GRPM vs. AAPL
GRPM (Invesco S&P MidCap 400® GARP ETF) is Mid Cap Blend Equities fund tracking the S&P MidCap 400® GARP Index, while AAPL (Apple Inc) is a stock. Over the past 10 years, GRPM returned 11.33%/yr vs 29.23%/yr for AAPL. Their 0.45 correlation means their historical movements had little consistent relationship.
Performance
GRPM vs. AAPL - Performance Comparison
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Returns By Period
In the year-to-date period, GRPM achieves a 13.17% return, which is significantly lower than AAPL's 13.84% return. Over the past 10 years, GRPM has underperformed AAPL with an annualized return of 11.33%, while AAPL has yielded a comparatively higher 29.23% annualized return.
GRPM
- 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%
AAPL
- 1D
- -7.35%
- 1M
- 0.09%
- 6M
- 19.27%
- YTD
- 13.84%
- 1Y
- 53.24%
- 3Y*
- 16.99%
- 5Y*
- 16.79%
- 10Y*
- 29.23%
- ALL TIME*
- 19.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AAPL Apple Inc | $19.18B | $17.68B | $17.20B |
| $1.43M | $1.18M | $1.33M |
GRPM vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRPM Invesco S&P MidCap 400® GARP ETF | 13.17% | 7.81% | 15.67% | 18.79% | -11.63% | 26.35% | 15.60% | 23.05% | -12.45% | 13.05% |
AAPL Apple Inc | 13.84% | 9.05% | 30.71% | 49.01% | -26.40% | 34.65% | 82.31% | 88.96% | -5.39% | 48.46% |
Correlation
The correlation between GRPM and AAPL is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2010 | 0.45 |
The correlation between GRPM and AAPL shifts across timeframes, from 0.35 (3 years) to 0.49 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GRPM vs. AAPL — Risk / Return Rank
GRPM
AAPL
GRPM vs. AAPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® GARP ETF (GRPM) and Apple Inc (AAPL). 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.
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.
| GRPM | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.35 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 3.60 | -1.02 |
| Martin ratioReturn relative to average drawdown | 7.67 | 8.56 | -0.89 |
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Drawdowns
GRPM vs. AAPL - Drawdown Comparison
The maximum GRPM drawdown since its inception was -43.12%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for GRPM and AAPL.
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Drawdown Indicators
| GRPM | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.12% | -81.80% | +38.68% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -13.80% | +6.18% |
Max Drawdown (3Y)Largest decline over 3 years | -28.09% | -33.36% | +5.27% |
Max Drawdown (5Y)Largest decline over 5 years | -28.09% | -33.36% | +5.27% |
Max Drawdown (10Y)Largest decline over 10 years | -43.12% | -38.52% | -4.60% |
Current DrawdownCurrent decline from peak | -1.19% | -9.17% | +7.98% |
Average DrawdownAverage peak-to-trough decline | -5.66% | -29.52% | +23.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 5.79% | -3.23% |
Volatility
GRPM vs. AAPL - Volatility Comparison
The current volatility for Invesco S&P MidCap 400® GARP ETF (GRPM) is 4.04%, while Apple Inc (AAPL) has a volatility of 11.52%. This indicates that GRPM experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRPM | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 11.52% | -7.48% |
Volatility (6M)Calculated over the trailing 6-month period | 10.51% | 20.71% | -10.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.65% | 25.91% | -10.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.80% | 28.02% | -7.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.19% | 29.12% | -6.93% |
Dividends
GRPM vs. AAPL - Dividend Comparison
GRPM's dividend yield for the trailing twelve months is around 0.70%, more than AAPL's 0.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.34% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
GRPM Invesco S&P MidCap 400® GARP ETF | 0.70% | 1.19% | 0.95% | 0.96% | 1.28% | 0.92% | 1.16% | 1.25% | 1.50% | 1.14% | 1.00% | 1.43% |
Frequently Asked Questions
GRPM and AAPL have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAPL has higher volatility (11.52%) compared to GRPM (4.04%). In terms of maximum drawdown, GRPM dropped -43.12% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (1.92 vs 1.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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