Artificial Superintelligence Alliance (FET) is 16679.1× the size of fetchr (FETCHR) by market capitalisation. Their daily returns move barely together (correlation 0.20 across 111 shared trading days). FETCHR has been the more volatile of the two, at 228% annualised against FET's 119%.
$0.146500
FETCHRFET
0.20over 111 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 | FETCHR | FET |
|---|---|---|
| Max drawdown (400d) | -93.0% | -79.7% |
| Risk-adjusted return (90d) | -0.26 | 0.04 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: FETCHR outperformed FET by 6.7% — measured on the FETCHR/FET ratio, so it holds regardless of market direction.