1MillionNFTs (1MIL) and Artificial Superintelligence Alliance (FET) compared side by side. Their daily returns move loosely together (correlation 0.46 across 29 shared trading days). FET has been the more volatile of the two, at 118% annualised against 1MIL's 46%.
$0.161200
1MILFET
0.46over 29 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 | 1MIL | FET |
|---|---|---|
| Max drawdown (400d) | -20.2% | -80.0% |
| Risk-adjusted return (90d) | -0.40 | 0.18 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: 1MIL outperformed FET by 21.2% — measured on the 1MIL/FET ratio, so it holds regardless of market direction.