GRPM vs. SIXL
Compare and contrast key facts about Invesco S&P MidCap 400® GARP ETF (GRPM) and ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL).
GRPM and SIXL 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. SIXL is an actively managed fund by Exchange Traded Concepts. It was launched on May 11, 2020.
Performance
GRPM vs. SIXL - Performance Comparison
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GRPM vs. SIXL - 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% | 45.14% |
SIXL ETC 6 Meridian Low Beta Equity Strategy ETF | 4.48% | -0.61% | 14.13% | 2.38% | -7.49% | 20.00% | 18.42% |
Returns By Period
In the year-to-date period, GRPM achieves a -1.30% return, which is significantly lower than SIXL's 4.48% 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%
SIXL
- 1D
- 0.42%
- 1M
- -4.69%
- YTD
- 4.48%
- 6M
- 2.87%
- 1Y
- 2.42%
- 3Y*
- 7.20%
- 5Y*
- 4.17%
- 10Y*
- —
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GRPM vs. SIXL - Expense Ratio Comparison
GRPM has a 0.35% expense ratio, which is lower than SIXL's 0.47% expense ratio.
Return for Risk
GRPM vs. SIXL — Risk / Return Rank
GRPM
SIXL
GRPM vs. SIXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® GARP ETF (GRPM) and ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL). 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 | SIXL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 0.20 | +0.41 |
Sortino ratioReturn per unit of downside risk | 1.04 | 0.36 | +0.68 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.05 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 0.37 | +0.55 |
Martin ratioReturn relative to average drawdown | 3.90 | 1.19 | +2.71 |
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 | SIXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.20 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.34 | -0.02 |
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 | 0.66 | -0.13 |
Correlation
The correlation between GRPM and SIXL is 0.75, 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. SIXL - Dividend Comparison
GRPM's dividend yield for the trailing twelve months is around 1.04%, less than SIXL's 2.37% 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% |
SIXL ETC 6 Meridian Low Beta Equity Strategy ETF | 2.37% | 2.31% | 1.28% | 1.48% | 1.45% | 0.67% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GRPM vs. SIXL - Drawdown Comparison
The maximum GRPM drawdown since its inception was -43.12%, which is greater than SIXL's maximum drawdown of -16.08%. Use the drawdown chart below to compare losses from any high point for GRPM and SIXL.
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Drawdown Indicators
| GRPM | SIXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.12% | -16.08% | -27.04% |
Max Drawdown (1Y)Largest decline over 1 year | -15.51% | -8.63% | -6.88% |
Max Drawdown (5Y)Largest decline over 5 years | -28.09% | -16.08% | -12.01% |
Max Drawdown (10Y)Largest decline over 10 years | -43.12% | — | — |
Current DrawdownCurrent decline from peak | -5.24% | -5.07% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -4.60% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 2.66% | +1.01% |
Volatility
GRPM vs. SIXL - Volatility Comparison
Invesco S&P MidCap 400® GARP ETF (GRPM) has a higher volatility of 4.88% compared to ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL) at 3.02%. This indicates that GRPM's price experiences larger fluctuations and is considered to be riskier than SIXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRPM | SIXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 3.02% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 12.09% | 6.76% | +5.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.17% | 12.15% | +11.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.00% | 12.14% | +8.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.27% | 12.64% | +9.63% |