GRPZ vs. BKSE

Last updated Aug 2, 2026

GRPZ (Invesco S&P Smallcap 600 GARP ETF) and BKSE (BNY Mellon US Small Cap Core Equity ETF) are both Small Cap Growth Equities funds - GRPZ tracks the S&P SmallCap 600 GARP Index while BKSE tracks the Morningstar US Small Cap Index. Both are passively managed. Over the past year, GRPZ returned 31.76% vs 34.85% for BKSE. Their correlation of 0.92 means they have usually moved in the same direction. GRPZ charges 0.35%/yr vs 0.04%/yr for BKSE.

Performance

GRPZ vs. BKSE - Performance Comparison

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

Returns By Period

In the year-to-date period, GRPZ achieves a 22.54% return, which is significantly higher than BKSE's 18.16% return.

GRPZ

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

BKSE

• 1D: -0.45%
• 1M: -0.69%
• 6M: 12.42%
• YTD: 18.16%
• 1Y: 34.85%
• 3Y*: 15.52%
• 5Y*: 8.43%
• 10Y*: —
• ALL TIME*: 16.44%

*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)
BKSE BNY Mellon US Small Cap Core Equity ETF	$332.93K	$229.57K	$249.71K
GRPZ Invesco S&P Smallcap 600 GARP ETF	$15.52K	$24.90K	$26.26K

GRPZ vs. BKSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GRPZ Invesco S&P Smallcap 600 GARP ETF	22.54%	3.09%	4.27%
BKSE BNY Mellon US Small Cap Core Equity ETF	18.16%	13.09%	9.67%

Correlation

The correlation between GRPZ and BKSE is 0.89, 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.	0.89
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024	0.92

The correlation between GRPZ and BKSE has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

GRPZ vs. BKSE - Sectors Allocation Comparison

Sectors	GRPZ	BKSE
Financial Services	26.4%	16.4%
Healthcare	18.8%	14.2%
Technology	13.2%	16.0%
Industrials	12.3%	14.9%
Consumer Defensive	9.5%	2.6%
Consumer Cyclical	9.2%	13.5%
Real Estate	4.0%	7.2%
Energy	3.4%	5.9%
Communication Services	3.2%	2.0%
Basic Materials	0.9%	4.3%
Utilities	-	3.1%

Return for Risk

GRPZ vs. BKSE — 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

BKSE

BKSE Risk / Return Rank: 83
BKSE Sharpe Ratio Rank: 81
BKSE Sortino Ratio Rank: 83
BKSE Omega Ratio Rank: 77
BKSE Calmar Ratio Rank: 87
BKSE Martin Ratio Rank: 86

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. BKSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Smallcap 600 GARP ETF (GRPZ) and BNY Mellon US Small Cap Core Equity ETF (BKSE). 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	BKSE	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.88	-0.19
Sortino ratio: Return per unit of downside risk	2.59	2.74	-0.16
Omega ratio: Gain probability vs. loss probability	1.29	1.32	-0.03
Calmar ratio: Return relative to maximum drawdown	3.10	3.47	-0.37
Martin ratio: Return relative to average drawdown	8.97	12.47	-3.49

GRPZ vs. BKSE - Sharpe Ratio Comparison

The current GRPZ Sharpe Ratio is 1.69, which is comparable to the BKSE Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of GRPZ and BKSE, 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. BKSE - Drawdown Comparison

The maximum GRPZ drawdown since its inception was -27.87%, roughly equal to the maximum BKSE drawdown of -29.08%. Use the drawdown chart below to compare losses from any high point for GRPZ and BKSE.

Drawdown Indicators

	GRPZ	BKSE	Difference
Max Drawdown Largest peak-to-trough decline	-27.87%	-29.08%	+1.21%
Max Drawdown (1Y) Largest decline over 1 year	-9.53%	-9.40%	-0.13%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.08%	—
Current Drawdown Current decline from peak	-1.71%	-1.42%	-0.29%
Average Drawdown Average peak-to-trough decline	-6.58%	-8.85%	+2.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.29%	2.62%	+0.67%

Volatility

GRPZ vs. BKSE - Volatility Comparison

Invesco S&P Smallcap 600 GARP ETF (GRPZ) has a higher volatility of 4.45% compared to BNY Mellon US Small Cap Core Equity ETF (BKSE) at 3.37%. This indicates that GRPZ's price experiences larger fluctuations and is considered to be riskier than BKSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GRPZ	BKSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	3.37%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	11.74%	11.92%	-0.18%
Volatility (1Y) Calculated over the trailing 1-year period	17.55%	17.42%	+0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.81%	21.34%	-0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.81%	22.12%	-1.31%

GRPZ vs. BKSE - Expense Ratio Comparison

GRPZ has a 0.35% expense ratio, which is higher than BKSE's 0.04% expense ratio.

Dividends

GRPZ vs. BKSE - Dividend Comparison

GRPZ's dividend yield for the trailing twelve months is around 0.88%, less than BKSE's 1.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BKSE BNY Mellon US Small Cap Core Equity ETF	1.21%	1.26%	1.55%	1.38%	1.50%	1.17%	0.82%
GRPZ Invesco S&P Smallcap 600 GARP ETF	0.88%	0.97%	0.73%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GRPZ and BKSE in my portfolio?

GRPZ and BKSE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GRPZ or BKSE?

GRPZ has higher volatility (4.45%) compared to BKSE (3.37%). In terms of maximum drawdown, GRPZ dropped -27.87% vs BKSE's -29.08%.

Which ETF is better, GRPZ or BKSE?

On 1-year performance, BKSE leads with 34.85% vs 31.76% for GRPZ. On fees, BKSE is cheaper at 0.04% per year. On volatility, BKSE has been the lower-risk option at 3.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GRPZ or BKSE?

Over the 1-year period, BKSE has performed better with a 34.85% 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 BKSE?

BKSE is cheaper with a 0.04% expense ratio, compared with 0.35% for GRPZ.

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

BKSE has the higher dividend yield at 1.21%, compared with 0.88% for GRPZ.

What is the main difference between GRPZ and BKSE?

GRPZ tracks S&P SmallCap 600 GARP Index, while BKSE tracks Morningstar US Small Cap Index. They also come from different issuers: Invesco and BNY Mellon. Their fees differ too: 0.35% for GRPZ and 0.04% for BKSE.

Which has better risk-adjusted returns?

BKSE currently has the higher Sharpe Ratio (1.88 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.