GPZ vs VOO
VanEck Alternative Asset Manager ETF vs Vanguard S&P 500 ETF
Which is better, GPZ or VOO?
Multi Alternative against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 69.7%.
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 | VOO |
|---|---|---|
| Expense Ratio | 0.40% | 0.03%Best |
| AUM | $250M | $997.4B |
| Dividend Yield | 0.89% | 1.04% |
| Holdings | 21 | 509 |
| YTD Return | -20.77% | +13.82%Best |
| 1Y Return | -21.03% | +18.56%Best |
| 3Y Return (annualized) | - | +23.49% |
| 5Y Return (annualized) | - | +13.34% |
| Volatility (annualized) | 26.9% | 11.8%Best |
| Max Drawdown | -31.7% | -8.9%Best |
| $10,000 over 1.3 years | $8,827 | $13,218Best |
| Top 10 Weight | 69.7% | 37.6%Best |
| Fund Family | VanEck | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Jun 4, 2025 | Sep 7, 2010 |
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 Sep 25, 2026 (1.3 years).
GPZ vs VOO 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 VOO Performance
VanEck Alternative Asset Manager ETF (GPZ) is an ETF from VanEck and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year GPZ returned -21.03% while VOO returned +18.56%. Year to date, GPZ is down 20.77% versus a gain of 13.82% for VOO.
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 11.8% for VOO. 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 VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.40. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GPZ charges 0.40% per year while VOO 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 1.04% for VOO.
Holdings Overlap
37.5% of GPZ's money is in holdings VOO also owns. 0.4% of VOO'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 494 in VOO, against full books of 21 and 509.
What only one of them owns
Our book lists 483 positions for VOO that do not appear in our book for GPZ (98.8% of the fund), and 7 for GPZ that do not appear in VOO (24.0%).
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 VOO.
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 VOO?
GPZ has an expense ratio of 0.40% while VOO charges 0.03%. VOO is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, GPZ or VOO?
Over the past year GPZ returned -21.03% vs +18.56% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), GPZ annualized -9.15% vs +23.94% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GPZ or VOO?
GPZ has been the more volatile fund at 26.9% annualized versus 11.8% for VOO. Worst drawdown: GPZ -31.7% vs VOO -8.9%.
Should I hold both GPZ and VOO?
GPZ and VOO have a monthly-return correlation of 0.40, 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 VOO?
37.5% of GPZ's money is in holdings VOO also owns. 0.4% of VOO'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 494 in VOO.
Which pays a higher dividend, GPZ or VOO?
GPZ yields 0.89% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than GPZ?
VOO has a lower expense ratio. VOO led over 1Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 69.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.