Midas mMEV vs Midas Rockaway Market Neutral

Midas Rockaway Market Neutral (MROX) is 8.8× 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 MROX +0.9%). Their daily returns move very closely together (correlation 1.00 across 30 shared trading days). MMEV has been the more volatile of the two, at 184% annualised against MROX's 3%.

Correlation: 1.00
Size ratio: 1 : 8.8
Ahead over 30 days: MMEV

Midas mMEVMMEV

$1.1600

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

Midas Rockaway Market NeutralMROX

$1.1600

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

MMEV 10.2%Share of the two combined market caps89.8% MROX

Performance

MMEVMROX

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

Correlation

1.00over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 1.0090d: 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	MROX
Max drawdown (400d)	-30.1%	0.0%
Risk-adjusted return (90d)	0.01	0.29

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

Midas mMEV →Midas Rockaway Market Neutral →