Artificial Superintelligence Alliance (FET) is 50471.1× the size of Deployyyyer (DEPLOY) by market capitalisation. Their daily returns move barely together (correlation 0.28 across 186 shared trading days). DEPLOY has been the more volatile of the two, at 214% annualised against FET's 119%.
$0.148200
DEPLOYFET
0.28over 186 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 | DEPLOY | FET |
|---|---|---|
| Max drawdown (400d) | -96.9% | -79.7% |
| Risk-adjusted return (90d) | -0.39 | 0.04 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: FET outperformed DEPLOY by 87.1% — measured on the DEPLOY/FET ratio, so it holds regardless of market direction.