Aster (ASTER) is 52.6× the size of Osmosis (OSMO) by market capitalisation. Over the past 1 year, ASTER is ahead by 29.2 percentage points (OSMO -52.7% against ASTER -23.5%). Their daily returns move barely together (correlation 0.25 across 394 shared trading days). OSMO has been the more volatile of the two, at 147% annualised against ASTER's 90%.
OSMOASTER
0.25over 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 | OSMO | ASTER |
|---|---|---|
| Max drawdown (400d) | -84.9% | -77.3% |
| Risk-adjusted return (90d) | 0.43 | 0.31 |
| Best 30 days (past year) | +180.4% | +47.6% |
| Worst 30 days (past year) | -47.4% | -51.6% |
Relative strength over 90 days: OSMO outperformed ASTER by 46.7% — measured on the OSMO/ASTER ratio, so it holds regardless of market direction.