Midas Fasanara Global vs Midas mTBILL

Midas mTBILL (MTBILL) is 2.2× the size of Midas Fasanara Global (MGLOBAL) by market capitalisation. Over the past 30 days, MGLOBAL is ahead by 0.6 percentage points (MGLOBAL +1.1% against MTBILL +0.5%). Their daily returns move barely together (correlation 0.10 across 55 shared trading days). MGLOBAL has been the more volatile of the two, at 2% annualised against MTBILL's 1%.

Correlation: 0.10
Size ratio: 1 : 2.2
Ahead over 30 days: MGLOBAL

Midas Fasanara GlobalMGLOBAL

$1.0280

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

Midas mTBILLMTBILL

$1.0770

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

MGLOBAL 31.7%Share of the two combined market caps68.3% MTBILL

Performance

MGLOBALMTBILL

7 days+0.00%+0.09%MTBILL
30 days+1.08%+0.47%MGLOBAL

Correlation

0.10over 55 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 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	MTBILL
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	0.68	0.93

Relative strength over 90 days: MGLOBAL outperformed MTBILL by 1.0% — measured on the MGLOBAL/MTBILL ratio, so it holds regardless of market direction.

Midas Fasanara Global →Midas mTBILL →