GARP vs. GRPZ
Compare and contrast key facts about iShares MSCI USA Quality GARP ETF (GARP) and Invesco S&P Smallcap 600 GARP ETF (GRPZ).
GARP and GRPZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GARP is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality GARP Select Index. It was launched on Jan 14, 2020. GRPZ is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 GARP Index. It was launched on Mar 25, 2024. Both GARP and GRPZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GARP or GRPZ.
Correlation
The correlation between GARP and GRPZ is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GARP vs. GRPZ - Performance Comparison
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Key characteristics
GARP:
0.76
GRPZ:
-0.03
GARP:
1.23
GRPZ:
0.21
GARP:
1.17
GRPZ:
1.03
GARP:
0.89
GRPZ:
0.01
GARP:
2.99
GRPZ:
0.03
GARP:
7.08%
GRPZ:
10.40%
GARP:
26.94%
GRPZ:
24.75%
GARP:
-31.34%
GRPZ:
-27.87%
GARP:
-2.89%
GRPZ:
-14.67%
Returns By Period
In the year-to-date period, GARP achieves a 2.25% return, which is significantly higher than GRPZ's -6.40% return.
GARP
2.25%
16.65%
2.87%
20.32%
20.79%
N/A
GRPZ
-6.40%
11.25%
-11.14%
-0.77%
N/A
N/A
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GARP vs. GRPZ - Expense Ratio Comparison
GARP has a 0.15% expense ratio, which is lower than GRPZ's 0.35% expense ratio.
Risk-Adjusted Performance
GARP vs. GRPZ — Risk-Adjusted Performance Rank
GARP
GRPZ
GARP vs. GRPZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Quality GARP ETF (GARP) and Invesco S&P Smallcap 600 GARP ETF (GRPZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
GARP vs. GRPZ - Dividend Comparison
GARP's dividend yield for the trailing twelve months is around 0.41%, less than GRPZ's 1.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
GARP iShares MSCI USA Quality GARP ETF | 0.41% | 0.39% | 0.75% | 1.85% | 0.67% | 0.75% |
GRPZ Invesco S&P Smallcap 600 GARP ETF | 1.02% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GARP vs. GRPZ - Drawdown Comparison
The maximum GARP drawdown since its inception was -31.34%, which is greater than GRPZ's maximum drawdown of -27.87%. Use the drawdown chart below to compare losses from any high point for GARP and GRPZ. For additional features, visit the drawdowns tool.
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Volatility
GARP vs. GRPZ - Volatility Comparison
iShares MSCI USA Quality GARP ETF (GARP) has a higher volatility of 8.09% compared to Invesco S&P Smallcap 600 GARP ETF (GRPZ) at 6.29%. This indicates that GARP's price experiences larger fluctuations and is considered to be riskier than GRPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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