Artificial Superintelligence Alliance (FET) is 10029.8× the size of A0x (A0X) by market capitalisation. Their daily returns move barely together (correlation 0.08 across 26 shared trading days). A0X has been the more volatile of the two, at 3841% annualised against FET's 119%.
$0.148100
A0XFET
0.08over 26 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 | A0X | FET |
|---|---|---|
| Max drawdown (400d) | -88.6% | -79.7% |
| Risk-adjusted return (90d) | 0.00 | 0.04 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: A0X outperformed FET by 30.2% — measured on the A0X/FET ratio, so it holds regardless of market direction.