THORChain Yield vs Midas mF-ONE

Midas mF-ONE (MF-ONE) is 1.8× the size of THORChain Yield (TCY) by market capitalisation. Over the past 30 days, TCY is ahead by 0.9 percentage points (TCY +1.8% against MF-ONE +0.9%). Their daily returns move barely together (correlation 0.03 across 47 shared trading days). TCY has been the more volatile of the two, at 130% annualised against MF-ONE's 2%.

Correlation: 0.03
Size ratio: 1 : 1.8
Ahead over 30 days: TCY

THORChain YieldTCY

$0.187081

24h: +8.97%
Market cap: $34.69M
Volume 24h: $220,716
Volatility (ann.): 130%

Midas mF-ONEMF-ONE

$1.1300

24h: +0.01%
Market cap: $61.10M
Volume 24h: —
Volatility (ann.): 2%

TCY 36.2%Share of the two combined market caps63.8% MF-ONE

Performance

TCYMF-ONE

7 days-7.32%+0.00%MF-ONE
30 days+1.82%+0.89%TCY

Correlation

0.03over 47 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	TCY	MF-ONE
Max drawdown (400d)	-31.7%	0.0%
Risk-adjusted return (90d)	0.13	0.38

Relative strength over 90 days: TCY outperformed MF-ONE by 15.9% — measured on the TCY/MF-ONE ratio, so it holds regardless of market direction.

THORChain Yield →Midas mF-ONE →