Uniswap (UNI) is 2.4× the size of Aster (ASTER) by market capitalisation. Over the past 1 year, UNI is ahead by 63.3 percentage points (UNI +27.5% against ASTER -35.8%). Their daily returns move loosely together (correlation 0.42 across 396 shared trading days). Both have run at a similar volatility, around 96% annualised.
UNIASTER
0.42over 396 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 | UNI | ASTER |
|---|---|---|
| Max drawdown (400d) | -74.4% | -77.3% |
| Risk-adjusted return (90d) | 0.65 | 0.28 |
| Best 30 days (past year) | +143.9% | +47.6% |
| Worst 30 days (past year) | -47.8% | -51.6% |
Relative strength over 90 days: UNI outperformed ASTER by 49.8% — measured on the UNI/ASTER ratio, so it holds regardless of market direction.