- Issuer
- Invesco
- Inception Date
- Mar 25, 2024
- Category
- Small Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P SmallCap 600 GARP Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
- Assets Under Management
- $2M
Share Price Chart
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Performance
GRPZ Performance Chart
Invesco S&P Smallcap 600 GARP ETF (GRPZ) is up 13.6% since the beginning of the year. GRPZ is currently trading at $30 per share.
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Returns By Period
Invesco S&P Smallcap 600 GARP ETF (GRPZ) has returned 13.57% so far this year and 23.26% over the past 12 months.
Invesco S&P Smallcap 600 GARP ETF
- 1D
- 1.02%
- 1M
- -0.01%
- YTD
- 13.57%
- 6M
- 11.23%
- 1Y
- 23.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.26%
- 1M
- -0.17%
- YTD
- 7.91%
- 6M
- 7.98%
- 1Y
- 22.99%
- 3Y*
- 19.77%
- 5Y*
- 11.75%
- 10Y*
- 13.42%
GRPZ Monthly Returns History
Based on dividend-adjusted daily data since Mar 27, 2024, GRPZ's average daily return is +0.04%, while the average monthly return is +0.85%. At this rate, an investment would double in approximately 6.8 years.
Historically, 50% of months were positive and 50% were negative. The best month was Jul 2024 with a return of +13.1%, while the worst month was Dec 2024 at -7.5%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 3 months.
On a daily basis, GRPZ closed higher 48% of trading days. The best single day was Apr 9, 2025 with a return of +8.8%, while the worst single day was Apr 3, 2025 at -7.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.00% | 0.70% | -3.38% | 9.32% | -1.54% | 2.31% | 13.57% | ||||||
| 2025 | 1.17% | -7.28% | -3.57% | -3.82% | 6.14% | 4.10% | 1.55% | 7.20% | -1.34% | -2.59% | 3.03% | -0.53% | 3.09% |
| 2024 | 0.99% | -5.43% | 3.15% | -2.58% | 13.14% | -3.23% | -0.48% | -3.48% | 11.69% | -7.51% | 4.27% |
Benchmark Metrics
Invesco S&P Smallcap 600 GARP ETF has an annualized alpha of -5.72%, beta of 1.00, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since March 27, 2024.
- This ETF participated in 127.77% of S&P 500 Index downside but only 86.68% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -5.72% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.00 and R2 of 0.57, 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
- -5.72%
- Beta
- 1.00
- R²
- 0.57
- Upside Capture
- 86.68%
- Downside Capture
- 127.77%
Expense Ratio
GRPZ has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GRPZ ranks 47 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco S&P Smallcap 600 GARP ETF (GRPZ) and compare them to S&P 500 Index.
| GRPZ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.35 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.54 | -0.09 |
| Martin ratioReturn relative to average drawdown | 7.00 | 11.58 | -4.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Invesco S&P Smallcap 600 GARP ETF provided a 0.89% dividend yield over the last twelve months, with an annual payout of $0.27 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.27 | $0.26 | $0.19 |
Dividend yield | 0.89% | 0.97% | 0.73% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco S&P Smallcap 600 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 | $0.07 | $0.00 | $0.00 | $0.00 | $0.07 | ||||||
| 2025 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.26 |
| 2024 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.05 | $0.19 |
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 Smallcap 600 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 Smallcap 600 GARP ETF was 27.87%, occurring on Apr 8, 2025. Recovery took 194 trading sessions.
The current Invesco S&P Smallcap 600 GARP ETF drawdown is 1.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -27.87%Apr 2025 | 4mo 13d | 9mo 12d | 1y 1moNov 2024 - Jan 2026 |
2024 correction2024 | -10.11%Aug 2024 | 6d | 3mo 1d | 3mo 7dAug 2024 - Nov 2024 |
2026 pullback2026 | -9.53%Mar 2026 | 1mo 9d | 28d | 2mo 7dFeb 2026 - Apr 2026 |
2024 pullback2024 | -7.21%Apr 2024 | 17d | 2mo 28d | 3mo 15dApr 2024 - Jul 2024 |
2026 pullback2026 | -5.14%May 2026 | 12d | — | 1mo 4dMay 2026 - now |
Drawdown Indicators
| GRPZ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.87% | -56.78% | +28.91% |
Max Drawdown (1Y)Largest decline over 1 year | -9.53% | -9.10% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.20% | -2.93% | +1.73% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -10.72% | +3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 1.99% | +1.34% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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