OUNZ vs. SCHR
OUNZ (VanEck Merk Gold ETF) and SCHR (Schwab Intermediate-Term U.S. Treasury ETF) are both exchange-traded funds - OUNZ is a Gold fund tracking the LBMA Gold Price PM ($/ozt), while SCHR is a Government Bonds fund tracking the Bloomberg US Treasury 3-10 Year Index. Both are passively managed. Over the past 10 years, OUNZ returned 11.37%/yr vs 1.15%/yr for SCHR. At a 0.38 correlation, their price movements are largely independent. OUNZ charges 0.25%/yr vs 0.05%/yr for SCHR.
Performance
OUNZ vs. SCHR - Performance Comparison
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Returns By Period
In the year-to-date period, OUNZ achieves a -7.16% return, which is significantly lower than SCHR's -0.40% return. Over the past 10 years, OUNZ has outperformed SCHR with an annualized return of 11.37%, while SCHR has yielded a comparatively lower 1.15% annualized return.
OUNZ
- 1D
- -0.23%
- 1M
- -5.03%
- 6M
- -12.66%
- YTD
- -7.16%
- 1Y
- 19.37%
- 3Y*
- 26.53%
- 5Y*
- 17.02%
- 10Y*
- 11.37%
- ALL TIME*
- 9.39%
SCHR
- 1D
- -0.20%
- 1M
- -0.13%
- 6M
- -0.16%
- YTD
- -0.40%
- 1Y
- 2.72%
- 3Y*
- 3.60%
- 5Y*
- -0.11%
- 10Y*
- 1.15%
- ALL TIME*
- 1.91%
OUNZ vs. SCHR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OUNZ VanEck Merk Gold ETF | -7.16% | 63.95% | 26.75% | 12.83% | -0.51% | -4.00% | 24.71% | 18.00% | -2.06% | 12.82% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | -0.40% | 7.33% | 1.42% | 4.27% | -10.58% | -2.62% | 7.72% | 6.18% | 1.46% | 1.59% |
Correlation
The correlation between OUNZ and SCHR is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since May 16, 2014 | 0.38 |
The correlation between OUNZ and SCHR shifts across timeframes, from 0.27 (3 years) to 0.39 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
OUNZ vs. SCHR — Risk / Return Rank
OUNZ
SCHR
OUNZ vs. SCHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Merk Gold ETF (OUNZ) and Schwab Intermediate-Term U.S. Treasury ETF (SCHR). 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 | SCHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.14 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 0.98 | -0.24 |
| Martin ratioReturn relative to average drawdown | 1.73 | 2.42 | -0.69 |
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Drawdowns
OUNZ vs. SCHR - Drawdown Comparison
The maximum OUNZ drawdown since its inception was -26.31%, which is greater than SCHR's maximum drawdown of -16.11%. Use the drawdown chart below to compare losses from any high point for OUNZ and SCHR.
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Drawdown Indicators
| OUNZ | SCHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.31% | -16.11% | -10.20% |
Max Drawdown (1Y)Largest decline over 1 year | -26.31% | -2.79% | -23.52% |
Max Drawdown (3Y)Largest decline over 3 years | -26.31% | -4.35% | -21.96% |
Max Drawdown (5Y)Largest decline over 5 years | -26.31% | -15.07% | -11.24% |
Max Drawdown (10Y)Largest decline over 10 years | -26.31% | -16.11% | -10.20% |
Current DrawdownCurrent decline from peak | -25.79% | -2.33% | -23.46% |
Average DrawdownAverage peak-to-trough decline | -7.73% | -3.63% | -4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.23% | 1.13% | +10.10% |
Volatility
OUNZ vs. SCHR - Volatility Comparison
VanEck Merk Gold ETF (OUNZ) has a higher volatility of 6.41% compared to Schwab Intermediate-Term U.S. Treasury ETF (SCHR) at 1.01%. This indicates that OUNZ's price experiences larger fluctuations and is considered to be riskier than SCHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OUNZ | SCHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 1.01% | +5.40% |
Volatility (6M)Calculated over the trailing 6-month period | 23.99% | 2.59% | +21.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.86% | 3.43% | +24.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.33% | 5.39% | +12.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 4.47% | +11.65% |
OUNZ vs. SCHR - Expense Ratio Comparison
OUNZ has a 0.25% expense ratio, which is higher than SCHR's 0.05% 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. SCHR - Dividend Comparison
OUNZ has not paid dividends to shareholders, while SCHR's dividend yield for the trailing twelve months is around 3.94%.
| 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% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | 3.94% | 3.85% | 3.77% | 3.16% | 2.02% | 1.00% | 1.62% | 2.31% | 2.11% | 1.65% | 1.45% | 1.56% |
Frequently Asked Questions
OUNZ and SCHR have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OUNZ has higher volatility (6.41%) compared to SCHR (1.01%). In terms of maximum drawdown, OUNZ dropped -26.31% vs SCHR's -16.11%.
On 10-year performance, OUNZ leads with 11.37% vs 1.15% for SCHR. On fees, SCHR is cheaper at 0.05% per year. On volatility, SCHR has been the lower-risk option at 1.01%. 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 11.37% return vs 1.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHR is cheaper with a 0.05% expense ratio, compared with 0.25% for OUNZ.
SCHR has the higher dividend yield at 3.94%, compared with 0.00% for OUNZ.
OUNZ is categorized as Gold, while SCHR is Government Bonds. OUNZ tracks LBMA Gold Price PM ($/ozt), while SCHR tracks Bloomberg US Treasury 3-10 Year Index. They also come from different issuers: VanEck and Charles Schwab. Their fees differ too: 0.25% for OUNZ and 0.05% for SCHR.
SCHR currently has the higher Sharpe Ratio (0.80 vs 0.70), 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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