FRED Energy vs Energy Web Token

FRED Energy (FRED) and Energy Web Token (EWT) compared side by side. Over the past 30 days, FRED is ahead by 19.5 percentage points (FRED +25.6% against EWT +6.1%). Their daily returns move barely together (correlation 0.03 across 24 shared trading days). FRED has been the more volatile of the two, at 154% annualised against EWT's 97%.

Correlation: 0.03
Ahead over 30 days: FRED

FRED EnergyFRED

$0.000102

24h: +0.36%
Market cap: —
Volume 24h: $17
Volatility (ann.): 154%

Energy Web TokenEWT

$0.290396

24h: +2.24%
Market cap: $23.54M
Volume 24h: $217,680
Volatility (ann.): 97%

FRED 0.0%Share of the two combined market caps100.0% EWT

Performance

FREDEWT

7 days-8.27%-2.36%EWT
30 days+25.59%+6.05%FRED

Correlation

0.03over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

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	FRED	EWT
Max drawdown (400d)	-18.4%	-21.1%
Risk-adjusted return (90d)	0.17	0.01

Relative strength over 90 days: FRED outperformed EWT by 3.2% — measured on the FRED/EWT ratio, so it holds regardless of market direction.

FRED Energy →Energy Web Token →