Artificial Superintelligence Alliance (FET) is 15056.0× the size of ASYNCHRONUS by Virtuals (ASYNC) by market capitalisation. Their daily returns move loosely together (correlation 0.48 across 184 shared trading days). Both have run at a similar volatility, around 119% annualised.
$0.148100
ASYNCFET
0.48over 184 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 | ASYNC | FET |
|---|---|---|
| Max drawdown (400d) | -85.4% | -79.7% |
| Risk-adjusted return (90d) | -0.55 | 0.04 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: FET outperformed ASYNC by 60.2% — measured on the ASYNC/FET ratio, so it holds regardless of market direction.