Midas Wellington Income Opportunities vs Midas mF-ONE

Midas mF-ONE (MF-ONE) is 4.4× the size of Midas Wellington Income Opportunities (MWIN) by market capitalisation. Over the past 30 days, MF-ONE is ahead by 0.7 percentage points (MWIN +0.2% against MF-ONE +0.9%). Their daily returns move barely together (correlation 0.33 across 25 shared trading days). MF-ONE has been the more volatile of the two, at 2% annualised against MWIN's 0%.

Correlation: 0.33
Size ratio: 1 : 4.4
Ahead over 30 days: MF-ONE

Midas Wellington Income OpportunitiesMWIN

$131,841

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

Midas mF-ONEMF-ONE

$1.1300

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

MWIN 18.5%Share of the two combined market caps81.5% MF-ONE

Performance

MWINMF-ONE

7 days+0.03%+0.00%MWIN
30 days+0.19%+0.89%MF-ONE

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	MF-ONE
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	1.02	0.38

Relative strength over 90 days: MF-ONE outperformed MWIN by 0.7% — measured on the MWIN/MF-ONE ratio, so it holds regardless of market direction.

Midas Wellington Income Opportunities →Midas mF-ONE →