OUNZ vs NAD
Comparison between VanEck Merk Gold Trust (OUNZ, ETF) and Nuveen Quality Municipal Income Fund (NAD, ETF).
5-Year PerformanceOUNZ has outperformed NAD, delivering a return of +18.0% compared to +0.3%
OUNZ vs NAD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
OUNZ vs NAD - Historical Returns
Returns include dividend reinvestment.
OUNZ vs NAD - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | OUNZ | NAD |
|---|---|---|
| 2026 | -5.16% | +3.16% |
| 2025 | +61.59% | +9.76% |
| 2024 | +27.01% | +8.94% |
| 2023 | +11.98% | -0.28% |
| 2022 | +0.97% | -22.45% |
| 2021 | -6.17% | +10.21% |
| 2020 | +23.96% | +10.73% |
| 2019 | +17.90% | +20.11% |
| 2018 | -3.19% | -5.76% |
| 2017 | +12.03% | +5.98% |
| 2016 | +6.65% | +2.05% |
| 2015 | -11.15% | +7.80% |
| 2014 | -8.73% | +19.78% |
| 2013 | N/A | -15.11% |
| 2012 | N/A | +12.07% |
| 2011 | N/A | +21.18% |
| 2010 | N/A | +1.99% |
| 2009 | N/A | +38.25% |
| 2008 | N/A | -21.38% |
| 2007 | N/A | -10.97% |
| 2006 | N/A | +13.53% |
| 2005 | N/A | +4.63% |
| 2004 | N/A | +2.48% |
| 2003 | N/A | +11.63% |
| 2002 | N/A | +9.42% |
| 2001 | N/A | +7.43% |
| 2000 | N/A | +15.65% |
| 1999 | N/A | -11.78% |
OUNZ vs NAD 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 NAD was -44.61%, occurring on Oct 10, 2008. Recovery took 663 trading sessions.
The current OUNZ drawdown is -23.82%. The current NAD drawdown is -2.92%.
| Rank | OUNZ | NAD |
|---|---|---|
| #1 | -24.36% Jan 29, 2026 - Jun 10, 2026 | -44.61% Jan 22, 2007 - Sep 8, 2009 |
| #2 | -21.77% Jul 11, 2014 - Jul 5, 2016 | -35.57% Sep 15, 2021 - Oct 25, 2023 |
| #3 | -21.76% Aug 6, 2020 - Mar 1, 2024 | -25.39% Mar 6, 2020 - Nov 16, 2020 |
| #4 | -17.58% Jul 8, 2016 - Jun 20, 2019 | -21.47% Nov 30, 2012 - Dec 4, 2014 |
| #5 | -12.51% Mar 9, 2020 - Apr 9, 2020 | -18.90% Sep 1, 2010 - Nov 22, 2011 |
| #6 | -10.10% Oct 20, 2025 - Dec 22, 2025 | -17.47% Mar 9, 2004 - Jun 7, 2005 |
| #7 | -8.10% Oct 30, 2024 - Jan 30, 2025 | -15.78% Nov 2, 1999 - Dec 8, 2000 |
| #8 | -7.12% Apr 21, 2025 - Jun 13, 2025 | -15.38% Aug 12, 2016 - May 13, 2019 |
| #9 | -6.57% Sep 4, 2019 - Jan 6, 2020 | -10.12% Jun 17, 2003 - Jan 7, 2004 |
| #10 | -5.75% May 20, 2024 - Jul 16, 2024 | -9.48% Nov 6, 2001 - Jun 7, 2002 |
| #11 | -4.93% Dec 26, 2025 - Jan 12, 2026 | -9.39% Oct 4, 2002 - May 1, 2003 |
| #12 | -4.91% Feb 24, 2020 - Mar 5, 2020 | -8.80% Sep 9, 2005 - Aug 17, 2006 |
| #13 | -4.84% Mar 31, 2025 - Apr 10, 2025 | -8.02% Oct 8, 2009 - Feb 1, 2010 |
| #14 | -4.84% Jun 13, 2025 - Aug 29, 2025 | -6.14% Jan 30, 2015 - Nov 3, 2015 |
| #15 | -4.38% Jul 16, 2024 - Aug 12, 2024 | -5.87% Mar 1, 2012 - May 3, 2012 |
Correlation
Correlation between OUNZ and NAD is 0.67 which considered as a moderate positive correlation - the stocks show some tendency to move together.
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