Midas Fasanara Global Open vs Midas Fasanara Global

Midas Fasanara Global Open (MGLO) is 5.5× the size of Midas Fasanara Global (MGLOBAL) by market capitalisation. Over the past 30 days, MGLO is ahead by 0.0 percentage points (MGLO +1.1% against MGLOBAL +1.1%). Their daily returns move closely together (correlation 0.77 across 56 shared trading days). MGLOBAL has been the more volatile of the two, at 2% annualised against MGLO's 2%.

Correlation: 0.77
Size ratio: 5.5×
Ahead over 30 days: MGLO

Midas Fasanara Global OpenMGLO

$1.0110

24h: +0.00%
Market cap: $188.95M
Volume 24h: —
Volatility (ann.): 2%

Midas Fasanara GlobalMGLOBAL

$1.0280

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

MGLO 84.6%Share of the two combined market caps15.4% MGLOBAL

Performance

MGLOMGLOBAL

7 days+0.00%+0.00%MGLO
30 days+1.10%+1.08%MGLO

Correlation

0.77over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.9890d: 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	MGLO	MGLOBAL
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	0.55	0.69

Relative strength over 90 days: MGLOBAL outperformed MGLO by 0.6% — measured on the MGLO/MGLOBAL ratio, so it holds regardless of market direction.

Midas Fasanara Global Open →Midas Fasanara Global →