Midas mF-ONE vs Midas Rockaway Market Neutral

Midas mF-ONE (MF-ONE) is 4.7× the size of Midas Rockaway Market Neutral (MROX) by market capitalisation. Over the past 30 days, MF-ONE is ahead by 0.0 percentage points (MF-ONE +0.9% against MROX +0.9%). Their daily returns move barely in opposite directions (correlation -0.04 across 25 shared trading days). MROX has been the more volatile of the two, at 3% annualised against MF-ONE's 2%.

Correlation: -0.04
Size ratio: 4.7×
Ahead over 30 days: MF-ONE

Midas mF-ONEMF-ONE

$1.1300

24h: +0.03%
Market cap: $61.11M
Volume 24h: —
Volatility (ann.): 2%

Midas Rockaway Market NeutralMROX

$1.1600

24h: +0.00%
Market cap: $12.99M
Volume 24h: —
Volatility (ann.): 3%

MF-ONE 82.5%Share of the two combined market caps17.5% MROX

Performance

MF-ONEMROX

7 days+0.00%+0.00%MF-ONE
30 days+0.89%+0.88%MF-ONE

Correlation

-0.04over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: 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	MF-ONE	MROX
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	0.39	0.29

Relative strength over 90 days: MF-ONE outperformed MROX by 0.0% — measured on the MF-ONE/MROX ratio, so it holds regardless of market direction.

Midas mF-ONE →Midas Rockaway Market Neutral →