Midas mTBILL vs Circle USYC

Circle USYC (USYC) is 30.5× the size of Midas mTBILL (MTBILL) by market capitalisation. Over the past 30 days, MTBILL is ahead by 0.5 percentage points (MTBILL +0.5% against USYC +0.0%). Their daily returns move barely in opposite directions (correlation -0.05 across 53 shared trading days). USYC has been the more volatile of the two, at 2% annualised against MTBILL's 1%.

Correlation: -0.05
Size ratio: 1 : 30.5
Ahead over 30 days: MTBILL

Midas mTBILLMTBILL

$1.0770

24h: +0.04%
Market cap: $73.48M
Volume 24h: —
Volatility (ann.): 1%

Circle USYCUSYC

$1.1400

24h: +0.01%
Market cap: $2.24B
Volume 24h: —
Volatility (ann.): 2%

MTBILL 3.2%Share of the two combined market caps96.8% USYC

Performance

MTBILLUSYC

7 days+0.00%+0.00%MTBILL
30 days+0.47%+0.00%MTBILL

Correlation

-0.05over 53 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	MTBILL	USYC
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	0.95	0.39

Relative strength over 90 days: USYC outperformed MTBILL by 0.2% — measured on the MTBILL/USYC ratio, so it holds regardless of market direction.

Midas mTBILL →Circle USYC →