xHYPE vs Midas mF-ONE

Midas mF-ONE (MF-ONE) is 7.2× the size of xHYPE (XHYPE) by market capitalisation. Over the past 30 days, XHYPE is ahead by 0.4 percentage points (XHYPE +1.3% against MF-ONE +0.9%). Their daily returns move barely together (correlation 0.13 across 35 shared trading days). XHYPE has been the more volatile of the two, at 8% annualised against MF-ONE's 2%.

Correlation: 0.13
Size ratio: 1 : 7.2
Ahead over 30 days: XHYPE

xHYPEXHYPE

$1.0610

24h: +0.27%
Market cap: $9.11M
Volume 24h: $154
Volatility (ann.): 8%

Midas mF-ONEMF-ONE

$1.1300

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

XHYPE 12.2%Share of the two combined market caps87.8% MF-ONE

Performance

XHYPEMF-ONE

7 days+0.47%+0.00%XHYPE
30 days+1.33%+0.89%XHYPE

Correlation

0.13over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 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	XHYPE	MF-ONE
Max drawdown (400d)	-2.0%	0.0%
Risk-adjusted return (90d)	0.16	0.38

Relative strength over 90 days: XHYPE outperformed MF-ONE by 0.4% — measured on the XHYPE/MF-ONE ratio, so it holds regardless of market direction.

xHYPE →Midas mF-ONE →