VanEck Alternative Asset Manager ETF (GPZ) Performance
GPZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −19.6% since Dec 31, 2025
- 1 year
- −15.6% total return
- Since first price
- −12.0% since 2025
GPZ trailing returns vs SPY, QQQ, AGG
| Period | GPZ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.9% | −0.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.9% | −1.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −6.9% | −6.9% | +7.8% | +8.4% | −1.5% |
| YTD | −19.6% | −19.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −15.6% | −16.3% | +14.4% | +15.9% | −1.1% |
| Since inceptionJun 5, 2025 | −12.0% | −12.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GPZ vs SPY
From Jun 5, 2025: GPZ grew to $8,803, SPY to $13,027.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GPZ returns by calendar year
2026 is year to date.
GPZ annual returns table
| Year | GPZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −19.6% | −29.9% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GPZ largest drawdowns
Now 26.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 18, 2025 | −31.7% | Mar 12, 2026 | not yet | 6 months | 1.1 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
GPZ risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −15.1% |
| Volatility (annualized) | 27.8% |
| Sharpe ratio | -0.59 |
| Sortino ratio | -0.71 |
| Best month | +9.4% |
| Worst month | −15.7% |
| Best 12 months | −10.3% |
| Worst 12 months | −22.1% |
| Positive months | 47% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GPZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 5 | −22.1% | −16.6% | −10.3% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
GPZ performance overview
VanEck Alternative Asset Manager ETF (GPZ) returned −15.6% over the past year, with distributions reinvested. Since its first recorded price on Jun 5, 2025 it has returned −12.0%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −31.7%, from Sep 18, 2025 to Mar 12, 2026; the fund has not yet regained that high. Volatility has been 27.8% a year.
Related: GPZ chart, GPZ holdings, GPZ dividends, GPZ valuation. See the GPZ overview for the latest quote and fund facts.
GPZ performance FAQ
What is the GPZ return over the past year?
GPZ returned −15.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 16.3%.
How much would $10,000 invested in GPZ be worth?
$10,000 invested in GPZ at its first recorded close on June 5, 2025 would be worth about $8,803 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of GPZ?
The largest peak-to-trough decline was −31.7% between September 18, 2025 and March 12, 2026. It has not yet recovered to that high; it is 26.1% below its peak.
How volatile is GPZ?
Over the past history GPZ had an annualized volatility of 27.8% and a Sharpe ratio of -0.59 (excess return over 1–3 month T-bills per unit of risk).