GRPM vs. GARP
Compare and contrast key facts about Invesco S&P MidCap 400® GARP ETF (GRPM) and iShares MSCI USA Quality GARP ETF (GARP).
GRPM and GARP 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. GARP is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality GARP Select Index. It was launched on Jan 14, 2020. Both GRPM and GARP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GRPM vs. GARP - Performance Comparison
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GRPM vs. GARP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GRPM Invesco S&P MidCap 400® GARP ETF | -1.30% | 7.81% | 15.67% | 18.79% | -11.63% | 26.35% | 13.98% |
GARP iShares MSCI USA Quality GARP ETF | -6.01% | 21.49% | 37.42% | 42.86% | -26.75% | 27.99% | 26.51% |
Returns By Period
In the year-to-date period, GRPM achieves a -1.30% return, which is significantly higher than GARP's -6.01% 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%
GARP
- 1D
- 3.86%
- 1M
- -5.81%
- YTD
- -6.01%
- 6M
- -2.39%
- 1Y
- 25.79%
- 3Y*
- 25.22%
- 5Y*
- 15.18%
- 10Y*
- —
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GRPM vs. GARP - Expense Ratio Comparison
GRPM has a 0.35% expense ratio, which is higher than GARP's 0.15% expense ratio.
Return for Risk
GRPM vs. GARP — Risk / Return Rank
GRPM
GARP
GRPM vs. GARP - 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 Quality GARP ETF (GARP). 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 | GARP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 1.06 | -0.45 |
Sortino ratioReturn per unit of downside risk | 1.04 | 1.62 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.23 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.87 | -0.95 |
Martin ratioReturn relative to average drawdown | 3.90 | 6.91 | -3.01 |
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 | GARP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 1.06 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.70 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.71 | -0.19 |
Correlation
The correlation between GRPM and GARP is 0.68, 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.
Dividends
GRPM vs. GARP - Dividend Comparison
GRPM's dividend yield for the trailing twelve months is around 1.04%, more than GARP's 0.32% 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% |
GARP iShares MSCI USA Quality GARP ETF | 0.32% | 0.31% | 0.38% | 0.75% | 1.85% | 0.67% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GRPM vs. GARP - Drawdown Comparison
The maximum GRPM drawdown since its inception was -43.12%, which is greater than GARP's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for GRPM and GARP.
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Drawdown Indicators
| GRPM | GARP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.12% | -31.34% | -11.78% |
Max Drawdown (1Y)Largest decline over 1 year | -15.51% | -13.69% | -1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -28.09% | -30.61% | +2.52% |
Max Drawdown (10Y)Largest decline over 10 years | -43.12% | — | — |
Current DrawdownCurrent decline from peak | -5.24% | -10.35% | +5.11% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -7.53% | +1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 3.71% | -0.04% |
Volatility
GRPM vs. GARP - Volatility Comparison
The current volatility for Invesco S&P MidCap 400® GARP ETF (GRPM) is 4.88%, while iShares MSCI USA Quality GARP ETF (GARP) has a volatility of 7.52%. This indicates that GRPM experiences smaller price fluctuations and is considered to be less risky than GARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRPM | GARP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 7.52% | -2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 12.09% | 14.44% | -2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.17% | 24.39% | -1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.00% | 21.86% | -0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.27% | 24.02% | -1.75% |