TrustSwap vs Rain

Rain (RAIN) is 1250.8× the size of TrustSwap (SWAP) by market capitalisation. Over the past 30 days, SWAP is ahead by 43.1 percentage points (SWAP -15.2% against RAIN -58.2%). Their daily returns move barely together (correlation 0.27 across 30 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against SWAP's 56%.

Correlation: 0.27
Size ratio: 1 : 1250.8
Ahead over 30 days: SWAP

TrustSwapSWAP

$0.035742

24h: +0.32%
Market cap: $3.57M
Volume 24h: $27,602
Volatility (ann.): 56%

RainRAIN

$0.006272

24h: +2.12%
Market cap: $4.47B
Volume 24h: $14.56M
Volatility (ann.): 134%

SWAP 0.1%Share of the two combined market caps99.9% RAIN

Performance

SWAPRAIN

7 days-10.69%-8.29%RAIN
30 days-15.19%-58.25%SWAP

Correlation

0.27over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2790d: 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	SWAP	RAIN
Max drawdown (400d)	-23.0%	-68.5%
Risk-adjusted return (90d)	-0.30	-0.37

Relative strength over 90 days: SWAP outperformed RAIN by 118.3% — measured on the SWAP/RAIN ratio, so it holds regardless of market direction.

TrustSwap →Rain →