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FNCL vs. GPZ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FNCL vs. GPZ

Last updated Jun 4, 2026

FNCL (Fidelity MSCI Financials Index ETF) and GPZ (VanEck Alternative Asset Manager ETF) are both Financials Equities funds - FNCL tracks the MSCI USA IMI Financials Index while GPZ tracks the MarketVector Alternative Asset Managers Index. Both are passively managed. A 0.70 correlation means they provide meaningful diversification when combined. FNCL charges 0.08%/yr vs 0.40%/yr for GPZ.

Performance

FNCL vs. GPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Financials Index ETF (FNCL) and VanEck Alternative Asset Manager ETF (GPZ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FNCL achieves a -6.43% return, which is significantly higher than GPZ's -19.37% return.

FNCL

1D
-1.42%
1M
-1.74%
YTD
-6.43%
6M
-3.99%
1Y
2.36%
3Y*
18.42%
5Y*
7.79%
10Y*
12.14%

GPZ

1D
-4.70%
1M
-6.69%
YTD
-19.37%
6M
-16.71%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FNCL vs. GPZ - Yearly Performance Comparison

2026 (YTD)2025
FNCL
Fidelity MSCI Financials Index ETF		-6.43%10.26%
GPZ
VanEck Alternative Asset Manager ETF		-19.37%9.43%

Correlation

The correlation between FNCL and GPZ is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jun 6, 2025

0.70

FNCL vs. GPZ - Sectors Allocation Comparison

Sectors
FNCL
GPZ

Financial Services

96.9%
100.0%

Technology

2.1%

-

Real Estate

0.7%
2.3%

Industrials

0.2%

-

Healthcare

0.0%

-

Communication Services

0.0%

-

Consumer Cyclical

0.0%

-

Basic Materials

-

-

Consumer Defensive

-

-

Energy

-

-

Utilities

-

-

Financial Services

FNCL
96.9%
GPZ
100.0%

Technology

FNCL
2.1%
GPZ

-

Real Estate

FNCL
0.7%
GPZ
2.3%

Industrials

FNCL
0.2%
GPZ

-

Healthcare

FNCL
0.0%
GPZ

-

Communication Services

FNCL
0.0%
GPZ

-

Consumer Cyclical

FNCL
0.0%
GPZ

-

Basic Materials

FNCL

-

GPZ

-

Consumer Defensive

FNCL

-

GPZ

-

Energy

FNCL

-

GPZ

-

Utilities

FNCL

-

GPZ

-

Compare stocks, funds, or ETFs

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Fidelity MSCI Financials Index ETF

VanEck Alternative Asset Manager ETF

Often compared with FNCL:
FNCL vs. XLFFNCL vs. VFHFNCL vs. FIDSXFNCL vs. FSPCXFNCL vs. FTECFNCL vs. KBEFNCL vs. FCOM
Often compared with GPZ:
GPZ vs. PSPGPZ vs. RAAXGPZ vs. CEFGPZ vs. GDLCGPZ vs. IPRV.LGPZ vs. REMXGPZ vs. QQQM

Return for Risk

FNCL vs. GPZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FNCL
FNCL Risk / Return Rank: 1010
Overall Rank
FNCL Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
FNCL Sortino Ratio Rank: 1010
Sortino Ratio Rank
FNCL Omega Ratio Rank: 1010
Omega Ratio Rank
FNCL Calmar Ratio Rank: 1010
Calmar Ratio Rank
FNCL Martin Ratio Rank: 1111
Martin Ratio Rank
GPZ
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FNCL vs. GPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Financials Index ETF (FNCL) and VanEck Alternative Asset Manager ETF (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.

FNCLGPZDifference
Sharpe ratioReturn per unit of total volatility
0.16

—

—

Sortino ratioReturn per unit of downside risk
0.32

—

—

Omega ratioGain probability vs. loss probability

1.04

—

—

Calmar ratioReturn relative to maximum drawdown

0.16

—

—

Martin ratioReturn relative to average drawdown

0.43

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FNCL vs. GPZ - Sharpe Ratio Comparison

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Sharpe Ratios by Period

FNCLGPZDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.16

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.41

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

-0.44

+0.96

Drawdowns

FNCL vs. GPZ - Drawdown Comparison

The maximum FNCL drawdown since its inception was -44.38%, which is greater than GPZ's maximum drawdown of -31.72%. Use the drawdown chart below to compare losses from any high point for FNCL and GPZ.

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Drawdown Indicators

FNCLGPZDifference

Max Drawdown

Largest peak-to-trough decline

-44.38%

-31.72%

-12.66%

Max Drawdown (1Y)

Largest decline over 1 year

-14.78%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-17.29%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-25.68%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-44.38%

—

—

Current Drawdown

Current decline from peak

-9.28%

-25.93%

+16.65%

Average Drawdown

Average peak-to-trough decline

-6.90%

-11.74%

+4.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.56%

—

—

Volatility

FNCL vs. GPZ - Volatility Comparison

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Volatility by Period

FNCLGPZDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.26%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

11.03%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

14.76%

27.33%

-12.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.26%

27.33%

-8.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.34%

27.33%

-4.99%

FNCL vs. GPZ - Expense Ratio Comparison

FNCL has a 0.08% expense ratio, which is lower than GPZ's 0.40% expense ratio.

Dividends

FNCL vs. GPZ - Dividend Comparison

FNCL's dividend yield for the trailing twelve months is around 1.70%, more than GPZ's 1.03% yield.

PositionTTM20252024202320222021202020192018201720162015
FNCL
Fidelity MSCI Financials Index ETF		1.70%1.45%1.52%1.91%2.29%1.75%2.26%2.17%2.37%1.60%1.81%2.17%
GPZ
VanEck Alternative Asset Manager ETF		1.03%0.83%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FNCL and GPZ have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FNCL is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FNCL is cheaper with a 0.08% expense ratio, compared with 0.40% for GPZ.

FNCL has the higher dividend yield at 1.70%, compared with 1.03% for GPZ.

FNCL tracks MSCI USA IMI Financials Index, while GPZ tracks MarketVector Alternative Asset Managers Index. They also come from different issuers: Fidelity and VanEck. Their fees differ too: 0.08% for FNCL and 0.40% for GPZ.

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