OUNZ vs. VYGR
OUNZ (VanEck Merk Gold Trust) is Precious Metals fund tracking the LBMA Gold Price PM ($/ozt), while VYGR (Voyager Therapeutics, Inc.) is a stock. Over the past 10 years, OUNZ returned 12.42%/yr vs -12.79%/yr for VYGR. At a 0.01 correlation, their price movements are largely independent.
Performance
OUNZ vs. VYGR - Performance Comparison
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Returns By Period
In the year-to-date period, OUNZ achieves a 0.07% return, which is significantly higher than VYGR's -7.63% return. Over the past 10 years, OUNZ has outperformed VYGR with an annualized return of 12.42%, while VYGR has yielded a comparatively lower -12.79% annualized return.
OUNZ
- 1D
- 2.54%
- 1M
- -5.03%
- YTD
- 0.07%
- 6M
- 0.22%
- 1Y
- 25.45%
- 3Y*
- 29.89%
- 5Y*
- 18.45%
- 10Y*
- 12.42%
VYGR
- 1D
- 3.71%
- 1M
- -3.59%
- YTD
- -7.63%
- 6M
- -16.74%
- 1Y
- 10.00%
- 3Y*
- -34.59%
- 5Y*
- -5.51%
- 10Y*
- -12.79%
OUNZ vs. VYGR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OUNZ VanEck Merk Gold Trust | 0.07% | 63.95% | 26.75% | 12.83% | -0.51% | -4.00% | 24.71% | 18.00% | -2.06% | 12.82% |
VYGR Voyager Therapeutics, Inc. | -7.63% | -30.69% | -32.82% | 38.36% | 125.09% | -62.10% | -48.75% | 48.40% | -43.37% | 30.30% |
Correlation
The correlation between OUNZ and VYGR is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2015 | 0.01 |
The correlation between OUNZ and VYGR shifts across timeframes, from 0.01 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
OUNZ vs. VYGR — Risk / Return Rank
OUNZ
VYGR
OUNZ vs. VYGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Merk Gold Trust (OUNZ) and Voyager Therapeutics, Inc. (VYGR). 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 | VYGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.08 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 0.27 | +0.78 |
| Martin ratioReturn relative to average drawdown | 3.00 | 0.48 | +2.52 |
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Drawdowns
OUNZ vs. VYGR - Drawdown Comparison
The maximum OUNZ drawdown since its inception was -24.36%, smaller than the maximum VYGR drawdown of -92.11%. Use the drawdown chart below to compare losses from any high point for OUNZ and VYGR.
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Drawdown Indicators
| OUNZ | VYGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.36% | -92.11% | +67.75% |
Max Drawdown (1Y)Largest decline over 1 year | -24.36% | -37.71% | +13.35% |
Max Drawdown (3Y)Largest decline over 3 years | -24.36% | -80.49% | +56.13% |
Max Drawdown (5Y)Largest decline over 5 years | -24.36% | -80.49% | +56.13% |
Max Drawdown (10Y)Largest decline over 10 years | -24.36% | -92.11% | +67.75% |
Current DrawdownCurrent decline from peak | -20.00% | -88.41% | +68.41% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -66.91% | +59.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.54% | 21.10% | -12.56% |
Volatility
OUNZ vs. VYGR - Volatility Comparison
The current volatility for VanEck Merk Gold Trust (OUNZ) is 8.30%, while Voyager Therapeutics, Inc. (VYGR) has a volatility of 19.66%. This indicates that OUNZ experiences smaller price fluctuations and is considered to be less risky than VYGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OUNZ | VYGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.30% | 19.66% | -11.36% |
Volatility (6M)Calculated over the trailing 6-month period | 24.01% | 43.72% | -19.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.27% | 65.19% | -37.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.17% | 80.85% | -62.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 75.87% | -59.76% |
Dividends
OUNZ vs. VYGR - Dividend Comparison
Neither OUNZ nor VYGR has paid dividends to shareholders.
Frequently Asked Questions
OUNZ and VYGR have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VYGR has higher volatility (19.66%) compared to OUNZ (8.30%). In terms of maximum drawdown, OUNZ dropped -24.36% vs VYGR's -92.11%.
OUNZ currently has the higher Sharpe Ratio (0.94 vs 0.15), 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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