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 +20.6% compared to +0.6%

OUNZ vs NAD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OUNZ(ETF)	NAD(ETF)
Net Assets	$2.80B	$2.80B
Expense Ratio	0.25%	N/A
Max Drawdown	21.77%	51.92%
Sharpe Ratio	1.25	0.86
5Y Beta	0.18	0.22
5Y Dividends CAGR	N/A	6.06%

Net Assets

OUNZ

$2.80B

NAD

$2.80B

Expense Ratio

OUNZ

0.25%

NAD

N/A

Max Drawdown

Winner

OUNZ

21.77%

NAD

51.92%

Sharpe Ratio

Winner

OUNZ

1.25

NAD

0.86

5Y Beta

Winner

OUNZ

0.18

NAD

0.22

5Y Dividends CAGR

OUNZ

N/A

NAD

6.06%

OUNZ vs NAD - Historical Returns

Returns include dividend reinvestment.

Period	OUNZ	NAD
1 month	-0.18%	+1.45%
3 months	-7.06%	-0.23%
6 months	+17.85%	+4.80%
1 year	+42.64%	+12.84%
5 years(CAGR)	+20.56%	+0.58%
10 years(CAGR)	+13.75%	+2.72%
Max(CAGR)	+11.05%	+5.41%

OUNZ

-0.18%

Winner

NAD

+1.45%

OUNZ

-7.06%

Winner

NAD

-0.23%

Winner

OUNZ

+17.85%

NAD

+4.80%

Winner

OUNZ

+42.64%

NAD

+12.84%

5Y(CAGR)

Winner

OUNZ

+20.56%

NAD

+0.58%

10Y(CAGR)

Winner

OUNZ

+13.75%

NAD

+2.72%

Max(CAGR)

Winner

OUNZ

+11.05%

NAD

+5.41%

OUNZ vs NAD - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	OUNZ	NAD
2026	+9.00%	+1.69%
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 -21.77%, occurring on Dec 17, 2015. Recovery took 499 trading sessions.

The maximum drawdown for NAD was -44.61%, occurring on Oct 10, 2008. Recovery took 663 trading sessions.

The current OUNZ drawdown is -12.45%. The current NAD drawdown is -4.31%.

Rank	OUNZ	NAD
#1	-21.77% Jul 11, 2014 - Jul 5, 2016	-44.61% Jan 22, 2007 - Sep 8, 2009
#2	-21.76% Aug 6, 2020 - Mar 1, 2024	-35.57% Sep 15, 2021 - Oct 25, 2023
#3	-19.14% Jan 29, 2026 - Mar 26, 2026	-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