BUYO vs GTPE: Grades, Fees and Holdings Compared

KraneShares Man Buyout Beta Index ETF

BUYOBNYSE Arca

Goldman Sachs MSCI World Private Equity Return Tracker ETF

GTPEANasdaq

Overlap

3.3%by weight

Expense ratio

GTPE −0.39pt a year

BUYO0.89%GTPE0.50%

Avg volume · 30D

GTPE 2.4×the volume

BUYO1.18KGTPE2.79K

BUYO vs GTPE Performance

Oct 31, 2025 – Oct 30, 2026

+23.1%BUYO+17.4%GTPE

Expense ratio: BUYO 0.89%; GTPE 0.50%, better
Fund size: BUYO $17M; GTPE $30M
1Y total return: BUYO +23.1%, better; GTPE +17.4%
Yield (12M): BUYO 0.01%; GTPE No data
Holdings: BUYO 323; GTPE 1590
Avg volume (30D): BUYO 1.18K sh; GTPE 2.79K sh, better
NAV per share: BUYO $33.10; GTPE $60.70
52W range

ETF.net Grade

Pillar letters and Scores for BUYO, GTPE, with each pillar’s weight
Pillar	BUYO	GTPE
Cost30% weight	B60	A87Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	A85	A89Higher
Tradability15% weight	C51Higher	D35
Holdings10% weight	A76Higher	A73
Durability5% weight	D29	C45Higher

Rank among Listed Private Markets funds

How we build Categories ›

Same Category. BUYO and GTPE are both graded against the same 12 Listed Private Markets funds, so their Grades compare head to head.

Listed Private Markets⁠

Category · 12 funds

See all 12 ›

GTPE ranks 1st and BUYO 3rd of 12 funds in the Listed Private Markets Category.

Rank 1AGTPEGoldman Sachs MSCI World Private Equity Return Tracker ETFScore 72
Rank 2BGPZVanEck Alternative Asset Manager ETFScore 66
Rank 3BBUYOKraneShares Man Buyout Beta Index ETFScore 63
Rank 4BXOVRERShares Private-Public Crossover ETFScore 57

Our read on each fund

ETF.net Research

BUYOBKraneShares Man Buyout Beta Index ETF

GTPEAGoldman Sachs MSCI World Private Equity Return Tracker ETF

In short

BUYO Private equity's playbook, run through public stocks. BUYO tracks a Man Group index that screens listed companies for the growth, profitability and value traits buyout funds hunt for, then holds roughly 300 of them in a plain ETF wrapper.

GTPE Private equity returns, minus the lockup. GTPE tracks an MSCI index that rebuilds buyout-style return patterns out of public developed-market stocks, so the exposure trades on an exchange instead of sitting in a locked-up partnership.

Stated mandate

BUYO The fund seeks to track the Man Buyout Beta Index, which provides exposure to public companies displaying characteristics associated with private-equity buyout investments.

GTPE The Fund seeks to track, before fees and expenses, the MSCI World Private Equity Return Tracker Index (Net, USD, Unhedged).

Why people hold it

BUYO 0.89% expense ratio, roughly half the median for listed private-markets ETFs and well under the 1.80% charged by the old guard of the group (PSP).
Buyout-style exposure without private-fund plumbing: a systematic index of listed stocks, bought and sold like any other ETF share.kraneshares.com
Roughly 300 names screened on growth, profitability and value, so the buyout tilt comes from a broad basket rather than a short list of alternative-asset managers.
Ranks in the upper half of its listed private-markets peer group, helped by a diversified book and a risk profile milder than most ways to play this theme.

GTPE Peers like PSP and GPZ own listed buyout shops and alt managers. GTPE goes wider: roughly 1,600 developed-market stocks tilted to growth, value, momentum and low volatility.
0.50% a year sits at the low end of the listed private-markets shelf, where the long-running incumbent PSP charges 1.80%.
A plain 1940 Act ETF holding public equities: trades any market day, no capital calls, no lockup, no accreditation requirement.

Worth knowing

BUYO Small asset base and thin trading. Spreads and market impact can add to the cost of getting in and out, on top of the stated fee.
Launched in October 2024, so the record covers only a short stretch of market weather. Less history to judge than most of its peers offer.
Cheaper doors into the theme exist (GPZ at 0.40%, GTPE at 0.50%), though each tracks a different slice of the private-markets trade.

