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ETFs

Invesco S&P MidCap 400 GARP ETF

GRPM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 03 2010
Expense Ratio
0.35%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$1,526,883
AUM
$225,600,716
Associated Index
S&P MidCap 400 GARP Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

MTDR
Matador Resources Co
3.16%
CHRD
Chord Energy Corp - Ordinary Shares - New
2.92%
MUSA
Murphy USA Inc
2.75%
PBF
PBF Energy Inc - Ordinary Shares - Class A
2.64%
LPX
Louisiana-Pacific Corp.
2.51%
AR
Antero Resources Corp
2.39%
BLDR
Builders Firstsource Inc
2.34%
R
Ryder System, Inc.
2.27%
UFPI
UFP Industries Inc
2.20%
THO
Thor Industries, Inc.
2.13%
Invest with GRPM

What is GRPM?

The Invesco S&P MidCap 400 GARP ETF (Fund) is based on the S&P MidCap 400 GARP Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index seeks to track companies with consistent fundamental growth, reasonable valuation, solid financial strength and strong earning power.

ETFs related toGRPM

ETFs correlated to GRPM include MIDU, SPMD, MDY

GRPM
Invesco Capital Management LLC - Invesco S&P MidCap 400 GARP ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
SPMD
SPDR Series Trust - SPDR Portfolio S&P 400 Mid Cap ETF
MDY
State Street Global Advisors - S&P MidCap 400 ETF
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap ETF
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
IVOV
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 Value ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
IJJ
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Value ETF
MDYV
SPDR Series Trust - SPDR S&P 400 Mid Cap Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toGRPM

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with GRPM using Composer

FAQ

GRPM is a US Equities ETF. The Invesco S&P MidCap 400 GARP ETF (Fund) is based on the S&P MidCap 400 GARP Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index seeks to track companies with consistent fundamental growth, reasonable valuation, solid financial strength and strong earning power.

GRPM tracks the S&P MidCap 400 GARP Index.

No, GRPM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, GRPM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GRPM is -0.0318%. This is the percent change in the value of GRPM over the most recent 1-month period. The 3-month return on GRPM is -0.0133%. This is the percent change in the value of GRPM over the most recent 3-month period.

The standard deviation of GRPM for the past year is 0.2056%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GRPM include VIG, VYM, and DFAS.

ETFs correlated to GRPM include MIDU, SPMD, and MDY.

ETFs that are inversely correlated to GRPM include TZA, TWM, and RWM.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.