GRPM vs. AAPL
Compare and contrast key facts about Invesco S&P MidCap 400® GARP ETF (GRPM) and Apple Inc (AAPL).
GRPM is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400® GARP Index. It was launched on Dec 3, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GRPM or AAPL.
Key characteristics
| GRPM | AAPL | |
|---|---|---|
| YTD Return | 25.98% | 17.04% |
| 1Y Return | 43.92% | 20.88% |
| 3Y Return (Ann) | 8.99% | 15.05% |
| 5Y Return (Ann) | 15.01% | 28.56% |
| 10Y Return (Ann) | 10.67% | 24.39% |
| Sharpe Ratio | 2.39 | 1.05 |
| Sortino Ratio | 3.36 | 1.63 |
| Omega Ratio | 1.40 | 1.20 |
| Calmar Ratio | 4.17 | 1.43 |
| Martin Ratio | 10.87 | 3.36 |
| Ulcer Index | 4.27% | 7.05% |
| Daily Std Dev | 19.40% | 22.52% |
| Max Drawdown | -43.12% | -81.80% |
| Current Drawdown | 0.00% | -5.08% |
Correlation
The correlation between GRPM and AAPL is 0.45, 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
GRPM vs. AAPL - Performance Comparison
In the year-to-date period, GRPM achieves a 25.98% return, which is significantly higher than AAPL's 17.04% return. Over the past 10 years, GRPM has underperformed AAPL with an annualized return of 10.67%, while AAPL has yielded a comparatively higher 24.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GRPM vs. AAPL - Risk-Adjusted Performance 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.
Dividends
GRPM vs. AAPL - Dividend Comparison
GRPM's dividend yield for the trailing twelve months is around 0.86%, more than AAPL's 0.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRPM Invesco S&P MidCap 400® GARP ETF | 0.86% | 0.96% | 1.28% | 0.92% | 1.16% | 1.25% | 1.50% | 1.14% | 1.00% | 1.43% | 1.28% | 1.80% |
AAPL Apple Inc | 0.44% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% | 1.67% | 2.10% |
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. For additional features, visit the drawdowns tool.
Volatility
GRPM vs. AAPL - Volatility Comparison
Invesco S&P MidCap 400® GARP ETF (GRPM) has a higher volatility of 6.24% compared to Apple Inc (AAPL) at 5.26%. This indicates that GRPM's price experiences larger fluctuations and is considered to be riskier than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.