Midas mAPOLLO vs Midas Rockaway Market Neutral

Midas Rockaway Market Neutral (MROX) is 1.5× the size of Midas mAPOLLO (MAPOLLO) by market capitalisation. Over the past 30 days, MAPOLLO is ahead by 0.0 percentage points (MAPOLLO +0.9% against MROX +0.9%). Their daily returns move barely in opposite directions (correlation -0.03 across 31 shared trading days). Both have run at a similar volatility, around 3% annualised.

Correlation: -0.03
Size ratio: 1 : 1.5
Ahead over 30 days: MAPOLLO

Midas mAPOLLOMAPOLLO

$1.1300

24h: +0.00%
Market cap: $8.95M
Volume 24h: —
Volatility (ann.): 3%

Midas Rockaway Market NeutralMROX

$1.1600

24h: +0.11%
Market cap: $12.99M
Volume 24h: —
Volatility (ann.): 3%

MAPOLLO 40.8%Share of the two combined market caps59.2% MROX

Performance

MAPOLLOMROX

7 days+0.00%+0.00%MAPOLLO
30 days+0.90%+0.88%MAPOLLO

Correlation

-0.03over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	MAPOLLO	MROX
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	0.29	0.29

Relative strength over 90 days: MAPOLLO outperformed MROX by 0.0% — measured on the MAPOLLO/MROX ratio, so it holds regardless of market direction.

Midas mAPOLLO →Midas Rockaway Market Neutral →