Morpho (MORPHO) is 3822.5× the size of THORWallet (TITN) by market capitalisation. Over the past 1 year, MORPHO is ahead by 120.3 percentage points (TITN -82.1% against MORPHO +38.2%). Their daily returns move barely together (correlation 0.04 across 341 shared trading days). TITN has been the more volatile of the two, at 146% annualised against MORPHO's 94%.
TITNMORPHO
0.04over 341 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 | TITN | MORPHO |
|---|---|---|
| Max drawdown (400d) | -98.5% | -51.0% |
| Risk-adjusted return (90d) | 0.36 | 0.18 |
| Best 30 days (past year) | — | +77.8% |
| Worst 30 days (past year) | — | -44.8% |
Relative strength over 90 days: TITN outperformed MORPHO by 25.4% — measured on the TITN/MORPHO ratio, so it holds regardless of market direction.