OUNZ vs. RSST

Last updated Jul 22, 2026

OUNZ (VanEck Merk Gold ETF) and RSST (Return Stacked U.S. Stocks & Managed Futures ETF) are both exchange-traded funds - OUNZ is a Gold fund tracking the LBMA Gold Price PM ($/ozt), while RSST is a Large Cap Blend Equities fund actively managed by Return Stacked. OUNZ is passively managed, while RSST is actively managed. Over the past year, OUNZ returned 19.91% vs 39.99% for RSST. At a 0.28 correlation, their price movements are largely independent. OUNZ charges 0.25%/yr vs 0.99%/yr for RSST.

Performance

OUNZ vs. RSST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Merk Gold ETF (OUNZ) and Return Stacked U.S. Stocks & Managed Futures ETF (RSST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OUNZ achieves a -5.33% return, which is significantly lower than RSST's 17.85% return.

OUNZ

• 1D: 1.97%
• 1M: -3.16%
• 6M: -14.22%
• YTD: -5.33%
• 1Y: 19.91%
• 3Y*: 27.36%
• 5Y*: 17.44%
• 10Y*: 11.59%
• ALL TIME*: 9.56%

RSST

• 1D: 2.11%
• 1M: 1.29%
• 6M: 15.73%
• YTD: 17.85%
• 1Y: 39.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

OUNZ vs. RSST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
OUNZ VanEck Merk Gold ETF	-5.33%	63.95%	26.75%	7.08%
RSST Return Stacked U.S. Stocks & Managed Futures ETF	17.85%	19.91%	18.37%	1.58%

Correlation

The correlation between OUNZ and RSST is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (All Time) Calculated using the full available price history since Sep 6, 2023	0.28

The correlation between OUNZ and RSST shifts across timeframes, from 0.28 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

OUNZ vs. RSST — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OUNZ

OUNZ Risk / Return Rank: 25
OUNZ Sharpe Ratio Rank: 27
OUNZ Sortino Ratio Rank: 25
OUNZ Omega Ratio Rank: 29
OUNZ Calmar Ratio Rank: 23
OUNZ Martin Ratio Rank: 22

RSST

RSST Risk / Return Rank: 71
RSST Sharpe Ratio Rank: 71
RSST Sortino Ratio Rank: 60
RSST Omega Ratio Rank: 67
RSST Calmar Ratio Rank: 85
RSST Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OUNZ vs. RSST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Merk Gold ETF (OUNZ) and Return Stacked U.S. Stocks & Managed Futures ETF (RSST). 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	RSST	Difference
Sharpe ratio: Return per unit of total volatility	0.72	1.71	-0.99
Sortino ratio: Return per unit of downside risk	1.06	2.13	-1.07
Omega ratio: Gain probability vs. loss probability	1.15	1.30	-0.15
Calmar ratio: Return relative to maximum drawdown	0.76	3.43	-2.67
Martin ratio: Return relative to average drawdown	1.76	10.05	-8.29

OUNZ vs. RSST - Sharpe Ratio Comparison

The current OUNZ Sharpe Ratio is 0.72, which is lower than the RSST Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of OUNZ and RSST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OUNZ vs. RSST - Drawdown Comparison

The maximum OUNZ drawdown since its inception was -26.31%, smaller than the maximum RSST drawdown of -30.80%. Use the drawdown chart below to compare losses from any high point for OUNZ and RSST.

Drawdown Indicators

	OUNZ	RSST	Difference
Max Drawdown Largest peak-to-trough decline	-26.31%	-30.80%	+4.49%
Max Drawdown (1Y) Largest decline over 1 year	-26.31%	-11.71%	-14.60%
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 Drawdown Current decline from peak	-24.32%	-3.88%	-20.44%
Average Drawdown Average peak-to-trough decline	-7.73%	-6.03%	-1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.33%	3.99%	+7.34%

Volatility

OUNZ vs. RSST - Volatility Comparison

VanEck Merk Gold ETF (OUNZ) has a higher volatility of 6.78% compared to Return Stacked U.S. Stocks & Managed Futures ETF (RSST) at 5.31%. This indicates that OUNZ's price experiences larger fluctuations and is considered to be riskier than RSST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OUNZ	RSST	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.78%	5.31%	+1.47%
Volatility (6M) Calculated over the trailing 6-month period	24.08%	16.98%	+7.10%
Volatility (1Y) Calculated over the trailing 1-year period	27.86%	23.53%	+4.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.35%	24.32%	-5.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.13%	24.32%	-8.19%

OUNZ vs. RSST - Expense Ratio Comparison

OUNZ has a 0.25% expense ratio, which is lower than RSST's 0.99% expense ratio.

Dividends

OUNZ vs. RSST - Dividend Comparison

OUNZ has not paid dividends to shareholders, while RSST's dividend yield for the trailing twelve months is around 0.95%.

Position	TTM	2025	2024	2023
OUNZ VanEck Merk Gold ETF	0.00%	0.00%	0.00%	0.00%
RSST Return Stacked U.S. Stocks & Managed Futures ETF	0.95%	1.12%	0.09%	0.93%

Frequently Asked Questions

Can I hold both OUNZ and RSST in my portfolio?

OUNZ and RSST have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OUNZ or RSST?

OUNZ has higher volatility (6.78%) compared to RSST (5.31%). In terms of maximum drawdown, OUNZ dropped -26.31% vs RSST's -30.80%.

Which ETF is better, OUNZ or RSST?

On 1-year performance, RSST leads with 39.99% vs 19.91% for OUNZ. On fees, OUNZ is cheaper at 0.25% per year. On volatility, RSST has been the lower-risk option at 5.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OUNZ or RSST?

Over the 1-year period, RSST has performed better with a 39.99% return vs 19.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OUNZ or RSST?

OUNZ is cheaper with a 0.25% expense ratio, compared with 0.99% for RSST.

Which ETF pays a higher dividend yield, OUNZ or RSST?

RSST has the higher dividend yield at 0.95%, compared with 0.00% for OUNZ.

What is the main difference between OUNZ and RSST?

OUNZ is categorized as Gold, while RSST is Large Cap Blend Equities. They also come from different issuers: VanEck and Return Stacked. Their fees differ too: 0.25% for OUNZ and 0.99% for RSST.

Which has better risk-adjusted returns?

RSST currently has the higher Sharpe Ratio (1.71 vs 0.72), 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.