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 2.72%/yr vs 46.44%/yr for GAU. At a 0.10 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 -0.79% return, which is significantly higher than GAU's -24.51% return.
HIGH
- 1D
- -0.82%
- 1M
- 0.09%
- YTD
- -0.79%
- 6M
- -1.67%
- 1Y
- -1.43%
- 3Y*
- 2.72%
- 5Y*
- —
- 10Y*
- —
GAU
- 1D
- -5.45%
- 1M
- -14.73%
- YTD
- -24.51%
- 6M
- -29.52%
- 1Y
- 35.46%
- 3Y*
- 46.44%
- 5Y*
- 12.08%
- 10Y*
- -7.75%
HIGH vs. GAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HIGH Simplify Enhanced Income ETF | -0.79% | 4.35% | 1.52% | 7.70% | 0.47% |
GAU Galiano Gold Inc. | -24.51% | 105.69% | 30.86% | 80.75% | 4.00% |
Correlation
The correlation between HIGH and GAU is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022 | 0.10 |
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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.
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.
| HIGH | GAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.15 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 0.77 | -0.92 |
| Martin ratioReturn relative to average drawdown | -0.21 | 1.66 | -1.88 |
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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% | -46.50% | +37.00% |
Max Drawdown (3Y)Largest decline over 3 years | -9.50% | -47.45% | +37.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.21% | — |
Current DrawdownCurrent decline from peak | -7.50% | -79.83% | +72.33% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -71.28% | +68.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.73% | 21.42% | -14.69% |
Volatility
HIGH vs. GAU - Volatility Comparison
The current volatility for Simplify Enhanced Income ETF (HIGH) is 1.91%, while Galiano Gold Inc. (GAU) has a volatility of 19.73%. 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 | 1.91% | 19.73% | -17.82% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 52.38% | -48.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.79% | 72.90% | -64.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.53% | 62.55% | -53.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.53% | 65.49% | -55.96% |
Dividends
HIGH vs. GAU - Dividend Comparison
HIGH's dividend yield for the trailing twelve months is around 7.36%, 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 | 7.36% | 7.71% | 8.34% | 9.40% | 0.62% |
Frequently Asked Questions
HIGH and GAU have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GAU has higher volatility (19.73%) compared to HIGH (1.91%). In terms of maximum drawdown, HIGH dropped -9.50% vs GAU's -96.20%.
GAU currently has the higher Sharpe Ratio (0.49 vs -0.16), 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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