GRPZ
Invesco S&P SmallCap 600 GARP ETF
GRPZ tracks an index of US small-cap growth stocks that exhibit quality and value characteristics.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
2.6 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 25, 2024 |
| Assets (mns) | $3 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CAL-MAINE FOODS INC | 3.0 % |
| LIQUIDITY SERVICES INC | 2.0 % |
| MARATHON DIGITAL HOLDINGS INC | 1.9 % |
| PALOMAR HOLDINGS, INC. | 1.9 % |
| CATALYST PHARMACEUTICAL PART | 1.9 % |
| CONSOL ENERGY INC | 1.9 % |
| MONARCH CASINO & RESORT INC | 1.8 % |
| INTERDIGITAL INC | 1.8 % |
| COGENT COMMUNICATIONS HOLDINGS INC | 1.7 % |
| S & T BANCORP INC | 1.6 % |
Constituent Breakdown
| Number of holdings | 84 |
| Herfindahl-Hirschman Index | 131 |
| Wgt avg mkt cap (mns) | $3,286 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 72.3% |
| Small cap (<$2bn) | 27.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.8 % |
 |
PUERTO RICO | 2.3 % |
 |
BERMUDA | 2.0 % |
 |
IRELAND | 1.1 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.3% | -- | -- | -- | -- | -- | 7.3% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $4,304 |
Technical Indicators
| Recent close | $25.88 |
| 30d moving avg. | $27.80 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.6% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GRPZ |
Expenses vs. GRPZ |
ALTAR Score™ vs. GRPZ |
|---|---|---|---|---|
| RZG | Invesco S&P Smallcap 600 Pure Growth ETF | 42.4% | 0 bp | -4.0% |
| XSHQ | Invesco S&P SmallCap Quality ETF | 36.1% | -6 bp | -1.1% |
| SIXS | ETC 6 Meridian Small Cap Equity ETF | 30.6% | +54 bp | -1.7% |
| XSVM | Invesco S&P SmallCap Value with Momentum ETF | 30.1% | +1 bp | +1.5% |
| IJT | iShares S&P Small-Cap 600 Growth ETF | 27.7% | -17 bp | -4.1% |
| SLYG | SPDR S&P 600 Small Cap Growth ETF | 26.5% | -20 bp | -4.1% |
| CALF | Pacer US Small Cap Cash Cows 100 ETF | 26.4% | +24 bp | -5.1% |
| VIOG | Vanguard S&P Small-Cap 600 Growth ETF | 26.3% | -20 bp | -4.1% |
| SMCP | AlphaMark Actively Managed Small Cap ETF | 20.3% | +55 bp | -2.8% |
| JSML | Janus Henderson Small Cap Growth Alpha ETF | 19.9% | -5 bp | -3.2% |
Risk and Returns: GRPZ 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 12/20/2024
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
GRPZ
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™
GRPZ
10.2%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. GRPZ's ALTAR Score™ is approximately
1.8 standard deviations
above
the category average. This places GRPZ in the 96th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GRPZSELL
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 |
| GRPZ (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) |
|
|---|---|---|---|
| GRPZ | 35.0 | 0.0 | 35 |
| Peer Avg. | 26.7 | 10.6 | 37.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .