Artificial Superintelligence Alliance (FET) is 9170.8× the size of NoelClaw (NOELCLAW) by market capitalisation. Their daily returns move barely together (correlation 0.14 across 101 shared trading days). NOELCLAW has been the more volatile of the two, at 275% annualised against FET's 118%.
$0.147900
NOELCLAWFET
0.14over 101 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 | NOELCLAW | FET |
|---|---|---|
| Max drawdown (400d) | -72.6% | -80.0% |
| Risk-adjusted return (90d) | -0.34 | 0.18 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: FET outperformed NOELCLAW by 59.9% — measured on the NOELCLAW/FET ratio, so it holds regardless of market direction.