Artificial Superintelligence Alliance (FET) is 13309.2× the size of Gitnull (GNULL) by market capitalisation. Their daily returns move barely together (correlation 0.16 across 109 shared trading days). GNULL has been the more volatile of the two, at 212% annualised against FET's 118%.
$0.143800
GNULLFET
0.16over 109 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 | GNULL | FET |
|---|---|---|
| Max drawdown (400d) | -90.3% | -80.0% |
| Risk-adjusted return (90d) | -0.31 | 0.18 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: FET outperformed GNULL by 5.7% — measured on the GNULL/FET ratio, so it holds regardless of market direction.