NVG vs OUNZ
Comparison between Nuveen AMT-Free Municipal Credit Income Fund (NVG, ETF) and VanEck Merk Gold Trust (OUNZ, ETF).
5-Year PerformanceOUNZ has outperformed NVG, delivering a return of +18.0% compared to -0.4%
NVG vs OUNZ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
NVG vs OUNZ - Historical Returns
Returns include dividend reinvestment.
NVG vs OUNZ - Annual Returns (2002 - 2026)
Returns include dividend reinvestment.
| Year | NVG | OUNZ |
|---|---|---|
| 2026 | +3.70% | -5.16% |
| 2025 | +9.98% | +61.59% |
| 2024 | +9.69% | +27.01% |
| 2023 | +0.11% | +11.98% |
| 2022 | -27.85% | +0.97% |
| 2021 | +13.29% | -6.17% |
| 2020 | +6.38% | +23.96% |
| 2019 | +23.79% | +17.90% |
| 2018 | -4.20% | -3.19% |
| 2017 | +12.94% | +12.03% |
| 2016 | +5.52% | +6.65% |
| 2015 | +8.10% | -11.15% |
| 2014 | +19.22% | -8.73% |
| 2013 | -15.57% | N/A |
| 2012 | +8.01% | N/A |
| 2011 | +17.91% | N/A |
| 2010 | +1.39% | N/A |
| 2009 | +30.55% | N/A |
| 2008 | -10.71% | N/A |
| 2007 | -6.77% | N/A |
| 2006 | +12.48% | N/A |
| 2005 | +6.29% | N/A |
| 2004 | -0.25% | N/A |
| 2003 | +8.76% | N/A |
| 2002 | +1.41% | N/A |
NVG vs OUNZ Drawdown Comparison
The maximum drawdown for NVG was -41.66%, occurring on Oct 10, 2008. Recovery took 577 trading sessions.
The maximum drawdown for OUNZ was -24.36%, occurring on Jun 10, 2026. This drawdown has not yet recovered.
The current NVG drawdown is -6.42%. The current OUNZ drawdown is -23.82%.
| Rank | NVG | OUNZ |
|---|---|---|
| #1 | -41.66% May 11, 2007 - Aug 25, 2009 | -24.36% Jan 29, 2026 - Jun 10, 2026 |
| #2 | -40.57% Dec 31, 2021 - Oct 25, 2023 | -21.77% Jul 11, 2014 - Jul 5, 2016 |
| #3 | -26.56% Mar 3, 2020 - Dec 3, 2020 | -21.76% Aug 6, 2020 - Mar 1, 2024 |
| #4 | -23.03% Nov 30, 2012 - Jan 13, 2015 | -17.58% Jul 8, 2016 - Jun 20, 2019 |
| #5 | -16.64% Mar 10, 2004 - Feb 3, 2005 | -12.51% Mar 9, 2020 - Apr 9, 2020 |
| #6 | -15.58% Aug 27, 2010 - Sep 9, 2011 | -10.10% Oct 20, 2025 - Dec 22, 2025 |
| #7 | -13.96% Aug 12, 2016 - Aug 1, 2017 | -8.10% Oct 30, 2024 - Jan 30, 2025 |
| #8 | -11.44% Jun 17, 2003 - Jan 12, 2004 | -7.12% Apr 21, 2025 - Jun 13, 2025 |
| #9 | -10.73% Jan 8, 2018 - Mar 4, 2019 | -6.57% Sep 4, 2019 - Jan 6, 2020 |
| #10 | -8.56% Oct 7, 2002 - Mar 11, 2003 | -5.75% May 20, 2024 - Jul 16, 2024 |
| #11 | -8.50% Feb 3, 2005 - May 31, 2005 | -4.93% Dec 26, 2025 - Jan 12, 2026 |
| #12 | -7.72% Sep 1, 2021 - Dec 31, 2021 | -4.91% Feb 24, 2020 - Mar 5, 2020 |
| #13 | -6.58% Feb 8, 2012 - May 11, 2012 | -4.84% Mar 31, 2025 - Apr 10, 2025 |
| #14 | -6.50% Feb 2, 2015 - Dec 11, 2015 | -4.84% Jun 13, 2025 - Aug 29, 2025 |
| #15 | -6.41% Apr 28, 2006 - Jul 31, 2006 | -4.38% Jul 16, 2024 - Aug 12, 2024 |
Correlation
Correlation between NVG and OUNZ is 0.61 which considered as a moderate positive correlation - the stocks show some tendency to move together.
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