Bundles vs Rain

Rain (RAIN) is 69063.3× the size of Bundles (BNDL) by market capitalisation. Over the past 30 days, BNDL is ahead by 30.7 percentage points (BNDL -30.3% against RAIN -61.0%). Their daily returns move barely together (correlation 0.09 across 24 shared trading days). RAIN has been the more volatile of the two, at 135% annualised against BNDL's 54%.

Correlation: 0.09
Size ratio: 1 : 69063.3
Ahead over 30 days: BNDL

BundlesBNDL

$6.761e-5

24h: +2.46%
Market cap: $60,359
Volume 24h: $29
Volatility (ann.): 54%

RainRAIN

$0.005835

24h: -4.73%
Market cap: $4.17B
Volume 24h: $13.08M
Volatility (ann.): 135%

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

Performance

BNDLRAIN

7 days-5.91%-11.68%BNDL
30 days-30.31%-60.96%BNDL

Correlation

0.09over 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	BNDL	RAIN
Max drawdown (400d)	-34.5%	-69.3%
Risk-adjusted return (90d)	-0.55	-0.40

Relative strength over 90 days: BNDL outperformed RAIN by 42.7% — measured on the BNDL/RAIN ratio, so it holds regardless of market direction.

Bundles →Rain →