FORT Token (FRT) is 6.1× the size of Edu3Labs (NFE) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.06 across 31 shared trading days). NFE has been the more volatile of the two, at 230% annualised against FRT's 177%.
NFEFRT
-0.06over 31 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 | NFE | FRT |
|---|---|---|
| Max drawdown (400d) | -84.9% | -70.1% |
| Risk-adjusted return (90d) | 0.10 | -0.39 |
Relative strength over 90 days: NFE outperformed FRT by 153.0% — measured on the NFE/FRT ratio, so it holds regardless of market direction.