Rain (RAIN) is 13429.7× the size of BlockChip (BCP) by market capitalisation. Their daily returns move barely together (correlation 0.11 across 31 shared trading days). Both have run at a similar volatility, around 127% annualised.
BCPRAIN
0.11over 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 | BCP | RAIN |
|---|---|---|
| Max drawdown (400d) | -72.2% | -69.3% |
| Risk-adjusted return (90d) | -0.47 | -0.40 |
Relative strength over 90 days: BCP outperformed RAIN by 57.8% — measured on the BCP/RAIN ratio, so it holds regardless of market direction.