Aster (ASTER) is 11.0× the size of Meteora (MET) by market capitalisation. Over the past 1 year, ASTER is ahead by 12.2 percentage points (MET -35.6% against ASTER -23.5%). Their daily returns move barely together (correlation 0.34 across 356 shared trading days). MET has been the more volatile of the two, at 116% annualised against ASTER's 90%.
METASTER
0.34over 356 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 | MET | ASTER |
|---|---|---|
| Max drawdown (400d) | -78.8% | -77.3% |
| Risk-adjusted return (90d) | 0.44 | 0.31 |
| Best 30 days (past year) | — | +47.6% |
| Worst 30 days (past year) | — | -51.6% |
Relative strength over 90 days: MET outperformed ASTER by 38.5% — measured on the MET/ASTER ratio, so it holds regardless of market direction.