Pump.fun (PUMP) is 20522.9× the size of Friends With Benefits Pro [OLD] (FWB) by market capitalisation. Their daily returns move barely together (correlation 0.15 across 32 shared trading days). PUMP has been the more volatile of the two, at 127% annualised against FWB's 33%.
FWBPUMP
0.15over 32 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 | FWB | PUMP |
|---|---|---|
| Max drawdown (400d) | -19.3% | -83.1% |
| Risk-adjusted return (90d) | -0.53 | 0.53 |
| Best 30 days (past year) | — | +185.0% |
| Worst 30 days (past year) | — | -43.2% |
Relative strength over 90 days: FWB outperformed PUMP by 21.2% — measured on the FWB/PUMP ratio, so it holds regardless of market direction.