Galaxy WETH Quality vs Rain

Rain (RAIN) is 1234.0× the size of Galaxy WETH Quality (ETH:GWETHQ) by market capitalisation. Over the past 30 days, ETH:GWETHQ is ahead by 67.8 percentage points (ETH:GWETHQ +9.5% against RAIN -58.2%). Their daily returns move barely in opposite directions (correlation -0.29 across 22 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against ETH:GWETHQ's 48%.

Correlation: -0.29
Size ratio: 1 : 1234.0
Ahead over 30 days: ETH:GWETHQ

Galaxy WETH QualityETH:GWETHQ

$2,284.03

24h: +0.36%
Market cap: $3.62M
Volume 24h: —
Volatility (ann.): 48%

RainRAIN

$0.006272

24h: +2.12%
Market cap: $4.47B
Volume 24h: $14.56M
Volatility (ann.): 134%

ETH:GWETHQ 0.1%Share of the two combined market caps99.9% RAIN

Performance

ETH:GWETHQRAIN

7 days-2.78%-8.29%ETH:GWETHQ
30 days+9.54%-58.25%ETH:GWETHQ

Correlation

-0.29over 22 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	ETH:GWETHQ	RAIN
Max drawdown (400d)	-5.6%	-68.5%
Risk-adjusted return (90d)	0.20	-0.37

Relative strength over 90 days: ETH:GWETHQ outperformed RAIN by 54.6% — measured on the ETH:GWETHQ/RAIN ratio, so it holds regardless of market direction.

Galaxy WETH Quality →Rain →