GAU vs. EMX

Last updated Jun 5, 2026

GAU (Galiano Gold Inc.) and EMX (EMX Royalty Corporation) are both stocks. Both are in the Basic Materials sector — GAU in Gold, EMX in Other Industrial Metals & Mining. At a 0.27 correlation, their price movements are largely independent.

Performance

GAU vs. EMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Galiano Gold Inc. (GAU) and EMX Royalty Corporation (EMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GAU

• 1D: 3.72%
• 1M: -2.19%
• YTD: -11.86%
• 6M: -5.11%
• 1Y: 48.67%
• 3Y*: 58.50%
• 5Y*: 11.57%
• 10Y*: -5.41%

EMX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GAU vs. EMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GAU Galiano Gold Inc.	-11.86%	105.69%	30.86%	80.75%	-25.69%	-38.07%	18.95%	48.76%	-9.56%	-76.92%
EMX EMX Royalty Corporation	0.00%	140.46%	6.79%	-14.29%	-16.74%	-32.24%	104.07%	45.27%	35.95%	-20.08%

Correlation

The correlation between GAU and EMX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jan 3, 2008	0.27

The correlation between GAU and EMX shifts across timeframes, from 0.23 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap GAU : $601.50M EMX : $454.57M
EPS GAU : $0.11 EMX : $0.04
PE Ratio GAU : 19.72 EMX : 94.44
PEG Ratio GAU : 0.13 EMX : 21.38
PS Ratio GAU : 1.41 EMX : 17.07
PB Ratio GAU : 2.36 EMX : 3.92
Total Revenue (TTM) GAU : $416.07M EMX : $26.63M
Gross Profit (TTM) GAU : $162.16M EMX : $10.56M
EBITDA (TTM) GAU : $139.17M EMX : $18.42M

Return for Risk

GAU vs. EMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GAU

GAU Risk / Return Rank: 63
GAU Sharpe Ratio Rank: 64
GAU Sortino Ratio Rank: 62
GAU Omega Ratio Rank: 62
GAU Calmar Ratio Rank: 65
GAU Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GAU vs. EMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Galiano Gold Inc. (GAU) and EMX Royalty Corporation (EMX). 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.

	GAU	EMX	Difference
Sharpe ratio: Return per unit of total volatility	0.68	—	—
Sortino ratio: Return per unit of downside risk	1.33	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.23	—	—
Martin ratio: Return relative to average drawdown	2.48	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GAU	EMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.68	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	—	—

Drawdowns

Drawdown Indicators

	GAU	EMX	Difference
Max Drawdown Largest peak-to-trough decline	-96.20%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-39.78%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-47.45%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-72.09%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-92.21%	—	—
Current Drawdown Current decline from peak	-76.45%	—	—
Average Drawdown Average peak-to-trough decline	-71.28%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	19.70%	—	—

Volatility

Volatility by Period

	GAU	EMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	50.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	71.83%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.14%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.13%	—	—

Dividends

GAU vs. EMX - Dividend Comparison

Neither GAU nor EMX has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

GAU vs. EMX - Profitability Comparison

The chart below illustrates the profitability comparison between Galiano Gold Inc. and EMX Royalty Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GAU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Galiano Gold Inc. reported a gross profit of 91.51M and revenue of 164.22M. Therefore, the gross margin over that period was 55.7%.

EMX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, EMX Royalty Corporation reported a gross profit of 2.53M and revenue of 5.77M. Therefore, the gross margin over that period was 43.8%.

GAU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Galiano Gold Inc. reported an operating income of 86.14M and revenue of 164.22M, resulting in an operating margin of 52.5%.

EMX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, EMX Royalty Corporation reported an operating income of 975.00K and revenue of 5.77M, resulting in an operating margin of 16.9%.

GAU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Galiano Gold Inc. reported a net income of 32.24M and revenue of 164.22M, resulting in a net margin of 19.6%.

EMX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, EMX Royalty Corporation reported a net income of 642.00K and revenue of 5.77M, resulting in a net margin of 11.1%.

Frequently Asked Questions

Can I hold both GAU and EMX in my portfolio?

GAU and EMX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.