Chainflip vs Rain

Rain (RAIN) is 157.7× the size of Chainflip (FLIP) by market capitalisation. Over the past 30 days, FLIP is ahead by 45.2 percentage points (FLIP -13.0% against RAIN -58.2%). Their daily returns move loosely together (correlation 0.40 across 42 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against FLIP's 62%.

Correlation: 0.40
Size ratio: 1 : 157.7
Ahead over 30 days: FLIP

ChainflipFLIP

$0.315795

24h: +4.67%
Market cap: $27.48M
Volume 24h: $195,248
Volatility (ann.): 62%

RainRAIN

$0.006066

24h: -4.32%
Market cap: $4.33B
Volume 24h: $13.43M
Volatility (ann.): 134%

FLIP 0.6%Share of the two combined market caps99.4% RAIN

Performance

FLIPRAIN

7 days+0.75%-8.29%FLIP
30 days-13.01%-58.25%FLIP

Correlation

0.40over 42 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1490d: 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	FLIP	RAIN
Max drawdown (400d)	-33.9%	-68.5%
Risk-adjusted return (90d)	-0.33	-0.37

Relative strength over 90 days: FLIP outperformed RAIN by 79.6% — measured on the FLIP/RAIN ratio, so it holds regardless of market direction.

Chainflip →Rain →