OUNZ vs. VOO
Compare and contrast key facts about VanEck Merk Gold Trust (OUNZ) and Vanguard S&P 500 ETF (VOO).
OUNZ and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both OUNZ and VOO 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 VOO.
Performance
OUNZ vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, OUNZ achieves a 26.35% return, which is significantly higher than VOO's 24.51% return. Over the past 10 years, OUNZ has underperformed VOO with an annualized return of 7.74%, while VOO has yielded a comparatively higher 13.12% annualized return.
OUNZ
26.35%
-3.96%
7.50%
31.56%
11.88%
7.74%
VOO
24.51%
0.61%
11.38%
32.00%
15.30%
13.12%
Key characteristics
| OUNZ | VOO | |
|---|---|---|
| Sharpe Ratio | 2.14 | 2.64 |
| Sortino Ratio | 2.88 | 3.53 |
| Omega Ratio | 1.37 | 1.49 |
| Calmar Ratio | 3.89 | 3.81 |
| Martin Ratio | 12.85 | 17.34 |
| Ulcer Index | 2.46% | 1.86% |
| Daily Std Dev | 14.77% | 12.20% |
| Max Drawdown | -21.77% | -33.99% |
| Current Drawdown | -6.25% | -2.16% |
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OUNZ vs. VOO - Expense Ratio Comparison
OUNZ has a 0.25% expense ratio, which is higher than VOO's 0.03% 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 VOO is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
OUNZ vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Merk Gold Trust (OUNZ) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
OUNZ has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.26%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OUNZ VanEck Merk Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.26% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
OUNZ vs. VOO - Drawdown Comparison
The maximum OUNZ drawdown since its inception was -21.77%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for OUNZ and VOO. For additional features, visit the drawdowns tool.
Volatility
OUNZ vs. VOO - Volatility Comparison
VanEck Merk Gold Trust (OUNZ) has a higher volatility of 5.66% compared to Vanguard S&P 500 ETF (VOO) at 4.07%. This indicates that OUNZ's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.