MUNI vs OUNZ

Comparison between PIMCO INTERMEDIATE MUNICIPAL BOND ACTIVE EXCHANGE-TRADED FUND (MUNI, ETF) and VanEck Merk Gold Trust (OUNZ, ETF).

5-Year PerformanceOUNZ has outperformed MUNI, delivering a return of +20.6% compared to +1.3%

MUNI vs OUNZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MUNI(ETF)	OUNZ(ETF)
Net Assets	$2.80B	$2.80B
Expense Ratio	0.35%	0.25%
Max Drawdown	13.40%	21.77%
Sharpe Ratio	0.95	1.25
5Y Beta	0.05	0.18
5Y Dividends CAGR	12.82%	N/A

Net Assets

MUNI

$2.80B

OUNZ

$2.80B

Expense Ratio

MUNI

0.35%

Winner

OUNZ

0.25%

Max Drawdown

Winner

MUNI

13.40%

OUNZ

21.77%

Sharpe Ratio

MUNI

0.95

Winner

OUNZ

1.25

5Y Beta

Winner

MUNI

0.05

OUNZ

0.18

5Y Dividends CAGR

MUNI

12.82%

OUNZ

N/A

MUNI vs OUNZ - Historical Returns

Returns include dividend reinvestment.

Period	MUNI	OUNZ
1 month	+0.54%	-0.18%
3 months	-0.23%	-7.06%
6 months	+1.38%	+17.85%
1 year	+6.07%	+42.64%
5 years(CAGR)	+1.31%	+20.56%
10 years(CAGR)	+2.16%	+13.75%
Max(CAGR)	+2.75%	+11.05%

Winner

MUNI

+0.54%

OUNZ

-0.18%

Winner

MUNI

-0.23%

OUNZ

-7.06%

MUNI

+1.38%

Winner

OUNZ

+17.85%

MUNI

+6.07%

Winner

OUNZ

+42.64%

5Y(CAGR)

MUNI

+1.31%

Winner

OUNZ

+20.56%

10Y(CAGR)

MUNI

+2.16%

Winner

OUNZ

+13.75%

Max(CAGR)

MUNI

+2.75%

Winner

OUNZ

+11.05%

MUNI vs OUNZ - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	MUNI	OUNZ
2026	+1.01%	+9.00%
2025	+4.61%	+61.59%
2024	+1.60%	+27.01%
2023	+5.98%	+11.98%
2022	-6.69%	+0.97%
2021	+0.64%	-6.17%
2020	+4.77%	+23.96%
2019	+6.95%	+17.90%
2018	+1.10%	-3.19%
2017	+4.72%	+12.03%
2016	-0.48%	+6.65%
2015	+2.66%	-11.15%
2014	+5.58%	-8.73%
2013	-2.51%	N/A
2012	+4.73%	N/A
2011	+8.18%	N/A
2010	+3.95%	N/A
2009	-0.37%	N/A

MUNI vs OUNZ Drawdown Comparison

The maximum drawdown for MUNI was -11.15%, occurring on Oct 25, 2022. Recovery took 766 trading sessions.

The maximum drawdown for OUNZ was -21.77%, occurring on Dec 17, 2015. Recovery took 499 trading sessions.

The current MUNI drawdown is -0.94%. The current OUNZ drawdown is -12.45%.

Rank	MUNI	OUNZ
#1	-11.15% Jul 19, 2021 - Aug 5, 2024	-21.77% Jul 11, 2014 - Jul 5, 2016
#2	-10.81% Mar 9, 2020 - Jul 16, 2020	-21.76% Aug 6, 2020 - Mar 1, 2024
#3	-6.25% May 2, 2013 - Aug 11, 2014	-19.14% Jan 29, 2026 - Mar 26, 2026
#4	-5.09% Aug 23, 2016 - Aug 14, 2017	-17.58% Jul 8, 2016 - Jun 20, 2019
#5	-4.13% Aug 31, 2010 - May 18, 2011	-12.51% Mar 9, 2020 - Apr 9, 2020
#6	-3.67% Feb 28, 2025 - Sep 5, 2025	-10.10% Oct 20, 2025 - Dec 22, 2025
#7	-2.70% Jan 30, 2015 - Dec 1, 2015	-8.10% Oct 30, 2024 - Jan 30, 2025
#8	-2.29% Feb 27, 2026 - Mar 26, 2026	-7.12% Apr 21, 2025 - Jun 13, 2025
#9	-2.27% Oct 2, 2024 - Dec 6, 2024	-6.57% Sep 4, 2019 - Jan 6, 2020
#10	-2.26% Dec 6, 2024 - Feb 26, 2025	-5.75% May 20, 2024 - Jul 16, 2024
#11	-2.25% Sep 22, 2011 - Dec 6, 2011	-4.93% Dec 26, 2025 - Jan 12, 2026
#12	-1.99% Dec 5, 2012 - May 1, 2013	-4.91% Feb 24, 2020 - Mar 5, 2020
#13	-1.80% Sep 8, 2017 - Aug 15, 2018	-4.84% Mar 31, 2025 - Apr 10, 2025
#14	-1.73% Feb 11, 2021 - Jun 9, 2021	-4.84% Jun 13, 2025 - Aug 29, 2025
#15	-1.66% Mar 12, 2010 - May 21, 2010	-4.38% Jul 16, 2024 - Aug 12, 2024