Artificial Superintelligence Alliance (FET) is 19138.4× the size of OmegaX Health (OMEGAX) by market capitalisation. Their daily returns move barely together (correlation 0.12 across 35 shared trading days). Both have run at a similar volatility, around 118% annualised.
$0.148100
OMEGAXFET
0.12over 35 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 | OMEGAX | FET |
|---|---|---|
| Max drawdown (400d) | -36.6% | -79.7% |
| Risk-adjusted return (90d) | -0.22 | 0.04 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: OMEGAX outperformed FET by 18.5% — measured on the OMEGAX/FET ratio, so it holds regardless of market direction.