GRPM vs VYM
Invesco S&P MidCap 400 GARP ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. GRPM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | GRPM | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.04% | |
| AUM | $484M | $79.0B | |
| Dividend Yield | 0.73% | 2.86% | |
| Holdings | 60 | 568 | |
| YTD Return | +19.18% | +15.80% | |
| 1Y Return | +27.94% | +26.12% | |
| 3Y Return (annualized) | +16.43% | +18.25% | |
| 5Y Return (annualized) | +10.51% | +12.51% | |
| Volatility (annualized) | 18.4% | 14.6% | |
| Max Drawdown | -44.5% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 3, 2010 | Nov 10, 2006 |
GRPM vs VYM Performance
Invesco S&P MidCap 400 GARP ETF (GRPM) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year GRPM returned +27.94% while VYM returned +26.12%. Year to date, GRPM is up 19.18% versus a gain of 15.80% for VYM.
Over three years, GRPM compounded at +16.43% per year against +18.25% for VYM; over five years the annualized figures are +10.51% and +12.51% respectively. Across the full 16-year window we track, GRPM has the edge at +10.87% annualized vs +7.07%. 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 14.6% for VYM. 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 -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GRPM charges 0.35% per year while VYM charges 0.04%. On a $10,000 position that is $35 vs $4 annually, a gap of $31 per year that compounds over a long holding period. On income, GRPM currently yields 0.73% against 2.86% for VYM.
Holdings Overlap
GRPM and VYM share 11 holdings out of 607 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GRPM or VYM?
GRPM has an expense ratio of 0.35% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, GRPM or VYM?
Over the past year GRPM returned +27.94% vs +26.12% for VYM, so GRPM leads on 1-year performance. Over the longest common window we track (16 years), GRPM annualized +10.87% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, GRPM or VYM?
GRPM has been the more volatile fund at 18.4% annualized versus 14.6% for VYM. Worst drawdown: GRPM -44.5% vs VYM -58.8%.
Should I hold both GRPM and VYM?
GRPM and VYM have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GRPM and VYM?
GRPM and VYM share 11 common holdings with a 0.4% weight overlap. Combined, they hold 607 unique securities.
Which pays a higher dividend, GRPM or VYM?
GRPM yields 0.73% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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