Artificial Superintelligence Alliance (FET) is 355.0× the size of 1000x by Virtuals (1000X) by market capitalisation. Their daily returns move barely together (correlation 0.31 across 40 shared trading days). 1000X has been the more volatile of the two, at 470% annualised against FET's 118%.
$0.160000
1000XFET
0.31over 40 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 | 1000X | FET |
|---|---|---|
| Max drawdown (400d) | -71.3% | -80.0% |
| Risk-adjusted return (90d) | -0.06 | 0.09 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: FET outperformed 1000X by 30.3% — measured on the 1000X/FET ratio, so it holds regardless of market direction.