Loan Protocol vs Rain

Rain (RAIN) is 497.6× the size of Loan Protocol (LOAN) by market capitalisation. Over the past 30 days, LOAN is ahead by 45.7 percentage points (LOAN -12.6% against RAIN -58.2%). Their daily returns move barely in opposite directions (correlation -0.04 across 22 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against LOAN's 79%.

Correlation: -0.04
Size ratio: 1 : 497.6
Ahead over 30 days: LOAN

Loan ProtocolLOAN

$0.000261

24h: -0.05%
Market cap: $8.79M
Volume 24h: $73,444
Volatility (ann.): 79%

RainRAIN

$0.006120

24h: -0.06%
Market cap: $4.37B
Volume 24h: $14.64M
Volatility (ann.): 134%

LOAN 0.2%Share of the two combined market caps99.8% RAIN

Performance

LOANRAIN

7 days-8.01%-8.29%LOAN
30 days-12.60%-58.25%LOAN

Correlation

-0.04over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	LOAN	RAIN
Max drawdown (400d)	-22.6%	-68.5%
Risk-adjusted return (90d)	-0.16	-0.37

Relative strength over 90 days: LOAN outperformed RAIN by 23.4% — measured on the LOAN/RAIN ratio, so it holds regardless of market direction.

Loan Protocol →Rain →