AVDV vs. OUNZ
AVDV (Avantis International Small Cap Value ETF) and OUNZ (VanEck Merk Gold ETF) are both exchange-traded funds - AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while OUNZ is a Gold fund tracking the LBMA Gold Price PM ($/ozt). AVDV is actively managed, while OUNZ is passively managed. Over the past 5 years, AVDV returned 14.03%/yr vs 17.44%/yr for OUNZ. At a 0.33 correlation, their price movements are largely independent. AVDV charges 0.36%/yr vs 0.25%/yr for OUNZ.
Performance
AVDV vs. OUNZ - Performance Comparison
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Returns By Period
In the year-to-date period, AVDV achieves a 12.46% return, which is significantly higher than OUNZ's -5.33% return.
AVDV
- 1D
- 2.02%
- 1M
- -2.38%
- 6M
- 7.52%
- YTD
- 12.46%
- 1Y
- 32.73%
- 3Y*
- 24.42%
- 5Y*
- 14.03%
- 10Y*
- —
- ALL TIME*
- 14.83%
OUNZ
- 1D
- 1.97%
- 1M
- -3.16%
- 6M
- -14.22%
- YTD
- -5.33%
- 1Y
- 19.91%
- 3Y*
- 27.36%
- 5Y*
- 17.44%
- 10Y*
- 11.59%
- ALL TIME*
- 9.56%
AVDV vs. OUNZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AVDV Avantis International Small Cap Value ETF | 12.46% | 49.37% | 8.67% | 16.85% | -11.47% | 15.80% | 5.01% | 11.78% |
OUNZ VanEck Merk Gold ETF | -5.33% | 63.95% | 26.75% | 12.83% | -0.51% | -4.00% | 24.71% | 0.88% |
Correlation
The correlation between AVDV and OUNZ is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.33 |
Over the past year, AVDV and OUNZ have become more correlated (0.57) than their long-term average of 0.33, meaning their price movements have been converging.
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Return for Risk
AVDV vs. OUNZ — Risk / Return Rank
AVDV
OUNZ
AVDV vs. OUNZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value ETF (AVDV) and VanEck Merk Gold ETF (OUNZ). 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.
| AVDV | OUNZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.15 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 0.76 | +1.73 |
| Martin ratioReturn relative to average drawdown | 9.21 | 1.76 | +7.44 |
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Drawdowns
AVDV vs. OUNZ - Drawdown Comparison
The maximum AVDV drawdown since its inception was -43.01%, which is greater than OUNZ's maximum drawdown of -26.31%. Use the drawdown chart below to compare losses from any high point for AVDV and OUNZ.
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Drawdown Indicators
| AVDV | OUNZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.01% | -26.31% | -16.70% |
Max Drawdown (1Y)Largest decline over 1 year | -13.19% | -26.31% | +13.12% |
Max Drawdown (3Y)Largest decline over 3 years | -14.17% | -26.31% | +12.14% |
Max Drawdown (5Y)Largest decline over 5 years | -28.08% | -26.31% | -1.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.31% | — |
Current DrawdownCurrent decline from peak | -4.39% | -24.32% | +19.93% |
Average DrawdownAverage peak-to-trough decline | -6.72% | -7.73% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 11.33% | -7.77% |
Volatility
AVDV vs. OUNZ - Volatility Comparison
The current volatility for Avantis International Small Cap Value ETF (AVDV) is 4.98%, while VanEck Merk Gold ETF (OUNZ) has a volatility of 6.78%. This indicates that AVDV experiences smaller price fluctuations and is considered to be less risky than OUNZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVDV | OUNZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 6.78% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 14.58% | 24.08% | -9.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 27.86% | -11.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.38% | 18.35% | -0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.72% | 16.13% | +3.59% |
AVDV vs. OUNZ - Expense Ratio Comparison
AVDV has a 0.36% expense ratio, which is higher than OUNZ's 0.25% expense ratio.
Dividends
AVDV vs. OUNZ - Dividend Comparison
AVDV's dividend yield for the trailing twelve months is around 2.81%, while OUNZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVDV Avantis International Small Cap Value ETF | 2.81% | 3.05% | 4.31% | 3.29% | 3.17% | 2.39% | 1.67% | 0.36% |
OUNZ VanEck Merk Gold ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AVDV and OUNZ have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OUNZ has higher volatility (6.78%) compared to AVDV (4.98%). In terms of maximum drawdown, AVDV dropped -43.01% vs OUNZ's -26.31%.
On 5-year performance, OUNZ leads with 17.44% vs 14.03% for AVDV. On fees, OUNZ is cheaper at 0.25% per year. On volatility, AVDV has been the lower-risk option at 4.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, OUNZ has performed better with a 17.44% return vs 14.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OUNZ is cheaper with a 0.25% expense ratio, compared with 0.36% for AVDV.
AVDV has the higher dividend yield at 2.81%, compared with 0.00% for OUNZ.
AVDV is categorized as Foreign Small & Mid Cap Equities, while OUNZ is Gold. They also come from different issuers: Avantis and VanEck. Their fees differ too: 0.36% for AVDV and 0.25% for OUNZ.
AVDV currently has the higher Sharpe Ratio (1.97 vs 0.72), 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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