Delta vs Rain

Rain (RAIN) is 556.8× the size of Delta (DELTA) by market capitalisation. Over the past 30 days, DELTA is ahead by 24.5 percentage points (DELTA -33.8% against RAIN -58.2%). Their daily returns move barely together (correlation 0.03 across 26 shared trading days). DELTA has been the more volatile of the two, at 516% annualised against RAIN's 134%.

Correlation: 0.03
Size ratio: 1 : 556.8
Ahead over 30 days: DELTA

DeltaDELTA

$0.008888

24h: -6.22%
Market cap: $8.00M
Volume 24h: $393,881
Volatility (ann.): 516%

RainRAIN

$0.006234

24h: +0.50%
Market cap: $4.45B
Volume 24h: $14.97M
Volatility (ann.): 134%

DELTA 0.2%Share of the two combined market caps99.8% RAIN

Performance

DELTARAIN

7 days-24.84%-8.29%RAIN
30 days-33.77%-58.25%DELTA

Correlation

0.03over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0390d: 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	DELTA	RAIN
Max drawdown (400d)	-65.3%	-68.5%
Risk-adjusted return (90d)	-0.10	-0.37

Relative strength over 90 days: DELTA outperformed RAIN by 24.3% — measured on the DELTA/RAIN ratio, so it holds regardless of market direction.

Delta →Rain →