Artificial Superintelligence Alliance vs Internet Computer

Internet Computer (ICP) is 4.0× the size of Artificial Superintelligence Alliance (FET) by market capitalisation. Over the past 1 year, FET is ahead by 23.8 percentage points (FET -36.0% against ICP -59.8%). Their daily returns move loosely together (correlation 0.55 across 399 shared trading days). Both have run at a similar volatility, around 114% annualised.

Correlation: 0.55
Size ratio: 1 : 4.0
Ahead over 1 year: FET

Artificial Superintelligence AllianceFET

$0.148500

24h: -7.52%
Market cap: $342.34M
Volume 24h: $77.65M
Volatility (ann.): 119%

Internet ComputerICP

$2.4320

24h: -8.77%
Market cap: $1.35B
Volume 24h: $48.63M
Volatility (ann.): 109%

FET 20.2%Share of the two combined market caps79.8% ICP

Performance

FETICP

7 days-12.24%-0.58%ICP
30 days-40.03%-29.21%ICP
90 days+4.52%+14.18%ICP
1 year-35.95%-59.76%FET

Correlation

0.55over 399 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8190d: 0.641y: 0.55

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	FET	ICP
Max drawdown (400d)	-79.7%	-77.4%
Risk-adjusted return (90d)	0.04	0.17
Best 30 days (past year)	+77.4%	+49.6%
Worst 30 days (past year)	-49.9%	-62.1%

Relative strength over 90 days: ICP outperformed FET by 8.5% — measured on the FET/ICP ratio, so it holds regardless of market direction.

Artificial Superintelligence Alliance →Internet Computer →