Rain (RAIN) is 73527.8× the size of Polyfactual (POLYFACTS) by market capitalisation. Their daily returns move barely together (correlation 0.20 across 40 shared trading days). POLYFACTS has been the more volatile of the two, at 226% annualised against RAIN's 135%.
POLYFACTSRAIN
0.20over 40 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 | POLYFACTS | RAIN |
|---|---|---|
| Max drawdown (400d) | -90.9% | -69.3% |
| Risk-adjusted return (90d) | -0.28 | -0.40 |
Relative strength over 90 days: POLYFACTS outperformed RAIN by 13.2% — measured on the POLYFACTS/RAIN ratio, so it holds regardless of market direction.