Invesco S&P MidCap 400 GARP ETF
$138.83−0.36 (−0.26%)
- 0.35%
- $505M
- +21.4%
- 0.56%
- 0M sh
- $138.82
- low $112.44high $146.45
The ETF.net GRPM Grade
C
Score 51 out of 100
- 61 of 99
Score 51 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C42 out of 100Rank 56 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.A81 out of 100Rank 43 of 86Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D34 out of 100Rank 71 of 97Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D35 out of 100Rank 70 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C49 out of 100Rank 59 of 98Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B68 out of 100Rank 30 of 99
Our read on GRPM
CTake the S&P MidCap 400, then keep only the roughly 60 names that clear a growth-at-a-reasonable-price screen. GRPM is the stock-picker's cut of a midcap index fund, run by rules instead of a manager.
The Fund invests at least 90% of its assets in securities comprising the S&P MidCap 400 GARP Index. The index targets companies with fundamental growth, reasonable valuations, financial strength and earning power.
Why people hold it
- Screens a 400-stock midcap universe down to about 60 names on growth, valuation, financial strength and earning power. A real bet, not a benchmark in disguise.invesco.com
- Rules, not vibes: at least 90% of assets sit in S&P MidCap 400 GARP Index constituents, and the fund has hugged that index closely.invesco.com
- The odd one out among plain S&P 400 trackers like SPMD, IJH and IVOO: same universe, factor screen bolted on. Invesco has run the ticker since 2010.
Worth knowing
- The screen costs money: 0.35% a year versus a 0.15% category median, and vanilla access to the same 400 stocks runs 0.03% at SPMD, 0.05% at IJH.
- Thinly traded next to the giants in its category, which tends to mean wider bid-ask spreads and more slippage on size.
- About 60 holdings means individual names swing the outcome, and the fund can diverge widely from the broad midcap 400 in either direction.
GRPM Holdings
- Stocks
- 62
- 27%
- ANF
Sectors
- Technology23.4%
- Financials22.0%
- Health Care20.4%
- Consumer Discretionary13.0%
- Industrials10.3%
- Energy5.0%
- Materials3.6%
- Consumer Staples2.3%
Geography
- United States93.66%
- Bermuda4.06%
- Cayman Islands1.18%
- Sweden1.10%
GRPM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
GRPM$12,143
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | GRPM |
|---|---|
| Year to date | +16.5% |
| 1 month | −0.7% |
| 3 months | +5.3% |
| 1 year | +21.4% |
| 3 years | +18.7% |
| 5 years | +9.9% |
| 10 years | +11.6% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GRPM |
|---|---|---|
| 2026 YTD | +16.5% | |
| 2025 | +7.8% | |
| 2024 | +15.7% | |
| 2023 | +18.8% | |
| 2022 | −11.6% | |
| 2021 | +26.4% | |
| 2020 | +15.6% |
GRPM in the news
GRPM Dividends
- 0.56%
- $0.78
- $0.15 per share
- Quarterly
Distribution history
GRPM Risk
- 18.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.71
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −28.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.00
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GRPM Cost
0.35%
GRPM0.35%
- The middle half of US Multifactor funds
- Median 0.30%
55 of the 99 US Multifactor funds charge less.
Other funds in US Multifactor
- CFNXFirst Trust Mid Cap Core AlphaDEX FundExpense ratio 0.62%1 year return +13.6%
- CBFORALPS ETF Trust - Barron's 400 ETFExpense ratio 0.65%1 year return +20.7%
- CDSTLDistillate U.S. Fundamental Stability & Value ETFExpense ratio 0.39%1 year return +17.1%
- CFTCSFirst Trust Capital Strength ETFExpense ratio 0.53%1 year return +5.6%
- CCPTLGlobal X Morningstar Capital Allocation Leaders ETFExpense ratio 0.35%1 year return —