SPGP vs. GARP
Compare and contrast key facts about Invesco S&P 500 GARP ETF (SPGP) and iShares MSCI USA Quality GARP ETF (GARP).
SPGP and GARP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011. GARP is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality GARP Select Index. It was launched on Jan 14, 2020. Both SPGP and GARP 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: SPGP or GARP.
Correlation
The correlation between SPGP and GARP is 0.90, 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
SPGP vs. GARP - Performance Comparison
Key characteristics
SPGP:
-0.14
GARP:
0.55
SPGP:
-0.05
GARP:
0.92
SPGP:
0.99
GARP:
1.13
SPGP:
-0.14
GARP:
0.61
SPGP:
-0.50
GARP:
2.16
SPGP:
6.21%
GARP:
6.70%
SPGP:
21.93%
GARP:
26.56%
SPGP:
-42.08%
GARP:
-31.34%
SPGP:
-13.80%
GARP:
-13.69%
Returns By Period
In the year-to-date period, SPGP achieves a -7.88% return, which is significantly higher than GARP's -9.12% return.
SPGP
-7.88%
-5.86%
-7.62%
-3.79%
15.98%
12.15%
GARP
-9.12%
-5.74%
-3.75%
13.07%
19.17%
N/A
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SPGP vs. GARP - Expense Ratio Comparison
SPGP has a 0.36% expense ratio, which is higher than GARP's 0.15% expense ratio.
Risk-Adjusted Performance
SPGP vs. GARP — Risk-Adjusted Performance Rank
SPGP
GARP
SPGP vs. GARP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 GARP ETF (SPGP) and iShares MSCI USA Quality GARP ETF (GARP). 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.
Dividends
SPGP vs. GARP - Dividend Comparison
SPGP's dividend yield for the trailing twelve months is around 1.59%, more than GARP's 0.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPGP Invesco S&P 500 GARP ETF | 1.59% | 1.38% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% |
GARP iShares MSCI USA Quality GARP ETF | 0.46% | 0.39% | 0.75% | 1.85% | 0.67% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPGP vs. GARP - Drawdown Comparison
The maximum SPGP drawdown since its inception was -42.08%, which is greater than GARP's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for SPGP and GARP. For additional features, visit the drawdowns tool.
Volatility
SPGP vs. GARP - Volatility Comparison
The current volatility for Invesco S&P 500 GARP ETF (SPGP) is 15.91%, while iShares MSCI USA Quality GARP ETF (GARP) has a volatility of 17.57%. This indicates that SPGP experiences smaller price fluctuations and is considered to be less risky than GARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.