OUNZ vs. BIZD
OUNZ (VanEck Merk Gold ETF) and BIZD (VanEck BDC Income ETF) are both exchange-traded funds - OUNZ is a Gold fund tracking the LBMA Gold Price PM ($/ozt), while BIZD is a Financials Equities fund tracking the MVIS US Business Development Companies Index. Both are passively managed. Over the past 10 years, OUNZ returned 11.40%/yr vs 7.73%/yr for BIZD. At a 0.04 correlation, their price movements are largely independent. OUNZ charges 0.25%/yr vs 12.86%/yr for BIZD.
Performance
OUNZ vs. BIZD - Performance Comparison
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Returns By Period
In the year-to-date period, OUNZ achieves a -6.68% return, which is significantly higher than BIZD's -10.23% return. Over the past 10 years, OUNZ has outperformed BIZD with an annualized return of 11.40%, while BIZD has yielded a comparatively lower 7.73% annualized return.
OUNZ
- 1D
- 0.94%
- 1M
- -10.70%
- YTD
- -6.68%
- 6M
- -10.23%
- 1Y
- 20.52%
- 3Y*
- 27.61%
- 5Y*
- 17.45%
- 10Y*
- 11.40%
BIZD
- 1D
- 0.33%
- 1M
- -2.55%
- YTD
- -10.23%
- 6M
- -8.96%
- 1Y
- -13.81%
- 3Y*
- 4.81%
- 5Y*
- 3.97%
- 10Y*
- 7.73%
OUNZ vs. BIZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OUNZ VanEck Merk Gold ETF | -6.68% | 63.95% | 26.75% | 12.83% | -0.51% | -4.00% | 24.71% | 18.00% | -2.06% | 12.82% |
BIZD VanEck BDC Income ETF | -10.23% | -4.96% | 15.63% | 27.02% | -8.51% | 36.25% | -7.12% | 30.87% | -6.88% | 0.36% |
Correlation
The correlation between OUNZ and BIZD is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since May 16, 2014 | 0.04 |
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Return for Risk
OUNZ vs. BIZD — Risk / Return Rank
OUNZ
BIZD
OUNZ vs. BIZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Merk Gold ETF (OUNZ) and VanEck BDC Income ETF (BIZD). 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 | BIZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.89 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | -0.62 | +1.41 |
| Martin ratioReturn relative to average drawdown | 2.20 | -1.03 | +3.24 |
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Drawdowns
OUNZ vs. BIZD - Drawdown Comparison
The maximum OUNZ drawdown since its inception was -26.09%, smaller than the maximum BIZD drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for OUNZ and BIZD.
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Drawdown Indicators
| OUNZ | BIZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.09% | -55.44% | +29.35% |
Max Drawdown (1Y)Largest decline over 1 year | -26.09% | -22.22% | -3.87% |
Max Drawdown (3Y)Largest decline over 3 years | -26.09% | -22.56% | -3.53% |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | -22.91% | -3.18% |
Max Drawdown (10Y)Largest decline over 10 years | -26.09% | -55.44% | +29.35% |
Current DrawdownCurrent decline from peak | -25.40% | -20.38% | -5.02% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -6.77% | -0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.33% | 13.42% | -4.09% |
Volatility
OUNZ vs. BIZD - Volatility Comparison
VanEck Merk Gold ETF (OUNZ) has a higher volatility of 8.64% compared to VanEck BDC Income ETF (BIZD) at 5.30%. This indicates that OUNZ's price experiences larger fluctuations and is considered to be riskier than BIZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OUNZ | BIZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.64% | 5.30% | +3.34% |
Volatility (6M)Calculated over the trailing 6-month period | 24.28% | 15.18% | +9.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.49% | 18.47% | +9.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.21% | 17.44% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 21.77% | -5.69% |
OUNZ vs. BIZD - Expense Ratio Comparison
OUNZ has a 0.25% expense ratio, which is lower than BIZD's 12.86% expense ratio.
Dividends
OUNZ vs. BIZD - Dividend Comparison
OUNZ has not paid dividends to shareholders, while BIZD's dividend yield for the trailing twelve months is around 14.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIZD VanEck BDC Income ETF | 14.07% | 11.78% | 10.94% | 10.96% | 11.21% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% |
OUNZ VanEck Merk Gold ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OUNZ and BIZD have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OUNZ has higher volatility (8.64%) compared to BIZD (5.30%). In terms of maximum drawdown, OUNZ dropped -26.09% vs BIZD's -55.44%.
On 10-year performance, OUNZ leads with 11.40% vs 7.73% for BIZD. On fees, OUNZ is cheaper at 0.25% per year. On volatility, BIZD has been the lower-risk option at 5.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, OUNZ has performed better with a 11.40% return vs 7.73%. 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 12.86% for BIZD.
BIZD has the higher dividend yield at 14.07%, compared with 0.00% for OUNZ.
OUNZ is categorized as Gold, while BIZD is Financials Equities. OUNZ tracks LBMA Gold Price PM ($/ozt), while BIZD tracks MVIS US Business Development Companies Index. Their fees differ too: 0.25% for OUNZ and 12.86% for BIZD.
OUNZ currently has the higher Sharpe Ratio (0.75 vs -0.75), 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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