FGDL vs. OUNZ
Compare and contrast key facts about Franklin Responsibly Sourced Gold ETF (FGDL) and VanEck Merk Gold Trust (OUNZ).
FGDL and OUNZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FGDL is a passively managed fund by Franklin that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 30, 2022. OUNZ is a passively managed fund by Merk that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on May 16, 2014. Both FGDL and OUNZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGDL or OUNZ.
Correlation
The correlation between FGDL and OUNZ is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FGDL vs. OUNZ - Performance Comparison
Key characteristics
FGDL:
1.96
OUNZ:
1.94
FGDL:
2.61
OUNZ:
2.57
FGDL:
1.34
OUNZ:
1.34
FGDL:
3.61
OUNZ:
3.56
FGDL:
10.34
OUNZ:
10.18
FGDL:
2.83%
OUNZ:
2.83%
FGDL:
14.90%
OUNZ:
14.91%
FGDL:
-11.26%
OUNZ:
-21.77%
FGDL:
-6.15%
OUNZ:
-5.91%
Returns By Period
The year-to-date returns for both stocks are quite close, with FGDL having a 27.31% return and OUNZ slightly lower at 26.80%.
FGDL
27.31%
-1.24%
13.20%
28.50%
N/A
N/A
OUNZ
26.80%
-0.98%
12.84%
27.96%
11.88%
8.03%
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FGDL vs. OUNZ - Expense Ratio Comparison
FGDL has a 0.15% expense ratio, which is lower than OUNZ's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FGDL vs. OUNZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Responsibly Sourced Gold ETF (FGDL) and VanEck Merk Gold Trust (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.
Dividends
FGDL vs. OUNZ - Dividend Comparison
Neither FGDL nor OUNZ has paid dividends to shareholders.
Drawdowns
FGDL vs. OUNZ - Drawdown Comparison
The maximum FGDL drawdown since its inception was -11.26%, smaller than the maximum OUNZ drawdown of -21.77%. Use the drawdown chart below to compare losses from any high point for FGDL and OUNZ. For additional features, visit the drawdowns tool.
Volatility
FGDL vs. OUNZ - Volatility Comparison
Franklin Responsibly Sourced Gold ETF (FGDL) and VanEck Merk Gold Trust (OUNZ) have volatilities of 5.14% and 5.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.