Render vs Artificial Superintelligence Alliance

Render (RENDER) is 2.3× the size of Artificial Superintelligence Alliance (FET) by market capitalisation. Over the past 1 year, RENDER is ahead by 9.6 percentage points (RENDER -13.9% against FET -23.5%). Their daily returns move closely together (correlation 0.75 across 399 shared trading days). FET has been the more volatile of the two, at 118% annualised against RENDER's 95%.

Correlation: 0.75
Size ratio: 2.3×
Ahead over 1 year: RENDER

RenderRENDER

$1.5990

24h: +6.79%
Market cap: $857.87M
Volume 24h: $35.54M
Volatility (ann.): 95%

Artificial Superintelligence AllianceFET

$0.160400

24h: +2.57%
Market cap: $371.92M
Volume 24h: $69.99M
Volatility (ann.): 118%

RENDER 69.8%Share of the two combined market caps30.2% FET

Performance

RENDERFET

7 days-5.87%-12.20%RENDER
30 days-22.32%-36.41%RENDER
90 days+19.61%+19.48%RENDER
1 year-13.86%-23.49%RENDER

Correlation

0.75over 399 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5690d: 0.661y: 0.75

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.

Risk & extremes

Metric	RENDER	FET
Max drawdown (400d)	-66.8%	-80.0%
Risk-adjusted return (90d)	0.26	0.18
Best 30 days (past year)	+82.4%	+77.4%
Worst 30 days (past year)	-49.7%	-49.9%

Relative strength over 90 days: RENDER outperformed FET by 0.1% — measured on the RENDER/FET ratio, so it holds regardless of market direction.

Render →Artificial Superintelligence Alliance →