GPZ vs. MOAT

Last updated Jun 4, 2026

GPZ (VanEck Alternative Asset Manager ETF) and MOAT (VanEck Vectors Morningstar Wide Moat ETF) are both exchange-traded funds - GPZ is a Financials Equities fund tracking the MarketVector Alternative Asset Managers Index, while MOAT is a Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index. Both are passively managed. A 0.68 correlation means they provide meaningful diversification when combined. GPZ charges 0.40%/yr vs 0.48%/yr for MOAT.

Performance

GPZ vs. MOAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Alternative Asset Manager ETF (GPZ) and VanEck Vectors Morningstar Wide Moat ETF (MOAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GPZ achieves a -19.37% return, which is significantly lower than MOAT's -0.94% return.

GPZ

• 1D: -4.70%
• 1M: -6.69%
• YTD: -19.37%
• 6M: -16.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MOAT

• 1D: -1.37%
• 1M: 3.30%
• YTD: -0.94%
• 6M: -0.69%
• 1Y: 14.97%
• 3Y*: 11.34%
• 5Y*: 8.01%
• 10Y*: 13.37%

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

GPZ vs. MOAT - Yearly Performance Comparison

	2026 (YTD)	2025
GPZ VanEck Alternative Asset Manager ETF	-19.37%	9.43%
MOAT VanEck Vectors Morningstar Wide Moat ETF	-0.94%	16.30%

Correlation

The correlation between GPZ and MOAT is 0.68, 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	0.68

GPZ vs. MOAT - Sectors Allocation Comparison

Sectors	GPZ	MOAT
Financial Services	100.0%	6.7%
Real Estate	2.3%	0.8%
Basic Materials	-	-
Communication Services	-	2.4%
Consumer Cyclical	-	10.3%
Consumer Defensive	-	17.5%
Energy	-	-
Healthcare	-	16.0%
Industrials	-	13.5%
Technology	-	32.8%
Utilities	-	-

Return for Risk

GPZ vs. MOAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MOAT

MOAT Risk / Return Rank: 27
MOAT Sharpe Ratio Rank: 29
MOAT Sortino Ratio Rank: 29
MOAT Omega Ratio Rank: 27
MOAT Calmar Ratio Rank: 25
MOAT Martin Ratio Rank: 27

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.

GPZ vs. MOAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Alternative Asset Manager ETF (GPZ) and VanEck Vectors Morningstar Wide Moat ETF (MOAT). 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	MOAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.09	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.44	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.44	0.77	-1.21

Drawdowns

GPZ vs. MOAT - Drawdown Comparison

The maximum GPZ drawdown since its inception was -31.72%, roughly equal to the maximum MOAT drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for GPZ and MOAT.

Drawdown Indicators

	GPZ	MOAT	Difference
Max Drawdown Largest peak-to-trough decline	-31.72%	-33.31%	+1.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.43%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.44%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.31%	—
Current Drawdown Current decline from peak	-25.93%	-4.72%	-21.21%
Average Drawdown Average peak-to-trough decline	-11.74%	-3.83%	-7.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.98%	—

Volatility

Volatility by Period

	GPZ	MOAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.33%	13.86%	+13.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.33%	18.18%	+9.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.33%	18.68%	+8.65%

GPZ vs. MOAT - Expense Ratio Comparison

GPZ has a 0.40% expense ratio, which is lower than MOAT's 0.48% expense ratio.

Dividends

GPZ vs. MOAT - Dividend Comparison

GPZ's dividend yield for the trailing twelve months is around 1.03%, less than MOAT's 1.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
MOAT VanEck Vectors Morningstar Wide Moat ETF	1.37%	1.36%	1.37%	0.86%	1.25%	1.08%	1.46%	1.31%	1.79%	1.07%	1.17%	2.13%

Frequently Asked Questions

Can I hold both GPZ and MOAT in my portfolio?

GPZ and MOAT have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GPZ or MOAT?

On fees, GPZ is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GPZ or MOAT?

GPZ is cheaper with a 0.40% expense ratio, compared with 0.48% for MOAT.

Which ETF pays a higher dividend yield, GPZ or MOAT?

MOAT has the higher dividend yield at 1.37%, compared with 1.03% for GPZ.

What is the main difference between GPZ and MOAT?

GPZ is categorized as Financials Equities, while MOAT is Large Cap Blend Equities. GPZ tracks MarketVector Alternative Asset Managers Index, while MOAT tracks Morningstar Wide Moat Focus Index. Their fees differ too: 0.40% for GPZ and 0.48% for MOAT.