Rain (RAIN) is 813.0× the size of IBS (IBS) by market capitalisation. Over the past 30 days, IBS is ahead by 7.2 percentage points (IBS -51.0% against RAIN -58.2%). Their daily returns move closely together (correlation 0.78 across 26 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against IBS's 95%.
IBSRAIN
0.78over 26 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 | IBS | RAIN |
|---|---|---|
| Max drawdown (400d) | -53.1% | -68.5% |
| Risk-adjusted return (90d) | -0.54 | -0.37 |
Relative strength over 90 days: IBS outperformed RAIN by 22.2% — measured on the IBS/RAIN ratio, so it holds regardless of market direction.