USDS vs Rain
USDS (USDS) is 1.0× the size of Rain (RAIN) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.29 across 31 shared trading days). RAIN has been the more volatile of the two, at 130% annualised against USDS's 0%.
Performance
| Period | USDS | RAIN | Ahead |
|---|---|---|---|
| 7 days | -0.01% | -20.19% | USDS |
| 30 days | -0.01% | +1.17% | RAIN |
| 90 days | -0.13% | — | — |
Risk & extremes
| Metric | USDS | RAIN |
|---|---|---|
| Max drawdown (400d) | -0.2% | -32.0% |
| Risk-adjusted return (90d) | -0.36 | 0.01 |
Relative strength over 90 days: RAIN outperformed USDS by 1.2% — measured on the USDS/RAIN ratio, so it holds regardless of market direction.
Correlation
-0.29over 31 shared trading days
7d: insufficient data30d: -0.2990d: 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.