GRPM vs. EQWL
Compare and contrast key facts about Invesco S&P MidCap 400® GARP ETF (GRPM) and Invesco S&P 100 Equal Weight ETF (EQWL).
GRPM and EQWL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. EQWL is a passively managed fund by Invesco that tracks the performance of the S&P 100 Equal Weighted. It was launched on Dec 1, 2006. Both GRPM and EQWL 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: GRPM or EQWL.
Key characteristics
| GRPM | EQWL | |
|---|---|---|
| YTD Return | 25.98% | 23.68% |
| 1Y Return | 43.92% | 36.87% |
| 3Y Return (Ann) | 8.99% | 9.78% |
| 5Y Return (Ann) | 15.01% | 14.77% |
| 10Y Return (Ann) | 10.67% | 13.08% |
| Sharpe Ratio | 2.39 | 3.68 |
| Sortino Ratio | 3.36 | 5.08 |
| Omega Ratio | 1.40 | 1.70 |
| Calmar Ratio | 4.17 | 6.54 |
| Martin Ratio | 10.87 | 25.24 |
| Ulcer Index | 4.27% | 1.53% |
| Daily Std Dev | 19.40% | 10.46% |
| Max Drawdown | -43.12% | -49.36% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between GRPM and EQWL is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GRPM vs. EQWL - Performance Comparison
In the year-to-date period, GRPM achieves a 25.98% return, which is significantly higher than EQWL's 23.68% return. Over the past 10 years, GRPM has underperformed EQWL with an annualized return of 10.67%, while EQWL has yielded a comparatively higher 13.08% 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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GRPM vs. EQWL - Expense Ratio Comparison
GRPM has a 0.35% expense ratio, which is higher than EQWL's 0.25% expense ratio.
Risk-Adjusted Performance
GRPM vs. EQWL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® GARP ETF (GRPM) and Invesco S&P 100 Equal Weight ETF (EQWL). 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. EQWL - Dividend Comparison
GRPM's dividend yield for the trailing twelve months is around 0.86%, less than EQWL's 1.76% 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% |
EQWL Invesco S&P 100 Equal Weight ETF | 1.76% | 1.97% | 2.12% | 1.65% | 2.01% | 2.04% | 2.23% | 1.27% | 2.01% | 2.03% | 1.74% | 1.61% |
Drawdowns
GRPM vs. EQWL - Drawdown Comparison
The maximum GRPM drawdown since its inception was -43.12%, smaller than the maximum EQWL drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for GRPM and EQWL. For additional features, visit the drawdowns tool.
Volatility
GRPM vs. EQWL - Volatility Comparison
Invesco S&P MidCap 400® GARP ETF (GRPM) has a higher volatility of 6.24% compared to Invesco S&P 100 Equal Weight ETF (EQWL) at 3.40%. This indicates that GRPM's price experiences larger fluctuations and is considered to be riskier than EQWL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.