GPZ vs IVV
VanEck Alternative Asset Manager ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GPZ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.03% | |
| AUM | $243M | $865.2B | |
| Dividend Yield | 1.05% | 1.09% | |
| Holdings | 25 | 508 | |
| YTD Return | -7.53% | +13.72% | |
| 1Y Return | -10.98% | +21.64% | |
| 3Y Return (annualized) | - | +21.55% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 25.6% | 15.1% | |
| Max Drawdown | -31.7% | -56.5% | |
| Fund Family | VanEck | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 4, 2025 | May 15, 2000 |
GPZ vs IVV Performance
VanEck Alternative Asset Manager ETF (GPZ) is a ETF from VanEck and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GPZ returned -10.98% while IVV returned +21.64%. Year to date, GPZ is down 7.53% versus a gain of 13.72% for IVV.
Risk: Volatility and Drawdowns
GPZ has been the more volatile fund, with annualized monthly volatility of 25.6% compared with 15.1% 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 -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.05% against 1.09% for IVV.
Holdings Overlap
GPZ and IVV share 4 holdings out of 520 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $37 per year of difference.
Which performed better, GPZ or IVV?
Over the past year GPZ returned -10.98% vs +21.64% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), GPZ annualized +2.51% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, GPZ or IVV?
GPZ has been the more volatile fund at 25.6% annualized versus 15.1% for IVV. Worst drawdown: GPZ -31.7% vs IVV -56.5%.
Should I hold both GPZ and IVV?
GPZ and IVV have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GPZ and IVV?
GPZ and IVV share 4 common holdings with a 0.4% weight overlap. Combined, they hold 520 unique securities.
Which pays a higher dividend, GPZ or IVV?
GPZ yields 1.05% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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