GRPM vs. XMHQ
Compare and contrast key facts about Invesco S&P MidCap 400® GARP ETF (GRPM) and Invesco S&P MidCap Quality ETF (XMHQ).
GRPM and XMHQ 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. XMHQ is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Dec 1, 2006. Both GRPM and XMHQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GRPM or XMHQ.
Key characteristics
| GRPM | XMHQ | |
|---|---|---|
| YTD Return | 24.46% | 24.82% |
| 1Y Return | 42.04% | 39.14% |
| 3Y Return (Ann) | 8.53% | 11.01% |
| 5Y Return (Ann) | 14.69% | 17.65% |
| 10Y Return (Ann) | 10.53% | 12.50% |
| Sharpe Ratio | 2.17 | 2.15 |
| Sortino Ratio | 3.10 | 3.04 |
| Omega Ratio | 1.37 | 1.36 |
| Calmar Ratio | 3.79 | 3.78 |
| Martin Ratio | 9.88 | 9.28 |
| Ulcer Index | 4.27% | 4.20% |
| Daily Std Dev | 19.41% | 18.13% |
| Max Drawdown | -43.12% | -58.19% |
| Current Drawdown | -1.20% | -0.93% |
Correlation
The correlation between GRPM and XMHQ is 0.84, 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.
Performance
GRPM vs. XMHQ - Performance Comparison
The year-to-date returns for both investments are quite close, with GRPM having a 24.46% return and XMHQ slightly higher at 24.82%. Over the past 10 years, GRPM has underperformed XMHQ with an annualized return of 10.53%, while XMHQ has yielded a comparatively higher 12.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GRPM vs. XMHQ - Expense Ratio Comparison
GRPM has a 0.35% expense ratio, which is higher than XMHQ's 0.25% expense ratio.
Risk-Adjusted Performance
GRPM vs. XMHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® GARP ETF (GRPM) and Invesco S&P MidCap Quality ETF (XMHQ). 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.
Dividends
GRPM vs. XMHQ - Dividend Comparison
GRPM's dividend yield for the trailing twelve months is around 0.87%, less than XMHQ's 4.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRPM Invesco S&P MidCap 400® GARP ETF | 0.87% | 0.96% | 1.28% | 0.92% | 1.16% | 1.25% | 1.50% | 1.14% | 1.00% | 1.43% | 1.28% | 1.80% |
XMHQ Invesco S&P MidCap Quality ETF | 4.83% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.64% | 1.34% | 1.25% | 1.11% |
Drawdowns
GRPM vs. XMHQ - Drawdown Comparison
The maximum GRPM drawdown since its inception was -43.12%, smaller than the maximum XMHQ drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for GRPM and XMHQ. For additional features, visit the drawdowns tool.
Volatility
GRPM vs. XMHQ - Volatility Comparison
Invesco S&P MidCap 400® GARP ETF (GRPM) has a higher volatility of 6.39% compared to Invesco S&P MidCap Quality ETF (XMHQ) at 5.55%. This indicates that GRPM's price experiences larger fluctuations and is considered to be riskier than XMHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.