GLDvsOUNZETF Comparison
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State Street SPDR Gold Shares ETF (GLD) and VanEck Merk Gold Trust ETF (OUNZ) belong to the same industry segment: Gold. GLD is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.25% for OUNZ. GLD is down -7.1% year-to-date (YTD) with -$2.82B in YTD flows. OUNZ performs better with -6.02% YTD performance, and +$364M in YTD flows. Run a side-by-side ETF comparison of GLD and OUNZ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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GLD vs OUNZ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GLD OUNZ | -2.14%-1.52% | -0.54%-0.63% | -7.10%-6.02% | +1.77%+1.59% | +102.22%+100.86% | +121.58%+123.43% |
| Flows | GLD OUNZ | -$1.61B+$8M | +$4.87B+$107M | -$2.82B+$364M | -$84M+$363M | +$21.37B+$951M | +$15.73B+$1.07B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GLD OUNZ | +21.15%+23.62% | +28.39%+28.13% | +21.05%+21.39% | +18.69%+18.75% |
| Max drawdown | GLD OUNZ | -14.01%-14.30% | -26.25%-26.36% | -26.25%-26.36% | -26.25%-26.36% |
| Max drawdown duration | GLD OUNZ | 64d63d | 271d271d | 271d271d | 271d271d |
Trading data
GLD | OUNZ | |
Last sale 10/28/2026 at 1:30 PM | $373.51 | $39.14 |
| Previous close 10/27/2026 | $372.28 | $39.02 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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GLD | OUNZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
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Main metrics
Last update 10/28/2026 at 1:30 PM
Live
Closed
GLD | OUNZ | |
|---|---|---|
| Last price | $373.51 | $39.14 |
| 1D performance | +0.33% | +0.31% |
| AuM | $135.84 B | $2.63 B |
| E/R | 0.4% | 0.25% |
Characteristics
GLD | OUNZ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | VanEck |
| Benchmark | LBMA London Gold Market Fixing Price PM Index | Solactive Gold Spot Index |
| N° of holdings | - | - |
| Asset class | Commodities | Commodities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 18, 2004 | May 16, 2014 |
| ESG | No | No |
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Exposure
Countries
GLD
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OUNZ
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Sectors
GLD
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OUNZ
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Diversification
GLD
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OUNZ
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Top 15 holdings
Data as of January 1, 1970
GLD
Data will be available soon
OUNZ
Data will be available soon
Frequently asked questions about GLD and OUNZ
How have the GLD and OUNZ ETFs performed in 2026?
As of October 27, 2026, GLD is down -7.1% year-to-date (YTD), while OUNZ has lost -6.02%. That puts OUNZ better performer ahead so far this year.
Which ETF is attracting more investor money: GLD or OUNZ?
Year-to-date, the GLD ETF saw -$2.82B in flows, compared to +$364M for OUNZ.
Which ETF is more volatile: GLD or OUNZ?
Over the past year, GLD had a volatility of 28.39%, while OUNZ experienced 28.13%.
Which ETF is bigger: GLD or OUNZ?
As of October 27, 2026, GLD holds $135.84 B in assets under management (AUM), while OUNZ manages $2.63 B.
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Latest news about GLD & OUNZ
The Weekly ETF Market Monitor (October 19-23, 2026)
October 26, 2026
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The Weekly ETF Market Monitor (September 7-11, 2026)
September 14, 2026
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The Weekly ETF Market Monitor (August 31- September 4, 2026)
September 7, 2026
GLD
The Weekly ETF Market Monitor (August 17-21, 2026)
August 24, 2026
GLD
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