CGHM vs OUNZ
Comparison between CAPITAL GROUP MUNICIPAL HIGH-INCOME ETF SHARE CLASS (CGHM, ETF) and VanEck Merk Gold Trust (OUNZ, ETF).
CGHM vs OUNZ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
CGHM
$2.80B
OUNZ
$2.80B
Expense Ratio
CGHM
0.34%
Winner
OUNZ
0.25%
Max Drawdown
Winner
CGHM
7.39%
OUNZ
21.77%
Sharpe Ratio
Winner
CGHM
1.30
OUNZ
1.25
5Y Beta
Winner
CGHM
-0.00
OUNZ
0.18
CGHM vs OUNZ - Historical Returns
Returns include dividend reinvestment.
1M
Winner
CGHM
+0.80%
OUNZ
-0.18%
3M
Winner
CGHM
+0.87%
OUNZ
-7.06%
6M
CGHM
+2.36%
Winner
OUNZ
+17.85%
1Y
CGHM
+8.31%
Winner
OUNZ
+42.64%
5Y(CAGR)
CGHM
N/A
OUNZ
+20.56%
10Y(CAGR)
CGHM
N/A
OUNZ
+13.75%
Max(CAGR)
CGHM
+4.97%
Winner
OUNZ
+11.05%
CGHM vs OUNZ - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | CGHM | OUNZ |
|---|---|---|
| 2026 | +1.95% | +9.00% |
| 2025 | +4.31% | +61.59% |
| 2024 | +2.71% | +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% |
CGHM vs OUNZ Drawdown Comparison
The maximum drawdown for CGHM was -5.90%, occurring on Apr 11, 2025. Recovery took 134 trading sessions.
The maximum drawdown for OUNZ was -21.77%, occurring on Dec 17, 2015. Recovery took 499 trading sessions.
The current CGHM drawdown is -0.40%. The current OUNZ drawdown is -12.45%.
| Rank | CGHM | OUNZ |
|---|---|---|
| #1 | -5.90% Feb 28, 2025 - Sep 11, 2025 | -21.77% Jul 11, 2014 - Jul 5, 2016 |
| #2 | -2.83% Dec 6, 2024 - Feb 28, 2025 | -21.76% Aug 6, 2020 - Mar 1, 2024 |
| #3 | -2.56% Oct 1, 2024 - Dec 4, 2024 | -19.14% Jan 29, 2026 - Mar 26, 2026 |
| #4 | -2.55% Feb 27, 2026 - Mar 26, 2026 | -17.58% Jul 8, 2016 - Jun 20, 2019 |
| #5 | -1.20% Aug 5, 2024 - Sep 5, 2024 | -12.51% Mar 9, 2020 - Apr 9, 2020 |
| #6 | -0.62% Nov 11, 2025 - Dec 31, 2025 | -10.10% Oct 20, 2025 - Dec 22, 2025 |
| #7 | -0.53% Sep 17, 2025 - Oct 3, 2025 | -8.10% Oct 30, 2024 - Jan 30, 2025 |
| #8 | -0.44% Jun 27, 2024 - Jul 2, 2024 | -7.12% Apr 21, 2025 - Jun 13, 2025 |
| #9 | -0.39% Oct 22, 2025 - Nov 11, 2025 | -6.57% Sep 4, 2019 - Jan 6, 2020 |
| #10 | -0.35% Jan 15, 2026 - Feb 2, 2026 | -5.75% May 20, 2024 - Jul 16, 2024 |
| #11 | -0.25% Sep 16, 2024 - Sep 26, 2024 | -4.93% Dec 26, 2025 - Jan 12, 2026 |
| #12 | -0.24% Jul 17, 2024 - Jul 26, 2024 | -4.91% Feb 24, 2020 - Mar 5, 2020 |
| #13 | -0.14% Sep 11, 2024 - Sep 13, 2024 | -4.84% Mar 31, 2025 - Apr 10, 2025 |
| #14 | -0.12% Oct 16, 2025 - Oct 20, 2025 | -4.84% Jun 13, 2025 - Aug 29, 2025 |
| #15 | -0.10% Jul 12, 2024 - Jul 16, 2024 | -4.38% Jul 16, 2024 - Aug 12, 2024 |
Correlation
Correlation between CGHM and OUNZ is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
0.86
-101
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