OUNZvsGLDMETF Comparison
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VanEck Merk Gold Trust ETF (OUNZ) and State Street SPDR Gold MiniShares Trust (GLDM) belong to the same industry segment: Gold. OUNZ is more expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.1% for GLDM. OUNZ is down -4.34% year-to-date (YTD) with +$364M in YTD flows. GLDM performs better with -4.27% YTD performance, and +$7.63B in YTD flows. Run a side-by-side ETF comparison of OUNZ and GLDM 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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OUNZ vs GLDM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/21/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OUNZ GLDM | -4.88%-4.56% | +1.14%+1.83% | -4.34%-4.27% | +0.43%-1.11% | +107.96%+108.58% | +129.45%+130.76% |
| Flows | OUNZ GLDM | +$8M+$690M | +$107M+$3.20B | +$364M+$7.63B | +$363M+$8.22B | +$957M+$16.90B | +$1.07B+$18.09B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OUNZ GLDM | +23.37%+21.91% | +28.13%+27.08% | +21.33%+20.33% | +18.72%+18.05% |
| Max drawdown | OUNZ GLDM | -12.12%-12.33% | -26.36%-26.15% | -26.36%-26.15% | -26.36%-26.15% |
| Max drawdown duration | OUNZ GLDM | 57d58d | 265d265d | 265d265d | 265d265d |
Trading data
OUNZ | GLDM | |
Last sale 10/22/2026 at 1:30 PM | $38.68 | $79.66 |
| Previous close 10/21/2026 | $39.70 | $81.79 |
| Consolidated volume 10/21/2026 | ||
| 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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OUNZ | GLDM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
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| Daily return difference | ||
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Main metrics
Last update 10/22/2026 at 1:30 PM
Live
Closed
OUNZ | GLDM | |
|---|---|---|
| Last price | $38.68 | $79.66 |
| 1D performance | -2.57% | -2.60% |
| AuM | $2.68 B | $31.07 B |
| E/R | 0.25% | 0.1% |
Characteristics
OUNZ | GLDM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | State Street Investment Management |
| Benchmark | Solactive Gold Spot Index | LBMA London Gold Market Fixing Price PM Index |
| N° of holdings | - | - |
| Asset class | Commodities | Commodities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 16, 2014 | June 25, 2018 |
| ESG | No | No |
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Exposure
Countries
OUNZ
Data will be available soon
GLDM
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Sectors
OUNZ
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GLDM
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Diversification
OUNZ
Data will be available soon
GLDM
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Top 15 holdings
Data as of January 1, 1970
OUNZ
Data will be available soon
GLDM
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Frequently asked questions about OUNZ and GLDM
How have the OUNZ and GLDM ETFs performed in 2026?
As of October 21, 2026, OUNZ is down -4.34% year-to-date (YTD), while GLDM has lost -4.27%. That puts GLDM better performer ahead so far this year.
Which ETF is attracting more investor money: OUNZ or GLDM?
Year-to-date, the OUNZ ETF saw +$364M in flows, compared to +$7.63B for GLDM.
Which ETF is more volatile: OUNZ or GLDM?
Over the past year, OUNZ had a volatility of 28.13%, while GLDM experienced 27.08%.
Which ETF is bigger: OUNZ or GLDM?
As of October 21, 2026, OUNZ holds $2.68 B in assets under management (AUM), while GLDM manages $31.07 B.
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