OUNZ vs. GLDM
Compare and contrast key facts about VanEck Merk Gold Trust (OUNZ) and SPDR Gold MiniShares Trust (GLDM).
OUNZ and GLDM 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. GLDM is a passively managed fund by State Street that tracks the performance of the LBMA Gold PM Price. It was launched on Jun 25, 2018. Both OUNZ and GLDM 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 GLDM.
Performance
OUNZ vs. GLDM - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with OUNZ having a 23.85% return and GLDM slightly higher at 24.08%.
OUNZ
23.85%
-4.30%
5.82%
28.95%
11.49%
7.57%
GLDM
24.08%
-4.24%
5.93%
29.16%
11.66%
N/A
Key characteristics
| OUNZ | GLDM | |
|---|---|---|
| Sharpe Ratio | 2.07 | 2.09 |
| Sortino Ratio | 2.79 | 2.80 |
| Omega Ratio | 1.36 | 1.36 |
| Calmar Ratio | 3.75 | 3.78 |
| Martin Ratio | 12.53 | 12.66 |
| Ulcer Index | 2.42% | 2.42% |
| Daily Std Dev | 14.65% | 14.64% |
| Max Drawdown | -21.77% | -21.63% |
| Current Drawdown | -8.10% | -8.09% |
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OUNZ vs. GLDM - Expense Ratio Comparison
OUNZ has a 0.25% expense ratio, which is higher than GLDM's 0.18% 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%.
Correlation
The correlation between OUNZ and GLDM is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
OUNZ vs. GLDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Merk Gold Trust (OUNZ) and SPDR Gold MiniShares Trust (GLDM). 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. GLDM - Dividend Comparison
Neither OUNZ nor GLDM has paid dividends to shareholders.
Drawdowns
OUNZ vs. GLDM - Drawdown Comparison
The maximum OUNZ drawdown since its inception was -21.77%, roughly equal to the maximum GLDM drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for OUNZ and GLDM. For additional features, visit the drawdowns tool.
Volatility
OUNZ vs. GLDM - Volatility Comparison
VanEck Merk Gold Trust (OUNZ) and SPDR Gold MiniShares Trust (GLDM) have volatilities of 5.34% and 5.34%, 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.