Midas mBTC vs Midas Fasanara Global

Midas Fasanara Global (MGLOBAL) is 21.4× the size of Midas mBTC (MBTC) by market capitalisation. Over the past 30 days, MBTC is ahead by 4.9 percentage points (MBTC +6.0% against MGLOBAL +1.1%). Their daily returns move barely together (correlation 0.30 across 23 shared trading days). MBTC has been the more volatile of the two, at 44% annualised against MGLOBAL's 2%.

Correlation: 0.30
Size ratio: 1 : 21.4
Ahead over 30 days: MBTC

Midas mBTCMBTC

$79,380

24h: -0.18%
Market cap: $1.60M
Volume 24h: —
Volatility (ann.): 44%

Midas Fasanara GlobalMGLOBAL

$1.0280

24h: +0.00%
Market cap: $34.28M
Volume 24h: —
Volatility (ann.): 2%

MBTC 4.5%Share of the two combined market caps95.5% MGLOBAL

Performance

MBTCMGLOBAL

7 days-1.02%+0.00%MGLOBAL
30 days+5.98%+1.08%MBTC

Correlation

0.30over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	MBTC	MGLOBAL
Max drawdown (400d)	-6.9%	0.0%
Risk-adjusted return (90d)	0.14	0.68

Relative strength over 90 days: MBTC outperformed MGLOBAL by 5.1% — measured on the MBTC/MGLOBAL ratio, so it holds regardless of market direction.

Midas mBTC →Midas Fasanara Global →