EtherFi Liquid Reserve vs Midas mF-ONE

Midas mF-ONE (MF-ONE) is 24.6× the size of EtherFi Liquid Reserve (LIQUIDRESERVE) by market capitalisation. Over the past 30 days, MF-ONE is ahead by 0.5 percentage points (LIQUIDRESERVE +0.4% against MF-ONE +0.9%). Their daily returns move loosely together (correlation 0.46 across 24 shared trading days). MF-ONE has been the more volatile of the two, at 2% annualised against LIQUIDRESERVE's 1%.

Correlation: 0.46
Size ratio: 1 : 24.6
Ahead over 30 days: MF-ONE

EtherFi Liquid ReserveLIQUIDRESERVE

$1.0380

24h: +0.01%
Market cap: $2.66M
Volume 24h: —
Volatility (ann.): 1%

Midas mF-ONEMF-ONE

$1.1300

24h: +0.03%
Market cap: $65.45M
Volume 24h: —
Volatility (ann.): 2%

LIQUIDRESERVE 3.9%Share of the two combined market caps96.1% MF-ONE

Performance

LIQUIDRESERVEMF-ONE

7 days+0.10%+0.00%LIQUIDRESERVE
30 days+0.39%+0.89%MF-ONE

Correlation

0.46over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	LIQUIDRESERVE	MF-ONE
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	0.61	0.38

Relative strength over 90 days: MF-ONE outperformed LIQUIDRESERVE by 0.5% — measured on the LIQUIDRESERVE/MF-ONE ratio, so it holds regardless of market direction.

EtherFi Liquid Reserve →Midas mF-ONE →