- ISIN
- US92189H6493
- Issuer
- VanEck
- Inception Date
- Jun 4, 2025
- Category
- Financials Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MarketVector Alternative Asset Managers Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $239M
Share Price Chart
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Performance
GPZ Performance Chart
VanEck Alternative Asset Manager ETF (GPZ) is down 19.3% since the beginning of the year. GPZ is currently trading at $22 per share.
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Returns By Period
VanEck Alternative Asset Manager ETF (GPZ) has returned -19.30% so far this year and -11.53% over the past 12 months.
VanEck Alternative Asset Manager ETF
- 1D
- -2.58%
- 1M
- -5.07%
- YTD
- -19.30%
- 6M
- -20.44%
- 1Y
- -11.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
GPZ Monthly Returns History
Based on dividend-adjusted daily data since Jun 5, 2025, GPZ's average daily return is -0.03%, while the average monthly return is -0.75%.
Historically, 46% of months were positive and 54% were negative. The best month was Apr 2026 with a return of +9.4%, while the worst month was Feb 2026 at -15.7%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, GPZ closed higher 50% of trading days. The best single day was Apr 13, 2026 with a return of +4.5%, while the worst single day was Feb 3, 2026 at -6.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.48% | -15.74% | -2.74% | 9.43% | -1.06% | -5.76% | -19.30% | ||||||
| 2025 | 5.47% | 6.63% | 0.61% | -2.56% | -6.99% | 2.10% | 4.33% | 9.24% |
Benchmark Metrics
VanEck Alternative Asset Manager ETF has an annualized alpha of -32.02%, beta of 1.45, and R2 of 0.43 versus S&P 500 Index. Calculated based on daily prices since June 05, 2025.
- This ETF participated in 201.15% of S&P 500 Index downside but only 25.91% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.43 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -32.02%
- Beta
- 1.45
- R²
- 0.43
- Upside Capture
- 25.91%
- Downside Capture
- 201.15%
Expense Ratio
GPZ has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GPZ ranks 6 for risk / return — in the bottom 6% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VanEck Alternative Asset Manager ETF (GPZ) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GPZ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.84 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.32 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 2.46 | -2.82 |
| Martin ratioReturn relative to average drawdown | -0.73 | 10.92 | -11.65 |
Dividends
Dividend History
VanEck Alternative Asset Manager ETF provided a 1.03% dividend yield over the last twelve months, with an annual payout of $0.22 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.22 | $0.22 |
Dividend yield | 1.03% | 0.83% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Alternative Asset Manager ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.22 | $0.22 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the VanEck Alternative Asset Manager ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the VanEck Alternative Asset Manager ETF was 31.72%, occurring on Mar 12, 2026. The portfolio has not yet recovered.
The current VanEck Alternative Asset Manager ETF drawdown is 25.87%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -31.72%Mar 2026 | 5mo 24d | — | 9mo 8dSep 2025 - now |
2025 pullback2025 | -5.19%Aug 2025 | 4d | 1mo 11d | 1mo 15dJul 2025 - Sep 2025 |
2025 selloff2025 | -3.81%Jun 2025 | 4d | 7d | 11dJun 2025 - Jun 2025 |
2025 pullback2025 | -2.44%Jul 2025 | 4d | 1d | 5dJul 2025 - Jul 2025 |
2025 pullback2025 | -2.21%Jul 2025 | 3d | 2d | 5dJul 2025 - Jul 2025 |
Drawdown Indicators
| GPZ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.72% | -56.78% | +25.06% |
Max Drawdown (1Y)Largest decline over 1 year | -31.72% | -9.10% | -22.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -25.87% | -3.21% | -22.66% |
Average DrawdownAverage peak-to-trough decline | -12.27% | -10.71% | -1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.80% | 2.04% | +13.76% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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