Falcon Finance (FF) is 11.3× the size of Huma Finance (HUMA) by market capitalisation. Over the past 1 year, HUMA is ahead by 7.9 percentage points (HUMA -15.8% against FF -23.6%). Their daily returns move barely together (correlation 0.11 across 399 shared trading days). Both have run at a similar volatility, around 123% annualised.
HUMAFF
0.11over 399 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 | HUMA | FF |
|---|---|---|
| Max drawdown (400d) | -69.6% | -69.7% |
| Risk-adjusted return (90d) | -0.13 | 0.37 |
| Best 30 days (past year) | +74.9% | +157.9% |
| Worst 30 days (past year) | -55.0% | -42.6% |
Relative strength over 90 days: FF outperformed HUMA by 40.0% — measured on the HUMA/FF ratio, so it holds regardless of market direction.