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GPZvsRWOETF Comparison

ETF 1

GPZ

VanEck Alternative Asset Manager ETF

This fund is part of

Uncategorized Equities

+0.24%

Full GPZ fund page

VS

ETF 2

RWO

State Street SPDR Dow Jones Global Real Estate ETF

This fund is part of

Global Blended Cap

+0.33%

Full RWO fund page

VanEck Alternative Asset Manager ETF (GPZ) belongs to the Uncategorized Equities segment. State Street SPDR Dow Jones Global Real Estate ETF (RWO) is part of the Global Blended Cap segment. GPZ's top 1 sector exposures are Finance. In contrast, RWO's top sector exposures are Finance, Business Services and Industrials. GPZ is less expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.5% for RWO. GPZ is down -10.52% year-to-date (YTD) with +$130M in YTD flows. RWO performs better with 10.82% YTD performance, and +$20M in YTD flows. Run a side-by-side ETF comparison of GPZ and RWO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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GPZ vs RWO performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/02/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	GPZ RWO	-0.19%-3.33%	+5.50%+3.22%	-10.52%+10.82%	-12.71%+13.69%	n/a+35.22%	n/a+6.79%
Flows	GPZ RWO	-$4M-$15M	-$6M+$5M	+$130M+$20M	+$193M+$23M	--$178M	--$329M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	GPZ RWO	+29.42%+12.57%	+27.88%+11.64%	n/a+14.27%	n/a+15.76%
Max drawdown	GPZ RWO	-10.45%-4.98%	-30.25%-9.03%	n/a-16.98%	n/a-32.53%
Max drawdown duration	GPZ RWO	45d38d	349d49d	n/a396d	n/a1502d

Trading data

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	GPZ	RWO
Last sale 9/3/2026 at 3:39 PM	$24.42	$49.56
Previous close 09/02/2026	$24.26	$49.28
Consolidated volume 09/02/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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	GPZ	RWO
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/3/2026 at 3:39 PM

Live

Closed

	GPZ	RWO
Last price	$24.42	$49.56
1D performance	+0.66%	+0.57%
AuM	$249.86 M	$1.25 B
E/R	0.4%	0.5%

Characteristics

	GPZ	RWO
Management strategy	Passive	Passive
Provider	VanEck	State Street Investment Management
Benchmark	MarketVector Alternative Asset Managers Index	Dow Jones Global Select Real Estate Securities Index
N° of holdings	20	218
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	June 4, 2025	May 7, 2008
ESG	No	No

More GPZ data on Trackinsight

More RWO data on Trackinsight

Exposure

Countries

GPZ

USA

64.38%

Canada

16.61%

Other

19.01%

RWO

USA

72.54%

Japan

7.06%

Other

20.4%

Sectors

GPZ

Finance

99.91%

Other

0.09%

RWO

Finance

98.65%

Other

1.35%

Diversification

GPZ

Total weight of top 15 holdings out of 15

89.18%

RWO

Total weight of top 15 holdings out of 15

49.26%

Top 15 holdings

Data as of July 31, 2026

GPZ

Blackstone, Inc.

12.46%

Brookfield Corp.

11.02%

KKR & Co., Inc.

10.28%

Apollo Global Management, Inc.

7.38%

Ares Management Corp.

6.73%

EQT AB

4.88%

Brookfield Asset Management Ltd.

4.59%

ICG Plc

4.58%

The Carlyle Group Inc.

4.52%

ONEX Corp.

4.29%

Partners Group Holding AG

4.07%

Blue Owl Capital, Inc.

3.80%

Hamilton Lane, Inc.

3.65%

HA Sustainable Infrastructure Capital, Inc.

3.65%

Eurazeo SE

3.28%

RWO

Welltower, Inc.

9.48%

Prologis, Inc.

7.72%

Equinix, Inc.

5.76%

Simon Property Group, Inc.

4.26%

Digital Realty Trust, Inc.

3.76%

Realty Income Corp.

3.41%

Public Storage

3.12%

Ventas, Inc.

2.60%

Extra Space Storage, Inc.

1.79%

Mitsui Fudosan Co., Ltd.

1.55%

AvalonBay Communities, Inc.

1.47%

Equity Residential

1.30%

Essex Property Trust, Inc.

1.04%

SEGRO PLC

1.01%

Kimco Realty Corp.

0.98%

Frequently asked questions about GPZ and RWO

How have the GPZ and RWO ETFs performed in 2026?

As of September 2, 2026, GPZ is down -10.52% year-to-date (YTD), while RWO has returned 10.82%. That puts RWO better performer ahead so far this year.

Which ETF is attracting more investor money: GPZ or RWO?

Year-to-date, the GPZ ETF saw +$130M in flows, compared to +$20M for RWO.

Which ETF is more volatile: GPZ or RWO?

Over the past year, GPZ had a volatility of 27.88%, while RWO experienced 11.64%.

Which ETF is bigger: GPZ or RWO?

As of September 2, 2026, GPZ holds $249.86 M in assets under management (AUM), while RWO manages $1.25 B.

What sectors do the GPZ and RWO ETFs invest in?

GPZ leans toward sectors like Finance. Meanwhile, RWO focuses on Finance.

What are the top holdings of the GPZ ETF and RWO ETF?

GPZ top holdings include Blackstone, Inc., Brookfield Corp. and KKR & Co., Inc.. RWO holds in its top three: Welltower, Inc., Prologis, Inc. and Equinix, Inc..

Which ETF is more diversified: GPZ or RWO?

GPZ holds 20 securities with 89.18% of its assets in the top 15. RWO has 218 securities and a top 15 weight of 49.26%.

ETF Rising Stars: The Breakout Funds of 2025

October 30, 2025

GPZ

GPZvsRWOETF Comparison

VanEck Alternative Asset Manager ETF

State Street SPDR Dow Jones Global Real Estate ETF

GPZ vs RWO performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the GPZ and RWO ETFs performed in 2026?

As of September 2, 2026, GPZ is down -10.52% year-to-date (YTD), while RWO has returned 10.82%. That puts RWO better performer ahead so far this year.

Which ETF is attracting more investor money: GPZ or RWO?

Year-to-date, the GPZ ETF saw +$130M in flows, compared to +$20M for RWO.

Which ETF is more volatile: GPZ or RWO?

Over the past year, GPZ had a volatility of 27.88%, while RWO experienced 11.64%.

Which ETF is bigger: GPZ or RWO?

As of September 2, 2026, GPZ holds $249.86 M in assets under management (AUM), while RWO manages $1.25 B.

What sectors do the GPZ and RWO ETFs invest in?

GPZ leans toward sectors like Finance. Meanwhile, RWO focuses on Finance.

What are the top holdings of the GPZ ETF and RWO ETF?

GPZ top holdings include Blackstone, Inc., Brookfield Corp. and KKR & Co., Inc.. RWO holds in its top three: Welltower, Inc., Prologis, Inc. and Equinix, Inc..

Which ETF is more diversified: GPZ or RWO?

GPZ holds 20 securities with 89.18% of its assets in the top 15. RWO has 218 securities and a top 15 weight of 49.26%.

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