Akedo (AKE) is 3844.7× the size of FAME AI (FMC) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.49 across 30 shared trading days). AKE has been the more volatile of the two, at 454% annualised against FMC's 123%.
FMCAKE
-0.49over 30 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 | FMC | AKE |
|---|---|---|
| Max drawdown (400d) | -83.5% | -94.2% |
| Risk-adjusted return (90d) | -0.54 | -0.17 |
Relative strength over 90 days: FMC outperformed AKE by 61.7% — measured on the FMC/AKE ratio, so it holds regardless of market direction.