FRGX Finance (FRGX) and Rain (RAIN) compared side by side. Over the past 30 days, FRGX is ahead by 35.0 percentage points (FRGX -23.2% against RAIN -58.2%). Their daily returns move barely in opposite directions (correlation -0.10 across 23 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against FRGX's 83%.
FRGXRAIN
-0.10over 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 | FRGX | RAIN |
|---|---|---|
| Max drawdown (400d) | -30.9% | -68.5% |
| Risk-adjusted return (90d) | -0.36 | -0.37 |
Relative strength over 90 days: FRGX outperformed RAIN by 15.7% — measured on the FRGX/RAIN ratio, so it holds regardless of market direction.