Polycat Finance (FISH) and Rain (RAIN) compared side by side. Over the past 30 days, FISH is ahead by 47.9 percentage points (FISH -10.4% against RAIN -58.2%). Their daily returns move barely in opposite directions (correlation -0.17 across 23 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against FISH's 33%.
FISHRAIN
-0.17over 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 | FISH | RAIN |
|---|---|---|
| Max drawdown (400d) | -12.8% | -68.5% |
| Risk-adjusted return (90d) | -0.29 | -0.37 |
Relative strength over 90 days: FISH outperformed RAIN by 39.0% — measured on the FISH/RAIN ratio, so it holds regardless of market direction.