Artificial Superintelligence Alliance (FET) is 13347.3× the size of Claw16z (CLAW16Z) by market capitalisation. Their daily returns move barely together (correlation 0.27 across 71 shared trading days). CLAW16Z has been the more volatile of the two, at 230% annualised against FET's 118%.
$0.143600
CLAW16ZFET
0.27over 71 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 | CLAW16Z | FET |
|---|---|---|
| Max drawdown (400d) | -82.2% | -80.0% |
| Risk-adjusted return (90d) | -0.33 | 0.18 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: FET outperformed CLAW16Z by 74.8% — measured on the CLAW16Z/FET ratio, so it holds regardless of market direction.