GRPZ vs. VOT

Last updated Jun 3, 2026

GRPZ (Invesco S&P Smallcap 600 GARP ETF) and VOT (Vanguard Mid-Cap Growth ETF) are both exchange-traded funds - GRPZ is a Small Cap Growth Equities fund tracking the S&P SmallCap 600 GARP Index, while VOT is a Mid Cap Growth Equities fund tracking the CRSP US Mid Cap Growth Index. Both are passively managed. Over the past year, GRPZ returned 24.87% vs 11.36% for VOT. A 0.71 correlation means they provide meaningful diversification when combined. GRPZ charges 0.35%/yr vs 0.07%/yr for VOT.

Performance

GRPZ vs. VOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P Smallcap 600 GARP ETF (GRPZ) and Vanguard Mid-Cap Growth ETF (VOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GRPZ achieves a 11.59% return, which is significantly higher than VOT's 8.39% return.

GRPZ

• 1D: 0.60%
• 1M: -0.92%
• YTD: 11.59%
• 6M: 11.26%
• 1Y: 24.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VOT

• 1D: -0.83%
• 1M: 5.62%
• YTD: 8.39%
• 6M: 6.44%
• 1Y: 11.36%
• 3Y*: 16.24%
• 5Y*: 6.88%
• 10Y*: 12.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GRPZ vs. VOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GRPZ Invesco S&P Smallcap 600 GARP ETF	11.59%	3.09%	4.27%
VOT Vanguard Mid-Cap Growth ETF	8.39%	10.72%	8.19%

Correlation

The correlation between GRPZ and VOT is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (All Time) Calculated using the full available price history since Mar 28, 2024	0.71

The correlation between GRPZ and VOT has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.

GRPZ vs. VOT - Sectors Allocation Comparison

Sectors	GRPZ	VOT
Financial Services	28.0%	6.8%
Industrials	16.3%	23.7%
Healthcare	14.4%	9.3%
Energy	13.0%	2.7%
Consumer Cyclical	12.0%	13.9%
Technology	7.9%	28.9%
Consumer Defensive	5.3%	0.8%
Basic Materials	2.2%	1.8%
Communication Services	0.9%	3.8%
Real Estate	-	4.8%
Utilities	-	3.5%

Return for Risk

GRPZ vs. VOT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GRPZ

GRPZ Risk / Return Rank: 43
GRPZ Sharpe Ratio Rank: 39
GRPZ Sortino Ratio Rank: 43
GRPZ Omega Ratio Rank: 36
GRPZ Calmar Ratio Rank: 51
GRPZ Martin Ratio Rank: 45

VOT

VOT Risk / Return Rank: 19
VOT Sharpe Ratio Rank: 21
VOT Sortino Ratio Rank: 20
VOT Omega Ratio Rank: 19
VOT Calmar Ratio Rank: 17
VOT Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GRPZ vs. VOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Smallcap 600 GARP ETF (GRPZ) and Vanguard Mid-Cap Growth ETF (VOT). 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	VOT	Difference
Sharpe ratio Return per unit of total volatility	1.41	0.72	+0.69
Sortino ratio Return per unit of downside risk	2.19	1.10	+1.09
Omega ratio Gain probability vs. loss probability	1.24	1.13	+0.11
Calmar ratio Return relative to maximum drawdown	2.58	0.72	+1.87
Martin ratio Return relative to average drawdown	7.42	2.14	+5.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GRPZ vs. VOT - Sharpe Ratio Comparison

The current GRPZ Sharpe Ratio is 1.41, which is higher than the VOT Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of GRPZ and VOT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GRPZ	VOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	0.72	+0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.32	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.45	-0.04

Drawdowns

GRPZ vs. VOT - Drawdown Comparison

The maximum GRPZ drawdown since its inception was -27.87%, smaller than the maximum VOT drawdown of -60.16%. Use the drawdown chart below to compare losses from any high point for GRPZ and VOT.

Drawdown Indicators

	GRPZ	VOT	Difference
Max Drawdown Largest peak-to-trough decline	-27.87%	-60.16%	+32.29%
Max Drawdown (1Y) Largest decline over 1 year	-9.53%	-15.96%	+6.43%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.19%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.19%	—
Current Drawdown Current decline from peak	-2.92%	-0.83%	-2.09%
Average Drawdown Average peak-to-trough decline	-7.01%	-9.96%	+2.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.31%	5.32%	-2.01%

Volatility

GRPZ vs. VOT - Volatility Comparison

Invesco S&P Smallcap 600 GARP ETF (GRPZ) has a higher volatility of 4.71% compared to Vanguard Mid-Cap Growth ETF (VOT) at 4.37%. This indicates that GRPZ's price experiences larger fluctuations and is considered to be riskier than VOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GRPZ	VOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.71%	4.37%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	11.84%	12.36%	-0.52%
Volatility (1Y) Calculated over the trailing 1-year period	17.69%	15.81%	+1.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.19%	21.36%	-0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.19%	20.99%	+0.20%

GRPZ vs. VOT - Expense Ratio Comparison

GRPZ has a 0.35% expense ratio, which is higher than VOT's 0.07% expense ratio.

Dividends

GRPZ vs. VOT - Dividend Comparison

GRPZ's dividend yield for the trailing twelve months is around 0.91%, more than VOT's 0.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GRPZ Invesco S&P Smallcap 600 GARP ETF	0.91%	0.97%	0.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOT Vanguard Mid-Cap Growth ETF	0.61%	0.64%	0.67%	0.71%	0.78%	0.34%	0.56%	0.78%	0.84%	0.72%	0.81%	0.81%

Frequently Asked Questions

Can I hold both GRPZ and VOT in my portfolio?

GRPZ and VOT have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GRPZ or VOT?

GRPZ has higher volatility (4.71%) compared to VOT (4.37%). In terms of maximum drawdown, GRPZ dropped -27.87% vs VOT's -60.16%.

Which ETF is better, GRPZ or VOT?

On 1-year performance, GRPZ leads with 24.87% vs 11.36% for VOT. On fees, VOT is cheaper at 0.07% per year. On volatility, VOT has been the lower-risk option at 4.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GRPZ or VOT?

Over the 1-year period, GRPZ has performed better with a 24.87% return vs 11.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GRPZ or VOT?

VOT is cheaper with a 0.07% expense ratio, compared with 0.35% for GRPZ.

Which ETF pays a higher dividend yield, GRPZ or VOT?

GRPZ has the higher dividend yield at 0.91%, compared with 0.61% for VOT.

What is the main difference between GRPZ and VOT?

GRPZ is categorized as Small Cap Growth Equities, while VOT is Mid Cap Growth Equities. GRPZ tracks S&P SmallCap 600 GARP Index, while VOT tracks CRSP US Mid Cap Growth Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.35% for GRPZ and 0.07% for VOT.

Which has better risk-adjusted returns?

GRPZ currently has the higher Sharpe Ratio (1.41 vs 0.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.