HGBL vs. EPM
HGBL (Heritage Global Inc.) and EPM (Evolution Petroleum Corporation) are both stocks. HGBL operates in Capital Markets (Financial Services), while EPM operates in Oil & Gas E&P (Energy). Over the past 10 years, HGBL returned 18.50%/yr vs 4.13%/yr for EPM. At a 0.07 correlation, their price movements are largely independent.
Performance
HGBL vs. EPM - Performance Comparison
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Returns By Period
In the year-to-date period, HGBL achieves a 0.81% return, which is significantly lower than EPM's 31.91% return. Over the past 10 years, HGBL has outperformed EPM with an annualized return of 18.50%, while EPM has yielded a comparatively lower 4.13% annualized return.
HGBL
- 1D
- 0.81%
- 1M
- -8.09%
- YTD
- 0.81%
- 6M
- -3.10%
- 1Y
- -41.86%
- 3Y*
- -32.08%
- 5Y*
- -14.27%
- 10Y*
- 18.50%
EPM
- 1D
- 4.84%
- 1M
- -8.08%
- YTD
- 31.91%
- 6M
- 14.81%
- 1Y
- 8.59%
- 3Y*
- -10.12%
- 5Y*
- 8.70%
- 10Y*
- 4.13%
HGBL vs. EPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HGBL Heritage Global Inc. | 0.81% | -32.97% | -33.45% | 18.30% | 25.67% | -29.70% | 171.43% | 115.64% | 22.83% | -21.28% |
EPM Evolution Petroleum Corporation | 31.91% | -25.17% | -2.04% | -17.30% | 58.73% | 86.00% | -44.78% | -14.47% | 4.19% | -28.70% |
Correlation
The correlation between HGBL and EPM is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2016 | 0.07 |
Fundamentals
HGBL:
$43.74M
EPM:
$154.60M
HGBL:
$0.09
EPM:
-$0.11
HGBL:
0.88
EPM:
1.85
HGBL:
0.65
EPM:
2.65
HGBL:
$50.24M
EPM:
$83.24M
HGBL:
$51.32M
EPM:
$3.92M
HGBL:
$6.42M
EPM:
$2.18M
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Return for Risk
HGBL vs. EPM — Risk / Return Rank
HGBL
EPM
HGBL vs. EPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Heritage Global Inc. (HGBL) and Evolution Petroleum Corporation (EPM). 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.
| HGBL | EPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.07 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 0.23 | -1.07 |
| Martin ratioReturn relative to average drawdown | -1.18 | 0.52 | -1.70 |
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
| HGBL | EPM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.07 | 0.22 | -1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.29 | 0.19 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.08 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | -0.11 | +0.33 |
Drawdowns
HGBL vs. EPM - Drawdown Comparison
The maximum HGBL drawdown since its inception was -74.19%, smaller than the maximum EPM drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for HGBL and EPM.
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Drawdown Indicators
| HGBL | EPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.19% | -99.99% | +25.80% |
Max Drawdown (1Y)Largest decline over 1 year | -49.57% | -38.29% | -11.28% |
Max Drawdown (3Y)Largest decline over 3 years | -70.97% | -59.45% | -11.52% |
Max Drawdown (5Y)Largest decline over 5 years | -70.97% | -59.45% | -11.52% |
Max Drawdown (10Y)Largest decline over 10 years | -74.19% | -80.49% | +6.30% |
Current DrawdownCurrent decline from peak | -68.98% | -99.84% | +30.86% |
Average DrawdownAverage peak-to-trough decline | -37.18% | -96.49% | +59.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.56% | 16.50% | +19.06% |
Volatility
HGBL vs. EPM - Volatility Comparison
The current volatility for Heritage Global Inc. (HGBL) is 11.61%, while Evolution Petroleum Corporation (EPM) has a volatility of 18.34%. This indicates that HGBL experiences smaller price fluctuations and is considered to be less risky than EPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HGBL | EPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.61% | 18.34% | -6.73% |
Volatility (6M)Calculated over the trailing 6-month period | 28.10% | 31.20% | -3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.21% | 38.93% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.82% | 45.55% | +4.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.86% | 50.10% | +33.76% |
Dividends
HGBL vs. EPM - Dividend Comparison
HGBL has not paid dividends to shareholders, while EPM's dividend yield for the trailing twelve months is around 10.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPM Evolution Petroleum Corporation | 10.55% | 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
HGBL vs. EPM - Financials Comparison
This section allows you to compare key financial metrics between Heritage Global Inc. and Evolution Petroleum Corporation. 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
HGBL vs. EPM - Profitability Comparison
HGBL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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 - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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 - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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 - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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 - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Heritage Global Inc. reported a net income of 717.00K and revenue of 12.73M, resulting in a net margin of 5.6%.
EPM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Evolution Petroleum Corporation reported a net income of -8.93M and revenue of 20.17M, resulting in a net margin of -44.3%.
Frequently Asked Questions
HGBL and EPM have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EPM has higher volatility (18.34%) compared to HGBL (11.61%). In terms of maximum drawdown, HGBL dropped -74.19% vs EPM's -99.99%.
EPM currently has the higher Sharpe Ratio (0.22 vs -1.07), 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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