PWB vs OUNZ
Comparison between INVESCO LARGE CAP GROWTH ETF (PWB, ETF) and VanEck Merk Gold Trust (OUNZ, ETF).
5-Year PerformanceOUNZ has outperformed PWB, delivering a return of +17.0% compared to +16.8%
PWB vs OUNZ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
PWB vs OUNZ - Historical Returns
Returns include dividend reinvestment.
PWB vs OUNZ - Annual Returns (2005 - 2026)
Returns include dividend reinvestment.
| Year | PWB | OUNZ |
|---|---|---|
| 2026 | +25.41% | -6.48% |
| 2025 | +24.92% | +61.59% |
| 2024 | +33.11% | +27.01% |
| 2023 | +32.25% | +11.98% |
| 2022 | -25.87% | +0.97% |
| 2021 | +20.63% | -6.17% |
| 2020 | +31.03% | +23.96% |
| 2019 | +24.71% | +17.90% |
| 2018 | +0.24% | -3.19% |
| 2017 | +29.93% | +12.03% |
| 2016 | +5.00% | +6.65% |
| 2015 | +7.96% | -11.15% |
| 2014 | +14.05% | -8.73% |
| 2013 | +33.83% | N/A |
| 2012 | +17.97% | N/A |
| 2011 | -0.70% | N/A |
| 2010 | +12.60% | N/A |
| 2009 | +30.14% | N/A |
| 2008 | -41.42% | N/A |
| 2007 | +12.42% | N/A |
| 2006 | +3.53% | N/A |
| 2005 | +6.67% | N/A |
PWB vs OUNZ Drawdown Comparison
The maximum drawdown for PWB was -52.58%, occurring on Mar 9, 2009. Recovery took 1121 trading sessions.
The maximum drawdown for OUNZ was -26.09%, occurring on Jun 24, 2026. This drawdown has not yet recovered.
The current PWB drawdown is -4.14%. The current OUNZ drawdown is -24.88%.
| Rank | PWB | OUNZ |
|---|---|---|
| #1 | -52.58% Oct 12, 2007 - Mar 26, 2012 | -26.09% Jan 29, 2026 - Jun 24, 2026 |
| #2 | -32.36% Feb 19, 2020 - Jul 2, 2020 | -21.77% Jul 11, 2014 - Jul 5, 2016 |
| #3 | -31.41% Dec 27, 2021 - Jan 24, 2024 | -21.76% Aug 6, 2020 - Mar 1, 2024 |
| #4 | -22.10% Feb 18, 2025 - Jun 2, 2025 | -17.58% Jul 8, 2016 - Jun 20, 2019 |
| #5 | -20.50% Oct 1, 2018 - Apr 5, 2019 | -12.51% Mar 9, 2020 - Apr 9, 2020 |
| #6 | -13.94% Jul 20, 2015 - Jul 8, 2016 | -10.10% Oct 20, 2025 - Dec 22, 2025 |
| #7 | -13.46% Feb 12, 2021 - Apr 15, 2021 | -8.10% Oct 30, 2024 - Jan 30, 2025 |
| #8 | -12.18% Apr 6, 2006 - Dec 11, 2006 | -7.12% Apr 21, 2025 - Jun 13, 2025 |
| #9 | -12.11% Jan 29, 2026 - Apr 13, 2026 | -6.57% Sep 4, 2019 - Jan 6, 2020 |
| #10 | -10.04% Jul 16, 2024 - Sep 19, 2024 | -5.75% May 20, 2024 - Jul 16, 2024 |
| #11 | -9.98% Jan 26, 2018 - May 21, 2018 | -4.93% Dec 26, 2025 - Jan 12, 2026 |
| #12 | -9.63% Sep 2, 2020 - Nov 5, 2020 | -4.91% Feb 24, 2020 - Mar 5, 2020 |
| #13 | -9.53% May 2, 2012 - Sep 6, 2012 | -4.84% Mar 31, 2025 - Apr 10, 2025 |
| #14 | -9.16% Jul 17, 2007 - Sep 21, 2007 | -4.84% Jun 13, 2025 - Aug 29, 2025 |
| #15 | -8.75% Oct 29, 2025 - Jan 6, 2026 | -4.38% Jul 16, 2024 - Aug 12, 2024 |
Correlation
Correlation between PWB and OUNZ is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
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