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Is Invesco S&P MidCap 400 GARP ETF (GRPM) a Strong ETF Right Now?
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Launched on 12/03/2010, the Invesco S&P MidCap 400 GARP ETF (GRPM - Free Report) is a smart beta exchange traded fund offering broad exposure to the Style Box - Mid Cap Blend category of the market.
What Are Smart Beta ETFs?
The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.
A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.
On the other hand, some investors who believe that it is possible to beat the market by superior stock selection opt to invest in another class of funds that track non-cap weighted strategies--popularly known as smart beta.
Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.
Even though this space provides many choices to investors--think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting--not all have been able to deliver first-rate results.
Fund Sponsor & Index
Because the fund has amassed over $492.42 million, this makes it one of the average sized ETFs in the Style Box - Mid Cap Blend. GRPM is managed by Invesco. This particular fund, before fees and expenses, seeks to match the performance of the S&P MIDCAP 400 GARP INDEX .
The S&P MidCap 400 GARP Index seeks to track companies with consistent fundamental growth, reasonable valuation, solid financial strength, and strong earning power.
Cost & Other Expenses
When considering an ETF's total return, expense ratios are an important factor. And, cheaper funds can significantly outperform their more expensive cousins in the long term if all other factors remain equal.
Annual operating expenses for this ETF are 0.35%, making it on par with most peer products in the space.
GRPM's 12-month trailing dividend yield is 0.68%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
Representing 23.9% of the portfolio, the fund has heaviest allocation to the Financials sector; Healthcare and Consumer Discretionary round out the top three.
When you look at individual holdings, Abercrombie & Fitch Co (ANF) accounts for about 3.35% of the fund's total assets, followed by Hecla Mining Co (HL) and Duolingo Inc (DUOL).
GRPM's top 10 holdings account for about 26.46% of its total assets under management.
Performance and Risk
So far this year, GRPM has added roughly 15.89%, and was up about 13.85% in the last one year (as of 09/21/2026). During this past 52-week period, the fund has traded between $112.99 and $146.15.
The ETF has a beta of 1.01 and standard deviation of 19.53% for the trailing three-year period. With about 63 holdings, it effectively diversifies company-specific risk .
Alternatives
Invesco S&P MidCap 400 GARP ETF is an excellent option for investors seeking to outperform the Style Box - Mid Cap Blend segment of the market. There are other ETFs in the space which investors could consider as well.
Vanguard Morningstar Mid-Cap ETF (VO) tracks CRSP US Mid Cap Index and the iShares Core S&P Mid-Cap ETF (IJH) tracks S&P MidCap 400 Index. Vanguard Morningstar Mid-Cap ETF has $104.78 billion in assets, iShares Core S&P Mid-Cap ETF has $121.28 billion. VO has an expense ratio of 0.03% and IJH changes 0.05%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Mid Cap Blend
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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Is Invesco S&P MidCap 400 GARP ETF (GRPM) a Strong ETF Right Now?
Launched on 12/03/2010, the Invesco S&P MidCap 400 GARP ETF (GRPM - Free Report) is a smart beta exchange traded fund offering broad exposure to the Style Box - Mid Cap Blend category of the market.
What Are Smart Beta ETFs?
The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.
A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.
On the other hand, some investors who believe that it is possible to beat the market by superior stock selection opt to invest in another class of funds that track non-cap weighted strategies--popularly known as smart beta.
Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.
Even though this space provides many choices to investors--think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting--not all have been able to deliver first-rate results.
Fund Sponsor & Index
Because the fund has amassed over $492.42 million, this makes it one of the average sized ETFs in the Style Box - Mid Cap Blend. GRPM is managed by Invesco. This particular fund, before fees and expenses, seeks to match the performance of the S&P MIDCAP 400 GARP INDEX .
The S&P MidCap 400 GARP Index seeks to track companies with consistent fundamental growth, reasonable valuation, solid financial strength, and strong earning power.
Cost & Other Expenses
When considering an ETF's total return, expense ratios are an important factor. And, cheaper funds can significantly outperform their more expensive cousins in the long term if all other factors remain equal.
Annual operating expenses for this ETF are 0.35%, making it on par with most peer products in the space.
GRPM's 12-month trailing dividend yield is 0.68%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
Representing 23.9% of the portfolio, the fund has heaviest allocation to the Financials sector; Healthcare and Consumer Discretionary round out the top three.
When you look at individual holdings, Abercrombie & Fitch Co (ANF) accounts for about 3.35% of the fund's total assets, followed by Hecla Mining Co (HL) and Duolingo Inc (DUOL).
GRPM's top 10 holdings account for about 26.46% of its total assets under management.
Performance and Risk
So far this year, GRPM has added roughly 15.89%, and was up about 13.85% in the last one year (as of 09/21/2026). During this past 52-week period, the fund has traded between $112.99 and $146.15.
The ETF has a beta of 1.01 and standard deviation of 19.53% for the trailing three-year period. With about 63 holdings, it effectively diversifies company-specific risk .
Alternatives
Invesco S&P MidCap 400 GARP ETF is an excellent option for investors seeking to outperform the Style Box - Mid Cap Blend segment of the market. There are other ETFs in the space which investors could consider as well.
Vanguard Morningstar Mid-Cap ETF (VO) tracks CRSP US Mid Cap Index and the iShares Core S&P Mid-Cap ETF (IJH) tracks S&P MidCap 400 Index. Vanguard Morningstar Mid-Cap ETF has $104.78 billion in assets, iShares Core S&P Mid-Cap ETF has $121.28 billion. VO has an expense ratio of 0.03% and IJH changes 0.05%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Mid Cap Blend
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.