Artificial Superintelligence Alliance (FET) is 4057.7× the size of PLOI (PLOI) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.13 across 183 shared trading days). PLOI has been the more volatile of the two, at 475% annualised against FET's 118%.
$0.148500
PLOIFET
-0.13over 183 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 | PLOI | FET |
|---|---|---|
| Max drawdown (400d) | -75.5% | -80.0% |
| Risk-adjusted return (90d) | 0.60 | 0.18 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: PLOI outperformed FET by 618.9% — measured on the PLOI/FET ratio, so it holds regardless of market direction.