Frax Price Index Share vs Rain

Rain (RAIN) is 1671.3× the size of Frax Price Index Share (FPIS) by market capitalisation. Over the past 30 days, FPIS is ahead by 51.4 percentage points (FPIS -6.8% against RAIN -58.2%). Their daily returns move barely together (correlation 0.19 across 24 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against FPIS's 16%.

Correlation: 0.19
Size ratio: 1 : 1671.3
Ahead over 30 days: FPIS

Frax Price Index ShareFPIS

$0.090096

24h: +0.57%
Market cap: $2.61M
Volume 24h: $18
Volatility (ann.): 16%

RainRAIN

$0.006098

24h: -2.55%
Market cap: $4.36B
Volume 24h: $14.29M
Volatility (ann.): 134%

FPIS 0.1%Share of the two combined market caps99.9% RAIN

Performance

FPISRAIN

7 days-1.84%-8.29%FPIS
30 days-6.81%-58.25%FPIS

Correlation

0.19over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	FPIS	RAIN
Max drawdown (400d)	-8.0%	-68.5%
Risk-adjusted return (90d)	-0.40	-0.37

Relative strength over 90 days: FPIS outperformed RAIN by 82.9% — measured on the FPIS/RAIN ratio, so it holds regardless of market direction.

Frax Price Index Share →Rain →