OUNZ vs. MOTG
Compare and contrast key facts about VanEck Merk Gold Trust (OUNZ) and VanEck Morningstar Global Wide Moat ETF (MOTG).
OUNZ and MOTG 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. MOTG is a passively managed fund by VanEck that tracks the performance of the Morningstar Global Wide Moat Focus Index. It was launched on Oct 30, 2018. Both OUNZ and MOTG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
OUNZ vs. MOTG - Performance Comparison
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OUNZ vs. MOTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
OUNZ VanEck Merk Gold Trust | 8.61% | 63.95% | 26.75% | 12.83% | -0.51% | -4.00% | 24.71% | 18.00% | 5.40% |
MOTG VanEck Morningstar Global Wide Moat ETF | -4.41% | 26.06% | 9.31% | 11.00% | -11.34% | 14.68% | 16.06% | 30.43% | -3.89% |
Returns By Period
In the year-to-date period, OUNZ achieves a 8.61% return, which is significantly higher than MOTG's -4.41% return.
OUNZ
- 1D
- 3.75%
- 1M
- -11.06%
- YTD
- 8.61%
- 6M
- 21.13%
- 1Y
- 49.47%
- 3Y*
- 33.11%
- 5Y*
- 21.74%
- 10Y*
- 14.00%
MOTG
- 1D
- 3.11%
- 1M
- -8.60%
- YTD
- -4.41%
- 6M
- -2.94%
- 1Y
- 12.18%
- 3Y*
- 11.60%
- 5Y*
- 6.75%
- 10Y*
- —
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OUNZ vs. MOTG - Expense Ratio Comparison
OUNZ has a 0.25% expense ratio, which is lower than MOTG's 0.52% expense ratio.
Return for Risk
OUNZ vs. MOTG — Risk / Return Rank
OUNZ
MOTG
OUNZ vs. MOTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Merk Gold Trust (OUNZ) and VanEck Morningstar Global Wide Moat ETF (MOTG). 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.
| OUNZ | MOTG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.80 | 0.72 | +1.09 |
Sortino ratioReturn per unit of downside risk | 2.24 | 1.13 | +1.11 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.15 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.70 | 0.95 | +1.74 |
Martin ratioReturn relative to average drawdown | 9.98 | 3.81 | +6.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OUNZ | MOTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 0.72 | +1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.24 | 0.43 | +0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.62 | +0.09 |
Correlation
The correlation between OUNZ and MOTG is 0.15, 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.
Dividends
OUNZ vs. MOTG - Dividend Comparison
OUNZ has not paid dividends to shareholders, while MOTG's dividend yield for the trailing twelve months is around 18.57%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
OUNZ VanEck Merk Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MOTG VanEck Morningstar Global Wide Moat ETF | 18.57% | 17.75% | 5.60% | 1.86% | 3.64% | 5.88% | 2.96% | 3.91% | 0.45% |
Drawdowns
OUNZ vs. MOTG - Drawdown Comparison
The maximum OUNZ drawdown since its inception was -21.77%, smaller than the maximum MOTG drawdown of -31.82%. Use the drawdown chart below to compare losses from any high point for OUNZ and MOTG.
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Drawdown Indicators
| OUNZ | MOTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.77% | -31.82% | +10.05% |
Max Drawdown (1Y)Largest decline over 1 year | -19.14% | -12.56% | -6.58% |
Max Drawdown (5Y)Largest decline over 5 years | -21.01% | -24.29% | +3.28% |
Max Drawdown (10Y)Largest decline over 10 years | -21.76% | — | — |
Current DrawdownCurrent decline from peak | -13.18% | -9.65% | -3.53% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -4.93% | -2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.17% | 3.14% | +2.03% |
Volatility
OUNZ vs. MOTG - Volatility Comparison
VanEck Merk Gold Trust (OUNZ) has a higher volatility of 10.95% compared to VanEck Morningstar Global Wide Moat ETF (MOTG) at 6.71%. This indicates that OUNZ's price experiences larger fluctuations and is considered to be riskier than MOTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OUNZ | MOTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.95% | 6.71% | +4.24% |
Volatility (6M)Calculated over the trailing 6-month period | 24.08% | 10.49% | +13.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.59% | 17.07% | +10.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.65% | 15.70% | +1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 17.89% | -2.01% |