GRPM vs. RSP
Compare and contrast key facts about Invesco S&P MidCap 400® GARP ETF (GRPM) and Invesco S&P 500 Equal Weight ETF (RSP).
GRPM and RSP 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. RSP is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Apr 24, 2003. Both GRPM and RSP 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. RSP - Performance Comparison
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GRPM vs. RSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRPM Invesco S&P MidCap 400® GARP ETF | -0.72% | 7.81% | 15.67% | 18.79% | -11.63% | 26.35% | 15.60% | 23.05% | -12.45% | 13.05% |
RSP Invesco S&P 500 Equal Weight ETF | 0.94% | 11.21% | 12.79% | 13.70% | -11.62% | 29.41% | 12.66% | 28.91% | -7.84% | 18.52% |
Returns By Period
In the year-to-date period, GRPM achieves a -0.72% return, which is significantly lower than RSP's 0.94% return. Over the past 10 years, GRPM has underperformed RSP with an annualized return of 10.59%, while RSP has yielded a comparatively higher 11.21% annualized return.
GRPM
- 1D
- 0.59%
- 1M
- -3.02%
- YTD
- -0.72%
- 6M
- -1.34%
- 1Y
- 14.05%
- 3Y*
- 12.14%
- 5Y*
- 6.89%
- 10Y*
- 10.59%
RSP
- 1D
- 0.32%
- 1M
- -5.49%
- YTD
- 0.94%
- 6M
- 2.11%
- 1Y
- 12.90%
- 3Y*
- 11.84%
- 5Y*
- 7.88%
- 10Y*
- 11.21%
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GRPM vs. RSP - Expense Ratio Comparison
GRPM has a 0.35% expense ratio, which is higher than RSP's 0.20% expense ratio.
Return for Risk
GRPM vs. RSP — Risk / Return Rank
GRPM
RSP
GRPM vs. RSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® GARP ETF (GRPM) and Invesco S&P 500 Equal Weight ETF (RSP). 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 | RSP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 0.75 | -0.15 |
Sortino ratioReturn per unit of downside risk | 1.03 | 1.17 | -0.14 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.17 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.95 | 1.04 | -0.08 |
Martin ratioReturn relative to average drawdown | 4.03 | 4.64 | -0.62 |
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 | RSP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.75 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.49 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.61 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.55 | -0.03 |
Correlation
The correlation between GRPM and RSP is 0.91, 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. RSP - Dividend Comparison
GRPM's dividend yield for the trailing twelve months is around 1.04%, less than RSP's 1.62% 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% |
RSP Invesco S&P 500 Equal Weight ETF | 1.62% | 1.64% | 1.52% | 1.64% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% |
Drawdowns
GRPM vs. RSP - Drawdown Comparison
The maximum GRPM drawdown since its inception was -43.12%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for GRPM and RSP.
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Drawdown Indicators
| GRPM | RSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.12% | -59.92% | +16.80% |
Max Drawdown (1Y)Largest decline over 1 year | -15.51% | -12.54% | -2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -28.09% | -21.38% | -6.71% |
Max Drawdown (10Y)Largest decline over 10 years | -43.12% | -39.04% | -4.08% |
Current DrawdownCurrent decline from peak | -4.69% | -5.66% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -6.69% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 2.80% | +0.88% |
Volatility
GRPM vs. RSP - Volatility Comparison
Invesco S&P MidCap 400® GARP ETF (GRPM) has a higher volatility of 4.92% compared to Invesco S&P 500 Equal Weight ETF (RSP) at 4.40%. This indicates that GRPM's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRPM | RSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 4.40% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 12.10% | 8.84% | +3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.17% | 17.16% | +6.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.99% | 16.20% | +4.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.27% | 18.36% | +3.91% |