USDS (USDS) is 2.1× the size of Rain (RAIN) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.16 across 60 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against USDS's 1%.
USDSRAIN
-0.16over 60 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 | USDS | RAIN |
|---|---|---|
| Max drawdown (400d) | -0.4% | -69.3% |
| Risk-adjusted return (90d) | 0.04 | -0.39 |
Relative strength over 90 days: USDS outperformed RAIN by 109.9% — measured on the USDS/RAIN ratio, so it holds regardless of market direction.