GRPZ vs. AVUV

Last updated Aug 2, 2026

GRPZ (Invesco S&P Smallcap 600 GARP ETF) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - GRPZ is a Small Cap Growth Equities fund tracking the S&P SmallCap 600 GARP Index, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. GRPZ is passively managed, while AVUV is actively managed. Over the past year, GRPZ returned 31.76% vs 40.65% for AVUV. Their correlation of 0.94 means they have usually moved in the same direction. GRPZ charges 0.35%/yr vs 0.25%/yr for AVUV.

Performance

GRPZ vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P Smallcap 600 GARP ETF (GRPZ) and Avantis US Small Cap Value ETF (AVUV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with GRPZ having a 22.54% return and AVUV slightly higher at 23.62%.

GRPZ

• 1D: -0.32%
• 1M: 0.21%
• 6M: 15.61%
• YTD: 22.54%
• 1Y: 31.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.48%

AVUV

• 1D: 0.03%
• 1M: 1.43%
• 6M: 15.37%
• YTD: 23.62%
• 1Y: 40.65%
• 3Y*: 16.14%
• 5Y*: 13.16%
• 10Y*: —
• ALL TIME*: 16.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVUV Avantis US Small Cap Value ETF	$143.14M	$148.43M	$155.85M
GRPZ Invesco S&P Smallcap 600 GARP ETF	$15.52K	$24.90K	$26.26K

GRPZ vs. AVUV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GRPZ Invesco S&P Smallcap 600 GARP ETF	22.54%	3.09%	4.27%
AVUV Avantis US Small Cap Value ETF	23.62%	7.44%	7.62%

Correlation

The correlation between GRPZ and AVUV is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024	0.94

The correlation between GRPZ and AVUV has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

GRPZ vs. AVUV - Sectors Allocation Comparison

Sectors	GRPZ	AVUV
Financial Services	26.4%	27.8%
Healthcare	18.8%	5.3%
Technology	13.2%	7.4%
Industrials	12.3%	13.5%
Consumer Defensive	9.5%	4.9%
Consumer Cyclical	9.2%	18.5%
Real Estate	4.0%	0.7%
Energy	3.4%	13.9%
Communication Services	3.2%	2.9%
Basic Materials	0.9%	4.8%
Utilities	-	0.2%

Return for Risk

GRPZ vs. AVUV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GRPZ

GRPZ Risk / Return Rank: 75
GRPZ Sharpe Ratio Rank: 74
GRPZ Sortino Ratio Rank: 80
GRPZ Omega Ratio Rank: 68
GRPZ Calmar Ratio Rank: 83
GRPZ Martin Ratio Rank: 72

AVUV

AVUV Risk / Return Rank: 91
AVUV Sharpe Ratio Rank: 90
AVUV Sortino Ratio Rank: 91
AVUV Omega Ratio Rank: 88
AVUV Calmar Ratio Rank: 94
AVUV Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GRPZ vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Smallcap 600 GARP ETF (GRPZ) and Avantis US Small Cap Value ETF (AVUV). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GRPZ	AVUV	Difference
Sharpe ratio: Return per unit of total volatility	1.69	2.24	-0.55
Sortino ratio: Return per unit of downside risk	2.59	3.23	-0.65
Omega ratio: Gain probability vs. loss probability	1.29	1.40	-0.11
Calmar ratio: Return relative to maximum drawdown	3.10	4.74	-1.64
Martin ratio: Return relative to average drawdown	8.97	14.98	-6.01

GRPZ vs. AVUV - Sharpe Ratio Comparison

The current GRPZ Sharpe Ratio is 1.69, which is comparable to the AVUV Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of GRPZ and AVUV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GRPZ vs. AVUV - Drawdown Comparison

The maximum GRPZ drawdown since its inception was -27.87%, smaller than the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for GRPZ and AVUV.

Drawdown Indicators

	GRPZ	AVUV	Difference
Max Drawdown Largest peak-to-trough decline	-27.87%	-49.42%	+21.55%
Max Drawdown (1Y) Largest decline over 1 year	-9.53%	-7.95%	-1.58%
Max Drawdown (3Y) Largest decline over 3 years	—	-28.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.79%	—
Current Drawdown Current decline from peak	-1.71%	-0.72%	-0.99%
Average Drawdown Average peak-to-trough decline	-6.58%	-7.78%	+1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.29%	2.52%	+0.77%

Volatility

GRPZ vs. AVUV - Volatility Comparison

Invesco S&P Smallcap 600 GARP ETF (GRPZ) has a higher volatility of 4.45% compared to Avantis US Small Cap Value ETF (AVUV) at 2.88%. This indicates that GRPZ's price experiences larger fluctuations and is considered to be riskier than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GRPZ	AVUV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	2.88%	+1.57%
Volatility (6M) Calculated over the trailing 6-month period	11.74%	10.51%	+1.23%
Volatility (1Y) Calculated over the trailing 1-year period	17.55%	16.90%	+0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.81%	22.40%	-1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.81%	28.02%	-7.21%

GRPZ vs. AVUV - Expense Ratio Comparison

GRPZ has a 0.35% expense ratio, which is higher than AVUV's 0.25% expense ratio.

Dividends

GRPZ vs. AVUV - Dividend Comparison

GRPZ's dividend yield for the trailing twelve months is around 0.88%, less than AVUV's 1.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVUV Avantis US Small Cap Value ETF	1.25%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%
GRPZ Invesco S&P Smallcap 600 GARP ETF	0.88%	0.97%	0.73%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GRPZ and AVUV in my portfolio?

With a correlation of 0.90, GRPZ and AVUV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GRPZ or AVUV?

GRPZ has higher volatility (4.45%) compared to AVUV (2.88%). In terms of maximum drawdown, GRPZ dropped -27.87% vs AVUV's -49.42%.

Which ETF is better, GRPZ or AVUV?

On 1-year performance, AVUV leads with 40.65% vs 31.76% for GRPZ. On fees, AVUV is cheaper at 0.25% per year. On volatility, AVUV has been the lower-risk option at 2.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GRPZ or AVUV?

Over the 1-year period, AVUV has performed better with a 40.65% return vs 31.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GRPZ or AVUV?

AVUV is cheaper with a 0.25% expense ratio, compared with 0.35% for GRPZ.

Which ETF pays a higher dividend yield, GRPZ or AVUV?

AVUV has the higher dividend yield at 1.25%, compared with 0.88% for GRPZ.

What is the main difference between GRPZ and AVUV?

GRPZ is categorized as Small Cap Growth Equities, while AVUV is Small Cap Value Equities. They also come from different issuers: Invesco and Avantis. Their fees differ too: 0.35% for GRPZ and 0.25% for AVUV.

Which has better risk-adjusted returns?

AVUV currently has the higher Sharpe Ratio (2.24 vs 1.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.