GPZ vs VYM
VanEck Alternative Asset Manager ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | GPZ | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.04% | |
| AUM | $243M | $79.0B | |
| Dividend Yield | 1.05% | 2.86% | |
| Holdings | 25 | 568 | |
| YTD Return | -7.53% | +16.53% | |
| 1Y Return | -10.98% | +25.03% | |
| 3Y Return (annualized) | - | +18.54% | |
| 5Y Return (annualized) | - | +12.25% | |
| Volatility (annualized) | 25.6% | 14.6% | |
| Max Drawdown | -31.7% | -58.8% | |
| Fund Family | VanEck | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 4, 2025 | Nov 10, 2006 |
GPZ vs VYM Performance
VanEck Alternative Asset Manager ETF (GPZ) is a ETF from VanEck and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year GPZ returned -10.98% while VYM returned +25.03%. Year to date, GPZ is down 7.53% versus a gain of 16.53% for VYM.
Risk: Volatility and Drawdowns
GPZ has been the more volatile fund, with annualized monthly volatility of 25.6% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 0.22. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GPZ charges 0.40% per year while VYM charges 0.04%. On a $10,000 position that is $40 vs $4 annually, a gap of $36 per year that compounds over a long holding period. On income, GPZ currently yields 1.05% against 2.86% for VYM.
Holdings Overlap
GPZ and VYM share 8 holdings out of 569 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GPZ or VYM?
GPZ has an expense ratio of 0.40% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, GPZ or VYM?
Over the past year GPZ returned -10.98% vs +25.03% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), GPZ annualized +2.51% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, GPZ or VYM?
GPZ has been the more volatile fund at 25.6% annualized versus 14.6% for VYM. Worst drawdown: GPZ -31.7% vs VYM -58.8%.
Should I hold both GPZ and VYM?
GPZ and VYM have a monthly-return correlation of 0.22, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GPZ and VYM?
GPZ and VYM share 8 common holdings with a 0.8% weight overlap. Combined, they hold 569 unique securities.
Which pays a higher dividend, GPZ or VYM?
GPZ yields 1.05% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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