Artificial Superintelligence Alliance (FET) is 8773.7× the size of 0xCoral (0XCORAL) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.03 across 34 shared trading days). FET has been the more volatile of the two, at 119% annualised against 0XCORAL's 59%.
$0.148400
0XCORALFET
-0.03over 34 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 | 0XCORAL | FET |
|---|---|---|
| Max drawdown (400d) | -28.7% | -79.7% |
| Risk-adjusted return (90d) | -0.33 | 0.04 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: 0XCORAL outperformed FET by 29.9% — measured on the 0XCORAL/FET ratio, so it holds regardless of market direction.