Artificial Superintelligence Alliance (FET) is 10373.1× the size of Daimon (DAIMON) by market capitalisation. Their daily returns move barely together (correlation 0.26 across 29 shared trading days). DAIMON has been the more volatile of the two, at 164% annualised against FET's 119%.
$0.148500
DAIMONFET
0.26over 29 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 | DAIMON | FET |
|---|---|---|
| Max drawdown (400d) | -27.6% | -79.7% |
| Risk-adjusted return (90d) | -0.10 | 0.04 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: DAIMON outperformed FET by 28.7% — measured on the DAIMON/FET ratio, so it holds regardless of market direction.