Elephant Money (TRUNK) vs Midas mF-ONE

Midas mF-ONE (MF-ONE) is 15.7× the size of Elephant Money (TRUNK) (TRUNK) by market capitalisation. Over the past 30 days, MF-ONE is ahead by 4.6 percentage points (TRUNK -3.7% against MF-ONE +0.9%). Their daily returns move barely together (correlation 0.12 across 33 shared trading days). TRUNK has been the more volatile of the two, at 16% annualised against MF-ONE's 2%.

Correlation: 0.12
Size ratio: 1 : 15.7
Ahead over 30 days: MF-ONE

Elephant Money (TRUNK)TRUNK

$0.033342

24h: -0.00%
Market cap: $4.16M
Volume 24h: $5,610
Volatility (ann.): 16%

Midas mF-ONEMF-ONE

$1.1300

24h: +0.02%
Market cap: $65.45M
Volume 24h: —
Volatility (ann.): 2%

TRUNK 6.0%Share of the two combined market caps94.0% MF-ONE

Performance

TRUNKMF-ONE

7 days-4.11%+0.00%MF-ONE
30 days-3.71%+0.89%MF-ONE

Correlation

0.12over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	TRUNK	MF-ONE
Max drawdown (400d)	-4.9%	0.0%
Risk-adjusted return (90d)	-0.16	0.38

Relative strength over 90 days: MF-ONE outperformed TRUNK by 3.5% — measured on the TRUNK/MF-ONE ratio, so it holds regardless of market direction.

Elephant Money (TRUNK) →Midas mF-ONE →