Helicopter Finance (COPTER) and Rain (RAIN) compared side by side. Over the past 30 days, COPTER is ahead by 54.5 percentage points (COPTER -6.5% against RAIN -61.0%). Their daily returns move barely in opposite directions (correlation -0.12 across 22 shared trading days). RAIN has been the more volatile of the two, at 135% annualised against COPTER's 45%.
COPTERRAIN
-0.12over 22 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 | COPTER | RAIN |
|---|---|---|
| Max drawdown (400d) | -11.3% | -69.3% |
| Risk-adjusted return (90d) | -0.15 | -0.40 |
Relative strength over 90 days: COPTER outperformed RAIN by 58.4% — measured on the COPTER/RAIN ratio, so it holds regardless of market direction.