OUNZ vs. AVUV
OUNZ (VanEck Merk Gold ETF) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - OUNZ is a Gold fund tracking the LBMA Gold Price PM ($/ozt), while AVUV is a Small Cap Value Equities fund actively managed by Avantis. OUNZ is passively managed, while AVUV is actively managed. Over the past 5 years, OUNZ returned 17.02%/yr vs 13.83%/yr for AVUV. At a 0.08 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
OUNZ vs. AVUV - Performance Comparison
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Returns By Period
In the year-to-date period, OUNZ achieves a -7.16% return, which is significantly lower than AVUV's 24.39% return.
OUNZ
- 1D
- -0.23%
- 1M
- -5.03%
- 6M
- -12.66%
- YTD
- -7.16%
- 1Y
- 19.37%
- 3Y*
- 26.53%
- 5Y*
- 17.02%
- 10Y*
- 11.37%
- ALL TIME*
- 9.39%
AVUV
- 1D
- 1.20%
- 1M
- 3.33%
- 6M
- 18.69%
- YTD
- 24.39%
- 1Y
- 36.51%
- 3Y*
- 17.61%
- 5Y*
- 13.83%
- 10Y*
- —
- ALL TIME*
- 16.31%
OUNZ vs. AVUV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
OUNZ VanEck Merk Gold ETF | -7.16% | 63.95% | 26.75% | 12.83% | -0.51% | -4.00% | 24.71% | 0.88% |
AVUV Avantis US Small Cap Value ETF | 24.39% | 7.44% | 9.28% | 22.82% | -4.91% | 42.20% | 6.43% | 8.54% |
Correlation
The correlation between OUNZ and AVUV is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.08 |
The correlation between OUNZ and AVUV shifts across timeframes, from 0.08 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
OUNZ vs. AVUV — Risk / Return Rank
OUNZ
AVUV
OUNZ vs. AVUV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Merk Gold ETF (OUNZ) and Avantis US Small Cap Value ETF (AVUV). 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.
| OUNZ | AVUV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 4.61 | -3.87 |
| Martin ratioReturn relative to average drawdown | 1.73 | 13.74 | -12.01 |
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Drawdowns
OUNZ vs. AVUV - Drawdown Comparison
The maximum OUNZ drawdown since its inception was -26.31%, smaller than the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for OUNZ and AVUV.
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Drawdown Indicators
| OUNZ | AVUV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.31% | -49.42% | +23.11% |
Max Drawdown (1Y)Largest decline over 1 year | -26.31% | -7.95% | -18.36% |
Max Drawdown (3Y)Largest decline over 3 years | -26.31% | -28.79% | +2.48% |
Max Drawdown (5Y)Largest decline over 5 years | -26.31% | -28.79% | +2.48% |
Max Drawdown (10Y)Largest decline over 10 years | -26.31% | — | — |
Current DrawdownCurrent decline from peak | -25.79% | -0.09% | -25.70% |
Average DrawdownAverage peak-to-trough decline | -7.73% | -7.81% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.23% | 2.66% | +8.57% |
Volatility
OUNZ vs. AVUV - Volatility Comparison
VanEck Merk Gold ETF (OUNZ) has a higher volatility of 6.41% compared to Avantis US Small Cap Value ETF (AVUV) at 2.73%. This indicates that OUNZ's price experiences larger fluctuations and is considered to be riskier than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OUNZ | AVUV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 2.73% | +3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 23.99% | 11.14% | +12.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.86% | 17.14% | +10.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.33% | 22.44% | -4.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 28.08% | -11.96% |
OUNZ vs. AVUV - Expense Ratio Comparison
Both OUNZ and AVUV have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
OUNZ vs. AVUV - Dividend Comparison
OUNZ has not paid dividends to shareholders, while AVUV's dividend yield for the trailing twelve months is around 1.24%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 1.24% | 1.58% | 1.61% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% |
OUNZ VanEck Merk Gold ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OUNZ and AVUV have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OUNZ has higher volatility (6.41%) compared to AVUV (2.73%). In terms of maximum drawdown, OUNZ dropped -26.31% vs AVUV's -49.42%.
On 5-year performance, OUNZ leads with 17.02% vs 13.83% for AVUV. Both ETFs have the same 0.25% expense ratio. On volatility, AVUV has been the lower-risk option at 2.73%. 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 17.02% return vs 13.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OUNZ and AVUV have the same expense ratio: 0.25% per year.
AVUV has the higher dividend yield at 1.24%, compared with 0.00% for OUNZ.
OUNZ is categorized as Gold, while AVUV is Small Cap Value Equities. They also come from different issuers: VanEck and Avantis.
AVUV currently has the higher Sharpe Ratio (2.14 vs 0.70), 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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