Metaverse Index vs Rain

Rain (RAIN) is 10118.5× the size of Metaverse Index (MVI) by market capitalisation. Over the past 30 days, MVI is ahead by 41.8 percentage points (MVI -19.2% against RAIN -61.0%). Their daily returns move loosely in opposite directions (correlation -0.45 across 24 shared trading days). RAIN has been the more volatile of the two, at 135% annualised against MVI's 60%.

Correlation: -0.45
Size ratio: 1 : 10118.5
Ahead over 30 days: MVI

Metaverse IndexMVI

$4.6700

24h: +5.61%
Market cap: $423,379
Volume 24h: $282
Volatility (ann.): 60%

RainRAIN

$0.005997

24h: -7.34%
Market cap: $4.28B
Volume 24h: $14.76M
Volatility (ann.): 135%

MVI 0.0%Share of the two combined market caps100.0% RAIN

Performance

MVIRAIN

7 days-1.68%-11.68%MVI
30 days-19.17%-60.96%MVI

Correlation

-0.45over 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	MVI	RAIN
Max drawdown (400d)	-24.8%	-69.3%
Risk-adjusted return (90d)	-0.16	-0.40

Relative strength over 90 days: MVI outperformed RAIN by 37.8% — measured on the MVI/RAIN ratio, so it holds regardless of market direction.

Metaverse Index →Rain →