Pump.fun (PUMP) is 33867.8× the size of SCROOGE (SCROOGE) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.48 across 27 shared trading days). SCROOGE has been the more volatile of the two, at 621% annualised against PUMP's 129%.
SCROOGEPUMP
-0.48over 27 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 | SCROOGE | PUMP |
|---|---|---|
| Max drawdown (400d) | -93.2% | -83.1% |
| Risk-adjusted return (90d) | -0.14 | 0.93 |
| Best 30 days (past year) | — | +185.0% |
| Worst 30 days (past year) | — | -44.1% |
Relative strength over 90 days: PUMP outperformed SCROOGE by 79.1% — measured on the SCROOGE/PUMP ratio, so it holds regardless of market direction.