Artificial Superintelligence Alliance (FET) is 26504.2× the size of FAME AI (FMC) by market capitalisation. Their daily returns move barely together (correlation 0.30 across 188 shared trading days). Both have run at a similar volatility, around 121% annualised.
$0.146700
FMCFET
0.30over 188 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 | FET |
|---|---|---|
| Max drawdown (400d) | -83.5% | -79.7% |
| Risk-adjusted return (90d) | -0.54 | 0.04 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: FET outperformed FMC by 70.1% — measured on the FMC/FET ratio, so it holds regardless of market direction.