PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
GPZ vs. EUFN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GPZ vs. EUFN

Last updated Aug 4, 2026
Documentation

GPZ (VanEck Alternative Asset Manager ETF) and EUFN (iShares MSCI Europe Financials ETF) are both Financials Equities funds - GPZ tracks the MarketVector Alternative Asset Managers Index while EUFN tracks the MSCI Europe Financials Index (Net). Both are passively managed. Over the past year, GPZ returned -11.39% vs 38.68% for EUFN. Their 0.60 correlation means they have sometimes moved together and sometimes differently. GPZ charges 0.40%/yr vs 0.49%/yr for EUFN.

Performance

GPZ vs. EUFN - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, GPZ achieves a -10.76% return, which is significantly lower than EUFN's 16.93% return.

GPZ

1D
3.99%
1M
10.24%
6M
-7.66%
YTD
-10.76%
1Y
-11.39%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
-2.17%

EUFN

1D
1.01%
1M
5.62%
6M
11.63%
YTD
16.93%
1Y
38.68%
3Y*
35.13%
5Y*
21.93%
10Y*
14.68%
ALL TIME*
7.83%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EUFN

iShares MSCI Europe Financials ETF
$50.49M$59.15M$51.02M

GPZ

VanEck Alternative Asset Manager ETF
$3.65M$3.76M$4.22M

GPZ vs. EUFN - Yearly Performance Comparison

2026 (YTD)2025
GPZ
VanEck Alternative Asset Manager ETF		-10.76%9.24%
EUFN
iShares MSCI Europe Financials ETF		16.93%21.20%

Correlation

The correlation between GPZ and EUFN is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.59

Correlation (All Time)
Calculated using the full available price history since Jun 5, 2025

0.60

The correlation between GPZ and EUFN has been stable across timeframes, ranging from 0.59 to 0.60 - a consistent structural relationship.

GPZ vs. EUFN - Sectors Allocation Comparison

Sectors
GPZ
EUFN

Financial Services

100.0%
98.1%

Real Estate

2.3%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

0.2%

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

0.4%

Technology

-

0.9%

Utilities

-

-

Financial Services

GPZ
100.0%
EUFN
98.1%

Real Estate

GPZ
2.3%
EUFN

-

Basic Materials

GPZ

-

EUFN

-

Communication Services

GPZ

-

EUFN

-

Consumer Cyclical

GPZ

-

EUFN
0.2%

Consumer Defensive

GPZ

-

EUFN

-

Energy

GPZ

-

EUFN

-

Healthcare

GPZ

-

EUFN

-

Industrials

GPZ

-

EUFN
0.4%

Technology

GPZ

-

EUFN
0.9%

Utilities

GPZ

-

EUFN

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Alternative Asset Manager ETF

iShares MSCI Europe Financials ETF

Often compared with GPZ:
GPZ vs. PSPGPZ vs. GDLCGPZ vs. CEFGPZ vs. RAAXGPZ vs. FNCLGPZ vs. REMXGPZ vs. QQQM
Often compared with EUFN:
EUFN vs. XLFEUFN vs. FDDEUFN vs. GSIBEUFN vs. SPYEUFN vs. EURLEUFN vs. EIRLEUFN vs. IEUR

Return for Risk

GPZ vs. EUFN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
GPZ
GPZ Risk / Return Rank: 66
Overall Rank
GPZ Sharpe Ratio Rank: 66
Sharpe Ratio Rank
GPZ Sortino Ratio Rank: 66
Sortino Ratio Rank
GPZ Omega Ratio Rank: 66
Omega Ratio Rank
GPZ Calmar Ratio Rank: 66
Calmar Ratio Rank
GPZ Martin Ratio Rank: 77
Martin Ratio Rank
EUFN
EUFN Risk / Return Rank: 7777
Overall Rank
EUFN Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
EUFN Sortino Ratio Rank: 8181
Sortino Ratio Rank
EUFN Omega Ratio Rank: 7575
Omega Ratio Rank
EUFN Calmar Ratio Rank: 7373
Calmar Ratio Rank
EUFN Martin Ratio Rank: 7373
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GPZ vs. EUFN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Alternative Asset Manager ETF (GPZ) and iShares MSCI Europe Financials ETF (EUFN). 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.

