GPZ vs. XLFI

Last updated Jul 15, 2026

GPZ (VanEck Alternative Asset Manager ETF) and XLFI (State Street Financial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - GPZ is a Financials Equities fund tracking the MarketVector Alternative Asset Managers Index, while XLFI is a Derivative Income fund actively managed by State Street. GPZ is passively managed, while XLFI is actively managed. A 0.63 correlation means they provide meaningful diversification when combined. GPZ charges 0.40%/yr vs 0.35%/yr for XLFI.

Performance

GPZ vs. XLFI - 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 Premium Income ETF (XLFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GPZ achieves a -17.20% return, which is significantly lower than XLFI's 1.85% return.

GPZ

• 1D: 1.35%
• 1M: -1.83%
• 6M: -19.12%
• YTD: -17.20%
• 1Y: -18.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLFI

• 1D: 0.45%
• 1M: 3.48%
• 6M: 0.88%
• YTD: 1.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GPZ vs. XLFI - Yearly Performance Comparison

	2026 (YTD)	2025
GPZ VanEck Alternative Asset Manager ETF	-17.20%	-4.85%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	1.85%	5.40%

Correlation

The correlation between GPZ and XLFI is 0.63, 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 Jul 30, 2025	0.63

GPZ vs. XLFI - Sectors Allocation Comparison

Sectors	GPZ	XLFI
Financial Services	100.0%	99.9%
Real Estate	2.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

GPZ vs. XLFI — Risk / Return Rank

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

GPZ

GPZ Risk / Return Rank: 4
GPZ Sharpe Ratio Rank: 4
GPZ Sortino Ratio Rank: 4
GPZ Omega Ratio Rank: 4
GPZ Calmar Ratio Rank: 4
GPZ Martin Ratio Rank: 4

XLFI

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

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. XLFI - 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 Premium Income ETF (XLFI). 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	XLFI	Difference
Sharpe ratio: Return per unit of total volatility	-0.65	—	—
Sortino ratio: Return per unit of downside risk	-0.77	—	—
Omega ratio: Gain probability vs. loss probability	0.91	—	—
Calmar ratio: Return relative to maximum drawdown	-0.57	—	—
Martin ratio: Return relative to average drawdown	-1.07	—	—

Drawdowns

GPZ vs. XLFI - Drawdown Comparison

The maximum GPZ drawdown since its inception was -31.72%, which is greater than XLFI's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for GPZ and XLFI.

Drawdown Indicators

	GPZ	XLFI	Difference
Max Drawdown Largest peak-to-trough decline	-31.72%	-11.89%	-19.83%
Max Drawdown (1Y) Largest decline over 1 year	-31.72%	—	—
Current Drawdown Current decline from peak	-23.94%	0.00%	-23.94%
Average Drawdown Average peak-to-trough decline	-12.98%	-3.17%	-9.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.97%	—	—

Volatility

Volatility by Period

	GPZ	XLFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.78%	12.02%	+15.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.44%	12.02%	+15.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.44%	12.02%	+15.42%

GPZ vs. XLFI - Expense Ratio Comparison

GPZ has a 0.40% expense ratio, which is higher than XLFI's 0.35% expense ratio.

Dividends

GPZ vs. XLFI - Dividend Comparison

GPZ's dividend yield for the trailing twelve months is around 1.00%, less than XLFI's 11.44% yield.

Position	TTM	2025
GPZ VanEck Alternative Asset Manager ETF	1.00%	0.83%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	11.44%	5.57%

Frequently Asked Questions

Can I hold both GPZ and XLFI in my portfolio?

GPZ and XLFI 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 XLFI?

On fees, XLFI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GPZ or XLFI?

XLFI is cheaper with a 0.35% expense ratio, compared with 0.40% for GPZ.

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

XLFI has the higher dividend yield at 11.44%, compared with 1.00% for GPZ.

What is the main difference between GPZ and XLFI?

GPZ is categorized as Financials Equities, while XLFI is Derivative Income. They also come from different issuers: VanEck and State Street. Their fees differ too: 0.40% for GPZ and 0.35% for XLFI.