FBDC vs. GPZ

Last updated Apr 1, 2026

Compare and contrast key facts about FT Confluence BDC & Specialty Finance Income ETF (FBDC) and VanEck ETF Trust (GPZ).

FBDC and GPZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBDC is an actively managed fund by First Trust. It was launched on Jun 30, 2025. GPZ is a passively managed fund by VanEck that tracks the performance of the MarketVector Alternative Asset Managers Index. It was launched on Jun 4, 2025.

Performance

FBDC vs. GPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Confluence BDC & Specialty Finance Income ETF (FBDC) and VanEck ETF Trust (GPZ). The values are adjusted to include any dividend payments, if applicable.

FBDC vs. GPZ - Yearly Performance Comparison

	2026 (YTD)	2025
FBDC FT Confluence BDC & Specialty Finance Income ETF	-9.87%	-2.43%
GPZ VanEck ETF Trust	-20.90%	3.58%

Returns By Period

In the year-to-date period, FBDC achieves a -9.87% return, which is significantly higher than GPZ's -20.90% return.

FBDC

• 1D: 2.30%
• 1M: 2.24%
• YTD: -9.87%
• 6M: -9.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPZ

• 1D: 2.65%
• 1M: -2.74%
• YTD: -20.90%
• 6M: -21.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FBDC vs. GPZ - Expense Ratio Comparison

FBDC has a 13.69% expense ratio, which is higher than GPZ's 0.40% expense ratio.

FBDC

FT Confluence BDC & Specialty Finance Income ETF

GPZ

VanEck ETF Trust

Return for Risk

FBDC vs. GPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Confluence BDC & Specialty Finance Income ETF (FBDC) and VanEck ETF Trust (GPZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FBDC	GPZ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.91	-0.61	-0.30

Correlation

The correlation between FBDC and GPZ is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FBDC vs. GPZ - Dividend Comparison

FBDC's dividend yield for the trailing twelve months is around 9.28%, more than GPZ's 1.05% yield.

	TTM	2025
FBDC FT Confluence BDC & Specialty Finance Income ETF	9.28%	5.41%
GPZ VanEck ETF Trust	1.05%	0.83%

Drawdowns

FBDC vs. GPZ - Drawdown Comparison

The maximum FBDC drawdown since its inception was -20.60%, smaller than the maximum GPZ drawdown of -31.72%. Use the drawdown chart below to compare losses from any high point for FBDC and GPZ.

Drawdown Indicators

	FBDC	GPZ	Difference
Max Drawdown Largest peak-to-trough decline	-20.60%	-31.72%	+11.12%
Current Drawdown Current decline from peak	-17.57%	-27.34%	+9.77%
Average Drawdown Average peak-to-trough decline	-9.11%	-9.54%	+0.43%

Volatility

Volatility by Period

	FBDC	GPZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.36%	26.76%	-9.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.36%	26.76%	-9.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.36%	26.76%	-9.40%