GRPZ vs. DES
Compare and contrast key facts about Invesco S&P Smallcap 600 GARP ETF (GRPZ) and WisdomTree U.S. SmallCap Dividend Fund (DES).
GRPZ and DES are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GRPZ is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 GARP Index. It was launched on Mar 25, 2024. DES is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree SmallCap Dividend (TR). It was launched on Jun 16, 2006. Both GRPZ and DES 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: GRPZ or DES.
Correlation
The correlation between GRPZ and DES is 0.93, 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
GRPZ vs. DES - Performance Comparison
Key characteristics
GRPZ:
-0.57
DES:
-0.37
GRPZ:
-0.71
DES:
-0.41
GRPZ:
0.91
DES:
0.95
GRPZ:
-0.49
DES:
-0.32
GRPZ:
-1.64
DES:
-1.13
GRPZ:
8.41%
DES:
7.19%
GRPZ:
24.31%
DES:
21.75%
GRPZ:
-27.87%
DES:
-65.49%
GRPZ:
-24.90%
DES:
-23.21%
Returns By Period
In the year-to-date period, GRPZ achieves a -17.62% return, which is significantly lower than DES's -15.94% return.
GRPZ
-17.62%
-7.73%
-16.72%
-11.62%
N/A
N/A
DES
-15.94%
-10.09%
-13.61%
-5.10%
11.12%
4.87%
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GRPZ vs. DES - Expense Ratio Comparison
GRPZ has a 0.35% expense ratio, which is lower than DES's 0.38% expense ratio.
Risk-Adjusted Performance
GRPZ vs. DES — Risk-Adjusted Performance Rank
GRPZ
DES
GRPZ vs. DES - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Smallcap 600 GARP ETF (GRPZ) and WisdomTree U.S. SmallCap Dividend Fund (DES). 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
GRPZ vs. DES - Dividend Comparison
GRPZ's dividend yield for the trailing twelve months is around 1.16%, less than DES's 3.38% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRPZ Invesco S&P Smallcap 600 GARP ETF | 1.16% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DES WisdomTree U.S. SmallCap Dividend Fund | 3.38% | 2.81% | 2.65% | 2.89% | 2.31% | 2.75% | 2.68% | 3.65% | 2.89% | 2.70% | 3.55% | 2.68% |
Drawdowns
GRPZ vs. DES - Drawdown Comparison
The maximum GRPZ drawdown since its inception was -27.87%, smaller than the maximum DES drawdown of -65.49%. Use the drawdown chart below to compare losses from any high point for GRPZ and DES. For additional features, visit the drawdowns tool.
Volatility
GRPZ vs. DES - Volatility Comparison
Invesco S&P Smallcap 600 GARP ETF (GRPZ) has a higher volatility of 14.27% compared to WisdomTree U.S. SmallCap Dividend Fund (DES) at 11.90%. This indicates that GRPZ's price experiences larger fluctuations and is considered to be riskier than DES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.