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
443.3 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) | $443 |
| 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 +
| CELSIUS HOLDINGS, INC. | 3.6 % |
| RAMBUS INC | 3.2 % |
| COMFORT SYSTEMS USA INC | 3.2 % |
| MEDPACE HOLDINGS, INC. | 3.1 % |
| APPFOLIO INC CLASS A | 2.5 % |
| HYATT HOTELS CORP - CL A | 2.4 % |
| RENAISSANCERE HOLDINGS LTD | 2.3 % |
| HALOZYME THERAPEUTICS INC | 2.3 % |
| AAON INC | 2.3 % |
| UNITED THERAPEUTICS CORP | 2.2 % |
Constituent Breakdown
| Number of holdings | 57 |
| Herfindahl-Hirschman Index | 187 |
| Wgt avg mkt cap (mns) | $9,360 |
| Large cap (>$10bn) | 34.2% |
| Mid cap ($2-10bn) | 61.3% |
| Small cap (<$2bn) | 1.4% |
| Developed mkts. | 96.8% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 91.3 % |
 |
BERMUDA | 2.3 % |
 |
CAYMAN ISLANDS | 2.1 % |
 |
SWITZERLAND | 1.0 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.4% | 3.8% | 19.4% | 12.4% | 14.1% | 9.2% | -- | 9.7% |
| Dividend Yield | 0.3% | 0.3% | 0.7% | 0.9% | 1.1% | 1.2% | -- | 1.4% |
| Total Returns | 5.7% | 4.0% | 20.2% | 13.3% | 15.1% | 10.5% | -- | 11.0% | Ann. Volatility | 24.9% | 24.3% | 21.9% | 21.0% | 21.6% | 22.4% | -- | 20.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.23 | 59% |
| MSCI EAFE | 0.80 | 36% |
| MSCI Emg Mkts | 0.53 | 18% |
Liquidity Measures
| Avg. volume (000) | 33 |
| ADV traded (mns) | $4 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.25% |
Technical Indicators
| 30d moving avg. (EMA) | $117.46 |
| Relative strength (RSI) | 46 |
| MACD/Signal | -1.09/-0.70 |
| Bollinger Bands (Upper/Lower) | $121.69/$113.61 |
| Short interest (% of AUM) | 0.3% |
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 | 39.3% | 0 bp | +5.4% |
| XMHQ | Invesco S&P MidCap Quality ETF | 34.1% | -10 bp | +6.8% |
| IJK | iShares S&P Mid-Cap 400 Growth ETF | 25.4% | -18 bp | +5.9% |
| RNSC | Furst Trust Small Cap US Equity Select ETF | 24.6% | +25 bp | +5.1% |
| IVOG | Vanguard S&P Mid-Cap 400 Growth ETF | 24.2% | -25 bp | +6.0% |
| MDYG | State Street SPDR S&P 400 Mid Cap Growth ETF | 24.1% | -20 bp | +6.0% |
| MCOW | Pacer S&P MidCap 400 Quality FCF Aristocrats ETF | 22.3% | +14 bp | +6.9% |
| PAMC | Pacer Lunt MidCap Multi-Factor Alternator ETF | 21.9% | +25 bp | +6.6% |
| FSGS | First Trust SMID Growth Strength ETF | 20.1% | +25 bp | +5.2% |
| XMVM | Invesco S&P MidCap Value with Momentum ETF | 20.0% | +4 bp | +9.6% |
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 11/28/2025
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
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
7.9%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 1012 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. GRPM's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places GRPM in the 83rd 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