Midas M1 USD Market Neutral vs Midas mF-ONE

Midas mF-ONE (MF-ONE) is 3.3× the size of Midas M1 USD Market Neutral (MM1-USD) by market capitalisation. Over the past 30 days, MM1-USD is ahead by 0.4 percentage points (MM1-USD +1.3% against MF-ONE +0.9%). Their daily returns move barely together (correlation 0.20 across 26 shared trading days). Both have run at a similar volatility, around 2% annualised.

Correlation: 0.20
Size ratio: 1 : 3.3
Ahead over 30 days: MM1-USD

Midas M1 USD Market NeutralMM1-USD

$1.0370

24h: +0.00%
Market cap: $19.55M
Volume 24h: —
Volatility (ann.): 3%

Midas mF-ONEMF-ONE

$1.1300

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

MM1-USD 23.0%Share of the two combined market caps77.0% MF-ONE

Performance

MM1-USDMF-ONE

7 days+0.68%+0.00%MM1-USD
30 days+1.27%+0.89%MM1-USD

Correlation

0.20over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2090d: 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	MM1-USD	MF-ONE
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	0.48	0.38

Relative strength over 90 days: MM1-USD outperformed MF-ONE by 0.4% — measured on the MM1-USD/MF-ONE ratio, so it holds regardless of market direction.

Midas M1 USD Market Neutral →Midas mF-ONE →