GTPE A proxy, not the real thing. You own public stocks selected to echo private equity's return pattern, not stakes in private companies.
Launched in October 2025 and still small and thinly traded, which can mean wider bid-ask spreads and a short record to judge it on.
Developed markets only. Private-market activity in emerging economies sits outside the mandate.

Full BUYO profile⁠

Full GTPE profile⁠

BUYO vs GTPE Holdings

How BUYO and GTPE differ

Overlap by weight

3.3%

Shared holdings make up 59.8% of BUYO and 3.3% of GTPE.

Level by level

Holdings177 in both3.3%
Countryby domicile71.8%
Asset classEquity100%

Sector

No Sector split for GTPE.

Country, concentration and asset class

Country by domicile

Country weights in BUYO and GTPE, widest gap first
Country	More in BUYOMore in GTPE	BUYO	GTPE
United States	BUYO +27.0 points	97.5%	70.5%
Canada	GTPE +6.1 points	0.3%	6.4%
United Kingdom	GTPE +4.1 points	0.9%	5.0%
Germany	GTPE +2.8 points	0.0%	2.8%
Switzerland	GTPE +1.8 points	0.2%	2.0%
France	GTPE +1.6 points	0.0%	1.6%
Sweden	GTPE +1.5 points	0.0%	1.5%
Netherlands	GTPE +1.3 points	0.0%	1.3%
Other countries (22)	GTPE +7.7 points	1.1%	8.8%

Outside the US: GTPE 97% developed, 3% emerging.

Concentration

Weight in the 10 largest Holdings

BUYO11.8%
GTPE102.6%

Securities held

BUYO322
GTPE1,579

Asset class

BUYO: Equity
GTPE: Equity

Holdings

Only in BUYO145
In both177
Only in GTPE1,402

Only in BUYO

145 securities, 40.2% of BUYO by weight

News Corp - Class A1.69%
Asana Inc - Class A1.50%
Affiliated Managers Group1.17%
Morningstar Inc1.10%
Materion Corp1.00%
Teladoc Health Inc0.98%
Amneal Pharmaceuticals Inc0.93%
ATI Inc0.77%
Nvent Electric PLC0.75%
Standardaero Inc0.75%
Millicom Intl Cellular S.a.0.74%
Brightspring Health Services0.73%
Certara Inc0.66%
Porch Group Inc0.66%
Xeris Biopharma Holdings Inc0.64%
Option Care Health Inc0.61%
Qiagen N.v.0.54%
Grindr Inc0.53%
Sotera Health Co0.50%
Reliance Inc0.49%
Icu Medical Inc0.48%
Oge Energy Corp0.48%
Nisource Inc0.47%
Insulet Corp0.44%
Mueller Water Products Inc-A0.44%
Appian Corp-A0.44%
Enova International Inc0.44%
Sensient Technologies Corp0.43%
Realreal Inc/The0.42%
Vertex Inc - Class A0.41%
Mercury General Corp0.40%
Compass Minerals Internation0.39%
Kaiser Aluminum Corp0.38%
Constellium SE0.37%
Caledonia Mining Corp PLC0.37%
Onemain Holdings Inc0.36%
Bj's Restaurants Inc0.35%
Liberty Latin Americ-Cl C0.35%
Mesa Laboratories Inc0.34%
Gen Digital Inc0.34%
Talen Energy Corp0.34%
Pitney Bowes Inc0.33%
Southwest Gas Holdings Inc0.33%
Skywest Inc0.33%
Core & Main Inc-Class A0.32%
Natural Grocers By Vitamin C0.32%
Acadian Asset Management Inc0.31%
Biglari Holdings Inc-B0.31%
Turning Point Brands Inc0.30%
Contango Silver & Gold Inc0.30%

