Midas M1 USD Market Neutral vs Midas Fasanara Global

Midas Fasanara Global (MGLOBAL) is 1.8× the size of Midas M1 USD Market Neutral (MM1-USD) by market capitalisation. Over the past 30 days, MM1-USD is ahead by 0.2 percentage points (MM1-USD +1.3% against MGLOBAL +1.1%). Their daily returns move loosely together (correlation 0.60 across 26 shared trading days). Both have run at a similar volatility, around 3% annualised.

Correlation: 0.60
Size ratio: 1 : 1.8
Ahead over 30 days: MM1-USD

Midas M1 USD Market NeutralMM1-USD

$1.0370

24h: +0.00%
Market cap: $19.55M
Volume 24h: —
Volatility (ann.): 3%

Midas Fasanara GlobalMGLOBAL

$1.0280

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

MM1-USD 36.3%Share of the two combined market caps63.7% MGLOBAL

Performance

MM1-USDMGLOBAL

7 days+0.68%+0.00%MM1-USD
30 days+1.27%+1.08%MM1-USD

Correlation

0.60over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6090d: 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	MM1-USD	MGLOBAL
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	0.48	0.68

Relative strength over 90 days: MM1-USD outperformed MGLOBAL by 0.2% — measured on the MM1-USD/MGLOBAL ratio, so it holds regardless of market direction.

Midas M1 USD Market Neutral →Midas Fasanara Global →