Artificial Superintelligence Alliance (FET) is 41.4× the size of LUKSO [OLD] (LYXE) by market capitalisation. Their daily returns move barely together (correlation 0.19 across 187 shared trading days). LYXE has been the more volatile of the two, at 165% annualised against FET's 118%.
$0.162900
LYXEFET
0.19over 187 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 | LYXE | FET |
|---|---|---|
| Max drawdown (400d) | -79.9% | -80.0% |
| Risk-adjusted return (90d) | -0.48 | 0.09 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: FET outperformed LYXE by 44.6% — measured on the LYXE/FET ratio, so it holds regardless of market direction.