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FGDL vs OUNZ: Differences, Returns & Fees

FGDL and OUNZ are both commodity funds, and over the year they finished level, −1.5% against −1.2%. Net assets on Oct 14, 2026: $424m for Franklin Responsibly Sourced Gold ETF and $2.7bn for VanEck Merk Gold ETF.

FGDL costs 0.10 points a year less; their one-year returns differ by 0.3 points; OUNZ is 6.3 times larger.

FGDL vs OUNZ: Differences, Returns & Fees
FGDLOUNZ
Expense ratio0.15%0.25%
Net assets$424m$2.7bn
Total return, 1 year−1.5%−1.2%
What it tracksGoldGold
Holdings in commonnot published
Below its high24.3%, high on Jan 29, 202624.1%, high on Jan 29, 2026
−1.5%
FGDL total return, 1 year
−1.2%
OUNZ total return, 1 year
0.15%
FGDL expense ratio
0.25%
OUNZ expense ratio
Client brief · page 1 of 2Report BR-E9365995D3

FGDL and OUNZ are built for the same job. How do they differ in cost, holdings and results?

  1. Cost. FGDL charges 0.15% of assets a year and OUNZ 0.25%, a gap of 0.10 points.
  2. Size. FGDL has $424m in net assets and OUNZ $2.7bn (Net assets); OUNZ is 6.4 times larger.
  3. What each follows (similar). Both follow Gold.

Data as of Oct 14, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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On the same fields

FGDL
Franklin Responsibly Sourced Gold ETF
OUNZ
VanEck Merk Gold ETF
Where it sits Commodity ETF Commodity ETF
Issuer Franklin VanEck
What it is Holds gold Holds gold
Total return, 1 year −1.5% −1.2%
Its benchmark over the same days −1.3% (GLD) −1.3% (GLD)
Gap to its benchmark −0.2 pts vs GLD 0.0 pts vs GLD
Expense ratio 0.15% 0.25%
Net assets $424m $2.7bn

FGDL and OUNZ on the fields both publish, as of Oct 14, 2026. Source: ETFIQ.

About FGDL

FGDL holds gold. Over the year to Oct 14, 2026 it returned −1.5% with distributions reinvested, against −1.3% for its benchmark, the price of gold. It sat 24.3% below its high of Jan 29, 2026 on Oct 14, 2026.

Its expense ratio is 0.15% a year, for the three months to Jun 30, 2026, as its 10-Q states.

About OUNZ

OUNZ holds gold. Over the year to Oct 14, 2026 it returned −1.2% with distributions reinvested, against −1.3% for its benchmark, the price of gold. It sat 24.1% below its high of Jan 29, 2026 on Oct 14, 2026.

Its expense ratio is 0.25% a year, for the three months to Jul 31, 2026, as its 10-Q states.

Questions people ask

Which returned more over the last year, FGDL or OUNZ?
In the year to Oct 14, 2026, with distributions reinvested, FGDL returned −1.5% and OUNZ −1.2%.
Which is cheaper, FGDL or OUNZ?
FGDL is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
FGDL vs IAUMFGDL vs IAUFGDL vs GLDAAAU vs FGDLOUNZ vs SGOLGLD vs OUNZIAUM vs OUNZGLDM vs OUNZ
FGDL on its own →OUNZ on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
FGDL filings on SEC EDGAR ↗Franklin website ↗OUNZ filings on SEC EDGAR ↗VanEck page for OUNZ ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, FGDL against OUNZ, data as of Oct 14, 2026. https://etfiq.com/compare/any/fgdl-vs-ounz

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Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.