Derive vs Rain

Rain (RAIN) is 12.6× the size of Derive (DRV) by market capitalisation. Over the past 30 days, DRV is ahead by 172.1 percentage points (DRV +113.9% against RAIN -58.2%). Their daily returns move barely in opposite directions (correlation -0.25 across 56 shared trading days). DRV has been the more volatile of the two, at 596% annualised against RAIN's 134%.

Correlation: -0.25
Size ratio: 1 : 12.6
Ahead over 30 days: DRV

DeriveDRV

$0.332282

24h: +10.23%
Market cap: $352.97M
Volume 24h: $6.06M
Volatility (ann.): 596%

RainRAIN

$0.006217

24h: +0.81%
Market cap: $4.44B
Volume 24h: $14.21M
Volatility (ann.): 134%

DRV 7.4%Share of the two combined market caps92.6% RAIN

Performance

DRVRAIN

7 days-12.47%-8.29%RAIN
30 days+113.87%-58.25%DRV

Correlation

-0.25over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3590d: 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	DRV	RAIN
Max drawdown (400d)	-32.6%	-68.5%
Risk-adjusted return (90d)	0.40	-0.37

Relative strength over 90 days: DRV outperformed RAIN by 574.0% — measured on the DRV/RAIN ratio, so it holds regardless of market direction.

Derive →Rain →