GAU vs. HIGH
GAU (Galiano Gold Inc.) is a stock, while HIGH (Simplify Enhanced Income ETF) is Derivative Income fund actively managed by Simplify. Over the past 3 years, GAU returned 41.60%/yr vs 2.82%/yr for HIGH. At a 0.09 correlation, their price movements are largely independent.
Performance
GAU vs. HIGH - Performance Comparison
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Returns By Period
In the year-to-date period, GAU achieves a -28.85% return, which is significantly lower than HIGH's -0.37% return.
GAU
- 1D
- -3.74%
- 1M
- -14.69%
- 6M
- -36.62%
- YTD
- -28.85%
- 1Y
- 31.39%
- 3Y*
- 41.60%
- 5Y*
- 11.38%
- 10Y*
- -8.04%
HIGH
- 1D
- -0.28%
- 1M
- 0.07%
- 6M
- -0.75%
- YTD
- -0.37%
- 1Y
- -3.09%
- 3Y*
- 2.82%
- 5Y*
- —
- 10Y*
- —
GAU vs. HIGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GAU Galiano Gold Inc. | -28.85% | 105.69% | 30.86% | 80.75% | 4.00% |
HIGH Simplify Enhanced Income ETF | -0.37% | 4.35% | 1.52% | 7.70% | 0.47% |
Correlation
The correlation between GAU and HIGH is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022 | 0.09 |
The correlation between GAU and HIGH shifts across timeframes, from 0.09 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GAU vs. HIGH — Risk / Return Rank
GAU
HIGH
GAU vs. HIGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Galiano Gold Inc. (GAU) and Simplify Enhanced Income ETF (HIGH). 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.
| GAU | HIGH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.93 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | -0.44 | +1.07 |
| Martin ratioReturn relative to average drawdown | 1.32 | -0.72 | +2.03 |
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Drawdowns
GAU vs. HIGH - Drawdown Comparison
The maximum GAU drawdown since its inception was -96.20%, which is greater than HIGH's maximum drawdown of -9.50%. Use the drawdown chart below to compare losses from any high point for GAU and HIGH.
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Drawdown Indicators
| GAU | HIGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.20% | -9.50% | -86.70% |
Max Drawdown (1Y)Largest decline over 1 year | -49.86% | -7.08% | -42.78% |
Max Drawdown (3Y)Largest decline over 3 years | -49.86% | -9.50% | -40.36% |
Max Drawdown (5Y)Largest decline over 5 years | -65.38% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -92.21% | — | — |
Current DrawdownCurrent decline from peak | -80.99% | -7.11% | -73.88% |
Average DrawdownAverage peak-to-trough decline | -71.31% | -2.51% | -68.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.90% | 4.32% | +19.58% |
Volatility
GAU vs. HIGH - Volatility Comparison
Galiano Gold Inc. (GAU) has a higher volatility of 18.16% compared to Simplify Enhanced Income ETF (HIGH) at 2.10%. This indicates that GAU's price experiences larger fluctuations and is considered to be riskier than HIGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAU | HIGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.16% | 2.10% | +16.06% |
Volatility (6M)Calculated over the trailing 6-month period | 51.96% | 3.72% | +48.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.14% | 7.30% | +65.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.62% | 9.49% | +53.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.46% | 9.49% | +55.97% |
Dividends
GAU vs. HIGH - Dividend Comparison
GAU has not paid dividends to shareholders, while HIGH's dividend yield for the trailing twelve months is around 7.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GAU Galiano Gold Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HIGH Simplify Enhanced Income ETF | 7.09% | 7.71% | 8.34% | 9.40% | 0.62% |
Frequently Asked Questions
GAU and HIGH have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GAU has higher volatility (18.16%) compared to HIGH (2.10%). In terms of maximum drawdown, GAU dropped -96.20% vs HIGH's -9.50%.
GAU currently has the higher Sharpe Ratio (0.43 vs -0.43), 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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