Morpho (MORPHO) is 110.7× the size of Mey Network (MEY) by market capitalisation. Over the past 1 year, MORPHO is ahead by 93.3 percentage points (MEY -77.7% against MORPHO +15.6%). Their daily returns move barely together (correlation 0.22 across 371 shared trading days). Both have run at a similar volatility, around 88% annualised.
MEYMORPHO
0.22over 371 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 | MEY | MORPHO |
|---|---|---|
| Max drawdown (400d) | -79.2% | -51.0% |
| Risk-adjusted return (90d) | -0.15 | 0.13 |
| Best 30 days (past year) | +51.2% | +77.8% |
| Worst 30 days (past year) | -46.6% | -44.8% |
Relative strength over 90 days: MORPHO outperformed MEY by 10.5% — measured on the MEY/MORPHO ratio, so it holds regardless of market direction.