Artificial Superintelligence Alliance vs Render

Render (RENDER) is 2.4× the size of Artificial Superintelligence Alliance (FET) by market capitalisation. Over the past 1 year, RENDER is ahead by 10.2 percentage points (FET -36.0% against RENDER -25.8%). Their daily returns move closely together (correlation 0.75 across 399 shared trading days). FET has been the more volatile of the two, at 119% annualised against RENDER's 95%.

Correlation: 0.75
Size ratio: 1 : 2.4
Ahead over 1 year: RENDER

Artificial Superintelligence AllianceFET

$0.148500

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

RenderRENDER

$1.5310

24h: -5.70%
Market cap: $816.81M
Volume 24h: $35.57M
Volatility (ann.): 95%

FET 29.5%Share of the two combined market caps70.5% RENDER

Performance

FETRENDER

7 days-12.24%-1.83%RENDER
30 days-40.03%-29.80%RENDER
90 days+4.52%+14.38%RENDER
1 year-35.95%-25.78%RENDER

Correlation

0.75over 399 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6590d: 0.671y: 0.75

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	RENDER
Max drawdown (400d)	-79.7%	-66.5%
Risk-adjusted return (90d)	0.04	0.19
Best 30 days (past year)	+77.4%	+82.4%
Worst 30 days (past year)	-49.9%	-49.7%

Relative strength over 90 days: RENDER outperformed FET by 8.6% — measured on the FET/RENDER ratio, so it holds regardless of market direction.

Artificial Superintelligence Alliance →Render →