LEO Token vs Rain
LEO Token (LEO) is 1.1× the size of Rain (RAIN) by market capitalisation. Over the past 30 days, RAIN is ahead by 4.9 percentage points (LEO -3.8% against RAIN +1.2%). Their daily returns move barely together (correlation 0.19 across 31 shared trading days). RAIN has been the more volatile of the two, at 130% annualised against LEO's 22%.
Performance
| Period | LEO | RAIN | Ahead |
|---|---|---|---|
| 7 days | -2.60% | -20.19% | LEO |
| 30 days | -3.75% | +1.17% | RAIN |
Risk & extremes
| Metric | LEO | RAIN |
|---|---|---|
| Max drawdown (400d) | -7.0% | -32.0% |
| Risk-adjusted return (90d) | -0.17 | 0.01 |
Relative strength over 90 days: RAIN outperformed LEO by 4.9% — measured on the LEO/RAIN ratio, so it holds regardless of market direction.
Correlation
0.19over 31 shared trading days
7d: insufficient data30d: 0.1990d: 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.