Kaizen.Finance (KZEN) and Rain (RAIN) compared side by side. Their daily returns move closely together (correlation 0.63 across 37 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against KZEN's 51%.
KZENRAIN
0.63over 37 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 | KZEN | RAIN |
|---|---|---|
| Max drawdown (400d) | -57.5% | -68.5% |
| Risk-adjusted return (90d) | 0.14 | -0.37 |
Relative strength over 90 days: KZEN outperformed RAIN by 79.0% — measured on the KZEN/RAIN ratio, so it holds regardless of market direction.