Artificial Superintelligence Alliance (FET) is 29696.3× the size of Lead Ai (LAI) by market capitalisation. Their daily returns move barely together (correlation 0.12 across 32 shared trading days). FET has been the more volatile of the two, at 118% annualised against LAI's 64%.
$0.148800
LAIFET
0.12over 32 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 | LAI | FET |
|---|---|---|
| Max drawdown (400d) | -33.8% | -80.0% |
| Risk-adjusted return (90d) | -0.49 | 0.18 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: FET outperformed LAI by 2.2% — measured on the LAI/FET ratio, so it holds regardless of market direction.