VanEck Merk Gold Trust
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$19.77
- Net Assets:$0 Million
- NAV:$20.14
- Premium-1.84%
- Peer Rank:26 of 298
- Investment Rating:B
- Performance:C+
- RiskB
We rate VanEck Merk Gold at B. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a greater than above average total return, low price volatility and low expense structure. The fund may be considered for investors seeking a Global Equity strategy.
Total return ranks above peers over the last three years. The VanEck Merk Gold has returned an annual rate of 4.44% since inception. More recently, the fund has generated a total return of 9.56% in the last five years, 6.81% in the last three years, and 12.08% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 72% of them. It has also outpaced 70% of its competitors on a three year basis and 57% of them over the last year for the period ending 2/29/2024. On a year to date basis, OUNZ has returned 0.90%.
Downside risk has been below average. OUNZ has a draw down risk of -15.88%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 13.4%. This fund has had moderate volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As OUNZ is an exchange traded fund, it has no front end or back end load.
The VanEck Merk Gold is managed by Alexander G. Merk at Merk Investments LLC. This fund is one of 2 Merk Investments LLC exchange-traded funds launched since 5/16/2014 that we track.