Artificial Superintelligence Alliance (FET) is 16195.7× the size of NOD (NOD) by market capitalisation. Their daily returns move barely together (correlation 0.31 across 112 shared trading days). NOD has been the more volatile of the two, at 180% annualised against FET's 118%.
$0.143600
NODFET
0.31over 112 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 | NOD | FET |
|---|---|---|
| Max drawdown (400d) | -90.8% | -80.0% |
| Risk-adjusted return (90d) | -0.43 | 0.18 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: FET outperformed NOD by 57.7% — measured on the NOD/FET ratio, so it holds regardless of market direction.