Midas Wellington Income Opportunities vs Midas mHYPER

Midas mHYPER (MHYPER) is 2.1× the size of Midas Wellington Income Opportunities (MWIN) by market capitalisation. Over the past 30 days, MHYPER is ahead by 0.7 percentage points (MWIN +0.2% against MHYPER +0.9%). Their daily returns move barely together (correlation 0.11 across 29 shared trading days). MHYPER has been the more volatile of the two, at 3% annualised against MWIN's 0%.

Correlation: 0.11
Size ratio: 1 : 2.1
Ahead over 30 days: MHYPER

Midas Wellington Income OpportunitiesMWIN

$131,841

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

Midas mHYPERMHYPER

$1.1400

24h: +0.18%
Market cap: $31.05M
Volume 24h: —
Volatility (ann.): 3%

MWIN 32.4%Share of the two combined market caps67.6% MHYPER

Performance

MWINMHYPER

7 days+0.03%+0.00%MWIN
30 days+0.19%+0.88%MHYPER

Correlation

0.11over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1190d: 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	MHYPER
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	1.02	0.53

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

Midas Wellington Income Opportunities →Midas mHYPER →