Midas Rockaway Market Neutral vs Midas mRe7YIELD

Midas Rockaway Market Neutral (MROX) is 1.6× the size of Midas mRe7YIELD (MRE7YIELD) by market capitalisation. Over the past 30 days, MROX is ahead by 5.7 percentage points (MROX +0.9% against MRE7YIELD -4.8%). Their daily returns move barely in opposite directions (correlation -0.05 across 31 shared trading days). MRE7YIELD has been the more volatile of the two, at 17% annualised against MROX's 3%.

Correlation: -0.05
Size ratio: 1.6×
Ahead over 30 days: MROX

Midas Rockaway Market NeutralMROX

$1.1600

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

Midas mRe7YIELDMRE7YIELD

$1.0840

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

MROX 61.3%Share of the two combined market caps38.7% MRE7YIELD

Performance

MROXMRE7YIELD

7 days+0.00%-5.00%MROX
30 days+0.88%-4.82%MROX

Correlation

-0.05over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0590d: 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	MROX	MRE7YIELD
Max drawdown (400d)	0.0%	-5.0%
Risk-adjusted return (90d)	0.29	-0.29

Relative strength over 90 days: MROX outperformed MRE7YIELD by 0.7% — measured on the MROX/MRE7YIELD ratio, so it holds regardless of market direction.

Midas Rockaway Market Neutral →Midas mRe7YIELD →