Midas mRe7BTC vs Midas Rockaway Market Neutral

Midas Rockaway Market Neutral (MROX) is 21.8× the size of Midas mRe7BTC (MRE7BTC) by market capitalisation. Over the past 30 days, MRE7BTC is ahead by 5.0 percentage points (MRE7BTC +5.9% against MROX +0.9%). Their daily returns move barely in opposite directions (correlation -0.22 across 29 shared trading days). MRE7BTC has been the more volatile of the two, at 44% annualised against MROX's 3%.

Correlation: -0.22
Size ratio: 1 : 21.8
Ahead over 30 days: MRE7BTC

Midas mRe7BTCMRE7BTC

$76,475

24h: -0.27%
Market cap: $595,926
Volume 24h: —
Volatility (ann.): 44%

Midas Rockaway Market NeutralMROX

$1.1600

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

MRE7BTC 4.4%Share of the two combined market caps95.6% MROX

Performance

MRE7BTCMROX

7 days-1.03%+0.00%MROX
30 days+5.89%+0.88%MRE7BTC

Correlation

-0.22over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2290d: 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	MRE7BTC	MROX
Max drawdown (400d)	-7.0%	0.0%
Risk-adjusted return (90d)	0.13	0.29

Relative strength over 90 days: MRE7BTC outperformed MROX by 4.7% — measured on the MRE7BTC/MROX ratio, so it holds regardless of market direction.

Midas mRe7BTC →Midas Rockaway Market Neutral →