Only in GTPE

1,402 securities, 100% of GTPE by weight

MXWLPERT JPMorgan Chase Bank, N.A. EQUITY34.24%
MXWSPERT JPMorgan Chase Bank, N.A. FINANCING17.94%
MXWLPERT BNP Paribas EQUITY11.73%
MXWSPERT BNP Paribas FINANCING8.94%
Advanced Micro Devices Inc.3.21%
NVIDIA Corporation2.33%
Palantir Technologies Inc.2.31%
Broadcom Inc.1.92%
Lockheed Martin Corporation1.75%
Ge Vernova Llc1.72%
Applied Materials Inc1.63%
Welltower, Inc.1.54%
The Bank of Ny Mellon Corp1.47%
Automatic Data Processing Inc1.46%
Suncor Energy Inc.1.40%
The Williams Companies, Inc.1.39%
Starbucks Corp.1.39%
Adobe Inc1.12%
Monster Beverage Corporation1.00%
Charles Schwab Corporation0.93%
Marvell Technology, Inc.0.92%
Canadian National Railway Co.0.85%
AbbVie Inc.0.75%
Ciena Corporation0.75%
Teradyne Inc0.71%
Mastercard Incorporated0.69%
Hca Healthcare, Inc0.67%
Microsoft Corporation0.56%
Asml Holding N.v.0.53%
Steel Dynamics, Inc.0.53%
Celestica Inc.0.52%
Take Two Interactive Software0.52%
Centene Corporation0.52%
General Dynamics Corp.0.50%
St Microelectronics0.47%
Sap SE0.47%
Sandisk Corporation0.44%
Bank of Nova Scotia (The)0.43%
Citizens Financial Group, Inc.0.42%
UnitedHealth Group Incorporated0.41%
Vici Properties Inc.0.41%
Verisign, Inc.0.38%
The Hershey Company0.36%
Alnylam Pharmaceuticals Inc.0.35%
Hexagon Aktiebolag0.35%
United Therapeutics Corp0.34%
Steris Public Limited Company0.34%
Galderma Group AG0.34%
Imperial Brands PLC0.34%
Roku, Inc.0.31%

Weight gaps

The 100 widest of 177 Holdings in both funds.

