GRPM
Invesco S&P MidCap 400 GARP ETF
Invesco S&P Mid Cap 400 Equal Weight ETF is an exchange-traded fund incorporated in the USA. The Fund's investment objective is to correspond as closely as possible, before fees and expenses, to the price and yield performance of the S&P Mid Cap 400 Equal Weight Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
604.2 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | Security Investors LLC |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 03, 2010 |
| Assets (mns) | $604 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| AAON INC | 2.9 % |
| ROIVANT SCIENCES LTD. | 2.8 % |
| LANTHEUS HOLDINGS INC | 2.8 % |
| HANCOCK HOLDING CO | 2.6 % |
| KINSALE CAPITAL GROUP, INC. | 2.4 % |
| BOYD GAMING CORP | 2.4 % |
| TEXAS ROADHOUSE INC | 2.4 % |
| APPLIED INDUSTRIAL TECH INC | 2.3 % |
| MATADOR RESOURCES CO | 2.2 % |
| CNX RESOURCES CORPORATION | 2.2 % |
Constituent Breakdown
| Number of holdings | 59 |
| Herfindahl-Hirschman Index | 180 |
| Wgt avg mkt cap (mns) | $8,664 |
| Large cap (>$10bn) | 29.2% |
| Mid cap ($2-10bn) | 69.1% |
| Small cap (<$2bn) | 1.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 92.8 % |
 |
BRITAIN | 2.8 % |
 |
BERMUDA | 1.7 % |
 |
CANADA | 1.3 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 17.3% | 38.8% | 23.4% | 10.9% | 15.7% | 10.9% | 12.1% | Volatility | 18.7% | 19.3% | 19.2% | 21.3% | 26.5% | 21.6% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.09 | 73% |
| MSCI EAFE | 1.05 | 70% |
| MSCI Emg Mkts | 0.74 | 33% |
Liquidity Measures
| Avg. volume (000) | 32 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.31% |
| ADV of underlying (mns) | $4,916 |
Technical Indicators
| Recent close | $124.43 |
| 30d moving avg. | $116.71 |
| Annualized volatility | 22.3% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 5.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GRPM |
Expenses vs. GRPM |
ALTAR Score™ vs. GRPM |
|---|---|---|---|---|
| RFG | Invesco S&P Midcap 400 Pure Growth ETF | 38.2% | 0 bp | -3.8% |
| XMHQ | Invesco S&P MidCap Quality ETF | 34.7% | -10 bp | -2.0% |
| XMVM | Invesco S&P MidCap Value with Momentum ETF | 33.2% | +4 bp | +0.9% |
| IJK | iShares S&P Mid-Cap 400 Growth ETF | 22.8% | -18 bp | -3.2% |
| IVOG | Vanguard S&P Mid-Cap 400 Growth ETF | 22.2% | -20 bp | -3.1% |
| MDYG | SPDR S&P 400 Mid Cap Growth ETF | 22.0% | -20 bp | -3.1% |
| BUL | Pacer US Cash Cows Growth ETF | 22.0% | +25 bp | -1.2% |
| RWK | Invesco S&P MidCap 400 Revenue ETF | 20.5% | +4 bp | -2.0% |
| AFMC | First Trust Active Factor Mid Cap ETF | 18.3% | +30 bp | -2.0% |
| XMMO | Invesco S&P MidCap Momentum ETF | 18.2% | -1 bp | -3.3% |
Risk and Returns: GRPM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/22/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
GRPM
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
GRPM
8.7%
Cat. Avg
5.3%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.3% and a standard deviation of
2.4%. GRPM's ALTAR Score™ is approximately
1.4 standard deviations
above
the category average. This places GRPM in the 92nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GRPMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| GRPM (35 bp) Percentile rank | 37 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GRPM | 35.0 | 30.7 | 65.7 |
| Peer Avg. | 35.7 | 15.0 | 50.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .