Midas Fasanara Global vs Midas Fasanara Global Open

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 (MGLOBAL +1.1% against MGLO +1.1%). Their daily returns move closely together (correlation 0.77 across 55 shared trading days). MGLOBAL has been the more volatile of the two, at 2% annualised against MGLO's 2%.

Correlation: 0.77
Size ratio: 1 : 5.5
Ahead over 30 days: MGLO

Midas Fasanara GlobalMGLOBAL

$1.0280

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

Midas Fasanara Global OpenMGLO

$1.0110

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

MGLOBAL 15.4%Share of the two combined market caps84.6% MGLO

Performance

MGLOBALMGLO

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

Correlation

0.77over 55 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	MGLOBAL	MGLO
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	0.68	0.55

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

Midas Fasanara Global →Midas Fasanara Global Open →