GRPZ vs. IWM
Compare and contrast key facts about Invesco S&P Smallcap 600 GARP ETF (GRPZ) and iShares Russell 2000 ETF (IWM).
GRPZ and IWM 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. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000. Both GRPZ and IWM 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 IWM.
Key characteristics
| GRPZ | IWM | |
|---|---|---|
| Daily Std Dev | 21.09% | 21.47% |
| Max Drawdown | -10.11% | -59.05% |
| Current Drawdown | -6.81% | -7.19% |
Correlation
The correlation between GRPZ and IWM 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. IWM - 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. IWM - Expense Ratio Comparison
GRPZ has a 0.35% expense ratio, which is higher than IWM's 0.19% expense ratio.
Risk-Adjusted Performance
GRPZ vs. IWM - 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 Russell 2000 ETF (IWM). 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. IWM - Dividend Comparison
GRPZ's dividend yield for the trailing twelve months is around 0.24%, less than IWM's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRPZ Invesco S&P Smallcap 600 GARP ETF | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 1.22% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
Drawdowns
GRPZ vs. IWM - Drawdown Comparison
The maximum GRPZ drawdown since its inception was -10.11%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for GRPZ and IWM. For additional features, visit the drawdowns tool.
Volatility
GRPZ vs. IWM - Volatility Comparison
Invesco S&P Smallcap 600 GARP ETF (GRPZ) and iShares Russell 2000 ETF (IWM) have volatilities of 6.62% and 6.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.