GRPZ vs. GARP
Compare and contrast key facts about Invesco S&P Smallcap 600 GARP ETF (GRPZ) and iShares MSCI USA Quality GARP ETF (GARP).
GRPZ and GARP 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. GARP is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality GARP Select Index. It was launched on Jan 14, 2020. Both GRPZ and GARP 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 GARP.
Correlation
The correlation between GRPZ and GARP is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GRPZ vs. GARP - Performance Comparison
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Key characteristics
GRPZ:
-0.04
GARP:
0.68
GRPZ:
0.21
GARP:
1.23
GRPZ:
1.03
GARP:
1.17
GRPZ:
0.02
GARP:
0.89
GRPZ:
0.05
GARP:
2.98
GRPZ:
10.44%
GARP:
7.09%
GRPZ:
24.73%
GARP:
26.93%
GRPZ:
-27.87%
GARP:
-31.34%
GRPZ:
-14.41%
GARP:
-3.01%
Returns By Period
In the year-to-date period, GRPZ achieves a -6.11% return, which is significantly lower than GARP's 2.12% return.
GRPZ
-6.11%
12.07%
-10.00%
-0.99%
N/A
N/A
GARP
2.12%
16.15%
3.71%
18.23%
20.74%
N/A
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GRPZ vs. GARP - Expense Ratio Comparison
GRPZ has a 0.35% expense ratio, which is higher than GARP's 0.15% expense ratio.
Risk-Adjusted Performance
GRPZ vs. GARP — Risk-Adjusted Performance Rank
GRPZ
GARP
GRPZ vs. GARP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Smallcap 600 GARP ETF (GRPZ) and iShares MSCI USA Quality GARP ETF (GARP). 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.
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Dividends
GRPZ vs. GARP - Dividend Comparison
GRPZ's dividend yield for the trailing twelve months is around 1.02%, more than GARP's 0.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
GRPZ Invesco S&P Smallcap 600 GARP ETF | 1.02% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% |
GARP iShares MSCI USA Quality GARP ETF | 0.40% | 0.38% | 0.75% | 1.85% | 0.67% | 0.75% |
Drawdowns
GRPZ vs. GARP - Drawdown Comparison
The maximum GRPZ drawdown since its inception was -27.87%, smaller than the maximum GARP drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for GRPZ and GARP. For additional features, visit the drawdowns tool.
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Volatility
GRPZ vs. GARP - Volatility Comparison
The current volatility for Invesco S&P Smallcap 600 GARP ETF (GRPZ) is 6.22%, while iShares MSCI USA Quality GARP ETF (GARP) has a volatility of 8.13%. This indicates that GRPZ experiences smaller price fluctuations and is considered to be less risky than GARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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