Pump.fun (PUMP) is 109.3× the size of Yei Finance (CLO) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.08 across 100 shared trading days). CLO has been the more volatile of the two, at 228% annualised against PUMP's 127%.
CLOPUMP
-0.08over 100 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 | CLO | PUMP |
|---|---|---|
| Max drawdown (400d) | -79.5% | -83.1% |
| Risk-adjusted return (90d) | -0.29 | 0.55 |
| Best 30 days (past year) | — | +185.0% |
| Worst 30 days (past year) | — | -43.2% |
Relative strength over 90 days: PUMP outperformed CLO by 89.5% — measured on the CLO/PUMP ratio, so it holds regardless of market direction.