Artificial Superintelligence Alliance (FET) is 882.3× the size of B20 (B20) by market capitalisation. Their daily returns move barely together (correlation 0.08 across 24 shared trading days). Both have run at a similar volatility, around 120% annualised.
$0.160400
B20FET
0.08over 24 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 | B20 | FET |
|---|---|---|
| Max drawdown (400d) | -28.3% | -80.0% |
| Risk-adjusted return (90d) | -0.13 | 0.18 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: B20 outperformed FET by 25.5% — measured on the B20/FET ratio, so it holds regardless of market direction.