Midas mRe7YIELD vs Steakhouse Confidential Prime USDC

Steakhouse Confidential Prime USDC (STEAKCUSDC) is 3.3× the size of Midas mRe7YIELD (MRE7YIELD) by market capitalisation. Over the past 30 days, STEAKCUSDC is ahead by 5.7 percentage points (MRE7YIELD -4.8% against STEAKCUSDC +0.9%). Their daily returns move closely in opposite directions (correlation -0.65 across 31 shared trading days). MRE7YIELD has been the more volatile of the two, at 17% annualised against STEAKCUSDC's 2%.

Correlation: -0.65
Size ratio: 1 : 3.3
Ahead over 30 days: STEAKCUSDC

Midas mRe7YIELDMRE7YIELD

$1.0840

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

Steakhouse Confidential Prime USDCSTEAKCUSDC

$1.0290

24h: +0.02%
Market cap: $26.76M
Volume 24h: —
Volatility (ann.): 2%

MRE7YIELD 23.5%Share of the two combined market caps76.5% STEAKCUSDC

Performance

MRE7YIELDSTEAKCUSDC

7 days-5.00%+0.10%STEAKCUSDC
30 days-4.82%+0.88%STEAKCUSDC

Correlation

-0.65over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.6590d: 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	STEAKCUSDC
Max drawdown (400d)	-5.0%	-0.2%
Risk-adjusted return (90d)	-0.29	0.62

Relative strength over 90 days: STEAKCUSDC outperformed MRE7YIELD by 5.9% — measured on the MRE7YIELD/STEAKCUSDC ratio, so it holds regardless of market direction.

Midas mRe7YIELD →Steakhouse Confidential Prime USDC →