Artificial Superintelligence Alliance (FET) is 1547.2× the size of Olyn by Virtuals (OLYN) by market capitalisation. Their daily returns move closely together (correlation 0.63 across 182 shared trading days). OLYN has been the more volatile of the two, at 150% annualised against FET's 118%.
$0.160400
OLYNFET
0.63over 182 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 | OLYN | FET |
|---|---|---|
| Max drawdown (400d) | -78.7% | -80.0% |
| Risk-adjusted return (90d) | 0.07 | 0.18 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: FET outperformed OLYN by 23.9% — measured on the OLYN/FET ratio, so it holds regardless of market direction.