VanEck Merk Gold ETF
$39.99−0.07 (−0.17%)
- 0.25%
- $2.7B
- +3.7%
- 0.7M sh
- $40.05
- low $37.69high $53.35
The ETF.net OUNZ Grade
B
Score 58 out of 100
- 7 of 10
Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D26 out of 100Rank 8 of 10Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 9Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C49 out of 100Rank 2 of 10Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B61 out of 100Rank 3 of 10Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B60 out of 100Rank 5 of 10
Our read on OUNZ
BMost gold funds hand you a claim on metal you will never touch. OUNZ, running since 2014, writes a different option into its prospectus: shareholders can exchange shares for physical gold bullion. Same metal exposure, with a door to the real thing.
The fund provides exposure to gold through exchange-traded shares and allows investors the option to receive physical gold bullion in exchange for shares.
Why people hold it
- The distinguishing feature is in the prospectus: investors have the option to receive physical gold bullion in exchange for their shares.vaneck.com
- One job, done cleanly. The reference asset is physical gold, and the shares have tracked that mandate closely.
- Trading since 2014, now a multi-billion-dollar and actively traded fund, so it is not a thin-market curiosity.
Worth knowing
- The delivery option is not free: 0.25% a year sits above the physical-gold group's 0.17% median, and above GLDM at 0.10% and IAUM at 0.09%.
- Bullion generates no cash flow, and the fund pays no distributions. Everything rides on the metal's price.
- It is a trust wrapper rather than a conventional registered fund, so the legal structure differs from a standard ETF.vaneck.com
OUNZ Holdings
- Other
- 1
- 100%
- Physical Gold
OUNZ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
OUNZ$10,370
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | OUNZ |
|---|---|
| Year to date | −3.4% |
| 1 month | −4.1% |
| 3 months | +1.4% |
| 1 year | +3.7% |
| 3 years | +30.3% |
| 5 years | +18.5% |
| 10 years | +12.4% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | OUNZ |
|---|---|---|
| 2026 YTD | −3.4% | |
| 2025 | +64.0% | |
| 2024 | +26.8% | |
| 2023 | +12.8% | |
| 2022 | −0.5% | |
| 2021 | −4.0% | |
| 2020 | +24.7% |
OUNZ in the news
OUNZ Dividends
No distributions in the last 12 months.
OUNZ Risk
- 19.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.28
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −26.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.34
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
OUNZ Cost
0.25%
OUNZ0.25%
- The middle half of Physical Gold funds
- Median 0.17%
7 of the 10 Physical Gold funds charge less.
Other funds in Physical Gold
- BAAAUGoldman Sachs Physical Gold ETFExpense ratio 0.18%1 year return +3.7%
- BBARGraniteShares Gold TrustExpense ratio 0.17%1 year return +3.8%
- BIAUiShares Gold TrustExpense ratio 0.25%1 year return +3.7%
- BGLDSPDR Gold SharesExpense ratio 0.40%1 year return +3.5%
- DYSAUY all Street Physical Gold ETFExpense ratio 0.24%1 year return —