Pump.fun (PUMP) is 62903.0× the size of Majo (MAJO) by market capitalisation. Over the past 1 year, MAJO is ahead by 46.6 percentage points (MAJO +59.8% against PUMP +13.2%). Their daily returns move barely together (correlation 0.12 across 362 shared trading days). MAJO has been the more volatile of the two, at 186% annualised against PUMP's 127%.
MAJOPUMP
0.12over 362 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 | MAJO | PUMP |
|---|---|---|
| Max drawdown (400d) | -80.7% | -83.1% |
| Risk-adjusted return (90d) | -0.15 | 0.53 |
| Best 30 days (past year) | — | +185.0% |
| Worst 30 days (past year) | — | -43.2% |
Relative strength over 90 days: PUMP outperformed MAJO by 81.3% — measured on the MAJO/PUMP ratio, so it holds regardless of market direction.