Aerodrome Finance (AERO) is 336.7× the size of Persistence One (XPRT) by market capitalisation. Their daily returns move loosely together (correlation 0.39 across 77 shared trading days). XPRT has been the more volatile of the two, at 257% annualised against AERO's 101%.
XPRTAERO
0.39over 77 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 | XPRT | AERO |
|---|---|---|
| Max drawdown (400d) | -95.7% | -36.4% |
| Risk-adjusted return (90d) | 0.33 | 0.44 |
| Best 30 days (past year) | +275.2% | — |
| Worst 30 days (past year) | -78.2% | — |
Relative strength over 90 days: XPRT outperformed AERO by 78.7% — measured on the XPRT/AERO ratio, so it holds regardless of market direction.