Pump.fun (PUMP) is 44704.1× the size of 69420 (69420) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.12 across 185 shared trading days). 69420 has been the more volatile of the two, at 538% annualised against PUMP's 127%.
69420PUMP
-0.12over 185 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 | 69420 | PUMP |
|---|---|---|
| Max drawdown (400d) | -68.8% | -82.6% |
| Risk-adjusted return (90d) | 0.27 | 0.48 |
| Best 30 days (past year) | — | +185.0% |
| Worst 30 days (past year) | — | -43.2% |
Relative strength over 90 days: 69420 outperformed PUMP by 31.4% — measured on the 69420/PUMP ratio, so it holds regardless of market direction.