Baseforever (BASEFOREVER) and Rain (RAIN) compared side by side. Over the past 30 days, BASEFOREVER is ahead by 46.8 percentage points (BASEFOREVER -11.5% against RAIN -58.2%). Their daily returns move barely together (correlation 0.12 across 23 shared trading days). Both have run at a similar volatility, around 126% annualised.
BASEFOREVERRAIN
0.12over 23 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 | BASEFOREVER | RAIN |
|---|---|---|
| Max drawdown (400d) | -34.6% | -68.5% |
| Risk-adjusted return (90d) | -0.19 | -0.37 |
Relative strength over 90 days: BASEFOREVER outperformed RAIN by 39.5% — measured on the BASEFOREVER/RAIN ratio, so it holds regardless of market direction.