Midas Magic (MISEX)
In pursuit of its investment objective, the fund may invest in any security type (e.g., common and preferred stocks, bonds, convertible securities, etc.) and in any industry sector, in domestic or foreign companies, and in companies of any size. Generally, the investment manager seeks to invest in what it believes to be quality companies with unique combinations of strength in operations, products, and finances with either growth or value characteristics. It is non-diversified.
Fund Info
US59563P1093
59563P109
Mar 20, 1986
$1,000
Large-Cap
Blend
Expense Ratio
MISEX has a high expense ratio of 2.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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.
Returns By Period
Midas Magic had a return of 5.27% year-to-date (YTD) and 23.28% in the last 12 months. Over the past 10 years, Midas Magic had an annualized return of 4.53%, while the S&P 500 had an annualized return of 11.26%, indicating that Midas Magic did not perform as well as the benchmark.
MISEX
5.27%
0.11%
12.30%
23.28%
11.42%
4.53%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of MISEX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 7.97% | 5.27% | |||||||||||
| 2024 | 2.55% | 5.82% | 7.09% | -3.99% | 2.13% | 1.80% | 2.57% | -0.18% | 1.09% | -1.35% | 5.95% | -1.12% | 24.09% |
| 2023 | 8.97% | -4.59% | 0.54% | 3.66% | -0.22% | 6.52% | 6.00% | -0.15% | -3.41% | -5.83% | 11.12% | 5.42% | 29.89% |
| 2022 | -4.76% | -1.61% | 1.74% | -9.81% | 1.07% | -10.53% | 10.67% | -6.84% | -12.86% | 10.76% | 6.59% | -11.71% | -27.18% |
| 2021 | 1.32% | 9.07% | 5.21% | 6.24% | 1.39% | -1.37% | 4.70% | 1.73% | -4.31% | 6.78% | -3.70% | -0.14% | 29.29% |
| 2020 | -1.12% | -8.46% | -21.16% | 14.92% | 8.06% | 0.93% | 5.71% | 8.02% | -5.38% | -1.61% | 14.93% | 1.16% | 10.55% |
| 2019 | 10.85% | 3.02% | 0.38% | 7.68% | -9.99% | 7.87% | 1.71% | -2.64% | 1.67% | 2.98% | 3.54% | -0.87% | 27.53% |
| 2018 | 6.05% | -4.51% | -3.43% | -1.77% | 1.70% | 1.83% | 3.86% | 3.72% | -0.88% | -9.11% | 2.78% | -14.52% | -15.19% |
| 2017 | 0.30% | 1.74% | -0.18% | 0.89% | -0.53% | 1.36% | 0.17% | -0.41% | 3.21% | 3.56% | 4.91% | -1.04% | 14.72% |
| 2016 | -6.96% | 2.49% | 7.01% | -0.11% | -0.27% | -1.14% | 5.66% | 1.30% | -1.18% | -0.62% | 5.23% | -17.59% | -8.40% |
| 2015 | -4.38% | 7.12% | -2.58% | 1.04% | 1.12% | -2.64% | 2.14% | -6.50% | -3.30% | 8.42% | 0.44% | -21.34% | -21.48% |
| 2014 | -5.38% | 3.95% | -0.00% | 0.21% | 1.08% | -0.33% | -1.95% | 3.63% | -0.90% | 1.23% | 2.44% | -8.64% | -5.26% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 79, MISEX is among the top 21% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Midas Magic (MISEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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.
Worst Drawdowns
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 76.03%, occurring on Mar 9, 2009. Recovery took 3181 trading sessions.
The current Midas Magic drawdown is 3.04%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -76.03% | Oct 18, 1993 | 3876 | Mar 9, 2009 | 3181 | Nov 4, 2021 | 7057 |
| -54.38% | Jun 18, 1990 | 143 | Jan 9, 1991 | 650 | Aug 4, 1993 | 793 |
| -35.83% | Nov 17, 2021 | 219 | Sep 30, 2022 | 368 | Mar 21, 2024 | 587 |
| -28.83% | Apr 6, 1987 | 170 | Dec 4, 1987 | 339 | Apr 7, 1989 | 509 |
| -27.58% | Dec 11, 1989 | 34 | Jan 30, 1990 | 78 | May 21, 1990 | 112 |
Volatility
Volatility Chart
The current Midas Magic volatility is 4.02%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.