OUNZ vs CLIP

Comparison between VanEck Merk Gold Trust (OUNZ, ETF) and GLOBAL X 1-3 MONTH T-BILL ETF (CLIP, ETF).

OUNZ vs CLIP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OUNZ(ETF)	CLIP(ETF)
Net Assets	$2.80B	$2.80B
Expense Ratio	0.25%	0.07%
Max Drawdown	24.36%	0.56%
Sharpe Ratio	0.82	0.78
5Y Beta	0.23	-0.00

Net Assets

OUNZ

$2.80B

CLIP

$2.80B

Expense Ratio

OUNZ

0.25%

Winner

CLIP

0.07%

Max Drawdown

OUNZ

24.36%

Winner

CLIP

0.56%

Sharpe Ratio

Winner

OUNZ

0.82

CLIP

0.78

5Y Beta

OUNZ

0.23

Winner

CLIP

-0.00

OUNZ vs CLIP - Historical Returns

Returns include dividend reinvestment.

Period	OUNZ	CLIP
1 month	-7.12%	+0.27%
3 months	-15.33%	+0.91%
6 months	-2.61%	+1.79%
1 year	+24.76%	+3.93%
5 years(CAGR)	+18.75%	N/A
10 years(CAGR)	+12.21%	N/A
Max(CAGR)	+9.95%	+4.68%

OUNZ

-7.12%

Winner

CLIP

+0.27%

OUNZ

-15.33%

Winner

CLIP

+0.91%

OUNZ

-2.61%

Winner

CLIP

+1.79%

Winner

OUNZ

+24.76%

CLIP

+3.93%

5Y(CAGR)

OUNZ

+18.75%

CLIP

N/A

10Y(CAGR)

OUNZ

+12.21%

CLIP

N/A

Max(CAGR)

Winner

OUNZ

+9.95%

CLIP

+4.68%

OUNZ vs CLIP - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	OUNZ	CLIP
2026	-2.33%	+1.61%
2025	+61.59%	+4.22%
2024	+27.01%	+5.30%
2023	+11.98%	+2.82%
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 CLIP Drawdown Comparison

The maximum drawdown for OUNZ was -24.36%, occurring on Jun 10, 2026. This drawdown has not yet recovered.

The maximum drawdown for CLIP was -0.08%, occurring on Oct 11, 2023. Recovery took 4 trading sessions.

The current OUNZ drawdown is -21.55%.

Rank	OUNZ	CLIP
#1	-24.36% Jan 29, 2026 - Jun 10, 2026	-0.08% Oct 9, 2023 - Oct 13, 2023
#2	-21.77% Jul 11, 2014 - Jul 5, 2016	-0.08% Apr 11, 2024 - Apr 16, 2024
#3	-21.76% Aug 6, 2020 - Mar 1, 2024	-0.08% Apr 16, 2024 - Apr 23, 2024
#4	-17.58% Jul 8, 2016 - Jun 20, 2019	-0.08% Dec 18, 2023 - Dec 21, 2023
#5	-12.51% Mar 9, 2020 - Apr 9, 2020	-0.08% May 15, 2024 - May 28, 2024
#6	-10.10% Oct 20, 2025 - Dec 22, 2025	-0.06% Jun 23, 2023 - Jun 29, 2023
#7	-8.10% Oct 30, 2024 - Jan 30, 2025	-0.05% May 16, 2025 - May 20, 2025
#8	-7.12% Apr 21, 2025 - Jun 13, 2025	-0.05% Apr 10, 2025 - Apr 17, 2025
#9	-6.57% Sep 4, 2019 - Jan 6, 2020	-0.04% Dec 30, 2024 - Jan 6, 2025
#10	-5.75% May 20, 2024 - Jul 16, 2024	-0.04% Dec 7, 2023 - Dec 11, 2023
#11	-4.93% Dec 26, 2025 - Jan 12, 2026	-0.04% May 9, 2024 - May 13, 2024
#12	-4.91% Feb 24, 2020 - Mar 5, 2020	-0.04% Apr 8, 2024 - Apr 11, 2024
#13	-4.84% Mar 31, 2025 - Apr 10, 2025	-0.04% May 13, 2024 - May 15, 2024
#14	-4.84% Jun 13, 2025 - Aug 29, 2025	-0.04% Feb 8, 2024 - Feb 15, 2024
#15	-4.38% Jul 16, 2024 - Aug 12, 2024	-0.04% Mar 11, 2024 - Mar 14, 2024