GRPM vs SCHD
Invesco S&P MidCap 400 GARP ETF vs Schwab US Dividend Equity ETF
Which is better, GRPM or SCHD?
Small Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. GRPM led over 3Y, 5Y and the full window, SCHD over 1Y. GRPM is less concentrated, with 26.4% of the fund in its ten largest positions against 41.8%.
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 | SCHD |
|---|---|---|
| Expense Ratio | 0.35% | 0.06%Best |
| AUM | $507M | $112.1B |
| Dividend Yield | 0.65% | 3.00% |
| Holdings | 62 | 103 |
| YTD Return | +15.34% | +23.46%Best |
| 1Y Return | +13.97% | +27.20%Best |
| 3Y Return (annualized) | +17.32%Best | +15.41% |
| 5Y Return (annualized) | +10.35%Best | +10.16% |
| Volatility (annualized) | 18.2% | 13.7%Best |
| Max Drawdown | -44.5% | -33.4%Best |
| $10,000 over 5 years | $16,363Best | $16,223 |
| Top 10 Weight | 26.4%Best | 41.8% |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Value |
| Inception | Dec 3, 2010 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 18, 2026 (14.9 years).
GRPM vs SCHD 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 14.9 years both funds cover.
GRPM vs SCHD Performance
Invesco S&P MidCap 400 GARP ETF (GRPM) is an ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year GRPM returned +13.97% while SCHD returned +27.20%. Year to date, GRPM is up 15.34% versus a gain of 23.46% for SCHD.
Over three years, GRPM compounded at +17.32% per year against +15.41% for SCHD; over five years the annualized figures are +10.35% and +10.16% respectively. Across the full 15-year window we track, GRPM has the edge at +11.36% annualized vs +11.25%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GRPM has been the more volatile fund, with annualized monthly volatility of 18.2% compared with 13.7% for SCHD. 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 -33.4% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GRPM charges 0.35% per year while SCHD charges 0.06%. On a $10,000 position that is $35 vs $6 annually, a gap of $29 per year that compounds over a long holding period. On income, GRPM currently yields 0.65% against 3.00% for SCHD.
Holdings Overlap
6.0% of GRPM's money is in holdings SCHD also owns. 0.9% of SCHD's money is in holdings GRPM also owns.
GRPM and SCHD share little of their money.
5 positions in common, counted across the 61 positions we hold weights for in GRPM and 100 in SCHD, against full books of 62 and 103.
What only one of them owns
Our book lists 94 positions for SCHD that do not appear in our book for GRPM (99.0% of the fund), and 55 for GRPM that do not appear in SCHD (91.7%).
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 SCHD 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 SCHD?
GRPM has an expense ratio of 0.35% while SCHD charges 0.06%. SCHD is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, GRPM or SCHD?
Over the past year GRPM returned +13.97% vs +27.20% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), GRPM annualized +11.36% vs +11.25% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GRPM or SCHD?
GRPM has been the more volatile fund at 18.2% annualized versus 13.7% for SCHD. Worst drawdown: GRPM -44.5% vs SCHD -33.4%.
Should I hold both GRPM and SCHD?
GRPM and SCHD have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GRPM and SCHD?
6.0% of GRPM's money is in holdings SCHD also owns. 0.9% of SCHD's is in holdings GRPM also owns. They hold 5 positions in common, counted across the 61 positions we hold weights for in GRPM and 100 in SCHD.
Which pays a higher dividend, GRPM or SCHD?
GRPM yields 0.65% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than GRPM?
SCHD has a lower expense ratio. GRPM led over 3Y, 5Y and the full window, SCHD over 1Y. GRPM is less concentrated, with 26.4% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.