GPZ vs. XLFI

Last updated Aug 4, 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. Over the past year, GPZ returned -11.39% vs 12.57% for XLFI. Their 0.63 correlation means they have sometimes moved together and sometimes differently. 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 -10.76% return, which is significantly lower than XLFI's 4.34% return.

GPZ

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

XLFI

• 1D: 1.13%
• 1M: 3.25%
• 6M: 5.06%
• YTD: 4.34%
• 1Y: 12.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.86%

*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
XLFI State Street Financial Select Sector SPDR Premium Income ETF	$182.20K	$220.07K	$173.47K

GPZ vs. XLFI - Yearly Performance Comparison

	2026 (YTD)	2025
GPZ VanEck Alternative Asset Manager ETF	-10.76%	-4.85%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	4.34%	5.40%

Correlation

The correlation between GPZ and XLFI 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 (1Y) Focuses on recent behavior, but can change the most.	0.63
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.63

The correlation between GPZ and XLFI has been stable across timeframes, ranging from 0.63 to 0.63 - a consistent structural relationship.

GPZ vs. XLFI - Sectors Allocation Comparison

Sectors	GPZ	XLFI
Financial Services	100.0%	100.4%
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 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

XLFI

XLFI Risk / Return Rank: 35
XLFI Sharpe Ratio Rank: 39
XLFI Sortino Ratio Rank: 36
XLFI Omega Ratio Rank: 38
XLFI Calmar Ratio Rank: 30
XLFI Martin Ratio Rank: 31

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. 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	-0.41	1.07	-1.48
Sortino ratio: Return per unit of downside risk	-0.39	1.45	-1.85
Omega ratio: Gain probability vs. loss probability	0.95	1.20	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.36	1.06	-1.42
Martin ratio: Return relative to average drawdown	-0.64	2.98	-3.63

GPZ vs. XLFI - Sharpe Ratio Comparison

The current GPZ Sharpe Ratio is -0.41, which is lower than the XLFI Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of GPZ and XLFI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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%	-11.89%	-19.83%
Current Drawdown Current decline from peak	-18.02%	0.00%	-18.02%
Average Drawdown Average peak-to-trough decline	-13.43%	-3.01%	-10.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.76%	4.22%	+13.54%

Volatility

GPZ vs. XLFI - Volatility Comparison

VanEck Alternative Asset Manager ETF (GPZ) has a higher volatility of 7.78% compared to State Street Financial Select Sector SPDR Premium Income ETF (XLFI) at 2.84%. This indicates that GPZ's price experiences larger fluctuations and is considered to be riskier than XLFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPZ	XLFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.78%	2.84%	+4.94%
Volatility (6M) Calculated over the trailing 6-month period	22.75%	9.14%	+13.61%
Volatility (1Y) Calculated over the trailing 1-year period	28.06%	11.82%	+16.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.57%	11.88%	+15.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.57%	11.88%	+15.69%

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 0.93%, less than XLFI's 12.13% yield.

Position	TTM	2025
GPZ VanEck Alternative Asset Manager ETF	0.93%	0.83%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	12.13%	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 is riskier, GPZ or XLFI?

GPZ has higher volatility (7.78%) compared to XLFI (2.84%). In terms of maximum drawdown, GPZ dropped -31.72% vs XLFI's -11.89%.

Which ETF is better, GPZ or XLFI?

On 1-year performance, XLFI leads with 12.57% vs -11.39% for GPZ. On fees, XLFI is cheaper at 0.35% per year. On volatility, XLFI has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GPZ or XLFI?

Over the 1-year period, XLFI has performed better with a 12.57% return vs -11.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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 12.13%, compared with 0.93% 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.

Which has better risk-adjusted returns?

XLFI currently has the higher Sharpe Ratio (1.07 vs -0.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.