GLTR vs. OUNZ
Compare and contrast key facts about Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR) and VanEck Merk Gold Trust (OUNZ).
GLTR and OUNZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLTR is a passively managed fund by Aberdeen that tracks the performance of the ETFS Physical Precious Metals Basket Index. It was launched on Oct 22, 2010. 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 GLTR 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.
Performance
GLTR vs. OUNZ - Performance Comparison
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GLTR vs. OUNZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLTR Aberdeen Standard Physical Precious Metals Basket Shares ETF | 6.38% | 87.25% | 20.63% | 2.01% | -0.25% | -9.60% | 29.52% | 20.96% | -2.85% | 12.94% |
OUNZ VanEck Merk Gold Trust | 8.61% | 63.95% | 26.75% | 12.83% | -0.51% | -4.00% | 24.71% | 18.00% | -2.06% | 12.82% |
Returns By Period
In the year-to-date period, GLTR achieves a 6.38% return, which is significantly lower than OUNZ's 8.61% return. Both investments have delivered pretty close results over the past 10 years, with GLTR having a 14.10% annualized return and OUNZ not far behind at 14.00%.
GLTR
- 1D
- 4.98%
- 1M
- -14.74%
- YTD
- 6.38%
- 6M
- 32.20%
- 1Y
- 68.93%
- 3Y*
- 33.85%
- 5Y*
- 18.37%
- 10Y*
- 14.10%
OUNZ
- 1D
- 3.75%
- 1M
- -11.06%
- YTD
- 8.61%
- 6M
- 21.13%
- 1Y
- 49.47%
- 3Y*
- 33.11%
- 5Y*
- 21.74%
- 10Y*
- 14.00%
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GLTR vs. OUNZ - Expense Ratio Comparison
GLTR has a 0.60% expense ratio, which is higher than OUNZ's 0.25% expense ratio.
Return for Risk
GLTR vs. OUNZ — Risk / Return Rank
GLTR
OUNZ
GLTR vs. OUNZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR) 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.
| GLTR | OUNZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.87 | 1.80 | +0.06 |
Sortino ratioReturn per unit of downside risk | 2.11 | 2.24 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.33 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.38 | 2.70 | -0.31 |
Martin ratioReturn relative to average drawdown | 8.28 | 9.98 | -1.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLTR | OUNZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 1.80 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 1.24 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.88 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.70 | -0.36 |
Correlation
The correlation between GLTR and OUNZ is 0.90, 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.
Dividends
GLTR vs. OUNZ - Dividend Comparison
Neither GLTR nor OUNZ has paid dividends to shareholders.
Drawdowns
GLTR vs. OUNZ - Drawdown Comparison
The maximum GLTR drawdown since its inception was -55.70%, which is greater than OUNZ's maximum drawdown of -21.77%. Use the drawdown chart below to compare losses from any high point for GLTR and OUNZ.
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Drawdown Indicators
| GLTR | OUNZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.70% | -21.77% | -33.93% |
Max Drawdown (1Y)Largest decline over 1 year | -29.70% | -19.14% | -10.56% |
Max Drawdown (5Y)Largest decline over 5 years | -29.70% | -21.01% | -8.69% |
Max Drawdown (10Y)Largest decline over 10 years | -29.70% | -21.76% | -7.94% |
Current DrawdownCurrent decline from peak | -23.32% | -13.18% | -10.14% |
Average DrawdownAverage peak-to-trough decline | -28.89% | -7.48% | -21.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.54% | 5.17% | +3.37% |
Volatility
GLTR vs. OUNZ - Volatility Comparison
Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR) has a higher volatility of 13.48% compared to VanEck Merk Gold Trust (OUNZ) at 10.95%. This indicates that GLTR's price experiences larger fluctuations and is considered to be riskier 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
| GLTR | OUNZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.48% | 10.95% | +2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 35.75% | 24.08% | +11.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.11% | 27.59% | +9.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.16% | 17.65% | +5.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.28% | 15.88% | +4.40% |