Midas mMEV vs Midas mHYPER

Midas mHYPER (MHYPER) is 21.1× 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 MHYPER +0.9%). Their daily returns move loosely in opposite directions (correlation -0.42 across 30 shared trading days). MMEV has been the more volatile of the two, at 184% annualised against MHYPER's 3%.

Correlation: -0.42
Size ratio: 1 : 21.1
Ahead over 30 days: MMEV

Midas mMEVMMEV

$1.1600

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

Midas mHYPERMHYPER

$1.1400

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

MMEV 4.5%Share of the two combined market caps95.5% MHYPER

Performance

MMEVMHYPER

7 days+0.87%+0.00%MMEV
30 days+1.75%+0.88%MMEV

Correlation

-0.42over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4290d: 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	MHYPER
Max drawdown (400d)	-30.1%	0.0%
Risk-adjusted return (90d)	0.01	0.53

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

Midas mMEV →Midas mHYPER →