Midas mRe7YIELD vs Midas mTBILL

Midas mTBILL (MTBILL) is 9.0× the size of Midas mRe7YIELD (MRE7YIELD) by market capitalisation. Over the past 30 days, MTBILL is ahead by 5.3 percentage points (MRE7YIELD -4.8% against MTBILL +0.5%). Their daily returns move very closely in opposite directions (correlation -0.91 across 27 shared trading days). MRE7YIELD has been the more volatile of the two, at 17% annualised against MTBILL's 1%.

Correlation: -0.91
Size ratio: 1 : 9.0
Ahead over 30 days: MTBILL

Midas mRe7YIELDMRE7YIELD

$1.0840

24h: +0.00%
Market cap: $8.21M
Volume 24h: —
Volatility (ann.): 17%

Midas mTBILLMTBILL

$1.0770

24h: +0.00%
Market cap: $73.89M
Volume 24h: —
Volatility (ann.): 1%

MRE7YIELD 10.0%Share of the two combined market caps90.0% MTBILL

Performance

MRE7YIELDMTBILL

7 days-5.00%+0.09%MTBILL
30 days-4.82%+0.47%MTBILL

Correlation

-0.91over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.9190d: 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	MRE7YIELD	MTBILL
Max drawdown (400d)	-5.0%	0.0%
Risk-adjusted return (90d)	-0.29	0.93

Relative strength over 90 days: MTBILL outperformed MRE7YIELD by 5.4% — measured on the MRE7YIELD/MTBILL ratio, so it holds regardless of market direction.

Midas mRe7YIELD →Midas mTBILL →