Artificial Superintelligence Alliance (FET) is 70928.0× the size of Deployr (DEPLOYR) by market capitalisation. Their daily returns move loosely together (correlation 0.35 across 22 shared trading days). DEPLOYR has been the more volatile of the two, at 144% annualised against FET's 118%.
$0.145700
DEPLOYRFET
0.35over 22 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 | DEPLOYR | FET |
|---|---|---|
| Max drawdown (400d) | -50.6% | -80.0% |
| Risk-adjusted return (90d) | -0.35 | 0.18 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: FET outperformed DEPLOYR by 26.4% — measured on the DEPLOYR/FET ratio, so it holds regardless of market direction.