Midas mHYPER vs Midas Rockaway Market Neutral

Midas mHYPER (MHYPER) is 2.4× the size of Midas Rockaway Market Neutral (MROX) by market capitalisation. Over the past 30 days, MHYPER is ahead by 0.0 percentage points (MHYPER +0.9% against MROX +0.9%). Their daily returns move barely in opposite directions (correlation -0.04 across 29 shared trading days). Both have run at a similar volatility, around 3% annualised.

Correlation: -0.04
Size ratio: 2.4×
Ahead over 30 days: MHYPER

Midas mHYPERMHYPER

$1.1400

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

Midas Rockaway Market NeutralMROX

$1.1600

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

MHYPER 70.5%Share of the two combined market caps29.5% MROX

Performance

MHYPERMROX

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

Correlation

-0.04over 29 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	MROX
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	0.53	0.29

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

Midas mHYPER →Midas Rockaway Market Neutral →