Morpho (MORPHO) is 163.0× the size of Intuition (TRUST) by market capitalisation. Their daily returns move loosely together (correlation 0.42 across 107 shared trading days). MORPHO has been the more volatile of the two, at 94% annualised against TRUST's 72%.
TRUSTMORPHO
0.42over 107 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 | TRUST | MORPHO |
|---|---|---|
| Max drawdown (400d) | -26.1% | -51.0% |
| Risk-adjusted return (90d) | 0.05 | 0.13 |
| Best 30 days (past year) | — | +77.8% |
| Worst 30 days (past year) | — | -44.8% |
Relative strength over 90 days: MORPHO outperformed TRUST by 3.7% — measured on the TRUST/MORPHO ratio, so it holds regardless of market direction.