XSMO vs OUNZ

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

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

XSMO vs OUNZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

XSMO

$2.80B

OUNZ

$2.80B

Expense Ratio

XSMO

0.36%

Winner

OUNZ

0.25%

Max Drawdown

XSMO

58.06%

Winner

OUNZ

21.77%

Sharpe Ratio

Winner

XSMO

1.64

OUNZ

1.34

5Y Beta

XSMO

1.06

Winner

OUNZ

0.18

P/E Ratio

XSMO

35.13

OUNZ

N/A

Forward P/E

XSMO

19.74

OUNZ

N/A

5Y Dividends CAGR

XSMO

8.36%

OUNZ

N/A

5Y EPS CAGR

XSMO

23.41%

OUNZ

N/A

P/S Ratio

XSMO

1.15

OUNZ

N/A

P/B Ratio

XSMO

2.88

OUNZ

N/A

XSMO vs OUNZ - Historical Returns

Returns include dividend reinvestment.

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

Winner

XSMO

+7.11%

OUNZ

-0.59%

Winner

XSMO

+9.10%

OUNZ

-7.03%

Winner

XSMO

+21.40%

OUNZ

+14.49%

XSMO

+33.96%

Winner

OUNZ

+45.99%

5Y(CAGR)

XSMO

+13.14%

Winner

OUNZ

+20.53%

10Y(CAGR)

Winner

XSMO

+15.21%

OUNZ

+13.63%

Max(CAGR)

XSMO

+9.23%

Winner

OUNZ

+11.06%

XSMO vs OUNZ - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

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

XSMO vs OUNZ Drawdown Comparison

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

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

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

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