GRPZ vs. SPHQ
Compare and contrast key facts about Invesco S&P Smallcap 600 GARP ETF (GRPZ) and Invesco S&P 500® Quality ETF (SPHQ).
GRPZ and SPHQ 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. SPHQ is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Quality Rankings Index. It was launched on Dec 6, 2005. Both GRPZ and SPHQ 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 SPHQ.
Correlation
The correlation between GRPZ and SPHQ is 0.69, 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. SPHQ - Performance Comparison
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Key characteristics
GRPZ:
0.05
SPHQ:
0.94
GRPZ:
0.21
SPHQ:
1.47
GRPZ:
1.03
SPHQ:
1.21
GRPZ:
0.02
SPHQ:
1.03
GRPZ:
0.04
SPHQ:
4.24
GRPZ:
10.36%
SPHQ:
4.02%
GRPZ:
24.73%
SPHQ:
17.47%
GRPZ:
-27.87%
SPHQ:
-57.83%
GRPZ:
-13.85%
SPHQ:
-2.43%
Returns By Period
In the year-to-date period, GRPZ achieves a -5.50% return, which is significantly lower than SPHQ's 3.67% return.
GRPZ
-5.50%
12.85%
-11.31%
1.15%
N/A
N/A
SPHQ
3.67%
9.46%
1.93%
16.40%
17.54%
13.20%
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GRPZ vs. SPHQ - Expense Ratio Comparison
GRPZ has a 0.35% expense ratio, which is higher than SPHQ's 0.15% expense ratio.
Risk-Adjusted Performance
GRPZ vs. SPHQ — Risk-Adjusted Performance Rank
GRPZ
SPHQ
GRPZ vs. SPHQ - 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 500® Quality ETF (SPHQ). 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. SPHQ - Dividend Comparison
GRPZ's dividend yield for the trailing twelve months is around 1.01%, less than SPHQ's 1.11% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRPZ Invesco S&P Smallcap 600 GARP ETF | 1.01% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHQ Invesco S&P 500® Quality ETF | 1.11% | 1.15% | 1.43% | 1.85% | 1.19% | 1.56% | 1.50% | 1.86% | 1.57% | 1.68% | 2.29% | 1.66% |
Drawdowns
GRPZ vs. SPHQ - Drawdown Comparison
The maximum GRPZ drawdown since its inception was -27.87%, smaller than the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for GRPZ and SPHQ. For additional features, visit the drawdowns tool.
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Volatility
GRPZ vs. SPHQ - Volatility Comparison
Invesco S&P Smallcap 600 GARP ETF (GRPZ) has a higher volatility of 6.10% compared to Invesco S&P 500® Quality ETF (SPHQ) at 5.33%. This indicates that GRPZ's price experiences larger fluctuations and is considered to be riskier than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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