Midas mHYPER vs Midas mEDGE

Midas mHYPER (MHYPER) is 62.2× the size of Midas mEDGE (MEDGE) by market capitalisation. Over the past 30 days, MHYPER is ahead by 0.0 percentage points (MHYPER +0.9% against MEDGE +0.9%). Their daily returns move barely in opposite directions (correlation -0.04 across 28 shared trading days). Both have run at a similar volatility, around 3% annualised.

Correlation: -0.04
Size ratio: 62.2×
Ahead over 30 days: MHYPER

Midas mHYPERMHYPER

$1.1400

24h: +0.00%
Market cap: $31.04M
Volume 24h: —
Volatility (ann.): 3%

Midas mEDGEMEDGE

$1.1500

24h: +0.00%
Market cap: $499,243
Volume 24h: —
Volatility (ann.): 3%

MHYPER 98.4%Share of the two combined market caps1.6% MEDGE

Performance

MHYPERMEDGE

7 days+0.00%+0.00%MHYPER
30 days+0.88%+0.88%MHYPER

Correlation

-0.04over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: 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	MHYPER	MEDGE
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	0.53	0.29

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

Midas mHYPER →Midas mEDGE →