Midas Wellington Income Opportunities vs Midas mTBILL

Midas mTBILL (MTBILL) is 5.0× the size of Midas Wellington Income Opportunities (MWIN) by market capitalisation. Over the past 30 days, MTBILL is ahead by 0.3 percentage points (MWIN +0.2% against MTBILL +0.5%). Their daily returns move loosely together (correlation 0.41 across 25 shared trading days). MTBILL has been the more volatile of the two, at 1% annualised against MWIN's 0%.

Correlation: 0.41
Size ratio: 1 : 5.0
Ahead over 30 days: MTBILL

Midas Wellington Income OpportunitiesMWIN

$131,841

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

Midas mTBILLMTBILL

$1.0770

24h: +0.00%
Market cap: $73.89M
Volume 24h: —
Volatility (ann.): 1%

MWIN 16.8%Share of the two combined market caps83.2% MTBILL

Performance

MWINMTBILL

7 days+0.03%+0.09%MTBILL
30 days+0.19%+0.47%MTBILL

Correlation

0.41over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4190d: 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	MTBILL
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	1.02	0.93

Relative strength over 90 days: MTBILL outperformed MWIN by 0.1% — measured on the MWIN/MTBILL ratio, so it holds regardless of market direction.

Midas Wellington Income Opportunities →Midas mTBILL →