OUNZ vs XSMO

Comparison between VanEck Merk Gold Trust (OUNZ, ETF) and INVESCO S&P SMALLCAP MOMENTUM ETF (XSMO, ETF).

5-Year PerformanceOUNZ has outperformed XSMO, delivering a return of +20.5% compared to +13.1%

OUNZ vs XSMO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OUNZ(ETF)	XSMO(ETF)
Net Assets	$2.80B	$2.80B
Expense Ratio	0.25%	0.36%
Max Drawdown	21.77%	58.06%
Sharpe Ratio	1.34	1.64
5Y Beta	0.18	1.06
P/E Ratio	N/A	35.13
Forward P/E	N/A	19.74
5Y Dividends CAGR	N/A	8.36%
5Y EPS CAGR	N/A	23.41%
P/S Ratio	N/A	1.15
P/B Ratio	N/A	2.88

Net Assets

OUNZ

$2.80B

XSMO

$2.80B

Expense Ratio

Winner

OUNZ

0.25%

XSMO

0.36%

Max Drawdown

Winner

OUNZ

21.77%

XSMO

58.06%

Sharpe Ratio

OUNZ

1.34

Winner

XSMO

1.64

5Y Beta

Winner

OUNZ

0.18

XSMO

1.06

P/E Ratio

OUNZ

N/A

XSMO

35.13

Forward P/E

OUNZ

N/A

XSMO

19.74

5Y Dividends CAGR

OUNZ

N/A

XSMO

8.36%

5Y EPS CAGR

OUNZ

N/A

XSMO

23.41%

P/S Ratio

OUNZ

N/A

XSMO

1.15

P/B Ratio

OUNZ

N/A

XSMO

2.88

OUNZ vs XSMO - Historical Returns

Returns include dividend reinvestment.

Period	OUNZ	XSMO
1 month	-0.59%	+7.11%
3 months	-7.03%	+9.10%
6 months	+14.49%	+21.40%
1 year	+45.99%	+33.96%
5 years(CAGR)	+20.53%	+13.14%
10 years(CAGR)	+13.63%	+15.21%
Max(CAGR)	+11.06%	+9.23%

OUNZ

-0.59%

Winner

XSMO

+7.11%

OUNZ

-7.03%

Winner

XSMO

+9.10%

OUNZ

+14.49%

Winner

XSMO

+21.40%

Winner

OUNZ

+45.99%

XSMO

+33.96%

5Y(CAGR)

Winner

OUNZ

+20.53%

XSMO

+13.14%

10Y(CAGR)

OUNZ

+13.63%

Winner

XSMO

+15.21%

Max(CAGR)

Winner

OUNZ

+11.06%

XSMO

+9.23%

OUNZ vs XSMO - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	OUNZ	XSMO
2026	+9.21%	+20.31%
2025	+61.59%	+9.64%
2024	+27.01%	+18.82%
2023	+11.98%	+23.37%
2022	+0.97%	-16.09%
2021	-6.17%	+19.52%
2020	+23.96%	+22.10%
2019	+17.90%	+28.40%
2018	-3.19%	-3.68%
2017	+12.03%	+23.53%
2016	+6.65%	+10.82%
2015	-11.15%	+1.08%
2014	-8.73%	+7.32%
2013	N/A	+29.71%
2012	N/A	+12.85%
2011	N/A	-2.88%
2010	N/A	+24.08%
2009	N/A	+16.24%
2008	N/A	-37.12%
2007	N/A	-1.08%
2006	N/A	+4.67%
2005	N/A	+10.69%

OUNZ vs XSMO Drawdown Comparison

The maximum drawdown for OUNZ was -21.77%, occurring on Dec 17, 2015. Recovery took 499 trading sessions.

The maximum drawdown for XSMO was -58.06%, occurring on Mar 9, 2009. Recovery took 1389 trading sessions.

The current OUNZ drawdown is -12.28%. The current XSMO drawdown is -0.86%.

Rank	OUNZ	XSMO
#1	-21.77% Jul 11, 2014 - Jul 5, 2016	-58.06% Jul 19, 2007 - Jan 24, 2013
#2	-21.76% Aug 6, 2020 - Mar 1, 2024	-39.38% Feb 13, 2020 - Sep 2, 2020
#3	-19.14% Jan 29, 2026 - Mar 26, 2026	-29.63% Nov 9, 2021 - Mar 21, 2024
#4	-17.58% Jul 8, 2016 - Jun 20, 2019	-29.47% Aug 31, 2018 - Jan 16, 2020
#5	-12.51% Mar 9, 2020 - Apr 9, 2020	-29.30% Jun 23, 2015 - Feb 15, 2017
#6	-10.10% Oct 20, 2025 - Dec 22, 2025	-24.77% Nov 25, 2024 - Sep 4, 2025
#7	-8.10% Oct 30, 2024 - Jan 30, 2025	-20.97% May 5, 2006 - Jul 12, 2007
#8	-7.12% Apr 21, 2025 - Jun 13, 2025	-15.22% Feb 12, 2021 - Jun 8, 2021
#9	-6.57% Sep 4, 2019 - Jan 6, 2020	-12.39% Jul 1, 2014 - Feb 13, 2015
#10	-5.75% May 20, 2024 - Jul 16, 2024	-10.72% Jun 8, 2021 - Oct 25, 2021
#11	-4.93% Dec 26, 2025 - Jan 12, 2026	-10.31% Jul 31, 2024 - Oct 14, 2024
#12	-4.91% Feb 24, 2020 - Mar 5, 2020	-9.43% Mar 7, 2005 - Jun 6, 2005
#13	-4.84% Mar 31, 2025 - Apr 10, 2025	-8.94% Jan 26, 2018 - Mar 7, 2018
#14	-4.84% Jun 13, 2025 - Aug 29, 2025	-8.89% Feb 9, 2026 - Apr 8, 2026
#15	-4.38% Jul 16, 2024 - Aug 12, 2024	-8.41% Oct 15, 2020 - Nov 5, 2020