Nexus Mutual vs Rain

Rain (RAIN) is 44.6× the size of Nexus Mutual (NXM) by market capitalisation. Over the past 30 days, NXM is ahead by 49.5 percentage points (NXM -8.8% against RAIN -58.2%). Their daily returns move barely together (correlation 0.24 across 54 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against NXM's 53%.

Correlation: 0.24
Size ratio: 1 : 44.6
Ahead over 30 days: NXM

Nexus MutualNXM

$61.4600

24h: +3.89%
Market cap: $95.25M
Volume 24h: —
Volatility (ann.): 53%

RainRAIN

$0.005954

24h: -6.83%
Market cap: $4.25B
Volume 24h: $13.60M
Volatility (ann.): 134%

NXM 2.2%Share of the two combined market caps97.8% RAIN

Performance

NXMRAIN

7 days-1.00%-8.29%NXM
30 days-8.76%-58.25%NXM

Correlation

0.24over 54 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2790d: 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	NXM	RAIN
Max drawdown (400d)	-17.2%	-68.5%
Risk-adjusted return (90d)	0.28	-0.37

Relative strength over 90 days: NXM outperformed RAIN by 128.3% — measured on the NXM/RAIN ratio, so it holds regardless of market direction.

Nexus Mutual →Rain →