GRPM vs. FDVLX
Compare and contrast key facts about Invesco S&P MidCap 400® GARP ETF (GRPM) and Fidelity Value Fund (FDVLX).
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. FDVLX is managed by Fidelity. It was launched on Dec 1, 1978.
Performance
GRPM vs. FDVLX - Performance Comparison
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GRPM vs. FDVLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRPM Invesco S&P MidCap 400® GARP ETF | -1.30% | 7.81% | 15.67% | 18.79% | -11.63% | 26.35% | 15.60% | 23.05% | -12.45% | 13.05% |
FDVLX Fidelity Value Fund | 0.36% | 11.32% | 30.11% | 19.57% | -9.07% | 35.30% | 9.33% | 31.68% | -17.58% | 14.11% |
Returns By Period
In the year-to-date period, GRPM achieves a -1.30% return, which is significantly lower than FDVLX's 0.36% return. Over the past 10 years, GRPM has underperformed FDVLX with an annualized return of 10.52%, while FDVLX has yielded a comparatively higher 12.56% annualized return.
GRPM
- 1D
- 2.28%
- 1M
- -2.74%
- YTD
- -1.30%
- 6M
- -1.63%
- 1Y
- 14.14%
- 3Y*
- 11.92%
- 5Y*
- 6.76%
- 10Y*
- 10.52%
FDVLX
- 1D
- -0.72%
- 1M
- -8.71%
- YTD
- 0.36%
- 6M
- 5.29%
- 1Y
- 18.06%
- 3Y*
- 19.69%
- 5Y*
- 12.52%
- 10Y*
- 12.56%
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GRPM vs. FDVLX - Expense Ratio Comparison
GRPM has a 0.35% expense ratio, which is lower than FDVLX's 0.79% expense ratio.
Return for Risk
GRPM vs. FDVLX — Risk / Return Rank
GRPM
FDVLX
GRPM vs. FDVLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® GARP ETF (GRPM) and Fidelity Value Fund (FDVLX). 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.
| GRPM | FDVLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 0.84 | -0.23 |
Sortino ratioReturn per unit of downside risk | 1.04 | 1.33 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.18 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.06 | -0.14 |
Martin ratioReturn relative to average drawdown | 3.90 | 4.38 | -0.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GRPM | FDVLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.84 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.47 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.50 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.56 | -0.04 |
Correlation
The correlation between GRPM and FDVLX is 0.93, 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.
Dividends
GRPM vs. FDVLX - Dividend Comparison
GRPM's dividend yield for the trailing twelve months is around 1.04%, less than FDVLX's 10.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRPM Invesco S&P MidCap 400® GARP ETF | 1.04% | 1.19% | 0.95% | 0.96% | 1.28% | 0.92% | 1.16% | 1.25% | 1.50% | 1.14% | 1.00% | 1.43% |
FDVLX Fidelity Value Fund | 10.01% | 10.05% | 33.05% | 3.71% | 7.08% | 9.79% | 0.98% | 3.34% | 16.25% | 3.38% | 1.26% | 10.97% |
Drawdowns
GRPM vs. FDVLX - Drawdown Comparison
The maximum GRPM drawdown since its inception was -43.12%, smaller than the maximum FDVLX drawdown of -66.91%. Use the drawdown chart below to compare losses from any high point for GRPM and FDVLX.
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Drawdown Indicators
| GRPM | FDVLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.12% | -66.91% | +23.79% |
Max Drawdown (1Y)Largest decline over 1 year | -15.51% | -14.96% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -28.09% | -31.45% | +3.36% |
Max Drawdown (10Y)Largest decline over 10 years | -43.12% | -48.66% | +5.54% |
Current DrawdownCurrent decline from peak | -5.24% | -9.90% | +4.66% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -9.05% | +3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 3.63% | +0.04% |
Volatility
GRPM vs. FDVLX - Volatility Comparison
The current volatility for Invesco S&P MidCap 400® GARP ETF (GRPM) is 4.88%, while Fidelity Value Fund (FDVLX) has a volatility of 5.32%. This indicates that GRPM experiences smaller price fluctuations and is considered to be less risky than FDVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRPM | FDVLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 5.32% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 12.09% | 11.67% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.17% | 21.51% | +1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.00% | 26.54% | -5.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.27% | 25.15% | -2.88% |