OUNZ vs BITB
Comparison between VanEck Merk Gold Trust (OUNZ, ETF) and Bitwise Bitcoin ETF (BITB, ETF).
OUNZ vs BITB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
OUNZ
$2.80B
Winner
BITB
$2.90B
Expense Ratio
OUNZ
0.25%
Winner
BITB
0.20%
Max Drawdown
Winner
OUNZ
21.77%
BITB
49.38%
Sharpe Ratio
Winner
OUNZ
1.34
BITB
-0.36
5Y Beta
Winner
OUNZ
0.18
BITB
1.27
OUNZ vs BITB - Historical Returns
Returns include dividend reinvestment.
1M
OUNZ
-0.59%
Winner
BITB
+11.78%
3M
OUNZ
-7.03%
Winner
BITB
+21.31%
6M
Winner
OUNZ
+14.49%
BITB
-20.35%
1Y
Winner
OUNZ
+45.99%
BITB
-19.70%
5Y(CAGR)
OUNZ
+20.53%
BITB
N/A
10Y(CAGR)
OUNZ
+13.63%
BITB
N/A
Max(CAGR)
OUNZ
+11.06%
Winner
BITB
+26.92%
OUNZ vs BITB - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | OUNZ | BITB |
|---|---|---|
| 2026 | +9.21% | -8.79% |
| 2025 | +61.59% | -10.26% |
| 2024 | +27.01% | +99.10% |
| 2023 | +11.98% | N/A |
| 2022 | +0.97% | N/A |
| 2021 | -6.17% | N/A |
| 2020 | +23.96% | N/A |
| 2019 | +17.90% | N/A |
| 2018 | -3.19% | N/A |
| 2017 | +12.03% | N/A |
| 2016 | +6.65% | N/A |
| 2015 | -11.15% | N/A |
| 2014 | -8.73% | N/A |
OUNZ vs BITB Drawdown Comparison
The maximum drawdown for OUNZ was -21.77%, occurring on Dec 17, 2015. Recovery took 499 trading sessions.
The maximum drawdown for BITB was -49.38%, occurring on Feb 5, 2026. This drawdown has not yet recovered.
The current OUNZ drawdown is -12.28%. The current BITB drawdown is -34.80%.
| Rank | OUNZ | BITB |
|---|---|---|
| #1 | -21.77% Jul 11, 2014 - Jul 5, 2016 | -49.38% Oct 6, 2025 - Feb 5, 2026 |
| #2 | -21.76% Aug 6, 2020 - Mar 1, 2024 | -28.19% Dec 17, 2024 - May 20, 2025 |
| #3 | -19.14% Jan 29, 2026 - Mar 26, 2026 | -27.44% Mar 13, 2024 - Nov 6, 2024 |
| #4 | -17.58% Jul 8, 2016 - Jun 20, 2019 | -16.25% Jan 11, 2024 - Feb 9, 2024 |
| #5 | -12.51% Mar 9, 2020 - Apr 9, 2020 | -11.96% Aug 13, 2025 - Oct 6, 2025 |
| #6 | -10.10% Oct 20, 2025 - Dec 22, 2025 | -8.50% Mar 4, 2024 - Mar 7, 2024 |
| #7 | -8.10% Oct 30, 2024 - Jan 30, 2025 | -8.45% Nov 22, 2024 - Dec 6, 2024 |
| #8 | -7.12% Apr 21, 2025 - Jun 13, 2025 | -8.38% May 22, 2025 - Jul 9, 2025 |
| #9 | -6.57% Sep 4, 2019 - Jan 6, 2020 | -5.73% Jul 14, 2025 - Aug 13, 2025 |
| #10 | -5.75% May 20, 2024 - Jul 16, 2024 | -5.30% Dec 6, 2024 - Dec 13, 2024 |
| #11 | -4.93% Dec 26, 2025 - Jan 12, 2026 | -2.48% Nov 13, 2024 - Nov 15, 2024 |
| #12 | -4.91% Feb 24, 2020 - Mar 5, 2020 | -1.94% Feb 20, 2024 - Feb 22, 2024 |
| #13 | -4.84% Mar 31, 2025 - Apr 10, 2025 | -1.83% Feb 22, 2024 - Feb 26, 2024 |
| #14 | -4.84% Jun 13, 2025 - Aug 29, 2025 | -1.50% Feb 12, 2024 - Feb 14, 2024 |
| #15 | -4.38% Jul 16, 2024 - Aug 12, 2024 | -0.94% Mar 11, 2024 - Mar 13, 2024 |
Correlation
Correlation between OUNZ and BITB is 0.31 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.31
-101
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