OUNZ vs. PPLT
Compare and contrast key facts about VanEck Merk Gold Trust (OUNZ) and Aberdeen Standard Physical Platinum Shares ETF (PPLT).
OUNZ and PPLT 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 ($/ozt). It was launched on May 16, 2014. PPLT is a passively managed fund by Aberdeen that tracks the performance of the Platinum London PM Fix ($/ozt). It was launched on Jan 8, 2010. Both OUNZ and PPLT 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. PPLT - Performance Comparison
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OUNZ vs. PPLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OUNZ VanEck Merk Gold Trust | 8.61% | 63.95% | 26.75% | 12.83% | -0.51% | -4.00% | 24.71% | 18.00% | -2.06% | 12.82% |
PPLT Aberdeen Standard Physical Platinum Shares ETF | -4.40% | 124.48% | -8.90% | -8.18% | 10.43% | -10.75% | 10.78% | 20.85% | -14.95% | 2.38% |
Returns By Period
In the year-to-date period, OUNZ achieves a 8.61% return, which is significantly higher than PPLT's -4.40% return. Over the past 10 years, OUNZ has outperformed PPLT with an annualized return of 14.00%, while PPLT has yielded a comparatively lower 6.81% annualized 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%
PPLT
- 1D
- 3.49%
- 1M
- -17.00%
- YTD
- -4.40%
- 6M
- 24.74%
- 1Y
- 95.06%
- 3Y*
- 24.69%
- 5Y*
- 9.44%
- 10Y*
- 6.81%
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OUNZ vs. PPLT - Expense Ratio Comparison
OUNZ has a 0.25% expense ratio, which is lower than PPLT's 0.60% expense ratio.
Return for Risk
OUNZ vs. PPLT — Risk / Return Rank
OUNZ
PPLT
OUNZ vs. PPLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Merk Gold Trust (OUNZ) and Aberdeen Standard Physical Platinum Shares ETF (PPLT). 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 | PPLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.80 | 1.95 | -0.14 |
Sortino ratioReturn per unit of downside risk | 2.24 | 2.20 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.34 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.70 | 2.85 | -0.16 |
Martin ratioReturn relative to average drawdown | 9.98 | 8.64 | +1.34 |
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 | PPLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 1.95 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.24 | 0.30 | +0.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.24 | +0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.03 | +0.68 |
Correlation
The correlation between OUNZ and PPLT is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
OUNZ vs. PPLT - Dividend Comparison
Neither OUNZ nor PPLT has paid dividends to shareholders.
Drawdowns
OUNZ vs. PPLT - Drawdown Comparison
The maximum OUNZ drawdown since its inception was -21.77%, smaller than the maximum PPLT drawdown of -70.73%. Use the drawdown chart below to compare losses from any high point for OUNZ and PPLT.
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Drawdown Indicators
| OUNZ | PPLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.77% | -70.73% | +48.96% |
Max Drawdown (1Y)Largest decline over 1 year | -19.14% | -34.41% | +15.27% |
Max Drawdown (5Y)Largest decline over 5 years | -21.01% | -34.74% | +13.73% |
Max Drawdown (10Y)Largest decline over 10 years | -21.76% | -51.14% | +29.38% |
Current DrawdownCurrent decline from peak | -13.18% | -29.34% | +16.16% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -40.08% | +32.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.17% | 11.36% | -6.19% |
Volatility
OUNZ vs. PPLT - Volatility Comparison
The current volatility for VanEck Merk Gold Trust (OUNZ) is 10.95%, while Aberdeen Standard Physical Platinum Shares ETF (PPLT) has a volatility of 16.06%. This indicates that OUNZ experiences smaller price fluctuations and is considered to be less risky than PPLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OUNZ | PPLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.95% | 16.06% | -5.11% |
Volatility (6M)Calculated over the trailing 6-month period | 24.08% | 44.64% | -20.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.59% | 49.13% | -21.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.65% | 32.03% | -14.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 28.73% | -12.85% |