- ISIN
- US46137V2253
- CUSIP
- 46137V225
- Issuer
- Invesco
- Inception Date
- Dec 8, 2010
- Region
- North America (U.S.)
- Category
- Small Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P MidCap 400 GARP Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $236M
Highlights
- Avg. Volume (1M)
- 9K
- Avg. Volume Value (1M)
- $1.18M
Share Price Chart
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Performance
EWMC Performance Chart
Invesco S&P MidCap 400 GARP ETF (EWMC) is up 13.2% since the beginning of the year. EWMC is currently trading at $135 per share. Investors who bought $1,000 worth of EWMC shares 5 years ago would now be looking at an investment worth $1,559.
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Returns By Period
Invesco S&P MidCap 400 GARP ETF (EWMC) has returned 13.17% so far this year and 21.04% over the past 12 months. Over the last ten years, EWMC has returned 11.33% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Invesco S&P MidCap 400 GARP ETF
- 1D
- -0.35%
- 1M
- 2.06%
- 6M
- 11.71%
- YTD
- 13.17%
- 1Y
- 21.04%
- 3Y*
- 13.73%
- 5Y*
- 9.29%
- 10Y*
- 11.33%
- ALL TIME*
- 11.48%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
EWMC Monthly Returns History
Based on dividend-adjusted daily data since Dec 8, 2010, EWMC's average daily return is +0.05%, while the average monthly return is +1.05%. At this rate, an investment would double in approximately 5.5 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +17.9%, while the worst month was Mar 2020 at -22.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, EWMC closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +10.6%, while the worst single day was Mar 16, 2020 at -12.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.31% | 0.16% | -2.74% | 6.15% | 1.22% | 2.64% | 3.98% | 13.17% | |||||
| 2025 | 1.21% | -5.49% | -2.55% | -4.26% | 4.02% | 5.29% | 4.40% | 4.66% | 1.27% | -1.44% | 1.15% | -0.03% | 7.81% |
| 2024 | -0.05% | 11.70% | 9.76% | -5.99% | 4.52% | -2.95% | 6.80% | -3.58% | -0.37% | -2.13% | 9.38% | -9.88% | 15.67% |
| 2023 | 10.21% | -1.78% | -3.65% | -0.81% | -2.92% | 9.02% | 4.42% | -2.53% | -5.58% | -4.55% | 8.95% | 8.57% | 18.79% |
| 2022 | -5.88% | 0.86% | 1.42% | -7.22% | 1.19% | -9.57% | 10.95% | -3.51% | -9.69% | 11.45% | 6.20% | -5.53% | -11.63% |
| 2021 | 2.35% | 7.65% | 5.73% | 3.49% | 1.27% | -1.50% | -0.17% | 1.75% | -3.29% | 5.11% | -3.29% | 5.21% | 26.35% |
Benchmark Metrics
Invesco S&P MidCap 400 GARP ETF has an annualized alpha of -0.46%, beta of 1.03, and R2 of 0.74 versus S&P 500 Index. Calculated based on daily prices since December 08, 2010.
- This ETF participated in 110.41% of S&P 500 Index downside but only 105.28% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.03 and R2 of 0.74, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.46%
- Beta
- 1.03
- R²
- 0.74
- Upside Capture
- 105.28%
- Downside Capture
- 110.41%
Expense Ratio
EWMC has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EWMC ranks 57 for risk / return — above 57% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Invesco S&P MidCap 400 GARP ETF (EWMC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EWMC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 2.00 | +0.58 |
| Martin ratioReturn relative to average drawdown | 7.67 | 8.49 | -0.82 |
Dividends
Dividend History
Invesco S&P MidCap 400 GARP ETF provided a 0.70% dividend yield over the last twelve months, with an annual payout of $0.95 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.95 | $1.43 | $1.07 | $0.94 | $1.07 | $0.88 | $0.89 | $0.84 | $0.83 | $0.73 | $0.58 | $0.68 |
Dividend yield | 0.70% | 1.19% | 0.95% | 0.96% | 1.28% | 0.92% | 1.16% | 1.25% | 1.50% | 1.14% | 1.00% | 1.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco S&P MidCap 400 GARP ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.20 | $0.00 | $0.42 | |||||
| 2025 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.22 | $1.43 |
| 2024 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.21 | $1.07 |
| 2023 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.19 | $0.94 |
| 2022 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.21 | $1.07 |
| 2021 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.20 | $0.88 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco S&P MidCap 400 GARP ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco S&P MidCap 400 GARP ETF was 43.12%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.
The current Invesco S&P MidCap 400 GARP ETF drawdown is 1.19%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-43.12%Mar 2020 | 2mo 6d | 7mo 21d | 9mo 27dJan 2020 - Nov 2020 | COVID crash2020 |
-28.09%Apr 2025 | 4mo 13d | 9mo 19d | 1y 1moNov 2024 - Jan 2026 | 2025 selloff2025 |
-25.45%Oct 2011 | 2mo 28d | 5mo 14d | 8mo 12dJul 2011 - Mar 2012 | — |
-23.84%Dec 2018 | 3mo 4d | 1y 23d | 1y 3moSep 2018 - Jan 2020 | Rate-hike selloffLate 2018 |
-23.01%Sep 2022 | 10mo 26d | 1y 2mo | 2y 1moNov 2021 - Dec 2023 | Bear market2022 |
Drawdown Indicators
| EWMC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.12% | -56.78% | +13.66% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -9.10% | +1.48% |
Max Drawdown (3Y)Largest decline over 3 years | -28.09% | -18.90% | -9.19% |
Max Drawdown (5Y)Largest decline over 5 years | -28.09% | -25.43% | -2.66% |
Max Drawdown (10Y)Largest decline over 10 years | -43.12% | -33.92% | -9.20% |
Current DrawdownCurrent decline from peak | -1.19% | -1.58% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -5.66% | -10.70% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.14% | +0.42% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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