Correlation
The correlation between GRPM and AAPL is 0.63, 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.
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.
Performance
GRPM vs. AAPL - Performance Comparison
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Key characteristics
GRPM:
-0.34
AAPL:
0.18
GRPM:
-0.31
AAPL:
0.47
GRPM:
0.96
AAPL:
1.06
GRPM:
-0.29
AAPL:
0.16
GRPM:
-0.76
AAPL:
0.50
GRPM:
10.83%
AAPL:
10.67%
GRPM:
25.23%
AAPL:
33.17%
GRPM:
-43.12%
AAPL:
-81.80%
GRPM:
-15.89%
AAPL:
-22.52%
Returns By Period
In the year-to-date period, GRPM achieves a -5.87% return, which is significantly higher than AAPL's -19.86% return. Over the past 10 years, GRPM has underperformed AAPL with an annualized return of 8.50%, while AAPL has yielded a comparatively higher 21.24% annualized return.
GRPM
-5.87%
5.00%
-15.22%
-8.50%
7.81%
14.17%
8.50%
AAPL
-19.86%
-4.21%
-14.62%
5.88%
10.78%
20.95%
21.24%
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Risk-Adjusted Performance
GRPM vs. AAPL — Risk-Adjusted Performance Rank
GRPM
AAPL
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.
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Dividends
GRPM vs. AAPL - Dividend Comparison
GRPM's dividend yield for the trailing twelve months is around 1.14%, more than AAPL's 0.50% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRPM Invesco S&P MidCap 400® GARP ETF | 1.14% | 0.95% | 0.96% | 1.28% | 0.92% | 1.16% | 1.25% | 1.50% | 1.14% | 1.00% | 1.43% | 1.28% |
AAPL Apple Inc | 0.50% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% | 1.67% |
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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Volatility
GRPM vs. AAPL - Volatility Comparison
The current volatility for Invesco S&P MidCap 400® GARP ETF (GRPM) is 6.21%, while Apple Inc (AAPL) has a volatility of 9.67%. 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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