OreoSwap (OREO) and Rain (RAIN) compared side by side. Over the past 30 days, OREO is ahead by 47.1 percentage points (OREO -11.1% against RAIN -58.2%). Their daily returns move barely together (correlation 0.02 across 23 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against OREO's 42%.
OREORAIN
0.02over 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 | OREO | RAIN |
|---|---|---|
| Max drawdown (400d) | -16.0% | -68.5% |
| Risk-adjusted return (90d) | -0.25 | -0.37 |
Relative strength over 90 days: OREO outperformed RAIN by 38.4% — measured on the OREO/RAIN ratio, so it holds regardless of market direction.