OUNZ vs. FGDL
Compare and contrast key facts about VanEck Merk Gold Trust (OUNZ) and Franklin Responsibly Sourced Gold ETF (FGDL).
OUNZ and FGDL 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 ($/ozt). It was launched on May 16, 2014. FGDL is a passively managed fund by Franklin that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 30, 2022. Both OUNZ and FGDL 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: OUNZ or FGDL.
Correlation
The correlation between OUNZ and FGDL is 0.18, 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.
Performance
OUNZ vs. FGDL - Performance Comparison
Key characteristics
OUNZ:
2.51
FGDL:
2.51
OUNZ:
3.34
FGDL:
3.33
OUNZ:
1.43
FGDL:
1.43
OUNZ:
5.17
FGDL:
5.25
OUNZ:
14.16
FGDL:
14.29
OUNZ:
2.96%
FGDL:
2.98%
OUNZ:
16.73%
FGDL:
16.96%
OUNZ:
-21.77%
FGDL:
-11.26%
OUNZ:
-3.45%
FGDL:
-3.62%
Returns By Period
The year-to-date returns for both investments are quite close, with OUNZ having a 25.93% return and FGDL slightly higher at 26.02%.
OUNZ
25.93%
8.04%
20.32%
40.85%
13.71%
10.29%
FGDL
26.02%
8.14%
20.18%
41.50%
N/A
N/A
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OUNZ vs. FGDL - Expense Ratio Comparison
OUNZ has a 0.25% expense ratio, which is higher than FGDL's 0.15% expense ratio. However, 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
OUNZ vs. FGDL — Risk-Adjusted Performance Rank
OUNZ
FGDL
OUNZ vs. FGDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Merk Gold Trust (OUNZ) and Franklin Responsibly Sourced Gold ETF (FGDL). 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
OUNZ vs. FGDL - Dividend Comparison
Neither OUNZ nor FGDL has paid dividends to shareholders.
Drawdowns
OUNZ vs. FGDL - Drawdown Comparison
The maximum OUNZ drawdown since its inception was -21.77%, which is greater than FGDL's maximum drawdown of -11.26%. Use the drawdown chart below to compare losses from any high point for OUNZ and FGDL. For additional features, visit the drawdowns tool.
Volatility
OUNZ vs. FGDL - Volatility Comparison
VanEck Merk Gold Trust (OUNZ) and Franklin Responsibly Sourced Gold ETF (FGDL) have volatilities of 8.24% and 8.50%, 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.