Invesco S&P MidCap 400 GARP ETF (GRPM) Performance
GRPM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +20.4% since Dec 31, 2025
- 1 year
- +21.6% total return
- 5 years
- +9.8% a year
- 10 years
- +12.0% a year
- Since first price
- +11.7% a year since 2010
GRPM trailing returns vs SPY, QQQ, AGG
| Period | GRPM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +4.6% | +4.6% | −1.0% | −5.0% | +0.9% |
| 3 months | +10.2% | +10.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +15.2% | +14.9% | +7.8% | +8.4% | −1.5% |
| YTD | +20.4% | +19.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +21.6% | +20.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +77.4%+21.1%/yr | +72.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +59.7%+9.8%/yr | +51.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +210.8%+12.0%/yr | +176.6% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +477.4%+12.4%/yr | +376.3% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionDec 8, 2010 | +482.8%+11.7%/yr | +377.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GRPM vs SPY
From Dec 8, 2010: GRPM grew to $58,281, SPY to $81,640.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GRPM returns by calendar year
11 of 15 full years positive. Best 2013 (+35.0%), worst 2018 (−12.5%). 2026 is year to date.
GRPM annual returns table
| Year | GRPM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +20.4% | −7.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +7.8% | −23.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +15.7% | −11.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +18.8% | −13.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −11.6% | −22.2% | −18.2% | −32.6% | −13.0% |
| 2021 | +26.3% | −8.8% | +28.7% | +27.4% | −1.8% |
| 2020 | +15.6% | −43.1% | +18.3% | +48.6% | +7.5% |
| 2019 | +23.0% | −10.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −12.5% | −23.8% | −4.6% | −0.1% | +0.1% |
| 2017 | +13.0% | −6.2% | +21.7% | +32.7% | +3.6% |
| 2016 | +22.5% | −11.4% | +12.0% | +7.1% | +2.4% |
| 2015 | −5.0% | −14.9% | +1.2% | +9.4% | +0.5% |
| 2014 | +10.2% | −10.6% | +13.5% | +19.2% | +6.0% |
| 2013 | +35.0% | −6.4% | +32.3% | +36.6% | −2.0% |
| 2012 | +16.2% | −12.2% | +16.0% | +18.1% | +3.8% |
| 2011 | −0.2% | −25.5% | +1.9% | +3.4% | +7.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GRPM largest drawdowns
Now 1.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 16, 2020 | −43.1% | Mar 23, 2020 | Nov 9, 2020 | 2 months | 10 months |
| Nov 25, 2024 | −28.1% | Apr 8, 2025 | Jan 22, 2026 | 4 months | 1.2 years |
| Jul 7, 2011 | −25.5% | Oct 4, 2011 | Mar 16, 2012 | 3 months | 8 months |
| Sep 20, 2018 | −23.8% | Dec 24, 2018 | Jan 16, 2020 | 3 months | 1.3 years |
| Nov 5, 2021 | −23.0% | Sep 30, 2022 | Dec 14, 2023 | 11 months | 2.1 years |
| May 21, 2015 | −21.5% | Feb 11, 2016 | Jul 26, 2016 | 9 months | 1.2 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
GRPM risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2010 |
|---|---|---|---|---|
| Annualized return | +16.9% | +9.7% | +11.1% | +11.2% |
| Volatility (annualized) | 18.1% | 19.8% | 20.6% | 18.4% |
| Sharpe ratio | 0.71 | 0.38 | 0.50 | 0.59 |
| Sortino ratio | 1.23 | 0.62 | 0.77 | 0.92 |
| Best month | +11.7% | +11.7% | +17.9% | +17.9% |
| Worst month | −9.9% | −9.9% | −22.2% | −22.2% |
| Best 12 months | +39.3% | +42.5% | +100.4% | +100.4% |
| Worst 12 months | −12.0% | −15.5% | −28.2% | −28.2% |
| Positive months | 58% | 53% | 62% | 62% |
| Beta vs S&P 500 | 1.01 | 1.03 | 1.16 | — |
| Correlation with S&P 500 | 0.69 | 0.81 | 0.86 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GRPM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 179 | −28.2% | +11.3% | +100.4% | 73% |
| 3-year (a year) | 155 | −7.4% | +11.2% | +26.1% | 99% |
| 5-year (a year) | 131 | −1.7% | +10.6% | +19.7% | 99% |
| 10-year (a year) | 71 | +7.7% | +10.8% | +14.2% | 100% |
Every holding period starting at a month-end since 2010. Returns for 3 years and longer are annualized.
GRPM performance overview
Invesco S&P MidCap 400 GARP ETF (GRPM) returned +21.6% over the past year and +12.0% a year over ten years, with distributions reinvested. Since its first recorded price in 2010 it has returned +11.7% a year, turning $10,000 into about $58,281. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −43.1%, from Jan 16, 2020 to Mar 23, 2020, and it took 8 months to get back to the old high. GRPM finished 11 of its 15 full calendar years with a gain; the best year was 2013 (+35.0%) and the worst 2018 (−12.5%). Volatility has been 18.4% a year.
Related: GRPM chart, GRPM holdings, GRPM dividends, GRPM valuation. See the GRPM overview for the latest quote and fund facts.
GRPM performance FAQ
What is the GRPM return over the past year?
GRPM returned +21.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 20.9%.
What is the average annual return of GRPM?
GRPM has returned +9.8% a year over 5 years, +12.0% a year over 10 years, +11.7% a year since December 8, 2010 (total return, distributions reinvested).
How much would $10,000 invested in GRPM be worth?
$10,000 invested in GRPM at its first recorded close on December 8, 2010 would be worth about $58,281 on October 23, 2026 with distributions reinvested.
What was the worst year for GRPM?
The worst calendar year was 2018, with a total return of −12.5%. The best was 2013 at +35.0%.
What is the biggest drawdown of GRPM?
The largest peak-to-trough decline was −43.1% between January 16, 2020 and March 23, 2020. It recovered to the old high on November 9, 2020, 8 months after the bottom.
How volatile is GRPM?
Over the past 3 years GRPM had an annualized volatility of 18.1% and a Sharpe ratio of 0.71 (excess return over 1–3 month T-bills per unit of risk).