(OUNZ) Merk Gold Trust - Overview
Etf: Gold, Shares, Physical Delivery, Bullion
| Risk 5d forecast | |
|---|---|
| Volatility | 50.7% |
| Relative Tail Risk | -1.80% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.20 |
| Alpha | 68.10 |
| Character TTM | |
|---|---|
| Beta | 0.034 |
| Beta Downside | -0.215 |
| Drawdowns 3y | |
|---|---|
| Max DD | 13.66% |
| CAGR/Max DD | 2.82 |
Description: OUNZ Merk Gold Trust January 15, 2026
The VanEck Merk Gold Trust (NYSE ARCA: OUNZ) is an ETF that lets investors gain exposure to gold via shares that can be exchanged for physical gold. Its primary goal is to track the spot price of gold, less the Trust’s operating expenses, while each share represents a fractional, undivided interest in the Trust’s gold holdings, which are stored with custodial banks.
Key metrics to watch: (1) the expense ratio is 0.30 % annually, a competitive level for physically-backed gold funds; (2) as of the latest filing, OUNZ holds roughly 5,500 troy ounces of gold, translating to an AUM of about $300 million; and (3) the fund’s price typically moves in lockstep with spot gold, with a correlation coefficient above 0.98, making it highly sensitive to macro drivers such as real-interest-rate movements, US dollar strength, and global inflation trends.
For a deeper dive into OUNZ’s valuation metrics, you might explore ValueRay’s analytical tools.
What is the price of OUNZ shares?
Over the past week, the price has changed by +2.23%, over one month by +10.19%, over three months by +24.43% and over the past year by +72.97%.
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 | 67.7 | 42% |
OUNZ Fundamental Data Overview February 07, 2026
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 = 2.91b USD (2.91b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 2.91b)
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 2.91b / 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 = 6.04% (E(2.91b)/V(2.91b) * Re(6.04%) + (debt-free company))
Discount Rate = 6.04% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)