PUMOSHI NAKAMOTO (PUMO) and Achi (ACH) compared side by side. Their daily returns move closely together (correlation 0.65 across 24 shared trading days). PUMO has been the more volatile of the two, at 141% annualised against ACH's 81%.
PUMOACH
0.65over 24 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 | PUMO | ACH |
|---|---|---|
| Max drawdown (400d) | -56.8% | -78.0% |
| Risk-adjusted return (90d) | -0.35 | 0.05 |
| Best 30 days (past year) | — | +62.8% |
| Worst 30 days (past year) | — | -41.8% |
Relative strength over 90 days: ACH outperformed PUMO by 21.8% — measured on the PUMO/ACH ratio, so it holds regardless of market direction.