Morpho (MORPHO) is 55.2× the size of Huma Finance (HUMA) by market capitalisation. Over the past 1 year, MORPHO is ahead by 54.0 percentage points (HUMA -15.8% against MORPHO +38.2%). Their daily returns move barely together (correlation 0.23 across 398 shared trading days). HUMA has been the more volatile of the two, at 124% annualised against MORPHO's 94%.
HUMAMORPHO
0.23over 398 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 | MORPHO |
|---|---|---|
| Max drawdown (400d) | -69.6% | -51.0% |
| Risk-adjusted return (90d) | -0.13 | 0.18 |
| Best 30 days (past year) | +74.9% | +77.8% |
| Worst 30 days (past year) | -55.0% | -44.8% |
Relative strength over 90 days: MORPHO outperformed HUMA by 28.5% — measured on the HUMA/MORPHO ratio, so it holds regardless of market direction.