UPGD vs. DRES

Last updated Aug 2, 2026

UPGD (Invesco Bloomberg Analyst Rating Improvers ETF) and DRES (GMO Domestic Resilience ETF) are both Mid Cap Blend Equities funds. UPGD is passively managed, while DRES is actively managed. Their 0.75 correlation means they have sometimes moved together and sometimes differently. UPGD charges 0.40%/yr vs 0.50%/yr for DRES.

Performance

UPGD vs. DRES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) and GMO Domestic Resilience ETF (DRES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UPGD achieves a 10.95% return, which is significantly lower than DRES's 21.60% return.

UPGD

• 1D: -0.40%
• 1M: -1.10%
• 6M: 7.04%
• YTD: 10.95%
• 1Y: 17.12%
• 3Y*: 12.19%
• 5Y*: 7.89%
• 10Y*: 10.04%
• ALL TIME*: 8.43%

DRES

• 1D: 0.30%
• 1M: 0.31%
• 6M: 12.48%
• YTD: 21.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DRES GMO Domestic Resilience ETF	$93.72K	$76.15K	$99.36K
UPGD Invesco Bloomberg Analyst Rating Improvers ETF	$107.99K	$276.67K	$151.22K

UPGD vs. DRES - Yearly Performance Comparison

	2026 (YTD)	2025
UPGD Invesco Bloomberg Analyst Rating Improvers ETF	10.95%	0.51%
DRES GMO Domestic Resilience ETF	21.60%	2.50%

Correlation

The correlation between UPGD and DRES is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.75

Return for Risk

UPGD vs. DRES — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UPGD

UPGD Risk / Return Rank: 45
UPGD Sharpe Ratio Rank: 45
UPGD Sortino Ratio Rank: 47
UPGD Omega Ratio Rank: 41
UPGD Calmar Ratio Rank: 44
UPGD Martin Ratio Rank: 47

DRES

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UPGD vs. DRES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) and GMO Domestic Resilience ETF (DRES). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	UPGD	DRES	Difference
Sharpe ratio: Return per unit of total volatility	1.12	—	—
Sortino ratio: Return per unit of downside risk	1.71	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.57	—	—
Martin ratio: Return relative to average drawdown	5.38	—	—

Drawdowns

UPGD vs. DRES - Drawdown Comparison

The maximum UPGD drawdown since its inception was -60.74%, which is greater than DRES's maximum drawdown of -10.41%. Use the drawdown chart below to compare losses from any high point for UPGD and DRES.

Drawdown Indicators

	UPGD	DRES	Difference
Max Drawdown Largest peak-to-trough decline	-60.74%	-10.41%	-50.33%
Max Drawdown (1Y) Largest decline over 1 year	-10.01%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.90%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.31%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.20%	—	—
Current Drawdown Current decline from peak	-2.60%	-1.59%	-1.01%
Average Drawdown Average peak-to-trough decline	-10.19%	-2.14%	-8.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	—	—

Volatility

Volatility by Period

	UPGD	DRES	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.10%	18.07%	-3.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.60%	18.07%	+0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.55%	18.07%	+3.48%

UPGD vs. DRES - Expense Ratio Comparison

UPGD has a 0.40% expense ratio, which is lower than DRES's 0.50% expense ratio.

Dividends

UPGD vs. DRES - Dividend Comparison

UPGD's dividend yield for the trailing twelve months is around 1.57%, more than DRES's 0.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRES GMO Domestic Resilience ETF	0.52%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UPGD Invesco Bloomberg Analyst Rating Improvers ETF	1.57%	1.75%	1.28%	1.39%	0.72%	0.52%	0.28%	0.20%	1.43%	0.00%	1.55%	0.93%

Frequently Asked Questions

Can I hold both UPGD and DRES in my portfolio?

UPGD and DRES have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UPGD or DRES?

On fees, UPGD is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UPGD or DRES?

UPGD is cheaper with a 0.40% expense ratio, compared with 0.50% for DRES.

Which ETF pays a higher dividend yield, UPGD or DRES?

UPGD has the higher dividend yield at 1.57%, compared with 0.52% for DRES.

What is the main difference between UPGD and DRES?

They also come from different issuers: Invesco and GMO. Their fees differ too: 0.40% for UPGD and 0.50% for DRES.