Morpho (MORPHO) is 1043.1× the size of xMoney (XMN) by market capitalisation. Over the past 1 year, MORPHO is ahead by 115.1 percentage points (XMN -99.4% against MORPHO +15.6%). Their daily returns move barely in opposite directions (correlation -0.01 across 365 shared trading days). XMN has been the more volatile of the two, at 243% annualised against MORPHO's 94%.
XMNMORPHO
-0.01over 365 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 | XMN | MORPHO |
|---|---|---|
| Max drawdown (400d) | -99.6% | -51.0% |
| Risk-adjusted return (90d) | -0.23 | 0.13 |
| Best 30 days (past year) | — | +77.8% |
| Worst 30 days (past year) | — | -44.8% |
Relative strength over 90 days: MORPHO outperformed XMN by 66.0% — measured on the XMN/MORPHO ratio, so it holds regardless of market direction.