Pump.fun (PUMP) is 414.6× the size of PHNIX (PHNIX) by market capitalisation. Over the past 1 year, PUMP is ahead by 55.1 percentage points (PHNIX -43.5% against PUMP +11.7%). Their daily returns move loosely together (correlation 0.39 across 373 shared trading days). Both have run at a similar volatility, around 128% annualised.
PHNIXPUMP
0.39over 373 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 | PHNIX | PUMP |
|---|---|---|
| Max drawdown (400d) | -73.6% | -83.1% |
| Risk-adjusted return (90d) | -0.12 | 0.55 |
| Best 30 days (past year) | +192.5% | +185.0% |
| Worst 30 days (past year) | -60.9% | -43.2% |
Relative strength over 90 days: PUMP outperformed PHNIX by 71.3% — measured on the PHNIX/PUMP ratio, so it holds regardless of market direction.