OUNZ vs. REMX
OUNZ (VanEck Merk Gold ETF) and REMX (VanEck Rare Earth and Strategic Metals ETF) are both exchange-traded funds - OUNZ is a Gold fund tracking the LBMA Gold Price PM ($/ozt), while REMX is a Rare Earth & Strategic Metals fund tracking the MarketVector Global Rare Earth/Strategic Metals Index. Both are passively managed. Over the past 10 years, OUNZ returned 11.40%/yr vs 9.96%/yr for REMX. At a 0.17 correlation, their price movements are largely independent. OUNZ charges 0.25%/yr vs 0.59%/yr for REMX.
Performance
OUNZ vs. REMX - Performance Comparison
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Returns By Period
In the year-to-date period, OUNZ achieves a -6.68% return, which is significantly lower than REMX's 20.68% return. Over the past 10 years, OUNZ has outperformed REMX with an annualized return of 11.40%, while REMX has yielded a comparatively lower 9.96% annualized return.
OUNZ
- 1D
- 0.94%
- 1M
- -10.70%
- YTD
- -6.68%
- 6M
- -10.23%
- 1Y
- 20.52%
- 3Y*
- 27.61%
- 5Y*
- 17.45%
- 10Y*
- 11.40%
REMX
- 1D
- -1.61%
- 1M
- -9.85%
- YTD
- 20.68%
- 6M
- 17.18%
- 1Y
- 127.27%
- 3Y*
- 4.39%
- 5Y*
- 3.62%
- 10Y*
- 9.96%
OUNZ vs. REMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OUNZ VanEck Merk Gold ETF | -6.68% | 63.95% | 26.75% | 12.83% | -0.51% | -4.00% | 24.71% | 18.00% | -2.06% | 12.82% |
REMX VanEck Rare Earth and Strategic Metals ETF | 20.68% | 92.95% | -35.02% | -19.18% | -31.13% | 79.81% | 64.82% | 0.74% | -49.63% | 82.60% |
Correlation
The correlation between OUNZ and REMX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since May 16, 2014 | 0.17 |
Over the past year, OUNZ and REMX have become more correlated (0.38) than their long-term average of 0.17, meaning their price movements have been converging.
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Return for Risk
OUNZ vs. REMX — Risk / Return Rank
OUNZ
REMX
OUNZ vs. REMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Merk Gold ETF (OUNZ) and VanEck Rare Earth and Strategic Metals ETF (REMX). 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 | REMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.36 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 5.48 | -4.69 |
| Martin ratioReturn relative to average drawdown | 2.20 | 14.21 | -12.01 |
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Drawdowns
OUNZ vs. REMX - Drawdown Comparison
The maximum OUNZ drawdown since its inception was -26.09%, smaller than the maximum REMX drawdown of -90.20%. Use the drawdown chart below to compare losses from any high point for OUNZ and REMX.
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Drawdown Indicators
| OUNZ | REMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.09% | -90.20% | +64.11% |
Max Drawdown (1Y)Largest decline over 1 year | -26.09% | -23.35% | -2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -26.09% | -62.11% | +36.02% |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | -73.34% | +47.25% |
Max Drawdown (10Y)Largest decline over 10 years | -26.09% | -73.34% | +47.25% |
Current DrawdownCurrent decline from peak | -25.40% | -59.15% | +33.75% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -66.82% | +59.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.33% | 8.99% | +0.34% |
Volatility
OUNZ vs. REMX - Volatility Comparison
The current volatility for VanEck Merk Gold ETF (OUNZ) is 8.64%, while VanEck Rare Earth and Strategic Metals ETF (REMX) has a volatility of 16.51%. This indicates that OUNZ experiences smaller price fluctuations and is considered to be less risky than REMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OUNZ | REMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.64% | 16.51% | -7.87% |
Volatility (6M)Calculated over the trailing 6-month period | 24.28% | 37.20% | -12.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.49% | 50.01% | -22.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.21% | 40.71% | -22.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 37.15% | -21.07% |
OUNZ vs. REMX - Expense Ratio Comparison
OUNZ has a 0.25% expense ratio, which is lower than REMX's 0.59% expense ratio.
Dividends
OUNZ vs. REMX - Dividend Comparison
OUNZ has not paid dividends to shareholders, while REMX's dividend yield for the trailing twelve months is around 1.46%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
REMX VanEck Rare Earth and Strategic Metals ETF | 1.46% | 1.76% | 2.56% | 0.00% | 1.56% | 5.25% | 0.81% | 1.64% | 12.43% | 2.89% | 2.23% | 4.77% |
Frequently Asked Questions
OUNZ and REMX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REMX has higher volatility (16.51%) compared to OUNZ (8.64%). In terms of maximum drawdown, OUNZ dropped -26.09% vs REMX's -90.20%.
On 10-year performance, OUNZ leads with 11.40% vs 9.96% for REMX. On fees, OUNZ is cheaper at 0.25% per year. On volatility, OUNZ has been the lower-risk option at 8.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, OUNZ has performed better with a 11.40% return vs 9.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OUNZ is cheaper with a 0.25% expense ratio, compared with 0.59% for REMX.
REMX has the higher dividend yield at 1.46%, compared with 0.00% for OUNZ.
OUNZ is categorized as Gold, while REMX is Rare Earth & Strategic Metals. OUNZ tracks LBMA Gold Price PM ($/ozt), while REMX tracks MarketVector Global Rare Earth/Strategic Metals Index. Their fees differ too: 0.25% for OUNZ and 0.59% for REMX.
REMX currently has the higher Sharpe Ratio (2.56 vs 0.75), 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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