Reports on MgO-based memristive switching within MgO-based MTJs appeared starting in 2008 and 2009. While the drift of oxygen vacancies within the insulating MgO layer has been proposed to describe the observed memristive effects, another explanation could be charge trapping/detrapping on the localized states of oxygen vacancies and its impact on spintronics. This highlights the importance of understanding what role oxygen vacancies play in the memristive operation of devices that deploy complex oxides with an intrinsic property such as ferroelectricity or multiferroicity.