Index Coop - ETH 2x Flexible Leverage Index (Polygon) vs Rain

Rain (RAIN) is 12562.9× the size of Index Coop - ETH 2x Flexible Leverage Index (Polygon) (ETH2X-FLI-P) by market capitalisation. Over the past 30 days, ETH2X-FLI-P is ahead by 53.6 percentage points (ETH2X-FLI-P -7.4% against RAIN -61.0%). Their daily returns move barely in opposite directions (correlation -0.05 across 24 shared trading days). RAIN has been the more volatile of the two, at 135% annualised against ETH2X-FLI-P's 40%.

Correlation: -0.05
Size ratio: 1 : 12562.9
Ahead over 30 days: ETH2X-FLI-P

Index Coop - ETH 2x Flexible Leverage Index (Polygon)ETH2X-FLI-P

$5.7700

24h: +4.78%
Market cap: $336,398
Volume 24h: $782
Volatility (ann.): 40%

RainRAIN

$0.005916

24h: -5.35%
Market cap: $4.23B
Volume 24h: $12.92M
Volatility (ann.): 135%

ETH2X-FLI-P 0.0%Share of the two combined market caps100.0% RAIN

Performance

ETH2X-FLI-PRAIN

7 days-3.03%-11.68%ETH2X-FLI-P
30 days-7.40%-60.96%ETH2X-FLI-P

Correlation

-0.05over 24 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	ETH2X-FLI-P	RAIN
Max drawdown (400d)	-13.7%	-69.3%
Risk-adjusted return (90d)	-0.16	-0.40

Relative strength over 90 days: ETH2X-FLI-P outperformed RAIN by 53.4% — measured on the ETH2X-FLI-P/RAIN ratio, so it holds regardless of market direction.

Index Coop - ETH 2x Flexible Leverage Index (Polygon) →Rain →