GRPM vs. JMEE
Compare and contrast key facts about Invesco S&P MidCap 400® GARP ETF (GRPM) and JPMorgan Market Expansion Enhanced Equity ETF (JMEE).
GRPM and JMEE 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. JMEE is an actively managed fund by JPMorgan. It was launched on Jul 31, 1998.
Performance
GRPM vs. JMEE - Performance Comparison
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GRPM vs. JMEE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GRPM Invesco S&P MidCap 400® GARP ETF | -1.30% | 7.81% | 15.67% | 18.79% | 2.77% |
JMEE JPMorgan Market Expansion Enhanced Equity ETF | 3.71% | 7.65% | 13.65% | 18.12% | 1.37% |
Returns By Period
In the year-to-date period, GRPM achieves a -1.30% return, which is significantly lower than JMEE's 3.71% 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%
JMEE
- 1D
- 2.68%
- 1M
- -4.56%
- YTD
- 3.71%
- 6M
- 6.43%
- 1Y
- 20.60%
- 3Y*
- 12.90%
- 5Y*
- —
- 10Y*
- —
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GRPM vs. JMEE - Expense Ratio Comparison
GRPM has a 0.35% expense ratio, which is higher than JMEE's 0.24% expense ratio.
Return for Risk
GRPM vs. JMEE — Risk / Return Rank
GRPM
JMEE
GRPM vs. JMEE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® GARP ETF (GRPM) and JPMorgan Market Expansion Enhanced Equity ETF (JMEE). 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 | JMEE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 0.99 | -0.37 |
Sortino ratioReturn per unit of downside risk | 1.04 | 1.50 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.21 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.51 | -0.59 |
Martin ratioReturn relative to average drawdown | 3.90 | 6.47 | -2.57 |
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 | JMEE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.99 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
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 | 0.58 | -0.06 |
Correlation
The correlation between GRPM and JMEE is 0.95, 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. JMEE - Dividend Comparison
GRPM's dividend yield for the trailing twelve months is around 1.04%, less than JMEE's 1.09% 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% |
JMEE JPMorgan Market Expansion Enhanced Equity ETF | 1.09% | 1.13% | 0.95% | 1.25% | 6.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GRPM vs. JMEE - Drawdown Comparison
The maximum GRPM drawdown since its inception was -43.12%, which is greater than JMEE's maximum drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for GRPM and JMEE.
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Drawdown Indicators
| GRPM | JMEE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.12% | -25.40% | -17.72% |
Max Drawdown (1Y)Largest decline over 1 year | -15.51% | -13.96% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -28.09% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.12% | — | — |
Current DrawdownCurrent decline from peak | -5.24% | -5.79% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -5.57% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 3.27% | +0.40% |
Volatility
GRPM vs. JMEE - Volatility Comparison
The current volatility for Invesco S&P MidCap 400® GARP ETF (GRPM) is 4.88%, while JPMorgan Market Expansion Enhanced Equity ETF (JMEE) has a volatility of 6.35%. This indicates that GRPM experiences smaller price fluctuations and is considered to be less risky than JMEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRPM | JMEE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 6.35% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 12.09% | 12.09% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.17% | 20.98% | +2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.00% | 19.69% | +1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.27% | 19.69% | +2.58% |