Artificial Superintelligence Alliance (FET) is 29820.5× the size of Dr Emma Sage (EMMA) by market capitalisation. Their daily returns move closely together (correlation 0.69 across 24 shared trading days). FET has been the more volatile of the two, at 118% annualised against EMMA's 90%.
$0.149100
EMMAFET
0.69over 24 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 | EMMA | FET |
|---|---|---|
| Max drawdown (400d) | -38.8% | -80.0% |
| Risk-adjusted return (90d) | -0.36 | 0.18 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: FET outperformed EMMA by 2.6% — measured on the EMMA/FET ratio, so it holds regardless of market direction.