International Stable Currency vs Midas mTBILL

Midas mTBILL (MTBILL) is 30.7× the size of International Stable Currency (ISC) by market capitalisation. Over the past 30 days, MTBILL is ahead by 2.7 percentage points (ISC -2.3% against MTBILL +0.5%). Their daily returns move barely together (correlation 0.30 across 33 shared trading days). ISC has been the more volatile of the two, at 26% annualised against MTBILL's 1%.

Correlation: 0.30
Size ratio: 1 : 30.7
Ahead over 30 days: MTBILL

International Stable CurrencyISC

$2.1600

24h: -0.17%
Market cap: $2.41M
Volume 24h: $2,768
Volatility (ann.): 26%

Midas mTBILLMTBILL

$1.0770

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

ISC 3.2%Share of the two combined market caps96.8% MTBILL

Performance

ISCMTBILL

7 days+0.00%+0.09%MTBILL
30 days-2.27%+0.47%MTBILL

Correlation

0.30over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2790d: 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	ISC	MTBILL
Max drawdown (400d)	-5.8%	0.0%
Risk-adjusted return (90d)	-0.10	0.93

Relative strength over 90 days: MTBILL outperformed ISC by 3.4% — measured on the ISC/MTBILL ratio, so it holds regardless of market direction.

International Stable Currency →Midas mTBILL →