Artificial Superintelligence Alliance (FET) is 12673.5× the size of Velkaris (VELK) by market capitalisation. Their daily returns move loosely together (correlation 0.48 across 68 shared trading days). Both have run at a similar volatility, around 122% annualised.
$0.147900
VELKFET
0.48over 68 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 | VELK | FET |
|---|---|---|
| Max drawdown (400d) | -62.4% | -80.0% |
| Risk-adjusted return (90d) | -0.30 | 0.18 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: FET outperformed VELK by 39.3% — measured on the VELK/FET ratio, so it holds regardless of market direction.