GPZ vs IVV
VanEck Alternative Asset Manager ETF vs iShares Core S&P 500 ETF
Which is better, GPZ or IVV?
Multi Alternative against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 69.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GPZ | IVV |
|---|---|---|
| Expense Ratio | 0.40% | 0.03%Best |
| AUM | $229M | $882.6B |
| Dividend Yield | 0.89% | 1.06% |
| Holdings | 42 | 508 |
| YTD Return | -22.77% | +12.76%Best |
| 1Y Return | -20.75% | +15.57%Best |
| 3Y Return (annualized) | - | +22.95% |
| 5Y Return (annualized) | - | +13.54% |
| Volatility (annualized) | 26.9% | 11.6%Best |
| Max Drawdown | -31.7% | -8.9%Best |
| $10,000 over 1.3 years | $8,623 | $13,048Best |
| Top 10 Weight | 69.9% | 38.1%Best |
| Fund Family | VanEck | iShares by BlackRock (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Jun 4, 2025 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jun 5, 2025 to Oct 1, 2026 (1.3 years).
GPZ vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.3 years both funds cover.
GPZ vs IVV Performance
VanEck Alternative Asset Manager ETF (GPZ) is an ETF from VanEck and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year GPZ returned -20.75% while IVV returned +15.57%. Year to date, GPZ is down 22.77% versus a gain of 12.76% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GPZ has been the more volatile fund, with annualized monthly volatility of 26.9% compared with 11.6% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -31.7% for GPZ and -8.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.43. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GPZ charges 0.40% per year while IVV charges 0.03%. On a $10,000 position that is $40 vs $3 annually, a gap of $37 per year that compounds over a long holding period. On income, GPZ currently yields 0.89% against 1.06% for IVV.
Holdings Overlap
37.5% of GPZ's money is in holdings IVV also owns. 0.4% of IVV's money is in holdings GPZ also owns.
The two portfolios partly overlap.
4 positions in common, counted across the 20 positions we hold weights for in GPZ and 505 in IVV, against full books of 42 and 508.
What only one of them owns
Our book lists 493 positions for IVV that do not appear in our book for GPZ (98.9% of the fund), and 7 for GPZ that do not appear in IVV (23.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
37.5% of GPZ is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GPZ or IVV?
GPZ has an expense ratio of 0.40% while IVV charges 0.03%. IVV is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, GPZ or IVV?
Over the past year GPZ returned -20.75% vs +15.57% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), GPZ annualized -10.77% vs +22.71% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GPZ or IVV?
GPZ has been the more volatile fund at 26.9% annualized versus 11.6% for IVV. Worst drawdown: GPZ -31.7% vs IVV -8.9%.
Should I hold both GPZ and IVV?
GPZ and IVV have a monthly-return correlation of 0.43, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GPZ and IVV?
37.5% of GPZ's money is in holdings IVV also owns. 0.4% of IVV's is in holdings GPZ also owns. They hold 4 positions in common, counted across the 20 positions we hold weights for in GPZ and 505 in IVV.
Which pays a higher dividend, GPZ or IVV?
GPZ yields 0.89% while IVV yields 1.06%, so IVV currently pays the higher dividend yield.
Is IVV better than GPZ?
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 69.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.