(OUNZ) VanEck Merk Gold Trust - Ratings and Ratios
Gold, Bullion, Exchange-Traded, Shares
Dividends
Currently no dividends paid| Risk via 5d forecast | |
|---|---|
| Volatility | 21.4% |
| Value at Risk 5%th | 34.6% |
| Relative Tail Risk | -1.80% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.53 |
| Alpha | 63.59 |
| CAGR/Max DD | 2.97 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.412 |
| Beta | 0.038 |
| Beta Downside | -0.158 |
| Drawdowns 3y | |
|---|---|
| Max DD | 11.26% |
| Mean DD | 2.91% |
| Median DD | 2.54% |
Description: OUNZ VanEck Merk Gold Trust November 12, 2025
VanEck Merk Gold Trust (NYSE ARCA: OUNZ) is a U.S. commodity-focused ETF that lets investors gain exposure to gold through equity-like shares, with the option to exchange those shares for physical gold. Its primary goal is to track the spot price of gold, while a secondary objective is to have share performance reflect gold price movements net of the Trust’s operating expenses. Each share represents a fractional, undivided beneficial interest in the Trust’s net assets, which consist mainly of gold stored in secure financial institutions.
Key metrics as of the latest filing: the fund carries an expense ratio of roughly 0.25%, manages about $500 million in assets under management (AUM), and has historically traded within a ±2% premium/discount to the underlying gold price. The Trust’s performance is strongly driven by macro-economic factors such as real interest rates, U.S. dollar strength, and inflation expectations-variables that directly influence gold’s role as a hedge and safe-haven asset.
For a deeper quantitative view, you might explore ValueRay’s analytics on OUNZ’s premium/discount dynamics and related risk metrics.
What is the price of OUNZ shares?
Over the past week, the price has changed by +3.30%, over one month by +6.22%, over three months by +11.76% and over the past year by +67.58%.
Is OUNZ a buy, sell or hold?
What are the forecasts/targets for the OUNZ price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 58.7 | 36.9% |
OUNZ Fundamental Data Overview January 03, 2026
Beta = 0.46
Revenue TTM = 0.0 USD
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 2.58b USD (2.58b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 2.58b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 2.58b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.15% (E(2.58b)/V(2.58b) * Re(6.15%) + (debt-free company))
Discount Rate = 6.15% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for OUNZ ETF
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle