GRPM vs. EUSA
Compare and contrast key facts about Invesco S&P MidCap 400® GARP ETF (GRPM) and iShares MSCI USA Equal Weighted ETF (EUSA).
GRPM and EUSA 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. EUSA is a passively managed fund by iShares that tracks the performance of the MSCI USA Index. It was launched on May 5, 2010. Both GRPM and EUSA 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 EUSA.
Key characteristics
| GRPM | EUSA | |
|---|---|---|
| YTD Return | 25.98% | 20.03% |
| 1Y Return | 43.92% | 36.47% |
| 3Y Return (Ann) | 8.99% | 5.18% |
| 5Y Return (Ann) | 15.01% | 12.07% |
| 10Y Return (Ann) | 10.67% | 10.62% |
| Sharpe Ratio | 2.39 | 3.08 |
| Sortino Ratio | 3.36 | 4.23 |
| Omega Ratio | 1.40 | 1.55 |
| Calmar Ratio | 4.17 | 2.50 |
| Martin Ratio | 10.87 | 17.91 |
| Ulcer Index | 4.27% | 2.13% |
| Daily Std Dev | 19.40% | 12.35% |
| Max Drawdown | -43.12% | -39.16% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between GRPM and EUSA is 0.84, 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. EUSA - Performance Comparison
In the year-to-date period, GRPM achieves a 25.98% return, which is significantly higher than EUSA's 20.03% return. Both investments have delivered pretty close results over the past 10 years, with GRPM having a 10.67% annualized return and EUSA not far behind at 10.62%. 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. EUSA - Expense Ratio Comparison
GRPM has a 0.35% expense ratio, which is higher than EUSA's 0.15% expense ratio.
Risk-Adjusted Performance
GRPM vs. EUSA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® GARP ETF (GRPM) and iShares MSCI USA Equal Weighted ETF (EUSA). 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. EUSA - Dividend Comparison
GRPM's dividend yield for the trailing twelve months is around 0.86%, less than EUSA's 1.39% 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% |
EUSA iShares MSCI USA Equal Weighted ETF | 1.39% | 1.53% | 1.73% | 1.23% | 1.45% | 1.49% | 2.01% | 1.50% | 1.59% | 2.21% | 1.91% | 1.97% |
Drawdowns
GRPM vs. EUSA - Drawdown Comparison
The maximum GRPM drawdown since its inception was -43.12%, which is greater than EUSA's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for GRPM and EUSA. For additional features, visit the drawdowns tool.
Volatility
GRPM vs. EUSA - Volatility Comparison
Invesco S&P MidCap 400® GARP ETF (GRPM) has a higher volatility of 6.24% compared to iShares MSCI USA Equal Weighted ETF (EUSA) at 3.59%. This indicates that GRPM's price experiences larger fluctuations and is considered to be riskier than EUSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.