Pyth USDC vs Rain

Rain (RAIN) is 5184.5× the size of Pyth USDC (PYTHUSDC) by market capitalisation. Over the past 30 days, PYTHUSDC is ahead by 58.3 percentage points (PYTHUSDC +0.1% against RAIN -58.2%). Their daily returns move barely in opposite directions (correlation -0.01 across 20 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against PYTHUSDC's 2%.

Correlation: -0.01
Size ratio: 1 : 5184.5
Ahead over 30 days: PYTHUSDC

Pyth USDCPYTHUSDC

$1.0730

24h: +0.01%
Market cap: $855,295
Volume 24h: —
Volatility (ann.): 2%

RainRAIN

$0.006207

24h: -3.64%
Market cap: $4.43B
Volume 24h: $14.09M
Volatility (ann.): 134%

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

Performance

PYTHUSDCRAIN

7 days+0.00%-8.29%PYTHUSDC
30 days+0.09%-58.25%PYTHUSDC

Correlation

-0.01over 20 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	PYTHUSDC	RAIN
Max drawdown (400d)	-0.3%	-68.5%
Risk-adjusted return (90d)	0.04	-0.37

Relative strength over 90 days: PYTHUSDC outperformed RAIN by 34.8% — measured on the PYTHUSDC/RAIN ratio, so it holds regardless of market direction.

Pyth USDC →Rain →