BitVault Signal [OLD] (BV7X) and Artificial Superintelligence Alliance (FET) compared side by side. Their daily returns move barely together (correlation 0.08 across 38 shared trading days). BV7X has been the more volatile of the two, at 292% annualised against FET's 118%.
$0.159300
BV7XFET
0.08over 38 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 | BV7X | FET |
|---|---|---|
| Max drawdown (400d) | -94.2% | -80.0% |
| Risk-adjusted return (90d) | -0.32 | 0.09 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: FET outperformed BV7X by 94.2% — measured on the BV7X/FET ratio, so it holds regardless of market direction.