MI vs WFCF: Correlation
How closely do NFT Limited Class A (MI) and Where Food Comes From, Inc. (WFCF) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MI and WFCF?
On 3 years of weekly data the MI/WFCF correlation comes out at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. The 5-year figure is 0.33, and annualized covariance runs at 101218.6 %².
By 3-year correlation, WFCF places #11 of the 32 assets tracked against MI. Their recent paths diverged sharply: over the last 12 months WFCF outperformed by 20.7 percentage points (-10.3% for MI against +10.4% for WFCF). Note the risk asymmetry: MI runs 77.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
MI vs WFCF: side by side
| MI (NFT Limited Class A) | WFCF (Where Food Comes From, Inc.) | |
|---|---|---|
| 1-year return | -10.3% | +10.4% |
| 5-year return | -99.5% | +0.4% |
| Volatility (ann.) | 4443.9% | 57.1% |
| Beta vs S&P 500 | 8.21 | 0.27 |
| Max drawdown (3Y) | -98.5% | -49.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 45.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MI | WFCF |
|---|---|---|
| 2022 | -86.4% | -3.7% |
| 2023 | -66.2% | -3.0% |
| 2024 | -61.9% | -2.3% |
| 2025 | +13.3% | -13.2% |
| 2026 | -28.9% | +15.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MI and WFCF good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MI and WFCF?
As of 2026-08-27, the correlation of weekly returns between MI and WFCF is 0.40 over 3 years, 0.45 over 1 year and 0.33 over 5 years.
Is WFCF a good diversifier for MI?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mi-vs-wfcf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mi-vs-wfcf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MI correlations · WFCF correlations
