GPZ vs. TRUF

Last updated Aug 4, 2026

GPZ (VanEck Alternative Asset Manager ETF) and TRUF (VanEck Financials TruSector ETF) are both Financials Equities funds from VanEck. GPZ is passively managed, while TRUF is actively managed. Their 0.63 correlation means they have sometimes moved together and sometimes differently. GPZ charges 0.40%/yr vs 0.10%/yr for TRUF.

Performance

GPZ vs. TRUF - Performance Comparison

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

Returns By Period

GPZ

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

TRUF

• 1D: 0.66%
• 1M: 3.20%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GPZ VanEck Alternative Asset Manager ETF	$3.65M	$3.76M	$4.22M
TRUF VanEck Financials TruSector ETF	$21.67K	$19.26K	$11.60K

GPZ vs. TRUF - Yearly Performance Comparison

	2026 (YTD)
GPZ VanEck Alternative Asset Manager ETF	13.20%
TRUF VanEck Financials TruSector ETF	17.36%

Correlation

The correlation between GPZ and TRUF is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 2, 2026	0.63

Return for Risk

GPZ vs. TRUF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GPZ

GPZ Risk / Return Rank: 6
GPZ Sharpe Ratio Rank: 6
GPZ Sortino Ratio Rank: 6
GPZ Omega Ratio Rank: 6
GPZ Calmar Ratio Rank: 6
GPZ Martin Ratio Rank: 7

TRUF

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

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. TRUF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Alternative Asset Manager ETF (GPZ) and VanEck Financials TruSector ETF (TRUF). 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.

	GPZ	TRUF	Difference
Sharpe ratio: Return per unit of total volatility	-0.41	—	—
Sortino ratio: Return per unit of downside risk	-0.39	—	—
Omega ratio: Gain probability vs. loss probability	0.95	—	—
Calmar ratio: Return relative to maximum drawdown	-0.36	—	—
Martin ratio: Return relative to average drawdown	-0.64	—	—

Drawdowns

GPZ vs. TRUF - Drawdown Comparison

The maximum GPZ drawdown since its inception was -31.72%, which is greater than TRUF's maximum drawdown of -3.24%. Use the drawdown chart below to compare losses from any high point for GPZ and TRUF.

Drawdown Indicators

	GPZ	TRUF	Difference
Max Drawdown Largest peak-to-trough decline	-31.72%	-3.24%	-28.48%
Max Drawdown (1Y) Largest decline over 1 year	-31.72%	—	—
Current Drawdown Current decline from peak	-18.02%	-0.39%	-17.63%
Average Drawdown Average peak-to-trough decline	-13.43%	-1.04%	-12.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.76%	—	—

Volatility

Volatility by Period

	GPZ	TRUF	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.06%	13.48%	+14.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.57%	13.48%	+14.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.57%	13.48%	+14.09%

GPZ vs. TRUF - Expense Ratio Comparison

GPZ has a 0.40% expense ratio, which is higher than TRUF's 0.10% expense ratio.

Dividends

GPZ vs. TRUF - Dividend Comparison

GPZ's dividend yield for the trailing twelve months is around 0.93%, more than TRUF's 0.35% yield.

Position	TTM	2025
GPZ VanEck Alternative Asset Manager ETF	0.93%	0.83%
TRUF VanEck Financials TruSector ETF	0.35%	0.00%

Frequently Asked Questions

Can I hold both GPZ and TRUF in my portfolio?

GPZ and TRUF have a correlation of 0.63, 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 TRUF?

On fees, TRUF is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GPZ or TRUF?

TRUF is cheaper with a 0.10% expense ratio, compared with 0.40% for GPZ.

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

GPZ has the higher dividend yield at 0.93%, compared with 0.35% for TRUF.

What is the main difference between GPZ and TRUF?

Their fees differ too: 0.40% for GPZ and 0.10% for TRUF.