GRPZ vs. GRPM
Compare and contrast key facts about Invesco S&P Smallcap 600 GARP ETF (GRPZ) and Invesco S&P MidCap 400® GARP ETF (GRPM).
GRPZ and GRPM 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. 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. Both GRPZ and GRPM 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 GRPM.
Key characteristics
| GRPZ | GRPM | |
|---|---|---|
| Daily Std Dev | 22.05% | 19.46% |
| Max Drawdown | -10.11% | -43.12% |
| Current Drawdown | -0.55% | -0.48% |
Correlation
The correlation between GRPZ and GRPM is 0.91, 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. GRPM - Performance Comparison
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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GRPZ vs. GRPM - Expense Ratio Comparison
Both GRPZ and GRPM have an expense ratio of 0.35%.
Risk-Adjusted Performance
GRPZ vs. GRPM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Smallcap 600 GARP ETF (GRPZ) and Invesco S&P MidCap 400® GARP ETF (GRPM). 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.
Not enough dataDividends
GRPZ vs. GRPM - Dividend Comparison
GRPZ's dividend yield for the trailing twelve months is around 0.50%, less than GRPM's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRPZ Invesco S&P Smallcap 600 GARP ETF | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GRPM Invesco S&P MidCap 400® GARP ETF | 0.86% | 0.96% | 1.28% | 0.92% | 1.16% | 1.25% | 1.50% | 1.14% | 1.00% | 1.43% | 1.28% | 1.80% |
Drawdowns
GRPZ vs. GRPM - Drawdown Comparison
The maximum GRPZ drawdown since its inception was -10.11%, smaller than the maximum GRPM drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for GRPZ and GRPM. For additional features, visit the drawdowns tool.
Volatility
GRPZ vs. GRPM - Volatility Comparison
Invesco S&P Smallcap 600 GARP ETF (GRPZ) has a higher volatility of 8.77% compared to Invesco S&P MidCap 400® GARP ETF (GRPM) at 6.37%. This indicates that GRPZ's price experiences larger fluctuations and is considered to be riskier than GRPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.