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AAUM vs GPZ

Tema Alternative Asset Managers vs VanEck Alternative Asset Manager ETF

AAUM

Tema Alternative Asset Managers

Tema Global Limited

Annual cost

0.75%

Fund size

$2M

GPZ

VanEck Alternative Asset Manager ETF

VanEck

Annual cost

0.40%

Fund size

$245M

Key differences

  • GPZ costs 0.35% less per year.
  • GPZ is significantly larger than AAUM — larger funds tend to be more liquid and less likely to close.
  • AAUM is classified as alternative, while GPZ is equity — different risk/return profiles.
  • AAUM follows a multi strategy strategy; GPZ uses index tracking.

Side-by-side comparison

AAUMGPZ
Annual cost (TER)0.75%0.40%
Fund size (AUM)$2M$245M
Since20252025
Dividend yield
Asset classalternativeequity
Regionnorth america
Strategymulti strategyindex tracking
CAGR 1YN/AN/A
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y
Max drawdown-28.24%-31.72%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to AAUM and GPZ