OUNZ vs. SGOL
Compare and contrast key facts about VanEck Merk Gold Trust (OUNZ) and Aberdeen Standard Physical Gold Shares ETF (SGOL).
OUNZ and SGOL 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 ($/ozt). It was launched on May 16, 2014. SGOL is a passively managed fund by Abrdn Plc that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Sep 9, 2009. Both OUNZ and SGOL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OUNZ or SGOL.
Performance
OUNZ vs. SGOL - Performance Comparison
Returns By Period
In the year-to-date period, OUNZ achieves a 26.35% return, which is significantly higher than SGOL's 23.91% return. Both investments have delivered pretty close results over the past 10 years, with OUNZ having a 7.74% annualized return and SGOL not far behind at 7.64%.
OUNZ
26.35%
-3.96%
7.50%
31.56%
11.88%
7.74%
SGOL
23.91%
-4.27%
5.89%
29.08%
11.63%
7.64%
Key characteristics
| OUNZ | SGOL | |
|---|---|---|
| Sharpe Ratio | 2.14 | 2.08 |
| Sortino Ratio | 2.88 | 2.79 |
| Omega Ratio | 1.37 | 1.36 |
| Calmar Ratio | 3.89 | 3.76 |
| Martin Ratio | 12.85 | 12.62 |
| Ulcer Index | 2.46% | 2.42% |
| Daily Std Dev | 14.77% | 14.69% |
| Max Drawdown | -21.77% | -45.51% |
| Current Drawdown | -6.25% | -8.11% |
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OUNZ vs. SGOL - Expense Ratio Comparison
OUNZ has a 0.25% expense ratio, which is higher than SGOL'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%.
Correlation
The correlation between OUNZ and SGOL is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
OUNZ vs. SGOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Merk Gold Trust (OUNZ) and Aberdeen Standard Physical Gold Shares ETF (SGOL). 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.
Dividends
OUNZ vs. SGOL - Dividend Comparison
Neither OUNZ nor SGOL has paid dividends to shareholders.
Drawdowns
OUNZ vs. SGOL - Drawdown Comparison
The maximum OUNZ drawdown since its inception was -21.77%, smaller than the maximum SGOL drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for OUNZ and SGOL. For additional features, visit the drawdowns tool.
Volatility
OUNZ vs. SGOL - Volatility Comparison
VanEck Merk Gold Trust (OUNZ) has a higher volatility of 5.66% compared to Aberdeen Standard Physical Gold Shares ETF (SGOL) at 5.16%. This indicates that OUNZ's price experiences larger fluctuations and is considered to be riskier than SGOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.