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Midas Fund (MIDSX)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Fund Info

ISIN
US59562C1099
CUSIP
59562C109
Issuer
Midas
Inception Date
Jan 7, 1986
Min. Investment
$1,000
Distribution Policy
Accumulating
Asset Class
Commodity
Asset Class Size
Mid-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Midas Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Midas Fund (MIDSX) has returned 3.72% so far this year and 115.48% over the past 12 months. Looking at the last ten years, MIDSX has achieved an annualized return of 13.28%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.


Midas Fund

1D
-0.28%
1M
-25.21%
YTD
3.72%
6M
23.13%
1Y
115.48%
3Y*
44.09%
5Y*
22.92%
10Y*
13.28%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Nov 9, 1995, MIDSX's average daily return is +0.02%, while the average monthly return is +0.57%. At this rate, your investment would double in approximately 10.2 years.

Historically, 50% of months were positive and 50% were negative. The best month was Dec 2008 with a return of +44.6%, while the worst month was Oct 2008 at -46.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 9 months.

On a daily basis, MIDSX closed higher 42% of trading days. The best single day was Nov 21, 2008 with a return of +20.5%, while the worst single day was Oct 22, 2008 at -16.4%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202611.46%24.42%-25.21%3.72%
202516.95%3.62%17.48%11.90%9.04%1.95%-6.22%25.51%19.51%-3.40%16.55%5.44%195.76%
2024-10.91%-11.22%21.84%3.77%8.18%-9.24%12.96%5.74%5.43%5.15%-7.69%-10.61%7.27%
202311.61%-14.40%13.08%3.31%-6.40%-4.27%3.57%-7.76%-10.28%4.17%10.00%0.00%-1.79%
2022-11.11%15.18%8.53%-6.43%-6.87%-13.93%-0.95%-9.62%0.00%-0.00%17.02%1.82%-11.11%
2021-7.05%-13.10%2.38%10.85%13.99%-17.18%2.96%-5.76%-10.69%8.55%-1.57%0.80%-19.23%

Benchmark Metrics

Midas Fund has an annualized alpha of 1.09%, beta of 0.51, and R² of 0.08 versus S&P 500 Index. Calculated based on daily prices since November 10, 1995.

  • This fund participated in 96.15% of S&P 500 Index downside but only 60.33% of its upside — more exposed to losses than it benefited from rallies.
  • Beta of 0.51 may look defensive, but with R² of 0.08 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
  • R² of 0.08 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
1.09%
Beta
0.51
0.08
Upside Capture
60.33%
Downside Capture
96.15%

Expense Ratio

MIDSX has a high expense ratio of 4.25%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

MIDSX ranks 94 for risk / return — in the top 94% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


MIDSX Risk / Return Rank: 9494
Overall Rank
MIDSX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
MIDSX Sortino Ratio Rank: 9292
Sortino Ratio Rank
MIDSX Omega Ratio Rank: 9191
Omega Ratio Rank
MIDSX Calmar Ratio Rank: 9797
Calmar Ratio Rank
MIDSX Martin Ratio Rank: 9696
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Midas Fund (MIDSX) and compare them to a chosen benchmark (S&P 500 Index).


MIDSXBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

2.65

0.90

+1.76

Sortino ratio

Return per unit of downside risk

2.73

1.39

+1.34

Omega ratio

Gain probability vs. loss probability

1.42

1.21

+0.21

Calmar ratio

Return relative to maximum drawdown

3.91

1.40

+2.51

Martin ratio

Return relative to average drawdown

14.42

6.61

+7.82

Explore MIDSX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History


Midas Fund doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Midas Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Midas Fund was 89.77%, occurring on Jan 19, 2016. The portfolio has not yet recovered.

The current Midas Fund drawdown is 40.30%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-89.77%Nov 7, 20072092Jan 19, 2016
-88.18%Jun 4, 19961129Nov 20, 20001754Oct 31, 20072883
-9.42%Dec 11, 199512Dec 27, 19957Jan 8, 199619
-6.87%Feb 6, 199610Feb 20, 199625Mar 26, 199635
-3.51%Jan 11, 19964Jan 16, 19964Jan 22, 19968

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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