GPZ
VanEck Alternative Asset Manager ETF
VanEck Alternative Asset Manager ETF seeks to provide investment results that correspond closely to the performance of companies involved in the management of alternative assets, including hedge funds, private equity, and real estate.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 238.5 M
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Inception date | Jun 04, 2025 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| BLACKSTONE GROUP LP/THE | 12.9 % |
| BROOKFIELD CORP | 11.0 % |
| KKR & CO LP | 10.3 % |
| APOLLO GLOBAL MANAGEMENT INC. | 7.3 % |
| ARES MANAGEMENT LP | 6.8 % |
| INTERMEDIATE CAPITAL GROUP PLC | 5.2 % |
| EQT AB | 4.8 % |
| CARLYLE GROUP/THE | 4.5 % |
| BROOKFIELD ASSET MGMT-A | 4.5 % |
| ONEX CORPORATION | 4.4 % |
Constituent Breakdown
| Number of holdings | 25 |
| Herfindahl-Hirschman Index | 693 |
| Wgt avg mkt cap (mns) | $40,632 |
| Large cap (>$10bn) | 61.7% |
| Mid cap ($2-10bn) | 31.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 97.2% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 60.0 % |
 |
CANADA | 19.9 % |
 |
BRITAIN | 5.2 % |
 |
SWEDEN | 4.8 % |
 |
SWITZERLAND | 4.1 % |
 |
FRANCE | 3.3 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -21.0% | -18.9% | -- | -- | -- | -- | -- | -13.4% |
| Dividend Yield | 0.0% | 0.7% | -- | -- | -- | -- | -- | 0.7% |
| Total Returns | -21.0% | -18.2% | -- | -- | -- | -- | -- | -12.8% | Ann. Volatility | 32.1% | 27.8% | -- | -- | -- | -- | -- | 27.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.42 | 41% |
| MSCI EAFE | 0.96 | 29% |
| MSCI Emg Mkts | 0.52 | 19% |
Liquidity Measures
| Avg. volume (000) | 169 |
| ADV traded (mns) | $4 |
| Turnover | 1.6% |
| Avg. Bid/Ask (% of price) | 0.21% |
Technical Indicators
| 30d moving avg. (EMA) | $22.42 |
| Relative strength (RSI) | 52 |
| MACD/Signal | 0.06/0.01 |
| Bollinger Bands (Upper/Lower) | $23.35/$21.06 |
| Short interest (% of AUM) | 0.8% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GPZ |
Expenses vs. GPZ |
ALTAR Score™ vs. GPZ |
|---|---|---|---|---|
| PRVT | Tema Listed Private Managers ETF | 65.5% | +59 bp | -0.2% |
| LBO | WHITEWOLF Publicly Listed Private Equity ETF | 45.9% | +30 bp | +2.8% |
| PSP | Invesco Global Listed Private Equity ETF | 35.3% | +66 bp | +1.5% |
| AKRE | Akre Focus ETF | 15.4% | +66 bp | -1.0% |
| KCE | State Street SPDR S&P Capital Markets ETF | 12.5% | -5 bp | +0.3% |
Risk and Returns: GPZ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/30/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
6.0%
ALTAR SCORE™
63rd
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 1,402 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 1.9%. GPZ's ALTAR Score™ is approximately 0.3 standard
deviations above the category average. This places GPZ in the 63rd percentile
among funds in the category.
Sell-Side Consensus
$31.69
PRICE TARGET
+38.9%
UPSIDE