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OUNZ vs SPY

Comparison between VanEck Merk Gold Trust (OUNZ, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceOUNZ has outperformed SPY, delivering a return of +19.5% compared to +13.3%

OUNZ vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
OUNZ
$2.50B
Winner
SPY
$781B
Expense Ratio
OUNZ
0.25%
Winner
SPY
0.09%
Max Drawdown
Winner
OUNZ
26.31%
SPY
56.47%
Sharpe Ratio
OUNZ
0.90
Winner
SPY
1.42
5Y Beta
Winner
OUNZ
0.23
SPY
1.00
P/E Ratio
OUNZ
N/A
SPY
26.48
Forward P/E
OUNZ
N/A
SPY
20.90
PEG Ratio
OUNZ
N/A
SPY
0.30
5Y Dividends CAGR
OUNZ
N/A
SPY
6.00%
5Y EPS CAGR
OUNZ
N/A
SPY
26.40%
Debt to Equity
OUNZ
N/A
SPY
48.17%
P/S Ratio
OUNZ
N/A
SPY
3.72
P/B Ratio
OUNZ
N/A
SPY
5.55

OUNZ vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
OUNZ
+5.56%
SPY
+3.42%
3M
OUNZ
-7.72%
Winner
SPY
+5.97%
6M
OUNZ
-12.44%
Winner
SPY
+12.56%
1Y
Winner
OUNZ
+27.45%
SPY
+23.65%
5Y(CAGR)
Winner
OUNZ
+19.50%
SPY
+13.33%
10Y(CAGR)
OUNZ
+12.16%
Winner
SPY
+15.34%
Max(CAGR)
Winner
OUNZ
+10.05%
SPY
+8.61%

OUNZ vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearOUNZSPY
2026+0.14%+13.79%
2025+61.59%+18.00%
2024+27.01%+25.59%
2023+11.98%+26.72%
2022+0.97%-18.64%
2021-6.17%+30.52%
2020+23.96%+17.28%
2019+17.90%+31.09%
2018-3.19%-5.24%
2017+12.03%+20.78%
2016+6.65%+13.59%
2015-11.15%+1.31%
2014-8.73%+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

OUNZ vs SPY Drawdown Comparison

The maximum drawdown for OUNZ was -26.31%, occurring on Jul 16, 2026. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current OUNZ drawdown is -19.56%.

RankOUNZSPY
#1-26.31%
Jan 29, 2026 - Jul 16, 2026		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-21.77%
Jul 11, 2014 - Jul 5, 2016		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-21.76%
Aug 6, 2020 - Mar 1, 2024		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-17.58%
Jul 8, 2016 - Jun 20, 2019		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-12.51%
Mar 9, 2020 - Apr 9, 2020		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-10.10%
Oct 20, 2025 - Dec 22, 2025		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-8.10%
Oct 30, 2024 - Jan 30, 2025		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-7.12%
Apr 21, 2025 - Jun 13, 2025		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-6.57%
Sep 4, 2019 - Jan 6, 2020		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-5.75%
May 20, 2024 - Jul 16, 2024		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-4.93%
Dec 26, 2025 - Jan 12, 2026		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-4.91%
Feb 24, 2020 - Mar 5, 2020		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-4.84%
Mar 31, 2025 - Apr 10, 2025		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-4.84%
Jun 13, 2025 - Aug 29, 2025		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-4.38%
Jul 16, 2024 - Aug 12, 2024		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between OUNZ and SPY is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92
-101

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