Midas Magic (MISEX)

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

Midas Magic (MISEX) has returned -10.54% so far this year and 19.29% over the past 12 months. Looking at the last ten years, MISEX has achieved an annualized return of 13.74%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.

Based on dividend-adjusted daily data since Mar 20, 1986, MISEX's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, your investment would double in approximately 7.9 years.

Historically, 60% of months were positive and 40% were negative. The best month was Dec 1999 with a return of +23.5%, while the worst month was Aug 1998 at -24.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.

On a daily basis, MISEX closed higher 52% of trading days. The best single day was Dec 26, 1989 with a return of +19.2%, while the worst single day was Dec 27, 1989 at -16.2%.

Midas Magic has an annualized alpha of -0.89%, beta of 1.02, and R² of 0.64 versus S&P 500 Index. Calculated based on daily prices since March 21, 1986.

• This fund participated in 117.78% of S&P 500 Index downside but only 110.78% of its upside — more exposed to losses than it benefited from rallies.
• With beta of 1.02 and R² of 0.64, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

MISEX has a high expense ratio of 2.95%, indicating above-average management fees.

MISEX ranks 42 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

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

Midas Magic provided a 10.01% dividend yield over the last twelve months, with an annual payout of $3.69 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Midas Magic. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Midas Magic. 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 Magic was 71.80%, occurring on Mar 9, 2009. Recovery took 1430 trading sessions.

The current Midas Magic drawdown is 16.98%.

The chart below shows the rolling one-month volatility.