OUNZ vs ETY

Comparison between VanEck Merk Gold Trust (OUNZ, ETF) and Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY, ETF).

5-Year PerformanceOUNZ has outperformed ETY, delivering a return of +17.0% compared to +8.8%

OUNZ vs ETY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OUNZ(ETF)	ETY(ETF)
Net Assets	$2.50B	$2.50B
Expense Ratio	0.25%	N/A
Max Drawdown	26.09%	64.57%
Sharpe Ratio	0.68	-0.16
5Y Beta	0.23	0.93
5Y Dividends CAGR	N/A	4.98%

Net Assets

OUNZ

$2.50B

ETY

$2.50B

Expense Ratio

OUNZ

0.25%

ETY

N/A

Max Drawdown

Winner

OUNZ

26.09%

ETY

64.57%

Sharpe Ratio

Winner

OUNZ

0.68

ETY

-0.16

5Y Beta

Winner

OUNZ

0.23

ETY

0.93

5Y Dividends CAGR

OUNZ

N/A

ETY

4.98%

OUNZ vs ETY - Historical Returns

Returns include dividend reinvestment.

Period	OUNZ	ETY
1 month	-6.09%	+0.21%
3 months	-16.37%	+1.98%
6 months	-12.58%	-1.87%
1 year	+20.98%	+0.33%
5 years(CAGR)	+17.01%	+8.83%
10 years(CAGR)	+11.41%	+12.38%
Max(CAGR)	+9.49%	+8.54%

OUNZ

-6.09%

Winner

ETY

+0.21%

OUNZ

-16.37%

Winner

ETY

+1.98%

OUNZ

-12.58%

Winner

ETY

-1.87%

Winner

OUNZ

+20.98%

ETY

+0.33%

5Y(CAGR)

Winner

OUNZ

+17.01%

ETY

+8.83%

10Y(CAGR)

OUNZ

+11.41%

Winner

ETY

+12.38%

Max(CAGR)

Winner

OUNZ

+9.49%

ETY

+8.54%

OUNZ vs ETY - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	OUNZ	ETY
2026	-6.48%	-0.78%
2025	+61.59%	+11.01%
2024	+27.01%	+35.10%
2023	+11.98%	+21.52%
2022	+0.97%	-20.72%
2021	-6.17%	+34.82%
2020	+23.96%	+6.29%
2019	+17.90%	+31.23%
2018	-3.19%	-10.18%
2017	+12.03%	+29.36%
2016	+6.65%	+4.62%
2015	-11.15%	+9.12%
2014	-8.73%	+12.87%
2013	N/A	+25.11%
2012	N/A	+16.30%
2011	N/A	-13.08%
2010	N/A	-2.81%
2009	N/A	+36.46%
2008	N/A	-25.83%
2007	N/A	-8.21%
2006	N/A	+0.25%

OUNZ vs ETY Drawdown Comparison

The maximum drawdown for OUNZ was -26.09%, occurring on Jun 24, 2026. This drawdown has not yet recovered.

The maximum drawdown for ETY was -52.91%, occurring on Nov 20, 2008. Recovery took 1419 trading sessions.

The current OUNZ drawdown is -24.88%. The current ETY drawdown is -3.33%.

Rank	OUNZ	ETY
#1	-26.09% Jan 29, 2026 - Jun 24, 2026	-52.91% Jun 1, 2007 - Jan 18, 2013
#2	-21.77% Jul 11, 2014 - Jul 5, 2016	-42.40% Feb 12, 2020 - Nov 17, 2020
#3	-21.76% Aug 6, 2020 - Mar 1, 2024	-24.43% Sep 13, 2018 - Jun 20, 2019
#4	-17.58% Jul 8, 2016 - Jun 20, 2019	-24.03% Dec 31, 2021 - Feb 5, 2024
#5	-12.51% Mar 9, 2020 - Apr 9, 2020	-21.28% Feb 19, 2025 - Jun 25, 2025
#6	-10.10% Oct 20, 2025 - Dec 22, 2025	-14.39% Sep 22, 2025 - Mar 30, 2026
#7	-8.10% Oct 30, 2024 - Jan 30, 2025	-13.90% Nov 3, 2015 - Aug 5, 2016
#8	-7.12% Apr 21, 2025 - Jun 13, 2025	-12.52% Sep 3, 2014 - Nov 5, 2014
#9	-6.57% Sep 4, 2019 - Jan 6, 2020	-11.93% Jul 20, 2015 - Nov 3, 2015
#10	-5.75% May 20, 2024 - Jul 16, 2024	-8.97% Jan 26, 2018 - May 8, 2018
#11	-4.93% Dec 26, 2025 - Jan 12, 2026	-8.63% Sep 8, 2016 - Jan 26, 2017
#12	-4.91% Feb 24, 2020 - Mar 5, 2020	-8.09% May 21, 2013 - Jul 15, 2013
#13	-4.84% Mar 31, 2025 - Apr 10, 2025	-7.21% Jul 10, 2024 - Aug 30, 2024
#14	-4.84% Jun 13, 2025 - Aug 29, 2025	-6.77% Nov 28, 2014 - Feb 27, 2015
#15	-4.38% Jul 16, 2024 - Aug 12, 2024	-6.17% Jan 22, 2014 - Feb 18, 2014