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  "documentTitle": "VanEck Merk Gold Trust | Market Presentation Deck | 24 slides",
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  "authorName": "Merk Funds",
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  "notes": "The table uses color-coding to highlight positive (blue) and negative (red) correlations.",
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      "kind": "paragraph",
      "text": "Correlation: a statistical measurement that gives the degree of relationship between two variables. In a diversified portfolio, correlation represents the degree of relationship between the price movements of different assets in a portfolio. Fund inception: 05/10/2005.",
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      "text": "Source: Merk Investments, Bloomberg. All calculations are based on daily data as of 06/30/2021. All currencies performance data calculated relative to U.S. Dollar. USD: U.S. Dollar Currency Index (DXY); XAU: Gold Spot as U.S. Dollar per Troy Ounce",
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      "text": "Correlation matrix – as of 06/30/2021",
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      "text": "Correlation matrix of MERKX vs various assets (AUD, CAD, CHF, EUR, GBP, JPY, NOK, NZD, SEK, SGD, USD, XAU) across four time periods.",
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      "text": "MERKX Correlation",
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