Artificial Superintelligence Alliance (FET) is 434.6× the size of Woon (WOON) by market capitalisation. Their daily returns move barely together (correlation 0.34 across 31 shared trading days). WOON has been the more volatile of the two, at 169% annualised against FET's 118%.
$0.157500
WOONFET
0.34over 31 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 | WOON | FET |
|---|---|---|
| Max drawdown (400d) | -29.7% | -80.0% |
| Risk-adjusted return (90d) | 0.37 | 0.09 |
| Best 30 days (past year) | — | +77.4% |
| Worst 30 days (past year) | — | -49.9% |
Relative strength over 90 days: WOON outperformed FET by 9.4% — measured on the WOON/FET ratio, so it holds regardless of market direction.