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GRPM vs. EUSA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GRPM vs. EUSA

Last updated Aug 4, 2026
Documentation

GRPM (Invesco S&P MidCap 400® GARP ETF) and EUSA (iShares MSCI USA Equal Weighted ETF) are both Mid Cap Blend Equities funds - GRPM tracks the S&P MidCap 400® GARP Index while EUSA tracks the MSCI USA Equal Weighted Index. Both are passively managed. Over the past 10 years, GRPM returned 11.32%/yr vs 11.56%/yr for EUSA. Their correlation of 0.84 means they have usually moved in the same direction. GRPM charges 0.35%/yr vs 0.09%/yr for EUSA.

Performance

GRPM vs. EUSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P MidCap 400® GARP ETF (GRPM) and iShares MSCI USA Equal Weighted ETF (EUSA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GRPM achieves a 15.20% return, which is significantly higher than EUSA's 12.74% return. Both investments have delivered pretty close results over the past 10 years, with GRPM having a 11.32% annualized return and EUSA not far ahead at 11.56%.

GRPM

1D
1.80%
1M
3.89%
6M
12.69%
YTD
15.20%
1Y
23.21%
3Y*
14.97%
5Y*
9.92%
10Y*
11.32%
ALL TIME*
11.60%

EUSA

1D
1.19%
1M
0.60%
6M
10.01%
YTD
12.74%
1Y
18.77%
3Y*
14.91%
5Y*
7.90%
10Y*
11.56%
ALL TIME*
12.10%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EUSA

iShares MSCI USA Equal Weighted ETF
$11.84M$10.68M$7.63M

GRPM

Invesco S&P MidCap 400® GARP ETF
$1.25M$1.05M$1.34M

GRPM vs. EUSA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GRPM
Invesco S&P MidCap 400® GARP ETF		15.20%7.81%15.67%18.79%-11.63%26.35%15.60%23.05%-12.45%13.05%
EUSA
iShares MSCI USA Equal Weighted ETF		12.74%10.24%14.64%17.72%-17.13%25.60%15.03%30.56%-8.58%19.02%

Correlation

The correlation between GRPM and EUSA is 0.84, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.84

Correlation (3Y)
Balances recent behavior with more history.

0.87

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.91

Correlation (10Y)
Provides a long-term view across more market conditions.

0.90

Correlation (All Time)
Calculated using the full available price history since Dec 8, 2010

0.84

The correlation between GRPM and EUSA has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.

GRPM vs. EUSA - Sectors Allocation Comparison

Sectors
GRPM
EUSA

Financial Services

23.3%
15.6%

Technology

20.8%
19.0%

Healthcare

19.0%
11.2%

Consumer Cyclical

13.1%
10.4%

Industrials

12.3%
15.3%

Energy

5.0%
3.9%

Basic Materials

3.8%
4.8%

Consumer Defensive

2.6%
5.4%

Communication Services

-

3.2%

Real Estate

-

5.2%

Utilities

-

5.8%

Financial Services

GRPM
23.3%
EUSA
15.6%

Technology

GRPM
20.8%
EUSA
19.0%

Healthcare

GRPM
19.0%
EUSA
11.2%

Consumer Cyclical

GRPM
13.1%
EUSA
10.4%

Industrials

GRPM
12.3%
EUSA
15.3%

Energy

GRPM
5.0%
EUSA
3.9%

Basic Materials

GRPM
3.8%
EUSA
4.8%

Consumer Defensive

GRPM
2.6%
EUSA
5.4%

Communication Services

GRPM

-

EUSA
3.2%

Real Estate

GRPM

-

EUSA
5.2%

Utilities

GRPM

-

EUSA
5.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P MidCap 400® GARP ETF

iShares MSCI USA Equal Weighted ETF

Often compared with GRPM:
GRPM vs. XMHQGRPM vs. VOGRPM vs. GRPZGRPM vs. FDVLXGRPM vs. AVUVGRPM vs. AAPLGRPM vs. EQWL
Often compared with EUSA:
EUSA vs. RSPEUSA vs. GSEWEUSA vs. VOOEUSA vs. VTIEUSA vs. ^GSPCEUSA vs. ITOTEUSA vs. SCHG

