Liquid Euro vs Midas mF-ONE

Midas mF-ONE (MF-ONE) is 7.3× the size of Liquid Euro (WEEUR) by market capitalisation. Over the past 30 days, MF-ONE is ahead by 2.6 percentage points (WEEUR -1.7% against MF-ONE +0.9%). Their daily returns move closely in opposite directions (correlation -0.69 across 25 shared trading days). WEEUR has been the more volatile of the two, at 4% annualised against MF-ONE's 2%.

Correlation: -0.69
Size ratio: 1 : 7.3
Ahead over 30 days: MF-ONE

Liquid EuroWEEUR

$1.1500

24h: +0.55%
Market cap: $8.97M
Volume 24h: —
Volatility (ann.): 4%

Midas mF-ONEMF-ONE

$1.1300

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

WEEUR 12.1%Share of the two combined market caps87.9% MF-ONE

Performance

WEEURMF-ONE

7 days-0.85%+0.00%MF-ONE
30 days-1.69%+0.89%MF-ONE

Correlation

-0.69over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.6990d: 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	WEEUR	MF-ONE
Max drawdown (400d)	-1.7%	0.0%
Risk-adjusted return (90d)	-0.41	0.38

Relative strength over 90 days: MF-ONE outperformed WEEUR by 2.6% — measured on the WEEUR/MF-ONE ratio, so it holds regardless of market direction.

Liquid Euro →Midas mF-ONE →