Midas mBASIS vs Midas mTBILL

Midas mTBILL (MTBILL) is 14.1× the size of Midas mBASIS (MBASIS) by market capitalisation. Over the past 30 days, MTBILL is ahead by 11.5 percentage points (MBASIS -11.0% against MTBILL +0.5%). Their daily returns move loosely in opposite directions (correlation -0.37 across 30 shared trading days). MBASIS has been the more volatile of the two, at 153% annualised against MTBILL's 1%.

Correlation: -0.37
Size ratio: 1 : 14.1
Ahead over 30 days: MTBILL

Midas mBASISMBASIS

$1.2200

24h: +0.00%
Market cap: $5.23M
Volume 24h: —
Volatility (ann.): 153%

Midas mTBILLMTBILL

$1.0770

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

MBASIS 6.6%Share of the two combined market caps93.4% MTBILL

Performance

MBASISMTBILL

7 days-11.72%+0.09%MTBILL
30 days-10.99%+0.47%MTBILL

Correlation

-0.37over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3790d: 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	MBASIS	MTBILL
Max drawdown (400d)	-27.9%	0.0%
Risk-adjusted return (90d)	-0.07	0.93

Relative strength over 90 days: MTBILL outperformed MBASIS by 11.6% — measured on the MBASIS/MTBILL ratio, so it holds regardless of market direction.

Midas mBASIS →Midas mTBILL →