GAU vs. GROY
GAU (Galiano Gold Inc.) and GROY (Gold Royalty Corp.) are both stocks. Both are in the Basic Materials sector — GAU in Gold, GROY in Other Precious Metals & Mining. Over the past 5 years, GAU returned 11.57%/yr vs -8.14%/yr for GROY. At a 0.45 correlation, their price movements are largely independent.
Performance
GAU vs. GROY - Performance Comparison
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Returns By Period
In the year-to-date period, GAU achieves a -11.86% return, which is significantly higher than GROY's -23.02% return.
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%
GROY
- 1D
- 0.65%
- 1M
- -9.59%
- YTD
- -23.02%
- 6M
- -29.00%
- 1Y
- 60.31%
- 3Y*
- 16.85%
- 5Y*
- -8.14%
- 10Y*
- —
GAU vs. GROY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GAU Galiano Gold Inc. | -11.86% | 105.69% | 30.86% | 80.75% | -25.69% | -33.98% |
GROY Gold Royalty Corp. | -23.02% | 233.88% | -17.69% | -36.27% | -51.98% | 37.43% |
Correlation
The correlation between GAU and GROY is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2021 | 0.45 |
The correlation between GAU and GROY shifts across timeframes, from 0.45 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
GAU:
$601.50M
GROY:
$749.36M
GAU:
$0.11
GROY:
-$0.01
GAU:
1.41
GROY:
31.93
GAU:
2.36
GROY:
1.04
GAU:
$416.07M
GROY:
$19.65M
GAU:
$162.16M
GROY:
$14.42M
GAU:
$139.17M
GROY:
$9.22M
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Return for Risk
GAU vs. GROY — Risk / Return Rank
GAU
GROY
GAU vs. GROY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Galiano Gold Inc. (GAU) and Gold Royalty Corp. (GROY). 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 | GROY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.49 | -0.26 |
| Martin ratioReturn relative to average drawdown | 2.48 | 3.37 | -0.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GAU | GROY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 1.08 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | -0.14 | +0.33 |
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 | -0.04 | -0.01 |
Drawdowns
GAU vs. GROY - Drawdown Comparison
The maximum GAU drawdown since its inception was -96.20%, which is greater than GROY's maximum drawdown of -82.01%. Use the drawdown chart below to compare losses from any high point for GAU and GROY.
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Drawdown Indicators
| GAU | GROY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.20% | -82.01% | -14.19% |
Max Drawdown (1Y)Largest decline over 1 year | -39.78% | -40.69% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -47.45% | -45.58% | -1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -72.09% | -82.01% | +9.92% |
Max Drawdown (10Y)Largest decline over 10 years | -92.21% | — | — |
Current DrawdownCurrent decline from peak | -76.45% | -52.17% | -24.28% |
Average DrawdownAverage peak-to-trough decline | -71.28% | -55.83% | -15.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.70% | 17.94% | +1.76% |
Volatility
GAU vs. GROY - Volatility Comparison
Galiano Gold Inc. (GAU) has a higher volatility of 18.23% compared to Gold Royalty Corp. (GROY) at 14.06%. This indicates that GAU's price experiences larger fluctuations and is considered to be riskier than GROY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAU | GROY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.23% | 14.06% | +4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 50.44% | 37.83% | +12.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.83% | 56.14% | +15.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.14% | 58.56% | +3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.13% | 59.53% | +5.60% |
Dividends
GAU vs. GROY - Dividend Comparison
Neither GAU nor GROY has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GAU Galiano Gold Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GROY Gold Royalty Corp. | 0.00% | 0.00% | 0.00% | 1.36% | 1.72% |
Financials
GAU vs. GROY - Financials Comparison
This section allows you to compare key financial metrics between Galiano Gold Inc. and Gold Royalty Corp.. 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
GAU vs. GROY - Profitability Comparison
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%.
GROY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Gold Royalty Corp. reported a gross profit of 5.48M and revenue of 7.18M. Therefore, the gross margin over that period was 76.3%.
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%.
GROY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Gold Royalty Corp. reported an operating income of 2.64M and revenue of 7.18M, resulting in an operating margin of 36.7%.
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%.
GROY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Gold Royalty Corp. reported a net income of 1.77M and revenue of 7.18M, resulting in a net margin of 24.7%.
Frequently Asked Questions
GAU and GROY have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GAU has higher volatility (18.23%) compared to GROY (14.06%). In terms of maximum drawdown, GAU dropped -96.20% vs GROY's -82.01%.
GROY currently has the higher Sharpe Ratio (1.08 vs 0.68), 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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