Artificial Superintelligence Alliance (FET) is 12078.5× the size of Nexgent AI (NEXGENT) by market capitalisation. Their daily returns move barely together (correlation 0.34 across 186 shared trading days). Both have run at a similar volatility, around 123% annualised.
$0.147300
NEXGENTFET
0.34over 186 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 | NEXGENT | FET |
|---|---|---|
| Max drawdown (400d) | -88.2% | -79.7% |
| Risk-adjusted return (90d) | 0.21 | 0.04 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: NEXGENT outperformed FET by 52.9% — measured on the NEXGENT/FET ratio, so it holds regardless of market direction.