Midas M1 USD Market Neutral vs Midas mHYPER

Midas mHYPER (MHYPER) is 1.6× the size of Midas M1 USD Market Neutral (MM1-USD) by market capitalisation. Over the past 30 days, MM1-USD is ahead by 0.4 percentage points (MM1-USD +1.3% against MHYPER +0.9%). Their daily returns move loosely together (correlation 0.39 across 30 shared trading days). MHYPER has been the more volatile of the two, at 3% annualised against MM1-USD's 3%.

Correlation: 0.39
Size ratio: 1 : 1.6
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 mHYPERMHYPER

$1.1400

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

MM1-USD 38.6%Share of the two combined market caps61.4% MHYPER

Performance

MM1-USDMHYPER

7 days+0.68%+0.00%MM1-USD
30 days+1.27%+0.88%MM1-USD

Correlation

0.39over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 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	MHYPER
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	0.48	0.53

Relative strength over 90 days: MHYPER outperformed MM1-USD by 0.5% — measured on the MM1-USD/MHYPER ratio, so it holds regardless of market direction.

Midas M1 USD Market Neutral →Midas mHYPER →