GPZ vs XOVR

GPZBVanEck Alternative Asset Manager ETF

XOVRBERShares Private-Public Crossover 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.

XOVR A regular brokerage account, a slice of SpaceX. XOVR wraps about 30 public growth names around select late-stage private stakes held through special-purpose vehicles, with no accredited-investor hoops. Fee: 1.81%, no waiver.

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.

XOVR The fund seeks long-term capital appreciation through a broader crossover strategy combining public equities with select private-company exposure.

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.

• XOVR Roughly 30 listed growth names plus stakes in late-stage private companies like SpaceX, held through special-purpose vehicles inside a 1940 Act ETF.prnewswire.com
• No accredited-investor status, capital calls or lockups. Private-market access arrives in a brokerage account, which is the structure's whole reason to exist.prnewswire.com
• 1.81%, no waiver. Steep next to index funds, yet below the median for listed private-markets funds, a category where BIZD's 9.69% marks the high end.
• A billion-dollar-plus fund that trades actively, unusual for a niche thematic strategy, and listed since 2017.

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.

• XOVR Private stakes have no closing price. They are marked by the fund's valuation process and can reprice on a funding round or an IPO rather than day to day.
• About 30 holdings, with the private sleeve concentrated in a single name, so one company's mark can move the fund more than a broad equity ETF would.prnewswire.com
• Cheaper shelf-mates exist, GPZ at 0.40% and GTPE at 0.50%, but neither is built around direct late-stage private stakes.

Full GPZ profile⁠

Full XOVR profile⁠