Pump.fun (PUMP) is 102350.0× the size of Make CRO Great Again (MCGA) by market capitalisation. Their daily returns move barely together (correlation 0.23 across 188 shared trading days). MCGA has been the more volatile of the two, at 207% annualised against PUMP's 127%.
MCGAPUMP
0.23over 188 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 | MCGA | PUMP |
|---|---|---|
| Max drawdown (400d) | -95.7% | -83.1% |
| Risk-adjusted return (90d) | -0.36 | 0.53 |
| Best 30 days (past year) | — | +185.0% |
| Worst 30 days (past year) | — | -43.2% |
Relative strength over 90 days: PUMP outperformed MCGA by 97.5% — measured on the MCGA/PUMP ratio, so it holds regardless of market direction.