EPM vs. HGBL
EPM (Evolution Petroleum Corporation) and HGBL (Heritage Global Inc.) are both stocks. EPM operates in Oil & Gas E&P (Energy), while HGBL operates in Capital Markets (Financial Services). Over the past 10 years, EPM returned 3.10%/yr vs 17.56%/yr for HGBL. Their 0.07 correlation means their historical movements had little consistent relationship.
Performance
EPM vs. HGBL - Performance Comparison
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Returns By Period
In the year-to-date period, EPM achieves a 9.85% return, which is significantly higher than HGBL's -6.45% return. Over the past 10 years, EPM has underperformed HGBL with an annualized return of 3.10%, while HGBL has yielded a comparatively higher 17.56% annualized return.
EPM
- 1D
- 0.82%
- 1M
- 0.82%
- 6M
- -1.30%
- YTD
- 9.85%
- 1Y
- -11.85%
- 3Y*
- -19.58%
- 5Y*
- 5.47%
- 10Y*
- 3.10%
- ALL TIME*
- -19.05%
HGBL
- 1D
- 0.00%
- 1M
- -4.92%
- 6M
- -15.33%
- YTD
- -6.45%
- 1Y
- -46.54%
- 3Y*
- -32.07%
- 5Y*
- -10.59%
- 10Y*
- 17.56%
- ALL TIME*
- 16.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.27M | $1.20M | $1.46M | |
| $88.19K | $76.96K | $103.51K |
EPM vs. HGBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EPM Evolution Petroleum Corporation | 9.85% | -25.17% | -2.04% | -17.30% | 58.73% | 86.00% | -44.78% | -14.47% | 4.19% | -28.70% |
HGBL Heritage Global Inc. | -6.45% | -32.97% | -33.45% | 18.30% | 25.67% | -29.70% | 171.43% | 115.64% | 22.83% | -21.28% |
Correlation
The correlation between EPM and HGBL is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.07 |
Fundamentals
EPM:
$131.82M
HGBL:
$40.30M
EPM:
-$0.11
HGBL:
$0.09
EPM:
1.50
HGBL:
0.81
EPM:
2.14
HGBL:
0.60
EPM:
$83.24M
HGBL:
$50.24M
EPM:
$3.92M
HGBL:
$51.32M
EPM:
$2.18M
HGBL:
$6.42M
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Return for Risk
EPM vs. HGBL — Risk / Return Rank
EPM
HGBL
EPM vs. HGBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolution Petroleum Corporation (EPM) and Heritage Global Inc. (HGBL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| EPM | HGBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.79 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | -0.99 | +0.59 |
| Martin ratioReturn relative to average drawdown | -0.81 | -1.27 | +0.45 |
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Drawdowns
EPM vs. HGBL - Drawdown Comparison
The maximum EPM drawdown since its inception was -99.99%, which is greater than HGBL's maximum drawdown of -74.19%. Use the drawdown chart below to compare losses from any high point for EPM and HGBL.
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Drawdown Indicators
| EPM | HGBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -74.19% | -25.80% |
Max Drawdown (1Y)Largest decline over 1 year | -38.29% | -46.79% | +8.50% |
Max Drawdown (3Y)Largest decline over 3 years | -58.87% | -68.98% | +10.11% |
Max Drawdown (5Y)Largest decline over 5 years | -59.45% | -71.22% | +11.77% |
Max Drawdown (10Y)Largest decline over 10 years | -80.49% | -74.19% | -6.30% |
Current DrawdownCurrent decline from peak | -99.87% | -71.22% | -28.65% |
Average DrawdownAverage peak-to-trough decline | -96.49% | -37.65% | -58.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.67% | 36.42% | -17.75% |
Volatility
EPM vs. HGBL - Volatility Comparison
Evolution Petroleum Corporation (EPM) has a higher volatility of 12.09% compared to Heritage Global Inc. (HGBL) at 9.08%. This indicates that EPM's price experiences larger fluctuations and is considered to be riskier than HGBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EPM | HGBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.09% | 9.08% | +3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 30.91% | 25.27% | +5.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.40% | 39.49% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.33% | 48.84% | -3.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.05% | 83.09% | -33.04% |
Dividends
EPM vs. HGBL - Dividend Comparison
EPM's dividend yield for the trailing twelve months is around 13.04%, while HGBL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPM Evolution Petroleum Corporation | 13.04% | 13.56% | 9.18% | 8.26% | 5.83% | 4.55% | 6.14% | 7.31% | 5.87% | 4.23% | 2.15% | 4.16% |
HGBL Heritage Global Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
EPM vs. HGBL - Financials Comparison
This section allows you to compare key financial metrics between Evolution Petroleum Corporation and Heritage Global Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
EPM vs. HGBL - Profitability Comparison
EPM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Evolution Petroleum Corporation reported a gross profit of -11.45M and revenue of 20.17M. Therefore, the gross margin over that period was -56.8%.
HGBL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Heritage Global Inc. reported a gross profit of 11.67M and revenue of 12.73M. Therefore, the gross margin over that period was 91.7%.
EPM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Evolution Petroleum Corporation reported an operating income of -558.00K and revenue of 20.17M, resulting in an operating margin of -2.8%.
HGBL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Heritage Global Inc. reported an operating income of 1.01M and revenue of 12.73M, resulting in an operating margin of 7.9%.
EPM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Evolution Petroleum Corporation reported a net income of -8.93M and revenue of 20.17M, resulting in a net margin of -44.3%.
HGBL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Heritage Global Inc. reported a net income of 717.00K and revenue of 12.73M, resulting in a net margin of 5.6%.
Frequently Asked Questions
EPM and HGBL have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EPM has higher volatility (12.09%) compared to HGBL (9.08%). In terms of maximum drawdown, EPM dropped -99.99% vs HGBL's -74.19%.
EPM currently has the higher Sharpe Ratio (-0.39 vs -1.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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