- ISIN
- US59562C1099
- CUSIP
- 59562C109
- Issuer
- Midas
- Inception Date
- Jan 7, 1986
- Category
- Precious Metals
- 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
MIDSX Performance Chart
Midas Discovery (MIDSX) is down 11.2% since the beginning of the year. MIDSX is currently trading at $3 per share. Investors who bought $1,000 worth of MIDSX shares 5 years ago would now be looking at an investment worth $2,230.
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Compare this symbol against anything
Returns By Period
Midas Discovery (MIDSX) has returned -11.17% so far this year and 55.00% over the past 12 months. Over the last ten years, MIDSX has returned 7.25% per year, falling short of the S&P 500 Index benchmark, which averaged 13.29% annually.
Midas Discovery
- 1D
- -2.82%
- 1M
- -7.74%
- 6M
- -19.27%
- YTD
- -11.17%
- 1Y
- 55.00%
- 3Y*
- 40.40%
- 5Y*
- 17.40%
- 10Y*
- 7.25%
- ALL TIME*
- -0.97%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
MIDSX Monthly Returns History
Based on dividend-adjusted daily data since Nov 9, 1995, MIDSX's average daily return is +0.02%, while the average monthly return is +0.52%. At this rate, an investment would double in approximately 11.1 years.
Historically, 49% of months were positive and 51% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.46% | 24.42% | -19.63% | -2.57% | 0.53% | -15.75% | -3.43% | -11.17% | |||||
| 2025 | 16.95% | 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% |
| 2023 | 11.61% | -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 Discovery has an annualized alpha of 0.31%, beta of 0.52, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since November 09, 1995.
- This fund participated in 98.46% of S&P 500 Index downside but only 58.65% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.52 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
- 0.31%
- Beta
- 0.52
- R²
- 0.08
- Upside Capture
- 58.65%
- Downside Capture
- 98.46%
Expense Ratio
MIDSX has a high expense ratio of 4.25%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MIDSX ranks 32 for risk / return — above 32% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Midas Discovery (MIDSX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MIDSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.31 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 2.41 | -0.93 |
| Martin ratioReturn relative to average drawdown | 3.35 | 10.22 | -6.87 |
Dividends
Dividend History
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 Discovery. 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 Discovery was 89.77%, occurring on Jan 19, 2016. The portfolio has not yet recovered.
The current Midas Discovery drawdown is 48.87%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-89.77%Jan 2016 | 8y 2mo | — | 18y 9moNov 2007 - now | — |
-88.18%Nov 2000 | 4y 5mo | 6y 11mo | 11y 5moJun 1996 - Oct 2007 | Dot-com crash2000–2002 |
-9.42%Dec 1995 | 16d | 12d | 28dDec 1995 - Jan 1996 | — |
-6.87%Feb 1996 | 14d | 1mo 5d | 1mo 19dFeb 1996 - Mar 1996 | — |
-3.51%Jan 1996 | 5d | 6d | 11dJan 1996 - Jan 1996 | — |
Drawdown Indicators
| MIDSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.77% | -56.78% | -32.99% |
Max Drawdown (1Y)Largest decline over 1 year | -39.43% | -9.10% | -30.33% |
Max Drawdown (3Y)Largest decline over 3 years | -39.43% | -18.90% | -20.53% |
Max Drawdown (5Y)Largest decline over 5 years | -43.33% | -25.43% | -17.90% |
Max Drawdown (10Y)Largest decline over 10 years | -57.07% | -33.92% | -23.15% |
Current DrawdownCurrent decline from peak | -48.87% | -0.12% | -48.75% |
Average DrawdownAverage peak-to-trough decline | -63.42% | -10.70% | -52.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.42% | 2.14% | +15.28% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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