Dai (DAI) is 1.0× the size of Rain (RAIN) by market capitalisation. Over the past 30 days, DAI is ahead by 61.7 percentage points (DAI +0.0% against RAIN -61.7%). Their daily returns move barely in opposite directions (correlation -0.14 across 23 shared trading days). RAIN has been the more volatile of the two, at 136% annualised against DAI's 0%.
DAIRAIN
-0.14over 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 | DAI | RAIN |
|---|---|---|
| Max drawdown (400d) | -0.0% | -67.4% |
| Risk-adjusted return (90d) | 0.06 | -0.38 |
Relative strength over 90 days: DAI outperformed RAIN by 81.4% — measured on the DAI/RAIN ratio, so it holds regardless of market direction.