Return for Risk

GRPM vs. EUSA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
GRPM
GRPM Risk / Return Rank: 6767
Overall Rank
GRPM Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
GRPM Sortino Ratio Rank: 6363
Sortino Ratio Rank
GRPM Omega Ratio Rank: 5858
Omega Ratio Rank
GRPM Calmar Ratio Rank: 8181
Calmar Ratio Rank
GRPM Martin Ratio Rank: 7171
Martin Ratio Rank
EUSA
EUSA Risk / Return Rank: 6868
Overall Rank
EUSA Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
EUSA Sortino Ratio Rank: 6868
Sortino Ratio Rank
EUSA Omega Ratio Rank: 6363
Omega Ratio Rank
EUSA Calmar Ratio Rank: 6767
Calmar Ratio Rank
EUSA Martin Ratio Rank: 7575
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GRPM vs. EUSA - Risk-Adjusted Trends 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.

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.

GRPMEUSADifference
Sharpe ratioReturn per unit of total volatility
1.49
1.58

-0.09

Sortino ratioReturn per unit of downside risk
2.19
2.28

-0.09

Omega ratioGain probability vs. loss probability

1.26

1.28

-0.02

Calmar ratioReturn relative to maximum drawdown

3.06

2.41

+0.65

Martin ratioReturn relative to average drawdown

9.10

9.63

-0.53

GRPM vs. EUSA - Sharpe Ratio Comparison

The current GRPM Sharpe Ratio is 1.49, which is comparable to the EUSA Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of GRPM and EUSA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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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.

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Drawdown Indicators

GRPMEUSADifference

Max Drawdown

Largest peak-to-trough decline

-43.12%

-39.16%

-3.96%

Max Drawdown (1Y)

Largest decline over 1 year

-7.62%

-7.82%

+0.20%

Max Drawdown (3Y)

Largest decline over 3 years

-28.09%

-18.20%

-9.89%

Max Drawdown (5Y)

Largest decline over 5 years

-28.09%

-25.24%

-2.85%

Max Drawdown (10Y)

Largest decline over 10 years

-43.12%

-39.16%

-3.96%

Current Drawdown

Current decline from peak

0.00%

-0.03%

+0.03%

Average Drawdown

Average peak-to-trough decline

-5.66%

-4.56%

-1.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.56%

1.95%

+0.61%

Volatility

GRPM vs. EUSA - Volatility Comparison

Invesco S&P MidCap 400® GARP ETF (GRPM) has a higher volatility of 4.22% compared to iShares MSCI USA Equal Weighted ETF (EUSA) at 2.97%. 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.

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Volatility by Period

GRPMEUSADifference

Volatility (1M)

Calculated over the trailing 1-month period

4.22%

2.97%

+1.25%

Volatility (6M)

Calculated over the trailing 6-month period

10.62%

8.94%

+1.68%

Volatility (1Y)

Calculated over the trailing 1-year period

15.67%

11.95%

+3.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.82%

16.96%

+3.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.20%

18.28%

+3.92%

GRPM vs. EUSA - Expense Ratio Comparison

GRPM has a 0.35% expense ratio, which is higher than EUSA's 0.09% expense ratio.

Dividends

GRPM vs. EUSA - Dividend Comparison

GRPM's dividend yield for the trailing twelve months is around 0.69%, less than EUSA's 1.43% yield.

PositionTTM20252024202320222021202020192018201720162015
EUSA
iShares MSCI USA Equal Weighted ETF		1.43%1.63%1.47%1.53%1.73%1.23%1.45%1.49%2.01%1.50%1.59%2.21%
GRPM
Invesco S&P MidCap 400® GARP ETF		0.69%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 EUSA have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GRPM has higher volatility (4.22%) compared to EUSA (2.97%). In terms of maximum drawdown, GRPM dropped -43.12% vs EUSA's -39.16%.

On 10-year performance, EUSA leads with 11.56% vs 11.32% for GRPM. On fees, EUSA is cheaper at 0.09% per year. On volatility, EUSA has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EUSA has performed better with a 11.56% return vs 11.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EUSA is cheaper with a 0.09% expense ratio, compared with 0.35% for GRPM.

EUSA has the higher dividend yield at 1.43%, compared with 0.69% for GRPM.

GRPM tracks S&P MidCap 400® GARP Index, while EUSA tracks MSCI USA Equal Weighted Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for GRPM and 0.09% for EUSA.

EUSA currently has the higher Sharpe Ratio (1.58 vs 1.49), 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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