Midas Fasanara Global Open vs Midas mHYPER

Midas Fasanara Global Open (MGLO) is 6.1× the size of Midas mHYPER (MHYPER) by market capitalisation. Over the past 30 days, MGLO is ahead by 0.2 percentage points (MGLO +1.1% against MHYPER +0.9%). Their daily returns move loosely together (correlation 0.42 across 47 shared trading days). MHYPER has been the more volatile of the two, at 3% annualised against MGLO's 2%.

Correlation: 0.42
Size ratio: 6.1×
Ahead over 30 days: MGLO

Midas Fasanara Global OpenMGLO

$1.0110

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

Midas mHYPERMHYPER

$1.1400

24h: +0.18%
Market cap: $31.05M
Volume 24h: —
Volatility (ann.): 3%

MGLO 85.9%Share of the two combined market caps14.1% MHYPER

Performance

MGLOMHYPER

7 days+0.00%+0.00%MGLO
30 days+1.10%+0.88%MGLO

Correlation

0.42over 47 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6290d: 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	MHYPER
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	0.55	0.53

Relative strength over 90 days: MHYPER outperformed MGLO by 0.7% — measured on the MGLO/MHYPER ratio, so it holds regardless of market direction.

Midas Fasanara Global Open →Midas mHYPER →