Aster (ASTER) is 20.2× the size of Orca (ORCA) by market capitalisation. Over the past 1 year, ORCA is ahead by 27.4 percentage points (ORCA +3.9% against ASTER -23.5%). Their daily returns move barely together (correlation 0.26 across 394 shared trading days). ORCA has been the more volatile of the two, at 119% annualised against ASTER's 90%.
ORCAASTER
0.26over 394 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 | ORCA | ASTER |
|---|---|---|
| Max drawdown (400d) | -64.8% | -77.3% |
| Risk-adjusted return (90d) | 0.26 | 0.31 |
| Best 30 days (past year) | +150.1% | +47.6% |
| Worst 30 days (past year) | -42.0% | -51.6% |
Relative strength over 90 days: ORCA outperformed ASTER by 13.7% — measured on the ORCA/ASTER ratio, so it holds regardless of market direction.