Midas Fasanara Global Open vs Midas mTBILL

Midas Fasanara Global Open (MGLO) is 2.6× the size of Midas mTBILL (MTBILL) by market capitalisation. Over the past 30 days, MGLO is ahead by 0.6 percentage points (MGLO +1.1% against MTBILL +0.5%). Their daily returns move barely together (correlation 0.21 across 55 shared trading days). MGLO has been the more volatile of the two, at 2% annualised against MTBILL's 1%.

Correlation: 0.21
Size ratio: 2.6×
Ahead over 30 days: MGLO

Midas Fasanara Global OpenMGLO

$1.0110

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

Midas mTBILLMTBILL

$1.0770

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

MGLO 71.9%Share of the two combined market caps28.1% MTBILL

Performance

MGLOMTBILL

7 days+0.00%+0.09%MTBILL
30 days+1.10%+0.47%MGLO

Correlation

0.21over 55 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2290d: 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	MTBILL
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	0.55	0.93

Relative strength over 90 days: MGLO outperformed MTBILL by 0.4% — measured on the MGLO/MTBILL ratio, so it holds regardless of market direction.

Midas Fasanara Global Open →Midas mTBILL →