Aerodrome Finance (AERO) is 2.1× the size of SoSoValue (SOSO) by market capitalisation. Their daily returns move barely together (correlation 0.04 across 57 shared trading days). AERO has been the more volatile of the two, at 101% annualised against SOSO's 69%.
SOSOAERO
0.04over 57 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 | SOSO | AERO |
|---|---|---|
| Max drawdown (400d) | -11.6% | -36.4% |
| Risk-adjusted return (90d) | 0.03 | 0.42 |
Relative strength over 90 days: AERO outperformed SOSO by 34.9% — measured on the SOSO/AERO ratio, so it holds regardless of market direction.