Artificial Superintelligence Alliance (FET) is 9107.0× the size of Oracle of Preferences ZK by Virtuals (OOPZ) by market capitalisation. Their daily returns move barely together (correlation 0.32 across 182 shared trading days). Both have run at a similar volatility, around 111% annualised.
$3.803e-5
$0.147200
OOPZFET
0.32over 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 | OOPZ | FET |
|---|---|---|
| Max drawdown (400d) | -84.5% | -79.7% |
| Risk-adjusted return (90d) | -0.31 | 0.04 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: FET outperformed OOPZ by 39.3% — measured on the OOPZ/FET ratio, so it holds regardless of market direction.