IMPP vs. GAU

Last updated Jun 4, 2026

IMPP (Imperial Petroleum Inc.) and GAU (Galiano Gold Inc.) are both stocks. IMPP operates in Oil & Gas E&P (Energy), while GAU operates in Gold (Basic Materials). Over the past 3 years, IMPP returned 17.44%/yr vs 54.76%/yr for GAU. At a 0.14 correlation, their price movements are largely independent.

Performance

IMPP vs. GAU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Imperial Petroleum Inc. (IMPP) and Galiano Gold Inc. (GAU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IMPP achieves a 42.82% return, which is significantly higher than GAU's -15.02% return.

IMPP

• 1D: -1.34%
• 1M: 2.58%
• YTD: 42.82%
• 6M: 19.40%
• 1Y: 70.63%
• 3Y*: 17.44%
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IMPP vs. GAU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IMPP Imperial Petroleum Inc.	42.82%	20.27%	14.02%	-15.38%	-88.73%	-54.85%
GAU Galiano Gold Inc.	-15.02%	105.69%	30.86%	80.75%	-25.69%	-4.66%

Correlation

The correlation between IMPP and GAU is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021	0.14

Fundamentals

Market Cap IMPP : $246.16M GAU : $579.93M
EPS IMPP : $1.66 GAU : $0.11
PE Ratio IMPP : 3.11 GAU : 19.02
PS Ratio IMPP : 1.09 GAU : 1.36
PB Ratio IMPP : 0.44 GAU : 2.27
Total Revenue (TTM) IMPP : $190.63M GAU : $416.07M
Gross Profit (TTM) IMPP : $65.04M GAU : $162.16M
EBITDA (TTM) IMPP : $91.98M GAU : $139.17M

Return for Risk

IMPP vs. GAU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IMPP

IMPP Risk / Return Rank: 70
IMPP Sharpe Ratio Rank: 75
IMPP Sortino Ratio Rank: 72
IMPP Omega Ratio Rank: 71
IMPP Calmar Ratio Rank: 68
IMPP Martin Ratio Rank: 65

GAU

GAU Risk / Return Rank: 61
GAU Sharpe Ratio Rank: 61
GAU Sortino Ratio Rank: 60
GAU Omega Ratio Rank: 59
GAU Calmar Ratio Rank: 63
GAU Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IMPP vs. GAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Imperial Petroleum Inc. (IMPP) 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.

	IMPP	GAU	Difference
Sharpe ratio Return per unit of total volatility	1.16	0.61	+0.55
Sortino ratio Return per unit of downside risk	1.83	1.25	+0.57
Omega ratio Gain probability vs. loss probability	1.24	1.16	+0.07
Calmar ratio Return relative to maximum drawdown	1.44	1.09	+0.35
Martin ratio Return relative to average drawdown	2.87	2.22	+0.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMPP vs. GAU - Sharpe Ratio Comparison

The current IMPP Sharpe Ratio is 1.16, which is higher than the GAU Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of IMPP and GAU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IMPP	GAU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	0.61	+0.55
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	-0.32	-0.05	-0.27

Drawdowns

IMPP vs. GAU - Drawdown Comparison

The maximum IMPP drawdown since its inception was -98.75%, roughly equal to the maximum GAU drawdown of -96.20%. Use the drawdown chart below to compare losses from any high point for IMPP and GAU.

Drawdown Indicators

	IMPP	GAU	Difference
Max Drawdown Largest peak-to-trough decline	-98.75%	-96.20%	-2.55%
Max Drawdown (1Y) Largest decline over 1 year	-49.29%	-39.78%	-9.51%
Max Drawdown (3Y) Largest decline over 3 years	-68.57%	-47.45%	-21.12%
Max Drawdown (5Y) Largest decline over 5 years	—	-72.09%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-92.21%	—
Current Drawdown Current decline from peak	-94.67%	-77.30%	-17.37%
Average Drawdown Average peak-to-trough decline	-93.70%	-71.28%	-22.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.66%	19.55%	+5.11%

Volatility

IMPP vs. GAU - Volatility Comparison

The current volatility for Imperial Petroleum Inc. (IMPP) is 16.90%, while Galiano Gold Inc. (GAU) has a volatility of 17.80%. This indicates that IMPP 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.

Volatility by Period

	IMPP	GAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.90%	17.80%	-0.90%
Volatility (6M) Calculated over the trailing 6-month period	38.15%	50.32%	-12.17%
Volatility (1Y) Calculated over the trailing 1-year period	61.73%	71.85%	-10.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	132.47%	62.12%	+70.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	132.47%	65.14%	+67.33%

Dividends

IMPP vs. GAU - Dividend Comparison

Neither IMPP nor GAU has paid dividends to shareholders.

Position	TTM	2025	2024	2023
GAU Galiano Gold Inc.	0.00%	0.00%	0.00%	0.00%
IMPP Imperial Petroleum Inc.	0.00%	0.00%	0.00%	22.63%

Financials

IMPP vs. GAU - Profitability Comparison

The chart below illustrates the profitability comparison between Imperial Petroleum Inc. and Galiano Gold Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

IMPP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Imperial Petroleum Inc. reported a gross profit of 28.34M and revenue of 61.71M. Therefore, the gross margin over that period was 45.9%.

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%.

IMPP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Imperial Petroleum Inc. reported an operating income of 26.50M and revenue of 61.71M, resulting in an operating margin of 42.9%.

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%.

IMPP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Imperial Petroleum Inc. reported a net income of 28.02M and revenue of 61.71M, resulting in a net margin of 45.4%.

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%.

Frequently Asked Questions

Can I hold both IMPP and GAU in my portfolio?

IMPP and GAU have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IMPP or GAU?

GAU has higher volatility (17.80%) compared to IMPP (16.90%). In terms of maximum drawdown, IMPP dropped -98.75% vs GAU's -96.20%.

Which has better risk-adjusted returns?

IMPP currently has the higher Sharpe Ratio (1.16 vs 0.61), 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.