GPZ vs PEVC

GPZBVanEck Alternative Asset Manager ETF

PEVCCPacer PE/VC ETF

In short

GPZ Private markets, bought from the fee-collecting side. GPZ tracks an index of the publicly listed firms that run buyout, credit and real-asset funds, rather than the deals themselves, for 0.40% a year.

PEVC Private equity without the paperwork. PEVC holds public stocks selected by a rules-based index built to move like a diversified pool of US buyout and venture-backed deals. No capital calls, no lockups, one ticker.

Stated mandate

GPZ GPZ seeks to track, before fees and expenses, the price and yield performance of the MarketVector Alternative Asset Managers Index, providing public-equity exposure to alternative asset managers across private-market segments.

PEVC The fund seeks long-term capital appreciation while pursuing returns comparable to private-equity and venture-capital investments through publicly traded securities.

Why people hold it

• GPZ 0.40% a year in a corner of the market that usually charges like the managers it holds: cohort peers PSP (1.80%) and BUYO (0.89%) both cost more for listed private-markets exposure.
• Clean mechanism: it tracks the MarketVector Alternative Asset Managers Index for public-equity exposure to alternative managers across private-market segments. Rules, not a stock picker's hunches.vaneck.com
• One of the sturdier implementations in the small listed private-markets group, and it gets there on cost and structure rather than exotic wrappers.

• PEVC The mechanism is replication, not ownership: the FTSE PE/VC Index assembles listed equities, ETFs and futures meant to track how US buyout and venture portfolios behave.businesswire.com
• Exchange trading replaces the traditional private-markets package of capital calls, multi-year lockups and manager minimums.businesswire.compaceretfs.com
• A 0.85% expense ratio sits under the median fee in its listed private-markets cohort, and well under the 1.8% charged by long-running PSP.
• Exposure spreads across a few hundred names instead of a short list of alt-manager stocks, so no single buyout shop or vintage year drives the outcome.paceretfs.com

Worth knowing

• GPZ One industry, and a 2025 launch. Early price swings have run high for its group, and there is only a short live record to judge the fund by.
• Distributions come annually or semiannually, so this is an equity-growth wrapper rather than an income schedule you can plan around.
• Still a smaller, moderately traded fund. Spreads can be wider than in mega-cap index ETFs, which matters most on large or hurried orders.

• PEVC Cheaper doors into the theme exist: GTPE at 0.50% and GPZ at 0.40% both undercut it.
• Launched in 2025 and small since, with light trading, so spreads can run wider than at the cohort's larger funds.
• It approximates private markets rather than owning them: public-market pricing and daily swings, plus disclosed methodology, concentration and derivatives risk.paceretfs.com

Full GPZ profile⁠

Full PEVC profile⁠