GPZ vs. XLF

Last updated Jun 4, 2026

GPZ (VanEck Alternative Asset Manager ETF) and XLF (State Street Financial Select Sector SPDR ETF) are both Financials Equities funds - GPZ tracks the MarketVector Alternative Asset Managers Index while XLF tracks the Financial Select Sector Index. Both are passively managed. A 0.67 correlation means they provide meaningful diversification when combined. GPZ charges 0.40%/yr vs 0.08%/yr for XLF.

Performance

GPZ vs. XLF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Alternative Asset Manager ETF (GPZ) and State Street Financial Select Sector SPDR ETF (XLF). 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 XLF's -6.64% return.

GPZ

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

XLF

• 1D: -1.15%
• 1M: -1.38%
• YTD: -6.64%
• 6M: -4.18%
• 1Y: 1.13%
• 3Y*: 17.64%
• 5Y*: 7.61%
• 10Y*: 12.38%

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

GPZ vs. XLF - Yearly Performance Comparison

	2026 (YTD)	2025
GPZ VanEck Alternative Asset Manager ETF	-19.37%	9.43%
XLF State Street Financial Select Sector SPDR ETF	-6.64%	9.24%

Correlation

The correlation between GPZ and XLF is 0.67, 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	0.67

GPZ vs. XLF - Sectors Allocation Comparison

Sectors	GPZ	XLF
Financial Services	100.0%	98.0%
Real Estate	2.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	0.2%
Technology	-	1.8%
Utilities	-	-

Return for Risk

GPZ vs. XLF — Risk / Return Rank

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

XLF

XLF Risk / Return Rank: 9
XLF Sharpe Ratio Rank: 9
XLF Sortino Ratio Rank: 9
XLF Omega Ratio Rank: 9
XLF Calmar Ratio Rank: 9
XLF Martin Ratio Rank: 9

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. XLF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Alternative Asset Manager ETF (GPZ) and State Street Financial Select Sector SPDR ETF (XLF). 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	XLF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.08	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.41	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.44	0.20	-0.64

Drawdowns

GPZ vs. XLF - Drawdown Comparison

The maximum GPZ drawdown since its inception was -31.72%, smaller than the maximum XLF drawdown of -82.69%. Use the drawdown chart below to compare losses from any high point for GPZ and XLF.

Drawdown Indicators

	GPZ	XLF	Difference
Max Drawdown Largest peak-to-trough decline	-31.72%	-82.69%	+50.97%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.79%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.54%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.81%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.86%	—
Current Drawdown Current decline from peak	-25.93%	-9.34%	-16.59%
Average Drawdown Average peak-to-trough decline	-11.74%	-20.03%	+8.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.66%	—

Volatility

Volatility by Period

	GPZ	XLF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.33%	14.41%	+12.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.33%	18.63%	+8.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.33%	22.16%	+5.17%

GPZ vs. XLF - Expense Ratio Comparison

GPZ has a 0.40% expense ratio, which is higher than XLF's 0.08% expense ratio.

Dividends

GPZ vs. XLF - Dividend Comparison

GPZ's dividend yield for the trailing twelve months is around 1.03%, less than XLF's 1.56% 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%
XLF State Street Financial Select Sector SPDR ETF	1.56%	1.31%	1.42%	1.71%	2.04%	1.63%	2.03%	1.87%	2.08%	1.48%	21.10%	1.95%

Frequently Asked Questions

Can I hold both GPZ and XLF in my portfolio?

GPZ and XLF have a correlation of 0.67, 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 XLF?

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

Which ETF is cheaper, GPZ or XLF?

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

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

XLF has the higher dividend yield at 1.56%, compared with 1.03% for GPZ.

What is the main difference between GPZ and XLF?

GPZ tracks MarketVector Alternative Asset Managers Index, while XLF tracks Financial Select Sector Index. They also come from different issuers: VanEck and State Street. Their fees differ too: 0.40% for GPZ and 0.08% for XLF.