Midas Wellington Income Opportunities vs Midas Fasanara Global

Midas Fasanara Global (MGLOBAL) is 2.3× the size of Midas Wellington Income Opportunities (MWIN) by market capitalisation. Over the past 30 days, MGLOBAL is ahead by 0.9 percentage points (MWIN +0.2% against MGLOBAL +1.1%). Their daily returns move barely together (correlation 0.33 across 25 shared trading days). MGLOBAL has been the more volatile of the two, at 2% annualised against MWIN's 0%.

Correlation: 0.33
Size ratio: 1 : 2.3
Ahead over 30 days: MGLOBAL

Midas Wellington Income OpportunitiesMWIN

$131,841

24h: +0.02%
Market cap: $14.90M
Volume 24h: —
Volatility (ann.): 0%

Midas Fasanara GlobalMGLOBAL

$1.0280

24h: +0.00%
Market cap: $34.28M
Volume 24h: —
Volatility (ann.): 2%

MWIN 30.3%Share of the two combined market caps69.7% MGLOBAL

Performance

MWINMGLOBAL

7 days+0.03%+0.00%MWIN
30 days+0.19%+1.08%MGLOBAL

Correlation

0.33over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3390d: 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	MWIN	MGLOBAL
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	1.02	0.68

Relative strength over 90 days: MGLOBAL outperformed MWIN by 0.3% — measured on the MWIN/MGLOBAL ratio, so it holds regardless of market direction.

Midas Wellington Income Opportunities →Midas Fasanara Global →