Lyvely (LVLY) and Aave (AAVE) compared side by side. Over the past 1 year, AAVE is ahead by 55.4 percentage points (LVLY -91.7% against AAVE -36.3%). Their daily returns move barely together (correlation 0.08 across 364 shared trading days). AAVE has been the more volatile of the two, at 87% annualised against LVLY's 64%.
LVLYAAVE
0.08over 364 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | LVLY | AAVE |
|---|---|---|
| Max drawdown (400d) | -91.8% | -79.5% |
| Risk-adjusted return (90d) | -0.80 | 0.46 |
| Best 30 days (past year) | — | +56.3% |
| Worst 30 days (past year) | — | -42.7% |
Relative strength over 90 days: AAVE outperformed LVLY by 73.3% — measured on the LVLY/AAVE ratio, so it holds regardless of market direction.