OUNZ vs. RBIL
OUNZ (VanEck Merk Gold ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - OUNZ is a Gold fund tracking the LBMA Gold Price PM ($/ozt), while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Over the past year, OUNZ returned 25.37% vs 3.81% for RBIL. Their -0.06 correlation means they have often moved in opposite directions in the past. OUNZ charges 0.25%/yr vs 0.17%/yr for RBIL.
Performance
OUNZ vs. RBIL - Performance Comparison
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Returns By Period
In the year-to-date period, OUNZ achieves a -1.59% return, which is significantly lower than RBIL's 2.61% return.
OUNZ
- 1D
- 4.16%
- 1M
- 2.00%
- 6M
- -14.12%
- YTD
- -1.59%
- 1Y
- 25.37%
- 3Y*
- 29.49%
- 5Y*
- 18.97%
- 10Y*
- 11.91%
- ALL TIME*
- 9.88%
RBIL
- 1D
- -0.03%
- 1M
- 0.18%
- 6M
- 2.25%
- YTD
- 2.61%
- 1Y
- 3.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $21.13M | $25.02M | $28.14M | |
| $1.19M | $1.87M | $2.26M |
OUNZ vs. RBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OUNZ VanEck Merk Gold ETF | -1.59% | 45.70% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 2.61% | 2.85% |
Correlation
The correlation between OUNZ and RBIL is -0.14, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.14 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025 | -0.06 |
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Return for Risk
OUNZ vs. RBIL — Risk / Return Rank
OUNZ
RBIL
OUNZ vs. RBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Merk Gold ETF (OUNZ) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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 | RBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.07 | ||
| Sortino ratioReturn per unit of downside risk | -4.85 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 2.00 | -0.82 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 6.80 | -5.83 |
| Martin ratioReturn relative to average drawdown | 2.05 | 27.52 | -25.47 |
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Drawdowns
OUNZ vs. RBIL - Drawdown Comparison
The maximum OUNZ drawdown since its inception was -26.31%, which is greater than RBIL's maximum drawdown of -0.56%. Use the drawdown chart below to compare losses from any high point for OUNZ and RBIL.
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Drawdown Indicators
| OUNZ | RBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.31% | -0.56% | -25.75% |
Max Drawdown (1Y)Largest decline over 1 year | -26.31% | -0.56% | -25.75% |
Max Drawdown (3Y)Largest decline over 3 years | -26.31% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.31% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.31% | — | — |
Current DrawdownCurrent decline from peak | -21.33% | -0.22% | -21.11% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -0.08% | -7.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.40% | 0.14% | +12.26% |
Volatility
OUNZ vs. RBIL - Volatility Comparison
VanEck Merk Gold ETF (OUNZ) has a higher volatility of 7.22% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.28%. This indicates that OUNZ's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OUNZ | RBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.22% | 0.28% | +6.94% |
Volatility (6M)Calculated over the trailing 6-month period | 19.96% | 0.89% | +19.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.16% | 0.96% | +27.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.50% | 1.06% | +17.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.20% | 1.06% | +15.14% |
OUNZ vs. RBIL - Expense Ratio Comparison
OUNZ has a 0.25% expense ratio, which is higher than RBIL's 0.17% 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. RBIL - Dividend Comparison
OUNZ has not paid dividends to shareholders, while RBIL's dividend yield for the trailing twelve months is around 4.16%.
| Position | TTM | 2025 |
|---|---|---|
OUNZ VanEck Merk Gold ETF | 0.00% | 0.00% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 4.16% | 3.65% |
Frequently Asked Questions
OUNZ and RBIL have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OUNZ has higher volatility (7.22%) compared to RBIL (0.28%). In terms of maximum drawdown, OUNZ dropped -26.31% vs RBIL's -0.56%.
On 1-year performance, OUNZ leads with 25.37% vs 3.81% for RBIL. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.28%. 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 25.37% return vs 3.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RBIL is cheaper with a 0.17% expense ratio, compared with 0.25% for OUNZ.
RBIL has the higher dividend yield at 4.16%, compared with 0.00% for OUNZ.
OUNZ is categorized as Gold, while RBIL is Inflation-Protected Bonds. OUNZ tracks LBMA Gold Price PM ($/ozt), while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. They also come from different issuers: VanEck and F/m. Their fees differ too: 0.25% for OUNZ and 0.17% for RBIL.
RBIL currently has the higher Sharpe Ratio (3.98 vs 0.91), 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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