DGrid AI (DGAI) is 34.5× the size of Rainbow (RNBW) by market capitalisation. Their daily returns move barely together (correlation 0.30 across 38 shared trading days). RNBW has been the more volatile of the two, at 186% annualised against DGAI's 115%.
RNBWDGAI
0.30over 38 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 | RNBW | DGAI |
|---|---|---|
| Max drawdown (400d) | -66.0% | -35.2% |
| Risk-adjusted return (90d) | 0.12 | -0.05 |
Relative strength over 90 days: RNBW outperformed DGAI by 23.3% — measured on the RNBW/DGAI ratio, so it holds regardless of market direction.