Unitas Gold vs Midas mF-ONE

Midas mF-ONE (MF-ONE) is 33.1× the size of Unitas Gold (XGLD) by market capitalisation. Over the past 30 days, MF-ONE is ahead by 10.9 percentage points (XGLD -10.0% against MF-ONE +0.9%). Their daily returns move barely in opposite directions (correlation -0.24 across 34 shared trading days). XGLD has been the more volatile of the two, at 27% annualised against MF-ONE's 2%.

Correlation: -0.24
Size ratio: 1 : 33.1
Ahead over 30 days: MF-ONE

Unitas GoldXGLD

$3,964.61

24h: +0.18%
Market cap: $1.98M
Volume 24h: $3,999
Volatility (ann.): 27%

Midas mF-ONEMF-ONE

$1.1300

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

XGLD 2.9%Share of the two combined market caps97.1% MF-ONE

Performance

XGLDMF-ONE

7 days-1.63%+0.00%MF-ONE
30 days-10.03%+0.89%MF-ONE

Correlation

-0.24over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2590d: 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	XGLD	MF-ONE
Max drawdown (400d)	-13.8%	0.0%
Risk-adjusted return (90d)	-0.44	0.38

Relative strength over 90 days: MF-ONE outperformed XGLD by 12.8% — measured on the XGLD/MF-ONE ratio, so it holds regardless of market direction.

Unitas Gold →Midas mF-ONE →