Holding weights in BUYO and GTPE, widest gap first
Holding	More in BUYOMore in GTPE	BUYO	GTPE
Encompass Health CorpEHC	BUYO +1.39 points	1.39%	<0.01%
Frontdoor IncFTDR	BUYO +0.98 points	0.99%	<0.01%
Lifestance Health Group IncLFST	BUYO +0.98 points	0.99%	<0.01%
Match Group IncMTCH	BUYO +0.97 points	0.98%	0.01%
Tenable Holdings IncTENB	BUYO +0.95 points	0.96%	<0.01%
Niq Global Intelligence PLCNIQ	BUYO +0.92 points	0.94%	0.02%
Elastic NVESTC	BUYO +0.92 points	0.93%	0.01%
Axis Capital Holdings LtdAXS	BUYO +0.89 points	0.90%	<0.01%
Guidewire Software IncGWRE	BUYO +0.83 points	0.86%	0.03%
Ralph Lauren CorpRL	BUYO +0.82 points	0.84%	0.02%
Workiva IncWK	BUYO +0.81 points	0.82%	<0.01%
Ccc Intelligent Solutions HoCCCS	BUYO +0.79 points	0.80%	<0.01%
AramarkARMK	BUYO +0.70 points	0.72%	0.02%
Kbr IncKBR	BUYO +0.68 points	0.69%	<0.01%
Ringcentral Inc-Class ARNG	BUYO +0.67 points	0.68%	<0.01%
Generac Holdings IncGNRC	BUYO +0.67 points	0.78%	0.11%
Genpact LtdG	BUYO +0.65 points	0.66%	<0.01%
Paycom Software IncPAYC	BUYO +0.64 points	0.66%	0.02%
Moog Inc-Class AMOG.A	BUYO +0.63 points	0.64%	<0.01%
Wesco International IncWCC	BUYO +0.62 points	0.64%	0.01%
Nutanix Inc - ANTNX	BUYO +0.63 points	0.65%	0.02%
Mattel IncMAT	BUYO +0.60 points	0.61%	<0.01%
Aci Worldwide IncACIW	BUYO +0.60 points	0.61%	<0.01%
Unity Software IncU	BUYO +0.60 points	0.62%	0.02%
EnersysENS	BUYO +0.59 points	0.60%	<0.01%
Fluor CorpFLR	BUYO +0.58 points	0.59%	0.01%
Etsy IncETSY	BUYO +0.57 points	0.66%	0.09%
Mks IncMKSI	BUYO +0.56 points	0.58%	0.02%
Api Group CorpAPG	BUYO +0.55 points	0.56%	0.01%
Lear CorpLEA	BUYO +0.55 points	0.56%	0.01%
Assurant IncAIZ	BUYO +0.54 points	0.55%	0.01%
Bwx Technologies IncBWXT	BUYO +0.54 points	0.54%	<0.01%
FIVE9 IncFIVN	BUYO +0.53 points	0.53%	<0.01%
Wyndham Hotels & Resorts IncWH	BUYO +0.52 points	0.53%	<0.01%
Rambus IncRMBS	BUYO +0.51 points	0.54%	0.03%
Healthequity IncHQY	BUYO +0.51 points	0.52%	0.01%
Coca-Cola Consolidated IncCOKE	BUYO +0.49 points	0.50%	0.01%
Onto Innovation IncONTO	BUYO +0.48 points	0.51%	0.03%
Alcoa CorpAA	BUYO +0.47 points	0.48%	0.01%
Murphy Usa IncMUSA	BUYO +0.47 points	0.48%	0.01%
Borgwarner IncBWA	BUYO +0.47 points	0.49%	0.02%
Wayfair Inc- Class AW	BUYO +0.47 points	0.48%	0.01%
Bj's Wholesale Club HoldingsBJ	BUYO +0.47 points	0.48%	0.01%
Waystar Holding CorpWAY	BUYO +0.45 points	0.46%	<0.01%
Magnite IncMGNI	BUYO +0.46 points	0.46%	<0.01%
Gxo Logistics IncGXO	BUYO +0.45 points	0.46%	<0.01%
Hecla Mining CoHL	BUYO +0.45 points	0.46%	<0.01%
Primoris Services CorpPRIM	BUYO +0.45 points	0.45%	<0.01%
Digitalocean Holdings IncDOCN	BUYO +0.45 points	0.46%	0.01%
Rpm International IncRPM	BUYO +0.44 points	0.45%	<0.01%
First Horizon CorpFHN	BUYO +0.43 points	0.44%	<0.01%
Godaddy Inc - Class AGDDY	BUYO +0.43 points	0.45%	0.02%
Amentum Holdings IncAMTM	BUYO +0.42 points	0.43%	<0.01%
F5 IncFFIV	BUYO +0.41 points	0.42%	<0.01%
Huron Consulting Group IncHURN	BUYO +0.41 points	0.44%	0.03%
Valmont IndustriesVMI	BUYO +0.40 points	0.41%	<0.01%
Insight Enterprises IncNSIT	BUYO +0.40 points	0.41%	<0.01%
Msa Safety IncMSA	BUYO +0.39 points	0.40%	<0.01%
Armstrong World IndustriesAWI	BUYO +0.38 points	0.44%	0.06%
Everus Construction GroupECG	BUYO +0.39 points	0.39%	<0.01%
Charles River LaboratoriesCRL	BUYO +0.37 points	0.38%	<0.01%
Atricure IncATRC	BUYO +0.36 points	0.37%	<0.01%
Parsons CorpPSN	BUYO +0.36 points	0.37%	<0.01%
Cargurus IncCARG	BUYO +0.36 points	0.36%	<0.01%
Us Foods Holding CorpUSFD	BUYO +0.36 points	0.38%	0.02%
Lamb Weston Holdings IncLW	BUYO +0.35 points	0.36%	<0.01%
Azz IncAZZ	BUYO +0.34 points	0.35%	<0.01%
Avient CorpAVNT	BUYO +0.33 points	0.33%	<0.01%
East West Bancorp IncEWBC	BUYO +0.33 points	0.34%	0.01%
Littelfuse IncLFUS	BUYO +0.33 points	0.35%	0.02%
Ambarella Inc	BUYO +0.32 points	0.33%	<0.01%
Exlservice Holdings IncEXLS	BUYO +0.32 points	0.33%	0.01%
Maximus IncMMS	BUYO +0.32 points	0.37%	0.05%
Axalta Coating Systems Ltd	BUYO +0.31 points	0.32%	<0.01%
Clean Harbors IncCLH	BUYO +0.32 points	0.32%	<0.01%
Gitlab Inc-Cl AGTLB	BUYO +0.31 points	0.33%	0.02%
Autonation IncAN	BUYO +0.30 points	0.31%	<0.01%
Q2 Holdings IncQTWO	BUYO +0.30 points	0.31%	<0.01%
Tetra Tech IncTTEK	BUYO +0.30 points	0.34%	0.04%
Ralliant CorpRAL	BUYO +0.29 points	0.30%	0.01%
Huntington Ingalls IndustrieHII	BUYO +0.29 points	0.30%	0.01%
Ttm TechnologiesTTMI	BUYO +0.27 points	0.28%	0.01%
Victoria's Secret & CoVSXY	BUYO +0.26 points	0.27%	0.01%
Corecivic IncCXW	BUYO +0.27 points	0.27%	<0.01%
Ncino IncNCNO	BUYO +0.26 points	0.27%	<0.01%
Adt IncADT	BUYO +0.26 points	0.27%	0.01%
Phinia IncPHIN	BUYO +0.25 points	0.26%	<0.01%
Allison Transmission HoldingALSN	BUYO +0.25 points	0.26%	<0.01%
Reinsurance Group of AmericaRGA	BUYO +0.24 points	0.26%	0.02%
Flowserve CorpFLS	BUYO +0.24 points	0.25%	<0.01%
Woodward IncWWD	BUYO +0.24 points	0.27%	0.03%
Hasbro IncHAS	BUYO +0.25 points	0.26%	0.01%
Willscot Holdings CorpWSC	BUYO +0.24 points	0.29%	0.05%
Travel & Leisure CoTNL	BUYO +0.24 points	0.24%	<0.01%
Gates Industrial Corp LtdGTES	BUYO +0.23 points	0.24%	<0.01%
Arlo Technologies IncARLO	BUYO +0.23 points	0.23%	<0.01%
Planet Fitness Inc - Class APLNT	BUYO +0.23 points	0.23%	<0.01%
Mercury Systems IncMRCY	BUYO +0.22 points	0.23%	<0.01%
Calix IncCALX	BUYO +0.21 points	0.22%	<0.01%
Acuity IncAYI	BUYO +0.21 points	0.23%	0.02%

