Artificial Superintelligence Alliance (FET) is 39.5× the size of Cookie DAO (COOKIE) by market capitalisation. Over the past 1 year, FET is ahead by 63.5 percentage points (COOKIE -86.9% against FET -23.5%). Their daily returns move loosely together (correlation 0.49 across 399 shared trading days). Both have run at a similar volatility, around 117% annualised.
$0.147900
COOKIEFET
0.49over 399 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 | COOKIE | FET |
|---|---|---|
| Max drawdown (400d) | -94.4% | -80.0% |
| Risk-adjusted return (90d) | -0.12 | 0.18 |
| Best 30 days (past year) | +69.3% | +77.4% |
| Worst 30 days (past year) | -61.7% | -49.9% |
Relative strength over 90 days: FET outperformed COOKIE by 29.9% — measured on the COOKIE/FET ratio, so it holds regardless of market direction.