VanEck Merk Gold Trust (OUNZ)
OUNZ is a passive ETF by Merk tracking the investment results of the LBMA Gold Price PM ($/ozt). OUNZ launched on May 16, 2014 and has a 0.25% expense ratio.
ETF Info
US9210781012
921078101
May 16, 2014
1x
LBMA Gold Price PM ($/ozt)
Expense Ratio
OUNZ has an expense ratio of 0.25%, which is considered low.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
VanEck Merk Gold Trust (OUNZ) returned 26.80% year-to-date (YTD) and 40.39% over the past 12 months. Over the past 10 years, OUNZ had an annualized return of 10.26%, just below the S&P 500 benchmark at 10.46%.
OUNZ
26.80%
5.01%
23.72%
40.39%
14.19%
10.26%
^GSPC (Benchmark)
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
Monthly Returns
The table below presents the monthly returns of OUNZ, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 6.92% | 1.77% | 9.48% | 5.37% | 1.01% | 26.80% | |||||||
| 2024 | -1.40% | 0.46% | 8.65% | 3.07% | 1.63% | -0.18% | 5.39% | 2.11% | 5.05% | 4.37% | -3.09% | -1.48% | 26.75% |
| 2023 | 5.65% | -5.30% | 7.91% | 0.94% | -1.37% | -2.18% | 2.26% | -1.26% | -4.74% | 7.41% | 2.52% | 1.32% | 12.83% |
| 2022 | -1.57% | 6.06% | 1.45% | -2.18% | -3.26% | -1.63% | -2.51% | -2.89% | -2.81% | -1.80% | 8.33% | 3.09% | -0.51% |
| 2021 | -3.08% | -6.24% | -1.19% | 3.55% | 7.67% | -7.12% | 2.50% | -0.00% | -3.17% | 1.40% | -0.58% | 3.19% | -4.00% |
| 2020 | 4.51% | -0.64% | -0.19% | 7.15% | 2.49% | 2.84% | 10.93% | -0.36% | -4.27% | -0.38% | -5.46% | 6.93% | 24.71% |
| 2019 | 2.82% | -0.46% | -1.63% | -0.67% | 1.71% | 7.97% | 0.07% | 7.88% | -3.35% | 2.52% | -3.07% | 3.63% | 18.00% |
| 2018 | 3.27% | -2.19% | 0.53% | -0.84% | -1.16% | -3.77% | -2.09% | -2.24% | -0.59% | 1.96% | 0.42% | 4.96% | -2.06% |
| 2017 | 5.27% | 3.25% | -0.40% | 1.62% | 0.32% | -2.47% | 2.20% | 4.23% | -3.29% | -0.79% | 0.24% | 2.31% | 12.82% |
| 2016 | 5.51% | 11.00% | -0.82% | 5.07% | -5.92% | 8.66% | 2.24% | -3.43% | 0.69% | -2.99% | -8.29% | -1.89% | 8.27% |
| 2015 | 8.30% | -5.55% | -2.39% | 0.08% | 0.55% | -1.56% | -6.68% | 3.67% | -1.83% | 2.31% | -6.61% | -0.75% | -10.92% |
| 2014 | -3.40% | 6.06% | -3.15% | 0.16% | -6.07% | -3.11% | -0.41% | 1.32% | -8.73% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, OUNZ is among the top 4% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for VanEck Merk Gold Trust (OUNZ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the VanEck Merk Gold Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the VanEck Merk Gold Trust was 21.77%, occurring on Dec 17, 2015. Recovery took 136 trading sessions.
The current VanEck Merk Gold Trust drawdown is 2.79%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.77% | Jul 14, 2014 | 363 | Dec 17, 2015 | 136 | Jul 5, 2016 | 499 |
| -21.76% | Aug 7, 2020 | 538 | Sep 26, 2022 | 359 | Mar 1, 2024 | 897 |
| -17.58% | Jul 11, 2016 | 112 | Dec 15, 2016 | 630 | Jun 20, 2019 | 742 |
| -12.51% | Mar 10, 2020 | 8 | Mar 19, 2020 | 15 | Apr 9, 2020 | 23 |
| -8.1% | Oct 31, 2024 | 12 | Nov 15, 2024 | 49 | Jan 30, 2025 | 61 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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