Pump.fun (PUMP) is 11618.7× the size of SOMESING (SSG) by market capitalisation. Over the past 1 year, SSG is ahead by 103.0 percentage points (SSG +80.8% against PUMP -22.2%). Their daily returns move barely together (correlation 0.06 across 355 shared trading days). SSG has been the more volatile of the two, at 703% annualised against PUMP's 124%.
SSGPUMP
0.06over 355 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 | SSG | PUMP |
|---|---|---|
| Max drawdown (400d) | -96.9% | -77.0% |
| Risk-adjusted return (90d) | -0.21 | 0.19 |
| Best 30 days (past year) | — | +185.0% |
| Worst 30 days (past year) | — | -43.2% |
Relative strength over 90 days: PUMP outperformed SSG by 93.1% — measured on the SSG/PUMP ratio, so it holds regardless of market direction.