Midas mMEV vs Midas mF-ONE

Midas mF-ONE (MF-ONE) is 44.5× the size of Midas mMEV (MMEV) by market capitalisation. Over the past 30 days, MMEV is ahead by 0.9 percentage points (MMEV +1.8% against MF-ONE +0.9%). Their daily returns move barely in opposite directions (correlation -0.01 across 26 shared trading days). MMEV has been the more volatile of the two, at 184% annualised against MF-ONE's 2%.

Correlation: -0.01
Size ratio: 1 : 44.5
Ahead over 30 days: MMEV

Midas mMEVMMEV

$1.1600

24h: +0.11%
Market cap: $1.47M
Volume 24h: —
Volatility (ann.): 184%

Midas mF-ONEMF-ONE

$1.1300

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

MMEV 2.2%Share of the two combined market caps97.8% MF-ONE

Performance

MMEVMF-ONE

7 days+0.87%+0.00%MMEV
30 days+1.75%+0.89%MMEV

Correlation

-0.01over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0190d: 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	MMEV	MF-ONE
Max drawdown (400d)	-30.1%	0.0%
Risk-adjusted return (90d)	0.01	0.38

Relative strength over 90 days: MMEV outperformed MF-ONE by 0.8% — measured on the MMEV/MF-ONE ratio, so it holds regardless of market direction.

Midas mMEV →Midas mF-ONE →