Rain (RAIN) is 28480.9× the size of Xraders (XR) by market capitalisation. Their daily returns move loosely together (correlation 0.57 across 37 shared trading days). RAIN has been the more volatile of the two, at 135% annualised against XR's 108%.
XRRAIN
0.57over 37 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 | XR | RAIN |
|---|---|---|
| Max drawdown (400d) | -87.9% | -69.3% |
| Risk-adjusted return (90d) | -0.97 | -0.40 |
Relative strength over 90 days: RAIN outperformed XR by 14.6% — measured on the XR/RAIN ratio, so it holds regardless of market direction.