All 305 BUYO holdings⁠All 1,594 GTPE holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BUYO vs GTPE Cost

Overpaying BUYO vs GTPE

$6,893

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BUYO 0.89%
$16,872
GTPE 0.50%
$9,979

Amount$10,000

Years30 years

Cost over time

BUYO 0.89%
GTPE 0.50%
Overpaying

Year by year

Year	BUYO	GTPE	Overpaying
10	$1,576	$900	$676
20	$5,953	$3,460	$2,493
30	$16,872	$9,979	$6,893

Expense ratio

0.89%BUYO
0.50%GTPE, cheaper

GTPE0.50%BUYO0.89%

0.40%12.44%

Middle half of Listed Private Markets funds
Median 2.25%

GTPE 2nd cheapest of 12 funds

BUYO 5th cheapest of 12 funds

BUYO vs GTPE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BUYO 0.01%; GTPE No data
Payout (12M): BUYO $0.0034; GTPE None
Last payment: BUYO $0.0034; GTPE No data
Ex-dividend: BUYO Dec 22, 2025; GTPE No data
Paid on: BUYO Dec 23, 2025; GTPE No data
Frequency: BUYO Irregular; GTPE No data

Distribution history

Per share, 2024 to 2026, same scale for both

BUYOIrregular · 2 paymentsAll BUYO payments⁠

GTPEAll GTPE payments⁠

No distribution history available.

BUYO vs GTPE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BUYO 17.2%since Nov 2024GTPE 15.3%since Nov 2025
Return per unit of riskSharpe ratio, 3 years: BUYO 0.66since Nov 2024GTPE 0.88since Nov 2025
Worst fallMax drawdown, 5 years: BUYO −28.0%since Oct 2024GTPE −8.9%since Oct 2025
Market sensitivityBeta, 5 years: BUYO 1.11GTPE 0.99; Market = 1

BUYO and GTPE in the news

All news⁠

ETF Filings
Tidal files Defiance’s pre-IPO ETF, with 80% in swaps not shares
Sep 7, 2026GTPE

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