Artificial Superintelligence Alliance vs Virtuals Protocol

Virtuals Protocol (VIRTUAL) is 1.1× the size of Artificial Superintelligence Alliance (FET) by market capitalisation. Over the past 1 year, FET is ahead by 23.6 percentage points (FET -36.0% against VIRTUAL -59.5%). Their daily returns move closely together (correlation 0.70 across 399 shared trading days). Both have run at a similar volatility, around 119% annualised.

Correlation: 0.70
Size ratio: 1 : 1.1
Ahead over 1 year: FET

Artificial Superintelligence AllianceFET

$0.148500

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

Virtuals ProtocolVIRTUAL

$0.571900

24h: -5.08%
Market cap: $376.13M
Volume 24h: $38.70M
Volatility (ann.): 119%

FET 47.6%Share of the two combined market caps52.4% VIRTUAL

Performance

FETVIRTUAL

7 days-12.24%-1.02%VIRTUAL
30 days-40.03%-30.18%VIRTUAL
90 days+4.52%+0.07%FET
1 year-35.95%-59.52%FET

Correlation

0.70over 399 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8690d: 0.801y: 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	VIRTUAL
Max drawdown (400d)	-79.7%	-71.7%
Risk-adjusted return (90d)	0.04	0.00
Best 30 days (past year)	+77.4%	+47.4%
Worst 30 days (past year)	-49.9%	-54.7%

Relative strength over 90 days: FET outperformed VIRTUAL by 4.4% — measured on the FET/VIRTUAL ratio, so it holds regardless of market direction.

Artificial Superintelligence Alliance →Virtuals Protocol →