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ETFs

VanEck Merk Gold Trust

OUNZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 16 2014
Expense Ratio
0.25%
Type
Global Commodities & Metals
Fund Owner
Merk Investments
Volume (1m avg. daily)
$17,985,902
AUM
$720,223,072
Associated Index
Gold - London PM Gold Price
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Physical Gold Bullion
100.00%
Invest with OUNZ

What is OUNZ?

Van Eck Merk Gold Trust (the trust ) seeks to provide investors with a convenient and cost-efficient way to buy and hold gold through an exchange traded product with the option to take physical delivery of gold if and when desired.

ETFs related toOUNZ

ETFs correlated to OUNZ include GLD, GLDM, IAU

OUNZ
Merk Investments LLC - VanEck Merk Gold Trust
GLD
SSgA Active Trust - SPDR Gold Shares ETF
GLDM
World Gold Trust - SPDR Gold MiniShares Trust
IAU
BlackRock Institutional Trust Company N.A. - iShares Gold Trust
UGL
ProShares Trust - ProShares Ultra Gold 2x Shares
BAR
GraniteShares Gold Trust - GraniteShares Gold Shares
IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
SGOL
abrdn ETF - abrdn Physical Gold Shares ETF
AAAU
Goldman Sachs Physical Gold ETF Trust - Goldman Sachs Physical Gold ETF
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares ETF
GDX
VanEck ETF Trust - VanEck Gold Miners ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toOUNZ

#DGD

Diversify with Gold & the Dollar

Category

Building Blocks, Getting Defensive, Diversification

Risk Rating

Aggressive

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with OUNZ using Composer

FAQ

OUNZ is a Global Commodities & Metals ETF. Van Eck Merk Gold Trust (the trust ) seeks to provide investors with a convenient and cost-efficient way to buy and hold gold through an exchange traded product with the option to take physical delivery of gold if and when desired.

OUNZ tracks the Gold - London PM Gold Price.

No, OUNZ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, OUNZ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on OUNZ is 0%. This is the percent change in the value of OUNZ over the most recent 1-month period. The 3-month return on OUNZ is -0.0043%. This is the percent change in the value of OUNZ over the most recent 3-month period.

The standard deviation of OUNZ for the past year is 0.1423%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to OUNZ include CPER, PPLT, and SIVR.

ETFs correlated to OUNZ include GLD, GLDM, and IAU.

ETFs that are inversely correlated to OUNZ include GLL, GDXD, and DUST.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.