GRPM vs IVV
Invesco S&P MidCap 400 GARP ETF vs iShares Core S&P 500 ETF
Which is better, GRPM or IVV?
Small Cap Blend against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. GRPM is less concentrated, with 26.4% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GRPM | IVV |
|---|---|---|
| Expense Ratio | 0.35% | 0.03%Best |
| AUM | $507M | $876.4B |
| Dividend Yield | 0.65% | 1.06% |
| Holdings | 62 | 508 |
| YTD Return | +15.34%Best | +12.39% |
| 1Y Return | +13.97% | +16.61%Best |
| 3Y Return (annualized) | +17.32% | +21.38%Best |
| 5Y Return (annualized) | +10.35% | +13.51%Best |
| Volatility (annualized) | 18.4% | 14.2%Best |
| Max Drawdown | -44.5% | -33.9%Best |
| $10,000 over 5 years | $16,363 | $18,844Best |
| Top 10 Weight | 26.4%Best | 37.8% |
| Fund Family | Invesco (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Blend |
| Inception | Dec 3, 2010 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Dec 8, 2010 to Sep 18, 2026 (15.8 years).
GRPM vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 15.8 years both funds cover.
GRPM vs IVV Performance
Invesco S&P MidCap 400 GARP ETF (GRPM) is an ETF from Invesco (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year GRPM returned +13.97% while IVV returned +16.61%. Year to date, GRPM is up 15.34% versus a gain of 12.39% for IVV.
Over three years, GRPM compounded at +17.32% per year against +21.38% for IVV; over five years the annualized figures are +10.35% and +13.51% respectively. Across the full 16-year window we track, IVV has the edge at +12.81% annualized vs +10.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GRPM has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 14.2% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -44.5% for GRPM and -33.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GRPM charges 0.35% per year while IVV charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, GRPM currently yields 0.65% against 1.06% for IVV.
Holdings Overlap
We hold position weights for 61 holdings in GRPM and 490 in IVV, totalling 100.0% and 99.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 61 positions we hold weights for in GRPM and 490 in IVV, against full books of 62 and 508.
What only one of them owns
Our book lists 482 positions for IVV that do not appear in our book for GRPM (98.6% of the fund), and 60 for GRPM that do not appear in IVV (97.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of GRPM and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GRPM or IVV?
GRPM has an expense ratio of 0.35% while IVV charges 0.03%. IVV is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, GRPM or IVV?
Over the past year GRPM returned +13.97% vs +16.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (16 years), GRPM annualized +10.56% vs +12.81% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GRPM or IVV?
GRPM has been the more volatile fund at 18.4% annualized versus 14.2% for IVV. Worst drawdown: GRPM -44.5% vs IVV -33.9%.
Should I hold both GRPM and IVV?
GRPM and IVV have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, GRPM or IVV?
GRPM yields 0.65% while IVV yields 1.06%, so IVV currently pays the higher dividend yield.
Is IVV better than GRPM?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. GRPM is less concentrated, with 26.4% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.