Aerodrome Finance (AERO) is 8.8× the size of Origin Token (OGN) by market capitalisation. Their daily returns move barely together (correlation 0.13 across 110 shared trading days). OGN has been the more volatile of the two, at 135% annualised against AERO's 101%.
OGNAERO
0.13over 110 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 | OGN | AERO |
|---|---|---|
| Max drawdown (400d) | -77.3% | -36.4% |
| Risk-adjusted return (90d) | 0.26 | 0.44 |
| Best 30 days (past year) | +145.5% | — |
| Worst 30 days (past year) | -38.2% | — |
Relative strength over 90 days: OGN outperformed AERO by 6.2% — measured on the OGN/AERO ratio, so it holds regardless of market direction.