RDIV vs. OUNZ
RDIV (Invesco S&P Ultra Dividend Revenue ETF) and OUNZ (VanEck Merk Gold Trust) are both exchange-traded funds - RDIV is a Mid Cap Value Equities fund tracking the S&P 900 Dividend Revenue-Weighted Index, while OUNZ is a Precious Metals fund tracking the LBMA Gold Price PM ($/ozt). Both are passively managed. Over the past 10 years, RDIV returned 11.04%/yr vs 12.42%/yr for OUNZ. At a 0.03 correlation, their price movements are largely independent. RDIV charges 0.39%/yr vs 0.25%/yr for OUNZ.
Performance
RDIV vs. OUNZ - Performance Comparison
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Returns By Period
In the year-to-date period, RDIV achieves a 14.73% return, which is significantly higher than OUNZ's 0.07% return. Over the past 10 years, RDIV has underperformed OUNZ with an annualized return of 11.04%, while OUNZ has yielded a comparatively higher 12.42% annualized return.
RDIV
- 1D
- -1.73%
- 1M
- 5.67%
- YTD
- 14.73%
- 6M
- 12.64%
- 1Y
- 29.81%
- 3Y*
- 18.46%
- 5Y*
- 10.99%
- 10Y*
- 11.04%
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%
RDIV vs. OUNZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RDIV Invesco S&P Ultra Dividend Revenue ETF | 14.73% | 12.36% | 15.17% | 4.66% | 7.16% | 29.12% | -9.31% | 22.62% | -4.78% | 11.63% |
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% |
Correlation
The correlation between RDIV and OUNZ is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since May 16, 2014 | 0.03 |
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Return for Risk
RDIV vs. OUNZ — Risk / Return Rank
RDIV
OUNZ
RDIV vs. OUNZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Ultra Dividend Revenue ETF (RDIV) and VanEck Merk Gold Trust (OUNZ). 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.
| RDIV | OUNZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.19 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 6.18 | 1.05 | +5.13 |
| Martin ratioReturn relative to average drawdown | 18.36 | 3.00 | +15.36 |
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Drawdowns
RDIV vs. OUNZ - Drawdown Comparison
The maximum RDIV drawdown since its inception was -49.97%, which is greater than OUNZ's maximum drawdown of -24.36%. Use the drawdown chart below to compare losses from any high point for RDIV and OUNZ.
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Drawdown Indicators
| RDIV | OUNZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.97% | -24.36% | -25.61% |
Max Drawdown (1Y)Largest decline over 1 year | -4.84% | -24.36% | +19.52% |
Max Drawdown (3Y)Largest decline over 3 years | -17.91% | -24.36% | +6.45% |
Max Drawdown (5Y)Largest decline over 5 years | -24.89% | -24.36% | -0.53% |
Max Drawdown (10Y)Largest decline over 10 years | -49.97% | -24.36% | -25.61% |
Current DrawdownCurrent decline from peak | -1.73% | -20.00% | +18.27% |
Average DrawdownAverage peak-to-trough decline | -5.85% | -7.60% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 8.54% | -6.91% |
Volatility
RDIV vs. OUNZ - Volatility Comparison
The current volatility for Invesco S&P Ultra Dividend Revenue ETF (RDIV) is 4.07%, while VanEck Merk Gold Trust (OUNZ) has a volatility of 8.30%. This indicates that RDIV experiences smaller price fluctuations and is considered to be less risky than OUNZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RDIV | OUNZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 8.30% | -4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 8.83% | 24.01% | -15.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.26% | 27.27% | -14.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.56% | 18.17% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 16.11% | +5.79% |
RDIV vs. OUNZ - Expense Ratio Comparison
RDIV has a 0.39% expense ratio, which is higher than OUNZ's 0.25% expense ratio.
Dividends
RDIV vs. OUNZ - Dividend Comparison
RDIV's dividend yield for the trailing twelve months is around 3.57%, while OUNZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RDIV Invesco S&P Ultra Dividend Revenue ETF | 3.57% | 3.94% | 4.08% | 3.93% | 3.44% | 3.31% | 4.93% | 3.84% | 4.32% | 4.26% | 2.20% | 4.49% |
Frequently Asked Questions
RDIV and OUNZ have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OUNZ has higher volatility (8.30%) compared to RDIV (4.07%). In terms of maximum drawdown, RDIV dropped -49.97% vs OUNZ's -24.36%.
On 10-year performance, OUNZ leads with 12.42% vs 11.04% for RDIV. On fees, OUNZ is cheaper at 0.25% per year. On volatility, RDIV has been the lower-risk option at 4.07%. 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 12.42% return vs 11.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OUNZ is cheaper with a 0.25% expense ratio, compared with 0.39% for RDIV.
RDIV has the higher dividend yield at 3.57%, compared with 0.00% for OUNZ.
RDIV is categorized as Mid Cap Value Equities, while OUNZ is Precious Metals. RDIV tracks S&P 900 Dividend Revenue-Weighted Index, while OUNZ tracks LBMA Gold Price PM ($/ozt). They also come from different issuers: Invesco and Merk. Their fees differ too: 0.39% for RDIV and 0.25% for OUNZ.
RDIV currently has the higher Sharpe Ratio (2.26 vs 0.94), 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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