Ethereum Name Service vs Artificial Superintelligence Alliance

Artificial Superintelligence Alliance (FET) is 1.7× the size of Ethereum Name Service (ENS) by market capitalisation. Over the past 1 year, FET is ahead by 38.1 percentage points (ENS -63.7% against FET -25.6%). Their daily returns move closely together (correlation 0.72 across 399 shared trading days). FET has been the more volatile of the two, at 118% annualised against ENS's 82%.

Correlation: 0.72
Size ratio: 1 : 1.7
Ahead over 1 year: FET

Ethereum Name ServiceENS

$4.9600

24h: +0.84%
Market cap: $209.08M
Volume 24h: $9.41M
Volatility (ann.): 82%

Artificial Superintelligence AllianceFET

$0.158700

24h: +0.83%
Market cap: $365.72M
Volume 24h: $67.52M
Volatility (ann.): 118%

ENS 36.4%Share of the two combined market caps63.6% FET

Performance

ENSFET

7 days-6.51%-14.70%ENS
30 days-29.07%-38.56%ENS
90 days+15.09%+9.58%ENS
1 year-63.72%-25.63%FET

Correlation

0.72over 399 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8490d: 0.731y: 0.70

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.

Risk & extremes

Metric	ENS	FET
Max drawdown (400d)	-82.4%	-80.0%
Risk-adjusted return (90d)	0.17	0.09
Best 30 days (past year)	+48.0%	+77.4%
Worst 30 days (past year)	-51.6%	-49.9%

Relative strength over 90 days: ENS outperformed FET by 5.0% — measured on the ENS/FET ratio, so it holds regardless of market direction.

Ethereum Name Service →Artificial Superintelligence Alliance →