f(x) Protocol vs Rain

Rain (RAIN) is 1475.3× the size of f(x) Protocol (FXN) by market capitalisation. Over the past 30 days, FXN is ahead by 27.3 percentage points (FXN -31.0% against RAIN -58.2%). Their daily returns move loosely together (correlation 0.48 across 30 shared trading days). Both have run at a similar volatility, around 134% annualised.

Correlation: 0.48
Size ratio: 1 : 1475.3
Ahead over 30 days: FXN

f(x) ProtocolFXN

$18.3100

24h: -2.01%
Market cap: $3.01M
Volume 24h: $18,096
Volatility (ann.): 133%

RainRAIN

$0.006207

24h: -3.64%
Market cap: $4.43B
Volume 24h: $14.09M
Volatility (ann.): 134%

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

Performance

FXNRAIN

7 days-10.28%-8.29%RAIN
30 days-30.99%-58.25%FXN

Correlation

0.48over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4890d: 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	FXN	RAIN
Max drawdown (400d)	-44.5%	-68.5%
Risk-adjusted return (90d)	-0.11	-0.37

Relative strength over 90 days: FXN outperformed RAIN by 124.8% — measured on the FXN/RAIN ratio, so it holds regardless of market direction.

f(x) Protocol →Rain →