Midas The Minotaur vs SPX6900

SPX6900 (SPX) is 3350.0× the size of Midas The Minotaur (MIDAS) by market capitalisation. Over the past 30 days, SPX is ahead by 42.8 percentage points (MIDAS -65.3% against SPX -22.5%). Their daily returns move barely together (correlation 0.17 across 23 shared trading days). MIDAS has been the more volatile of the two, at 151% annualised against SPX's 112%.

Correlation: 0.17
Size ratio: 1 : 3350.0
Ahead over 30 days: SPX

Midas The MinotaurMIDAS

$1.186e-5

24h: +6.78%
Market cap: $105,467
Volume 24h: $84
Volatility (ann.): 151%

SPX6900SPX

$0.379505

24h: +1.48%
Market cap: $353.31M
Volume 24h: $7.71M
Volatility (ann.): 112%

MIDAS 0.0%Share of the two combined market caps100.0% SPX

Performance

MIDASSPX

7 days+1.64%-5.36%MIDAS
30 days-65.31%-22.50%SPX

Correlation

0.17over 23 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	MIDAS	SPX
Max drawdown (400d)	-68.5%	-42.9%
Risk-adjusted return (90d)	-0.43	0.16

Relative strength over 90 days: SPX outperformed MIDAS by 63.2% — measured on the MIDAS/SPX ratio, so it holds regardless of market direction.

Midas The Minotaur →SPX6900 →