Cardano vs Rain
Cardano (ADA) is 1.0× the size of Rain (RAIN) by market capitalisation. Their daily returns move barely together (correlation 0.01 across 31 shared trading days). RAIN has been the more volatile of the two, at 130% annualised against ADA's 78%.
Performance
| Period | ADA | RAIN | Ahead |
|---|---|---|---|
| 7 days | +30.14% | -20.19% | ADA |
| 30 days | +12.03% | +1.17% | ADA |
| 90 days | +72.17% | — | — |
| 1 year | -69.20% | — | — |
Risk & extremes
| Metric | ADA | RAIN |
|---|---|---|
| Max drawdown (400d) | -84.6% | -32.0% |
| Risk-adjusted return (90d) | 0.94 | 0.01 |
| Best 30 days (past year) | +38.4% | — |
| Worst 30 days (past year) | -42.7% | — |
Relative strength over 90 days: ADA outperformed RAIN by 10.4% — measured on the ADA/RAIN ratio, so it holds regardless of market direction.
Correlation
0.01over 31 shared trading days
7d: insufficient data30d: 0.0190d: 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.