OUNZ vs. FLTR
OUNZ (VanEck Merk Gold ETF) and FLTR (VanEck IG Floating Rate ETF) are both exchange-traded funds - OUNZ is a Gold fund tracking the LBMA Gold Price PM ($/ozt), while FLTR is a Corporate Bonds fund tracking the MVIS US Investment Grade Floating Rate Index. Both are passively managed. Over the past 10 years, OUNZ returned 11.40%/yr vs 3.50%/yr for FLTR. At a 0.04 correlation, their price movements are largely independent. OUNZ charges 0.25%/yr vs 0.14%/yr for FLTR.
Performance
OUNZ vs. FLTR - Performance Comparison
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Returns By Period
In the year-to-date period, OUNZ achieves a -6.68% return, which is significantly lower than FLTR's 2.23% return. Over the past 10 years, OUNZ has outperformed FLTR with an annualized return of 11.40%, while FLTR has yielded a comparatively lower 3.50% 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%
FLTR
- 1D
- 0.04%
- 1M
- 0.42%
- YTD
- 2.23%
- 6M
- 2.36%
- 1Y
- 5.30%
- 3Y*
- 6.13%
- 5Y*
- 4.55%
- 10Y*
- 3.50%
OUNZ vs. FLTR - 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% |
FLTR VanEck IG Floating Rate ETF | 2.23% | 5.22% | 7.38% | 7.41% | 0.74% | 0.55% | 1.44% | 5.70% | 0.30% | 2.80% |
Correlation
The correlation between OUNZ and FLTR is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
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. FLTR — Risk / Return Rank
OUNZ
FLTR
OUNZ vs. FLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Merk Gold ETF (OUNZ) and VanEck IG Floating Rate ETF (FLTR). 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 | FLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.87 | ||
| Sortino ratioReturn per unit of downside risk | -11.23 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 3.08 | -1.92 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 16.96 | -16.17 |
| Martin ratioReturn relative to average drawdown | 2.20 | 99.46 | -97.26 |
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Drawdowns
OUNZ vs. FLTR - Drawdown Comparison
The maximum OUNZ drawdown since its inception was -26.09%, which is greater than FLTR's maximum drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for OUNZ and FLTR.
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Drawdown Indicators
| OUNZ | FLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.09% | -17.84% | -8.25% |
Max Drawdown (1Y)Largest decline over 1 year | -26.09% | -0.31% | -25.78% |
Max Drawdown (3Y)Largest decline over 3 years | -26.09% | -1.93% | -24.16% |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | -3.06% | -23.03% |
Max Drawdown (10Y)Largest decline over 10 years | -26.09% | -17.84% | -8.25% |
Current DrawdownCurrent decline from peak | -25.40% | 0.00% | -25.40% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -0.67% | -6.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.33% | 0.05% | +9.28% |
Volatility
OUNZ vs. FLTR - Volatility Comparison
VanEck Merk Gold ETF (OUNZ) has a higher volatility of 8.64% compared to VanEck IG Floating Rate ETF (FLTR) at 0.29%. This indicates that OUNZ's price experiences larger fluctuations and is considered to be riskier than FLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OUNZ | FLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.64% | 0.29% | +8.35% |
Volatility (6M)Calculated over the trailing 6-month period | 24.28% | 0.66% | +23.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.49% | 0.81% | +26.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.21% | 2.13% | +16.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 5.00% | +11.08% |
OUNZ vs. FLTR - Expense Ratio Comparison
OUNZ has a 0.25% expense ratio, which is higher than FLTR's 0.14% 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%.
Dividends
OUNZ vs. FLTR - Dividend Comparison
OUNZ has not paid dividends to shareholders, while FLTR's dividend yield for the trailing twelve months is around 4.71%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTR VanEck IG Floating Rate ETF | 4.71% | 4.97% | 5.93% | 6.07% | 2.29% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% |
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 FLTR have a correlation of -0.00, 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 FLTR (0.29%). In terms of maximum drawdown, OUNZ dropped -26.09% vs FLTR's -17.84%.
On 10-year performance, OUNZ leads with 11.40% vs 3.50% for FLTR. On fees, FLTR is cheaper at 0.14% per year. On volatility, FLTR has been the lower-risk option at 0.29%. 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 3.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLTR is cheaper with a 0.14% expense ratio, compared with 0.25% for OUNZ.
FLTR has the higher dividend yield at 4.71%, compared with 0.00% for OUNZ.
OUNZ is categorized as Gold, while FLTR is Corporate Bonds. OUNZ tracks LBMA Gold Price PM ($/ozt), while FLTR tracks MVIS US Investment Grade Floating Rate Index. Their fees differ too: 0.25% for OUNZ and 0.14% for FLTR.
FLTR currently has the higher Sharpe Ratio (6.62 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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