HIGH vs. GAU
HIGH (Simplify Enhanced Income ETF) is Derivative Income fund actively managed by Simplify, while GAU (Galiano Gold Inc.) is a stock. Over the past 3 years, HIGH returned 3.02%/yr vs 54.76%/yr for GAU. At a 0.09 correlation, their price movements are largely independent.
Performance
HIGH vs. GAU - Performance Comparison
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Returns By Period
In the year-to-date period, HIGH achieves a -0.38% return, which is significantly higher than GAU's -15.02% return.
HIGH
- 1D
- -0.32%
- 1M
- 1.63%
- YTD
- -0.38%
- 6M
- -1.48%
- 1Y
- -3.46%
- 3Y*
- 3.02%
- 5Y*
- —
- 10Y*
- —
GAU
- 1D
- -3.59%
- 1M
- -5.70%
- YTD
- -15.02%
- 6M
- -8.12%
- 1Y
- 43.33%
- 3Y*
- 54.76%
- 5Y*
- 10.76%
- 10Y*
- -5.59%
HIGH vs. GAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HIGH Simplify Enhanced Income ETF | -0.38% | 4.35% | 1.52% | 7.70% | 0.27% |
GAU Galiano Gold Inc. | -15.02% | 105.69% | 30.86% | 80.75% | 7.59% |
Correlation
The correlation between HIGH and GAU is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2022 | 0.09 |
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Return for Risk
HIGH vs. GAU — Risk / Return Rank
HIGH
GAU
HIGH vs. GAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Enhanced Income ETF (HIGH) and Galiano Gold Inc. (GAU). 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.
| HIGH | GAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.16 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 1.09 | -1.46 |
| Martin ratioReturn relative to average drawdown | -0.53 | 2.22 | -2.75 |
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
| HIGH | GAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.39 | 0.61 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.17 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | -0.05 | +0.44 |
Drawdowns
HIGH vs. GAU - Drawdown Comparison
The maximum HIGH drawdown since its inception was -9.50%, smaller than the maximum GAU drawdown of -96.20%. Use the drawdown chart below to compare losses from any high point for HIGH and GAU.
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Drawdown Indicators
| HIGH | GAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.50% | -96.20% | +86.70% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -39.78% | +30.28% |
Max Drawdown (3Y)Largest decline over 3 years | -9.50% | -47.45% | +37.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -72.09% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.21% | — |
Current DrawdownCurrent decline from peak | -7.11% | -77.30% | +70.19% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -71.28% | +68.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.53% | 19.55% | -13.02% |
Volatility
HIGH vs. GAU - Volatility Comparison
The current volatility for Simplify Enhanced Income ETF (HIGH) is 1.23%, while Galiano Gold Inc. (GAU) has a volatility of 17.80%. This indicates that HIGH experiences smaller price fluctuations and is considered to be less risky than GAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIGH | GAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 17.80% | -16.57% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 50.32% | -46.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.83% | 71.85% | -63.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.56% | 62.12% | -52.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.56% | 65.14% | -55.58% |
Dividends
HIGH vs. GAU - Dividend Comparison
HIGH's dividend yield for the trailing twelve months is around 7.33%, while GAU has not paid dividends to shareholders.
| 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 | 7.33% | 7.71% | 8.34% | 9.40% | 0.62% |
Frequently Asked Questions
HIGH and GAU have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GAU has higher volatility (17.80%) compared to HIGH (1.23%). In terms of maximum drawdown, HIGH dropped -9.50% vs GAU's -96.20%.
GAU currently has the higher Sharpe Ratio (0.61 vs -0.39), 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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