Artificial Superintelligence Alliance (FET) is 14002.4× the size of CodeGrid (GRID) by market capitalisation. Their daily returns move barely together (correlation 0.11 across 94 shared trading days). GRID has been the more volatile of the two, at 429% annualised against FET's 119%.
$0.148500
GRIDFET
0.11over 94 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 | GRID | FET |
|---|---|---|
| Max drawdown (400d) | -94.5% | -79.7% |
| Risk-adjusted return (90d) | -0.46 | 0.04 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: FET outperformed GRID by 85.9% — measured on the GRID/FET ratio, so it holds regardless of market direction.