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.

GPZEUFNDifference
Sharpe ratioReturn per unit of total volatility
-0.41
1.91

-2.32

Sortino ratioReturn per unit of downside risk
-0.39
2.67

-3.06

Omega ratioGain probability vs. loss probability

0.95

1.32

-0.37

Calmar ratioReturn relative to maximum drawdown

-0.36

2.63

-2.99

Martin ratioReturn relative to average drawdown

-0.64

9.24

-9.88

GPZ vs. EUFN - Sharpe Ratio Comparison

The current GPZ Sharpe Ratio is -0.41, which is lower than the EUFN Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of GPZ and EUFN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

GPZ vs. EUFN - Drawdown Comparison

The maximum GPZ drawdown since its inception was -31.72%, smaller than the maximum EUFN drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for GPZ and EUFN.

Loading charts...

Drawdown Indicators

GPZEUFNDifference

Max Drawdown

Largest peak-to-trough decline

-31.72%

-53.25%

+21.53%

Max Drawdown (1Y)

Largest decline over 1 year

-31.72%

-14.77%

-16.95%

Max Drawdown (3Y)

Largest decline over 3 years

—

-15.95%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-35.15%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-53.25%

—

Current Drawdown

Current decline from peak

-18.02%

0.00%

-18.02%

Average Drawdown

Average peak-to-trough decline

-13.43%

-14.42%

+0.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

17.76%

4.20%

+13.56%

Volatility

GPZ vs. EUFN - Volatility Comparison

VanEck Alternative Asset Manager ETF (GPZ) has a higher volatility of 7.78% compared to iShares MSCI Europe Financials ETF (EUFN) at 6.11%. This indicates that GPZ's price experiences larger fluctuations and is considered to be riskier than EUFN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

GPZEUFNDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.78%

6.11%

+1.67%

Volatility (6M)

Calculated over the trailing 6-month period

22.75%

17.74%

+5.01%

Volatility (1Y)

Calculated over the trailing 1-year period

28.06%

20.40%

+7.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.57%

21.82%

+5.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.57%

23.71%

+3.86%

GPZ vs. EUFN - Expense Ratio Comparison

GPZ has a 0.40% expense ratio, which is lower than EUFN's 0.49% expense ratio.

Dividends

GPZ vs. EUFN - Dividend Comparison

GPZ's dividend yield for the trailing twelve months is around 0.93%, less than EUFN's 3.93% yield.

PositionTTM20252024202320222021202020192018201720162015
EUFN
iShares MSCI Europe Financials ETF		3.93%3.57%5.36%5.00%4.24%4.15%1.38%4.55%6.48%3.04%4.03%3.65%
GPZ
VanEck Alternative Asset Manager ETF		0.93%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

GPZ and EUFN have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GPZ has higher volatility (7.78%) compared to EUFN (6.11%). In terms of maximum drawdown, GPZ dropped -31.72% vs EUFN's -53.25%.

On 1-year performance, EUFN leads with 38.68% vs -11.39% for GPZ. On fees, GPZ is cheaper at 0.40% per year. On volatility, EUFN has been the lower-risk option at 6.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, EUFN has performed better with a 38.68% return vs -11.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

GPZ is cheaper with a 0.40% expense ratio, compared with 0.49% for EUFN.

EUFN has the higher dividend yield at 3.93%, compared with 0.93% for GPZ.

GPZ tracks MarketVector Alternative Asset Managers Index, while EUFN tracks MSCI Europe Financials Index (Net). They also come from different issuers: VanEck and iShares. Their fees differ too: 0.40% for GPZ and 0.49% for EUFN.

EUFN currently has the higher Sharpe Ratio (1.91 vs -0.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for GPZ and EUFN

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer