Open Stablecoin Index vs Rain

Rain (RAIN) is 21665.8× the size of Open Stablecoin Index (OPEN) by market capitalisation. Over the past 30 days, OPEN is ahead by 53.9 percentage points (OPEN -7.1% against RAIN -61.0%). Their daily returns move barely together (correlation 0.28 across 27 shared trading days). RAIN has been the more volatile of the two, at 135% annualised against OPEN's 84%.

Correlation: 0.28
Size ratio: 1 : 21665.8
Ahead over 30 days: OPEN

Open Stablecoin IndexOPEN

$0.446214

24h: +5.06%
Market cap: $200,594
Volume 24h: $14,403
Volatility (ann.): 84%

RainRAIN

$0.006074

24h: -2.90%
Market cap: $4.35B
Volume 24h: $13.56M
Volatility (ann.): 135%

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

Performance

OPENRAIN

7 days-3.96%-11.68%OPEN
30 days-7.07%-60.96%OPEN

Correlation

0.28over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	OPEN	RAIN
Max drawdown (400d)	-23.6%	-69.3%
Risk-adjusted return (90d)	-0.03	-0.40

Relative strength over 90 days: OPEN outperformed RAIN by 168.6% — measured on the OPEN/RAIN ratio, so it holds regardless of market direction.

Open Stablecoin Index →Rain →