VOXTO (VXT) and Rain (RAIN) compared side by side. Their daily returns move barely in opposite directions (correlation -0.21 across 35 shared trading days). RAIN has been the more volatile of the two, at 135% annualised against VXT's 66%.
VXTRAIN
-0.21over 35 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 | VXT | RAIN |
|---|---|---|
| Max drawdown (400d) | -80.8% | -69.3% |
| Risk-adjusted return (90d) | -0.18 | -0.40 |
Relative strength over 90 days: RAIN outperformed VXT by 26.9% — measured on the VXT/RAIN ratio, so it holds regardless of market direction.