- ISIN
- US59563P1093
- CUSIP
- 59563P109
- Issuer
- Midas
- Inception Date
- Mar 20, 1986
- Category
- Large Cap Blend Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MISEX Performance Chart
Midas Magic (MISEX) is up 12.8% since the beginning of the year. MISEX is currently trading at $46 per share. Investors who bought $1,000 worth of MISEX shares 5 years ago would now be looking at an investment worth $2,072.
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Returns By Period
Midas Magic (MISEX) has returned 12.80% so far this year and 46.62% over the past 12 months. Looking at the last ten years, MISEX has achieved an annualized return of 16.50%, outperforming the S&P 500 Index benchmark, which averaged 13.66% per year.
Midas Magic
- 1D
- -0.09%
- 1M
- 3.85%
- YTD
- 12.80%
- 6M
- 12.07%
- 1Y
- 46.62%
- 3Y*
- 29.99%
- 5Y*
- 15.69%
- 10Y*
- 16.50%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
MISEX Monthly Returns History
Based on dividend-adjusted daily data since Mar 20, 1986, MISEX's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.56% | -4.67% | -7.70% | 17.29% | 3.64% | -0.09% | 12.80% | ||||||
| 2025 | 7.97% | -4.80% | -5.27% | -0.57% | 4.13% | 1.47% | 3.14% | 8.05% | 6.28% | 2.80% | 5.12% | -0.83% | 29.83% |
| 2024 | 2.55% | 5.82% | 7.09% | -3.99% | 2.13% | 1.80% | 2.57% | -0.18% | 1.09% | -1.35% | 5.95% | 0.87% | 26.58% |
| 2023 | 8.97% | -4.59% | 0.54% | 3.66% | -0.22% | 6.52% | 6.00% | -0.15% | -3.41% | -5.83% | 11.12% | 7.70% | 32.71% |
| 2022 | -4.76% | -1.61% | 1.74% | -9.81% | 1.07% | -10.53% | 10.67% | -6.84% | -12.86% | 10.76% | 6.59% | -7.00% | -23.29% |
| 2021 | 1.32% | 9.07% | 5.21% | 6.24% | 1.39% | -1.37% | 4.70% | 1.73% | -4.31% | 6.78% | -3.70% | 6.81% | 38.28% |
Benchmark Metrics
Midas Magic has an annualized alpha of -0.77%, 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 111.15% 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.
- Alpha
- -0.77%
- Beta
- 1.02
- R²
- 0.64
- Upside Capture
- 111.15%
- Downside Capture
- 117.78%
Expense Ratio
MISEX has a high expense ratio of 2.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MISEX ranks 62 for risk / return — better than 62% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Midas Magic (MISEX) and compare them to S&P 500 Index.
| MISEX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.52 | 2.24 | +0.28 |
Sortino ratioReturn per unit of downside risk | 3.55 | 3.07 | +0.48 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.41 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.68 | 2.93 | -0.25 |
Martin ratioReturn relative to average drawdown | 10.32 | 13.52 | -3.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Midas Magic provided a 7.94% 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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.69 | $3.69 | $0.70 | $0.60 | $1.12 | $2.05 | $0.64 | $0.96 | $0.72 | $0.53 | $3.97 | $4.17 |
Dividend yield | 7.94% | 8.95% | 2.03% | 2.17% | 5.23% | 6.96% | 2.81% | 4.69% | 4.49% | 2.79% | 23.93% | 23.05% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.69 | $3.69 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 | $0.70 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.60 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.12 | $1.12 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.05 | $2.05 |
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 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 0.58%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -71.80%Mar 2009 | 8y 11mo | 5y 8mo | 14y 7moMar 2000 - Nov 2014 |
1991 bear market1991 | -54.38%Jan 1991 | 6mo 25d | 2y 6mo | 3y 1moJun 1990 - Aug 1993 |
COVID crash2020 | -43.11%Mar 2020 | 1mo 1d | 5mo 13d | 6mo 14dFeb 2020 - Sep 2020 |
1998 bear market1998 | -43.08%Oct 1998 | 5mo 19d | 1y 2mo | 1y 8moApr 1998 - Dec 1999 |
Bear market2022 | -31.37%Sep 2022 | 10mo 17d | 1y 2mo | 2y 1moNov 2021 - Dec 2023 |
Drawdown Indicators
| MISEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.80% | -56.78% | -15.02% |
Max Drawdown (1Y)Largest decline over 1 year | -16.98% | -9.10% | -7.88% |
Max Drawdown (3Y)Largest decline over 3 years | -20.02% | -18.90% | -1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -31.37% | -25.43% | -5.94% |
Max Drawdown (10Y)Largest decline over 10 years | -43.11% | -33.92% | -9.19% |
Current DrawdownCurrent decline from peak | -0.58% | -0.74% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -21.42% | -10.72% | -10.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.40% | 1.97% | +2.43% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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