Aerodrome Finance (AERO) is 457.0× the size of MEME.ssi (MEME.SSI) by market capitalisation. Their daily returns move closely together (correlation 0.66 across 38 shared trading days). AERO has been the more volatile of the two, at 101% annualised against MEME.SSI's 88%.
MEME.SSIAERO
0.66over 38 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 | MEME.SSI | AERO |
|---|---|---|
| Max drawdown (400d) | -23.9% | -36.4% |
| Risk-adjusted return (90d) | -0.07 | 0.44 |
Relative strength over 90 days: AERO outperformed MEME.SSI by 28.9% — measured on the MEME.SSI/AERO ratio, so it holds regardless of market direction.