- 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 Special Opportunities (MISEX) is up 13.2% since the beginning of the year. MISEX is currently trading at $47 per share. Investors who bought $1,000 worth of MISEX shares 5 years ago would now be looking at an investment worth $2,025.
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Returns By Period
Midas Special Opportunities (MISEX) has returned 13.17% so far this year and 40.11% over the past 12 months. Looking at the last ten years, MISEX has achieved an annualized return of 16.10%, outperforming the S&P 500 Index benchmark, which averaged 13.26% per year.
Midas Special Opportunities
- 1D
- 2.71%
- 1M
- -2.63%
- 6M
- 7.20%
- YTD
- 13.17%
- 1Y
- 40.11%
- 3Y*
- 26.44%
- 5Y*
- 15.15%
- 10Y*
- 16.10%
- ALL TIME*
- 7.24%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
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% | 4.11% | -3.72% | 13.17% | |||||
| 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 Special Opportunities has an annualized alpha of -0.72%, beta of 1.02, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since March 20, 1986.
- This fund participated in 117.55% 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
- -0.72%
- Beta
- 1.02
- R²
- 0.64
- Upside Capture
- 111.15%
- Downside Capture
- 117.55%
Expense Ratio
MISEX has a high expense ratio of 2.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MISEX ranks 69 for risk / return — above 69% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Midas Special Opportunities (MISEX) 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.
| MISEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.25 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 2.00 | +0.19 |
| Martin ratioReturn relative to average drawdown | 8.18 | 8.49 | -0.32 |
Dividends
Dividend History
Midas Special Opportunities provided a 7.91% 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 | 7.91% | 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 Special Opportunities. 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 | $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 Special Opportunities. 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 Special Opportunities was 71.80%, occurring on Mar 9, 2009. Recovery took 1430 trading sessions.
The current Midas Special Opportunities drawdown is 3.72%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-71.80%Mar 2009 | 8y 11mo | 5y 8mo | 14y 7moMar 2000 - Nov 2014 | Financial crisis2007–2009 |
-54.38%Jan 1991 | 6mo 25d | 2y 6mo | 3y 1moJun 1990 - Aug 1993 | — |
-43.11%Mar 2020 | 1mo 1d | 5mo 13d | 6mo 14dFeb 2020 - Sep 2020 | COVID crash2020 |
-43.08%Oct 1998 | 5mo 19d | 1y 2mo | 1y 8moApr 1998 - Dec 1999 | — |
-31.37%Sep 2022 | 10mo 17d | 1y 2mo | 2y 1moNov 2021 - Dec 2023 | Bear market2022 |
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 | -3.72% | -1.58% | -2.14% |
Average DrawdownAverage peak-to-trough decline | -21.34% | -10.70% | -10.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | 2.14% | +2.40% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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