MarhabaDeFi (MRHB) and Rain (RAIN) compared side by side. Over the past 30 days, MRHB is ahead by 56.2 percentage points (MRHB -2.1% against RAIN -58.2%). Their daily returns move barely in opposite directions (correlation -0.05 across 23 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against MRHB's 14%.
MRHBRAIN
-0.05over 23 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 | MRHB | RAIN |
|---|---|---|
| Max drawdown (400d) | -3.8% | -68.5% |
| Risk-adjusted return (90d) | -0.13 | -0.37 |
Relative strength over 90 days: MRHB outperformed RAIN by 46.2% — measured on the MRHB/RAIN ratio, so it holds regardless of market direction.