BITB vs OUNZ
Comparison between Bitwise Bitcoin ETF (BITB, ETF) and VanEck Merk Gold Trust (OUNZ, ETF).
BITB vs OUNZ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BITB
$2.70B
Winner
OUNZ
$2.80B
Expense Ratio
Winner
BITB
0.20%
OUNZ
0.25%
Max Drawdown
BITB
52.42%
Winner
OUNZ
26.09%
Sharpe Ratio
BITB
-1.01
Winner
OUNZ
0.73
5Y Beta
BITB
1.27
Winner
OUNZ
0.23
BITB vs OUNZ - Historical Returns
Returns include dividend reinvestment.
1M
BITB
-17.74%
Winner
OUNZ
-8.81%
3M
BITB
-11.83%
Winner
OUNZ
-6.59%
6M
BITB
-28.92%
Winner
OUNZ
-8.64%
1Y
BITB
-39.79%
Winner
OUNZ
+21.44%
5Y(CAGR)
BITB
N/A
OUNZ
+17.99%
10Y(CAGR)
BITB
N/A
OUNZ
+12.20%
Max(CAGR)
Winner
BITB
+12.18%
OUNZ
+9.67%
BITB vs OUNZ - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | BITB | OUNZ |
|---|---|---|
| 2026 | -30.66% | -5.16% |
| 2025 | -10.26% | +61.59% |
| 2024 | +99.10% | +27.01% |
| 2023 | N/A | +11.98% |
| 2022 | N/A | +0.97% |
| 2021 | N/A | -6.17% |
| 2020 | N/A | +23.96% |
| 2019 | N/A | +17.90% |
| 2018 | N/A | -3.19% |
| 2017 | N/A | +12.03% |
| 2016 | N/A | +6.65% |
| 2015 | N/A | -11.15% |
| 2014 | N/A | -8.73% |
BITB vs OUNZ Drawdown Comparison
The maximum drawdown for BITB was -52.04%, occurring on Jun 5, 2026. This drawdown has not yet recovered.
The maximum drawdown for OUNZ was -24.36%, occurring on Jun 10, 2026. This drawdown has not yet recovered.
The current BITB drawdown is -50.43%. The current OUNZ drawdown is -23.82%.
| Rank | BITB | OUNZ |
|---|---|---|
| #1 | -52.04% Oct 6, 2025 - Jun 5, 2026 | -24.36% Jan 29, 2026 - Jun 10, 2026 |
| #2 | -28.19% Dec 17, 2024 - May 20, 2025 | -21.77% Jul 11, 2014 - Jul 5, 2016 |
| #3 | -27.44% Mar 13, 2024 - Nov 6, 2024 | -21.76% Aug 6, 2020 - Mar 1, 2024 |
| #4 | -16.25% Jan 11, 2024 - Feb 9, 2024 | -17.58% Jul 8, 2016 - Jun 20, 2019 |
| #5 | -11.96% Aug 13, 2025 - Oct 6, 2025 | -12.51% Mar 9, 2020 - Apr 9, 2020 |
| #6 | -8.50% Mar 4, 2024 - Mar 7, 2024 | -10.10% Oct 20, 2025 - Dec 22, 2025 |
| #7 | -8.45% Nov 22, 2024 - Dec 6, 2024 | -8.10% Oct 30, 2024 - Jan 30, 2025 |
| #8 | -8.38% May 22, 2025 - Jul 9, 2025 | -7.12% Apr 21, 2025 - Jun 13, 2025 |
| #9 | -5.73% Jul 14, 2025 - Aug 13, 2025 | -6.57% Sep 4, 2019 - Jan 6, 2020 |
| #10 | -5.30% Dec 6, 2024 - Dec 13, 2024 | -5.75% May 20, 2024 - Jul 16, 2024 |
| #11 | -2.48% Nov 13, 2024 - Nov 15, 2024 | -4.93% Dec 26, 2025 - Jan 12, 2026 |
| #12 | -1.94% Feb 20, 2024 - Feb 22, 2024 | -4.91% Feb 24, 2020 - Mar 5, 2020 |
| #13 | -1.83% Feb 22, 2024 - Feb 26, 2024 | -4.84% Mar 31, 2025 - Apr 10, 2025 |
| #14 | -1.50% Feb 12, 2024 - Feb 14, 2024 | -4.84% Jun 13, 2025 - Aug 29, 2025 |
| #15 | -0.94% Mar 11, 2024 - Mar 13, 2024 | -4.38% Jul 16, 2024 - Aug 12, 2024 |
Correlation
Correlation between BITB and OUNZ is 0.26 which considered as a very weak or no correlation - the stocks move independently of each other.
0.26
-101
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