OUNZ vs. ARKK
Compare and contrast key facts about VanEck Merk Gold Trust (OUNZ) and ARK Innovation ETF (ARKK).
OUNZ and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ARKK is an actively managed fund by ARK. It was launched on Oct 31, 2014.
Performance
OUNZ vs. ARKK - Performance Comparison
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OUNZ vs. ARKK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
ARKK ARK Innovation ETF | -12.13% | 35.49% | 8.40% | 69.04% | -66.97% | -23.60% | 152.71% | 35.08% | 3.52% | 87.33% |
Returns By Period
In the year-to-date period, OUNZ achieves a 8.61% return, which is significantly higher than ARKK's -12.13% return. Both investments have delivered pretty close results over the past 10 years, with OUNZ having a 14.00% annualized return and ARKK not far ahead at 14.34%.
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%
ARKK
- 1D
- 6.41%
- 1M
- -7.30%
- YTD
- -12.13%
- 6M
- -21.68%
- 1Y
- 42.06%
- 3Y*
- 19.10%
- 5Y*
- -10.73%
- 10Y*
- 14.34%
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OUNZ vs. ARKK - Expense Ratio Comparison
OUNZ has a 0.25% expense ratio, which is lower than ARKK's 0.75% expense ratio.
Return for Risk
OUNZ vs. ARKK — Risk / Return Rank
OUNZ
ARKK
OUNZ vs. ARKK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Merk Gold Trust (OUNZ) and ARK Innovation ETF (ARKK). 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.
| OUNZ | ARKK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.80 | 0.99 | +0.81 |
Sortino ratioReturn per unit of downside risk | 2.24 | 1.63 | +0.61 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.19 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.70 | 1.24 | +1.46 |
Martin ratioReturn relative to average drawdown | 9.98 | 3.22 | +6.76 |
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
| OUNZ | ARKK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 0.99 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.24 | -0.23 | +1.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.36 | +0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.32 | +0.39 |
Correlation
The correlation between OUNZ and ARKK is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
OUNZ vs. ARKK - Dividend Comparison
Neither OUNZ nor ARKK has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OUNZ VanEck Merk Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.70% | 0.00% | 0.55% | 1.64% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% |
Drawdowns
OUNZ vs. ARKK - Drawdown Comparison
The maximum OUNZ drawdown since its inception was -21.77%, smaller than the maximum ARKK drawdown of -80.97%. Use the drawdown chart below to compare losses from any high point for OUNZ and ARKK.
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Drawdown Indicators
| OUNZ | ARKK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.77% | -80.97% | +59.20% |
Max Drawdown (1Y)Largest decline over 1 year | -19.14% | -31.35% | +12.21% |
Max Drawdown (5Y)Largest decline over 5 years | -21.01% | -77.23% | +56.22% |
Max Drawdown (10Y)Largest decline over 10 years | -21.76% | -80.97% | +59.21% |
Current DrawdownCurrent decline from peak | -13.18% | -56.23% | +43.05% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -29.80% | +22.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.17% | 12.05% | -6.88% |
Volatility
OUNZ vs. ARKK - Volatility Comparison
The current volatility for VanEck Merk Gold Trust (OUNZ) is 10.95%, while ARK Innovation ETF (ARKK) has a volatility of 12.71%. This indicates that OUNZ experiences smaller price fluctuations and is considered to be less risky than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OUNZ | ARKK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.95% | 12.71% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 24.08% | 27.59% | -3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.59% | 42.61% | -15.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.65% | 46.38% | -28.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 40.12% | -24.24% |