Midas mMEV vs Midas mAPOLLO

Midas mAPOLLO (MAPOLLO) is 6.1× the size of Midas mMEV (MMEV) by market capitalisation. Over the past 30 days, MMEV is ahead by 0.9 percentage points (MMEV +1.8% against MAPOLLO +0.9%). Their daily returns move barely in opposite directions (correlation -0.04 across 30 shared trading days). MMEV has been the more volatile of the two, at 184% annualised against MAPOLLO's 3%.

Correlation: -0.04
Size ratio: 1 : 6.1
Ahead over 30 days: MMEV

Midas mMEVMMEV

$1.1600

24h: +0.11%
Market cap: $1.47M
Volume 24h: —
Volatility (ann.): 184%

Midas mAPOLLOMAPOLLO

$1.1300

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

MMEV 14.1%Share of the two combined market caps85.9% MAPOLLO

Performance

MMEVMAPOLLO

7 days+0.87%+0.00%MMEV
30 days+1.75%+0.90%MMEV

Correlation

-0.04over 30 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	MMEV	MAPOLLO
Max drawdown (400d)	-30.1%	0.0%
Risk-adjusted return (90d)	0.01	0.29

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

Midas mMEV →Midas mAPOLLO →