Rain (RAIN) is 74983.7× the size of BLOXWAP (BLOXWAP) by market capitalisation. Over the past 30 days, BLOXWAP is ahead by 32.6 percentage points (BLOXWAP -28.4% against RAIN -61.0%). Their daily returns move barely together (correlation 0.23 across 23 shared trading days). Both have run at a similar volatility, around 140% annualised.
BLOXWAPRAIN
0.23over 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 | BLOXWAP | RAIN |
|---|---|---|
| Max drawdown (400d) | -34.1% | -69.3% |
| Risk-adjusted return (90d) | -0.18 | -0.40 |
Relative strength over 90 days: BLOXWAP outperformed RAIN by 32.9% — measured on the BLOXWAP/RAIN ratio, so it holds regardless of market direction.