Artificial Superintelligence Alliance (FET) is 5994.9× the size of 0xAgentEVE (EVE) by market capitalisation. Their daily returns move barely together (correlation 0.14 across 33 shared trading days). FET has been the more volatile of the two, at 118% annualised against EVE's 67%.
$0.151400
EVEFET
0.14over 33 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 | EVE | FET |
|---|---|---|
| Max drawdown (400d) | -56.3% | -80.0% |
| Risk-adjusted return (90d) | -0.84 | 0.18 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: FET outperformed EVE by 34.9% — measured on the EVE/FET ratio, so it holds regardless of market direction.