Artificial Superintelligence Alliance (FET) is 597.2× the size of Miss AI (MSAI) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.10 across 183 shared trading days). MSAI has been the more volatile of the two, at 1313% annualised against FET's 118%.
$0.159300
MSAIFET
-0.10over 183 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 | MSAI | FET |
|---|---|---|
| Max drawdown (400d) | -97.4% | -80.0% |
| Risk-adjusted return (90d) | -0.02 | 0.09 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: FET outperformed MSAI by 13.1% — measured on the MSAI/FET ratio, so it holds regardless of market direction.