Bankless BED Index vs Rain

Rain (RAIN) is 9683.1× the size of Bankless BED Index (BED) by market capitalisation. Over the past 30 days, BED is ahead by 51.3 percentage points (BED -9.7% against RAIN -61.0%). Their daily returns move barely together (correlation 0.04 across 24 shared trading days). RAIN has been the more volatile of the two, at 135% annualised against BED's 44%.

Correlation: 0.04
Size ratio: 1 : 9683.1
Ahead over 30 days: BED

Bankless BED IndexBED

$103.8700

24h: +5.66%
Market cap: $442,420
Volume 24h: $3,433
Volatility (ann.): 44%

RainRAIN

$0.005997

24h: -7.34%
Market cap: $4.28B
Volume 24h: $14.76M
Volatility (ann.): 135%

BED 0.0%Share of the two combined market caps100.0% RAIN

Performance

BEDRAIN

7 days+0.58%-11.68%BED
30 days-9.69%-60.96%BED

Correlation

0.04over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

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	BED	RAIN
Max drawdown (400d)	-15.5%	-69.3%
Risk-adjusted return (90d)	-0.17	-0.40

Relative strength over 90 days: BED outperformed RAIN by 57.5% — measured on the BED/RAIN ratio, so it holds regardless of market direction.

Bankless BED Index →Rain →