Spiral Stake (SPRL) and Rain (RAIN) compared side by side. Over the past 30 days, RAIN is ahead by 4.6 percentage points (SPRL -62.8% against RAIN -58.2%). Their daily returns move loosely in opposite directions (correlation -0.37 across 23 shared trading days). SPRL has been the more volatile of the two, at 513% annualised against RAIN's 134%.
SPRLRAIN
-0.37over 23 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 | SPRL | RAIN |
|---|---|---|
| Max drawdown (400d) | -78.9% | -68.5% |
| Risk-adjusted return (90d) | -0.14 | -0.37 |
Relative strength over 90 days: RAIN outperformed SPRL by 41.3% — measured on the SPRL/RAIN ratio, so it holds regardless of market direction.