Rain (RAIN) is 304.0× the size of TronBank (TBK) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.21 across 36 shared trading days). Both have run at a similar volatility, around 133% annualised.
TBKRAIN
-0.21over 36 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 | TBK | RAIN |
|---|---|---|
| Max drawdown (400d) | -92.7% | -68.5% |
| Risk-adjusted return (90d) | -0.55 | -0.37 |
Relative strength over 90 days: TBK outperformed RAIN by 21.8% — measured on the TBK/RAIN ratio, so it holds regardless of market direction.