Rain (RAIN) is 3277.2× the size of NEUY (NEUY) by market capitalisation. Over the past 30 days, NEUY is ahead by 55.0 percentage points (NEUY -3.3% against RAIN -58.2%). Their daily returns move barely together (correlation 0.27 across 28 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against NEUY's 51%.
NEUYRAIN
0.27over 28 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 | NEUY | RAIN |
|---|---|---|
| Max drawdown (400d) | -14.3% | -68.5% |
| Risk-adjusted return (90d) | -0.02 | -0.37 |
Relative strength over 90 days: NEUY outperformed RAIN by 152.3% — measured on the NEUY/RAIN ratio, so it holds regardless of market direction.