GPZ vs. FBDC

Last updated Apr 1, 2026

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

GPZ and FBDC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FBDC is an actively managed fund by First Trust. It was launched on Jun 30, 2025.

Performance

GPZ vs. FBDC - Performance Comparison

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

GPZ vs. FBDC - Yearly Performance Comparison

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

Returns By Period

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

GPZ

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

FBDC

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

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

GPZ vs. FBDC - Expense Ratio Comparison

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

FBDC

FT Confluence BDC & Specialty Finance Income ETF

GPZ

VanEck ETF Trust

Return for Risk

GPZ vs. FBDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck ETF Trust (GPZ) and FT Confluence BDC & Specialty Finance Income ETF (FBDC). 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

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

Correlation

The correlation between GPZ and FBDC 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

GPZ vs. FBDC - Dividend Comparison

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

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

Drawdowns

GPZ vs. FBDC - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

Volatility by Period

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