Pump.fun (PUMP) is 25554.4× the size of VoldemortTrumpRobotnik-10Neko (ETHEREUM) by market capitalisation. Their daily returns move loosely together (correlation 0.38 across 166 shared trading days). ETHEREUM has been the more volatile of the two, at 230% annualised against PUMP's 127%.
ETHEREUMPUMP
0.38over 166 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 | ETHEREUM | PUMP |
|---|---|---|
| Max drawdown (400d) | -83.7% | -83.1% |
| Risk-adjusted return (90d) | -0.15 | 0.53 |
| Best 30 days (past year) | — | +185.0% |
| Worst 30 days (past year) | — | -43.2% |
Relative strength over 90 days: PUMP outperformed ETHEREUM by 70.0% — measured on the ETHEREUM/PUMP ratio, so it holds regardless of market direction.