GRPM vs. VO
Compare and contrast key facts about Invesco S&P MidCap 400® GARP ETF (GRPM) and Vanguard Mid-Cap ETF (VO).
GRPM and VO 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. VO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Index. It was launched on Jan 26, 2004. Both GRPM and VO 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. VO - Performance Comparison
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GRPM vs. VO - 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% |
VO Vanguard Mid-Cap ETF | -0.68% | 11.62% | 15.31% | 16.03% | -18.73% | 24.70% | 18.10% | 30.98% | -9.24% | 19.28% |
Returns By Period
In the year-to-date period, GRPM achieves a -1.30% return, which is significantly lower than VO's -0.68% return. Both investments have delivered pretty close results over the past 10 years, with GRPM having a 10.52% annualized return and VO not far ahead at 10.67%.
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%
VO
- 1D
- 2.22%
- 1M
- -5.86%
- YTD
- -0.68%
- 6M
- -1.48%
- 1Y
- 12.73%
- 3Y*
- 12.61%
- 5Y*
- 6.66%
- 10Y*
- 10.67%
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GRPM vs. VO - Expense Ratio Comparison
GRPM has a 0.35% expense ratio, which is higher than VO's 0.04% expense ratio.
Return for Risk
GRPM vs. VO — Risk / Return Rank
GRPM
VO
GRPM vs. VO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® GARP ETF (GRPM) and Vanguard Mid-Cap ETF (VO). 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 | VO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 0.73 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.04 | 1.12 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.16 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.05 | -0.13 |
Martin ratioReturn relative to average drawdown | 3.90 | 4.84 | -0.94 |
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 | VO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.73 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.38 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.57 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.48 | +0.04 |
Correlation
The correlation between GRPM and VO is 0.90, 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. VO - Dividend Comparison
GRPM's dividend yield for the trailing twelve months is around 1.04%, less than VO's 1.51% 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% |
VO Vanguard Mid-Cap ETF | 1.51% | 1.52% | 1.49% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% |
Drawdowns
GRPM vs. VO - Drawdown Comparison
The maximum GRPM drawdown since its inception was -43.12%, smaller than the maximum VO drawdown of -58.87%. Use the drawdown chart below to compare losses from any high point for GRPM and VO.
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Drawdown Indicators
| GRPM | VO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.12% | -58.87% | +15.75% |
Max Drawdown (1Y)Largest decline over 1 year | -15.51% | -12.74% | -2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -28.09% | -27.57% | -0.52% |
Max Drawdown (10Y)Largest decline over 10 years | -43.12% | -39.37% | -3.75% |
Current DrawdownCurrent decline from peak | -5.24% | -6.12% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -7.91% | +2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 2.76% | +0.91% |
Volatility
GRPM vs. VO - Volatility Comparison
Invesco S&P MidCap 400® GARP ETF (GRPM) and Vanguard Mid-Cap ETF (VO) have volatilities of 4.88% and 4.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRPM | VO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 4.89% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.09% | 9.72% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.17% | 17.57% | +5.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.00% | 17.62% | +3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.27% | 18.94% | +3.33% |