OUNZ vs. IBIC
OUNZ (VanEck Merk Gold ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - OUNZ is a Gold fund tracking the LBMA Gold Price PM ($/ozt), while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, OUNZ returned 24.20% vs 4.38% for IBIC. At a 0.16 correlation, their price movements are largely independent. OUNZ charges 0.25%/yr vs 0.10%/yr for IBIC.
Performance
OUNZ vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, OUNZ achieves a -2.87% return, which is significantly lower than IBIC's 2.39% return.
OUNZ
- 1D
- -0.64%
- 1M
- -7.06%
- YTD
- -2.87%
- 6M
- -5.69%
- 1Y
- 24.20%
- 3Y*
- 29.41%
- 5Y*
- 18.44%
- 10Y*
- 11.90%
IBIC
- 1D
- 0.06%
- 1M
- 0.08%
- YTD
- 2.39%
- 6M
- 2.49%
- 1Y
- 4.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OUNZ vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OUNZ VanEck Merk Gold ETF | -2.87% | 63.95% | 26.75% | 8.01% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.39% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between OUNZ and IBIC is -0.07, 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 | -0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.16 |
The correlation between OUNZ and IBIC shifts across timeframes, from -0.07 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OUNZ vs. IBIC — Risk / Return Rank
OUNZ
IBIC
OUNZ vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Merk Gold ETF (OUNZ) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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 | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.05 | ||
| Sortino ratioReturn per unit of downside risk | -7.64 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 2.21 | -1.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 16.41 | -15.42 |
| Martin ratioReturn relative to average drawdown | 2.72 | 58.11 | -55.39 |
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Drawdowns
OUNZ vs. IBIC - Drawdown Comparison
The maximum OUNZ drawdown since its inception was -24.36%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for OUNZ and IBIC.
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Drawdown Indicators
| OUNZ | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.36% | -0.90% | -23.46% |
Max Drawdown (1Y)Largest decline over 1 year | -24.36% | -0.27% | -24.09% |
Max Drawdown (3Y)Largest decline over 3 years | -24.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.36% | — | — |
Current DrawdownCurrent decline from peak | -22.35% | -0.11% | -22.24% |
Average DrawdownAverage peak-to-trough decline | -7.62% | -0.10% | -7.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.92% | 0.08% | +8.84% |
Volatility
OUNZ vs. IBIC - Volatility Comparison
VanEck Merk Gold ETF (OUNZ) has a higher volatility of 7.99% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.16%. This indicates that OUNZ's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OUNZ | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.99% | 0.16% | +7.83% |
Volatility (6M)Calculated over the trailing 6-month period | 24.12% | 0.67% | +23.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.34% | 0.89% | +26.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.13% | 1.57% | +16.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 1.57% | +14.54% |
OUNZ vs. IBIC - Expense Ratio Comparison
OUNZ has a 0.25% expense ratio, which is higher than IBIC's 0.10% 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. IBIC - Dividend Comparison
OUNZ has not paid dividends to shareholders, while IBIC's dividend yield for the trailing twelve months is around 3.59%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% |
OUNZ VanEck Merk Gold ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OUNZ and IBIC have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OUNZ has higher volatility (7.99%) compared to IBIC (0.16%). In terms of maximum drawdown, OUNZ dropped -24.36% vs IBIC's -0.90%.
On 1-year performance, OUNZ leads with 24.20% vs 4.38% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, OUNZ has performed better with a 24.20% return vs 4.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.25% for OUNZ.
IBIC has the higher dividend yield at 3.59%, compared with 0.00% for OUNZ.
OUNZ is categorized as Gold, while IBIC is Inflation-Protected Bonds. OUNZ tracks LBMA Gold Price PM ($/ozt), while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.25% for OUNZ and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.94 vs 0.89), 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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