OUNZ vs. IDMO
OUNZ (VanEck Merk Gold ETF) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - OUNZ is a Gold fund tracking the LBMA Gold Price PM ($/ozt), while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Both are passively managed. Over the past 10 years, OUNZ returned 11.37%/yr vs 12.43%/yr for IDMO. At a 0.18 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
OUNZ vs. IDMO - Performance Comparison
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Returns By Period
In the year-to-date period, OUNZ achieves a -7.16% return, which is significantly lower than IDMO's 9.44% return. Over the past 10 years, OUNZ has underperformed IDMO with an annualized return of 11.37%, while IDMO has yielded a comparatively higher 12.43% annualized return.
OUNZ
- 1D
- -0.23%
- 1M
- -5.03%
- 6M
- -12.66%
- YTD
- -7.16%
- 1Y
- 19.37%
- 3Y*
- 26.53%
- 5Y*
- 17.02%
- 10Y*
- 11.37%
- ALL TIME*
- 9.39%
IDMO
- 1D
- 2.55%
- 1M
- -1.60%
- 6M
- 7.26%
- YTD
- 9.44%
- 1Y
- 21.93%
- 3Y*
- 24.77%
- 5Y*
- 15.15%
- 10Y*
- 12.43%
- ALL TIME*
- 8.98%
OUNZ vs. IDMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OUNZ VanEck Merk Gold ETF | -7.16% | 63.95% | 26.75% | 12.83% | -0.51% | -4.00% | 24.71% | 18.00% | -2.06% | 12.82% |
IDMO Invesco S&P International Developed Momentum ETF | 9.44% | 42.17% | 12.79% | 20.16% | -12.03% | 14.31% | 22.01% | 26.09% | -16.66% | 29.21% |
Correlation
The correlation between OUNZ and IDMO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 16, 2014 | 0.18 |
Over the past year, OUNZ and IDMO have become more correlated (0.46) than their long-term average of 0.18, meaning their price movements have been converging.
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Return for Risk
OUNZ vs. IDMO — Risk / Return Rank
OUNZ
IDMO
OUNZ vs. IDMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Merk Gold ETF (OUNZ) and Invesco S&P International Developed Momentum ETF (IDMO). 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 | IDMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.22 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 1.79 | -1.05 |
| Martin ratioReturn relative to average drawdown | 1.73 | 6.94 | -5.21 |
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Drawdowns
OUNZ vs. IDMO - Drawdown Comparison
The maximum OUNZ drawdown since its inception was -26.31%, smaller than the maximum IDMO drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for OUNZ and IDMO.
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Drawdown Indicators
| OUNZ | IDMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.31% | -39.38% | +13.07% |
Max Drawdown (1Y)Largest decline over 1 year | -26.31% | -12.31% | -14.00% |
Max Drawdown (3Y)Largest decline over 3 years | -26.31% | -12.65% | -13.66% |
Max Drawdown (5Y)Largest decline over 5 years | -26.31% | -27.07% | +0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -26.31% | -31.34% | +5.03% |
Current DrawdownCurrent decline from peak | -25.79% | -2.90% | -22.89% |
Average DrawdownAverage peak-to-trough decline | -7.73% | -9.69% | +1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.23% | 3.17% | +8.06% |
Volatility
OUNZ vs. IDMO - Volatility Comparison
VanEck Merk Gold ETF (OUNZ) and Invesco S&P International Developed Momentum ETF (IDMO) have volatilities of 6.41% and 6.44%, 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.
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Volatility by Period
| OUNZ | IDMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 6.44% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 23.99% | 17.08% | +6.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.86% | 18.71% | +9.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.33% | 18.15% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 17.91% | -1.79% |
OUNZ vs. IDMO - Expense Ratio Comparison
Both OUNZ and IDMO have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
OUNZ vs. IDMO - Dividend Comparison
OUNZ has not paid dividends to shareholders, while IDMO's dividend yield for the trailing twelve months is around 3.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDMO Invesco S&P International Developed Momentum ETF | 3.65% | 3.71% | 2.24% | 2.89% | 3.66% | 1.81% | 1.63% | 2.78% | 3.27% | 3.08% | 2.18% | 2.52% |
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 IDMO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDMO has higher volatility (6.44%) compared to OUNZ (6.41%). In terms of maximum drawdown, OUNZ dropped -26.31% vs IDMO's -39.38%.
On 10-year performance, IDMO leads with 12.43% vs 11.37% for OUNZ. Both ETFs have the same 0.25% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IDMO has performed better with a 12.43% return vs 11.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OUNZ and IDMO have the same expense ratio: 0.25% per year.
IDMO has the higher dividend yield at 3.65%, compared with 0.00% for OUNZ.
OUNZ is categorized as Gold, while IDMO is Momentum. OUNZ tracks LBMA Gold Price PM ($/ozt), while IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. They also come from different issuers: VanEck and Invesco.
IDMO currently has the higher Sharpe Ratio (1.18 vs 0.70), 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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