Rain vs Derive

Rain (RAIN) is 11.3× the size of Derive (DRV) by market capitalisation. Over the past 30 days, DRV is ahead by 178.2 percentage points (RAIN -51.4% against DRV +126.8%). Their daily returns move barely in opposite directions (correlation -0.25 across 60 shared trading days). DRV has been the more volatile of the two, at 577% annualised against RAIN's 133%.

Correlation: -0.25
Size ratio: 11.3×
Ahead over 30 days: DRV

RainRAIN

$0.005440

24h: -3.19%
Market cap: $3.89B
Volume 24h: $11.40M
Volatility (ann.): 133%

DeriveDRV

$0.321838

24h: +1.12%
Market cap: $342.80M
Volume 24h: $10.67M
Volatility (ann.): 577%

RAIN 91.9%Share of the two combined market caps8.1% DRV

Performance

RAINDRV

7 days-11.35%-2.59%DRV
30 days-51.37%+126.84%DRV

Correlation

-0.25over 60 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3690d: 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	RAIN	DRV
Max drawdown (400d)	-71.2%	-32.6%
Risk-adjusted return (90d)	-0.43	0.39

Relative strength over 90 days: DRV outperformed RAIN by 87.0% — measured on the RAIN/DRV ratio, so it holds regardless of market direction.

Rain →Derive →