Universal USDC vs Rain

Rain (RAIN) is 5648.4× the size of Universal USDC (UUSDC) by market capitalisation. Over the past 30 days, UUSDC is ahead by 58.7 percentage points (UUSDC +0.5% against RAIN -58.2%). Their daily returns move barely together (correlation 0.06 across 20 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against UUSDC's 4%.

Correlation: 0.06
Size ratio: 1 : 5648.4
Ahead over 30 days: UUSDC

Universal USDCUUSDC

$2.0900

24h: +0.01%
Market cap: $754,588
Volume 24h: —
Volatility (ann.): 4%

RainRAIN

$0.005967

24h: -9.02%
Market cap: $4.26B
Volume 24h: $14.42M
Volatility (ann.): 134%

UUSDC 0.0%Share of the two combined market caps100.0% RAIN

Performance

UUSDCRAIN

7 days+0.00%-8.29%UUSDC
30 days+0.48%-58.25%UUSDC

Correlation

0.06over 20 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	UUSDC	RAIN
Max drawdown (400d)	-0.5%	-68.5%
Risk-adjusted return (90d)	0.11	-0.37

Relative strength over 90 days: UUSDC outperformed RAIN by 35.2% — measured on the UUSDC/RAIN ratio, so it holds regardless of market direction.

Universal USDC →Rain →