Artificial Superintelligence Alliance (FET) is 1495.0× the size of BOTCOIN (BOTCOIN) by market capitalisation. Their daily returns move closely in opposite directions (correlation -0.66 across 34 shared trading days). BOTCOIN has been the more volatile of the two, at 13941% annualised against FET's 118%.
$0.161000
BOTCOINFET
-0.66over 34 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 | BOTCOIN | FET |
|---|---|---|
| Max drawdown (400d) | -99.1% | -80.0% |
| Risk-adjusted return (90d) | -0.01 | 0.09 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: FET outperformed BOTCOIN by 74.3% — measured on the BOTCOIN/FET ratio, so it holds regardless of market direction.