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.
Performance
GRPZ vs. GRPM - Performance Comparison
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GRPZ vs. GRPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GRPZ Invesco S&P Smallcap 600 GARP ETF | 3.13% | 3.09% | 4.27% |
GRPM Invesco S&P MidCap 400® GARP ETF | -1.30% | 7.81% | -5.22% |
Returns By Period
In the year-to-date period, GRPZ achieves a 3.13% return, which is significantly higher than GRPM's -1.30% return.
GRPZ
- 1D
- 2.47%
- 1M
- -3.38%
- YTD
- 3.13%
- 6M
- 2.96%
- 1Y
- 17.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRPM
- 1D
- 2.28%
- 1M
- -2.74%
- YTD
- -1.30%
- 6M
- -1.63%
- 1Y
- 14.14%
- 3Y*
- 11.92%
- 5Y*
- 6.76%
- 10Y*
- 10.52%
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GRPZ vs. GRPM - Expense Ratio Comparison
Both GRPZ and GRPM have an expense ratio of 0.35%.
Return for Risk
GRPZ vs. GRPM — Risk / Return Rank
GRPZ
GRPM
GRPZ vs. GRPM - Risk-Adjusted Trends 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.
| GRPZ | GRPM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 0.61 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.04 | +0.24 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.14 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.24 | 0.92 | +0.32 |
Martin ratioReturn relative to average drawdown | 4.40 | 3.90 | +0.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GRPZ | GRPM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.61 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.32 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.52 | -0.28 |
Correlation
The correlation between GRPZ and GRPM is 0.89, 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.
Dividends
GRPZ vs. GRPM - Dividend Comparison
GRPZ's dividend yield for the trailing twelve months is around 0.98%, less than GRPM's 1.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRPZ Invesco S&P Smallcap 600 GARP ETF | 0.98% | 0.97% | 0.73% | 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 | 1.04% | 1.19% | 0.95% | 0.96% | 1.28% | 0.92% | 1.16% | 1.25% | 1.50% | 1.14% | 1.00% | 1.43% |
Drawdowns
GRPZ vs. GRPM - Drawdown Comparison
The maximum GRPZ drawdown since its inception was -27.87%, 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.
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Drawdown Indicators
| GRPZ | GRPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.87% | -43.12% | +15.25% |
Max Drawdown (1Y)Largest decline over 1 year | -14.12% | -15.51% | +1.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.09% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.12% | — |
Current DrawdownCurrent decline from peak | -6.84% | -5.24% | -1.60% |
Average DrawdownAverage peak-to-trough decline | -7.42% | -5.76% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 3.67% | +0.31% |
Volatility
GRPZ vs. GRPM - Volatility Comparison
Invesco S&P Smallcap 600 GARP ETF (GRPZ) has a higher volatility of 5.70% compared to Invesco S&P MidCap 400® GARP ETF (GRPM) at 4.88%. 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.
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Volatility by Period
| GRPZ | GRPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 4.88% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 12.71% | 12.09% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.51% | 23.17% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.59% | 21.00% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.59% | 22.27% | -0.68% |