KOTAI [OLD] (KTI) and Rain (RAIN) compared side by side. Over the past 30 days, KTI is ahead by 9.4 percentage points (KTI -48.8% against RAIN -58.2%). Their daily returns move closely together (correlation 0.80 across 26 shared trading days). Both have run at a similar volatility, around 141% annualised.
KTIRAIN
0.80over 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 | KTI | RAIN |
|---|---|---|
| Max drawdown (400d) | -57.1% | -68.5% |
| Risk-adjusted return (90d) | -0.33 | -0.37 |
Relative strength over 90 days: KTI outperformed RAIN by 31.6% — measured on the KTI/RAIN ratio, so it holds regardless of market direction.