GRPZ: Invesco S&P SmallCap 600 GARP ETF
What this ETF is trying to do
The Invesco S&P SmallCap 600 GARP ETF (ticker: GRPZ) is an exchange-traded fund that focuses on smaller companies. It is designed to follow a specific strategy involving small-cap stocks.
What the numbers show
As of September 21, 2026, the current price of one share is $31.48. Based on estimated data, the price was about $26.99 roughly one year ago.
When looking at how the fund has performed, it is important to look at two different numbers:
• Price Return: This measures only the change in the share price. Over the last year, the one-year price return was approximately 16.63%. Year-to-date (YTD), the price return is about 18.45%.
• Total Return: This includes both the share price changes and any cash payments (distributions) made to investors. The one-year total return was approximately 17.98%, and the YTD total return is about 19.26%.
Because the total return is higher than the price return, we can see that the cash payments added extra value to the overall performance.
Top Holdings
The following is a partial list of the largest companies held in this ETF. Please note that holdings can change over time.
• Inspire Medical Systems Inc: 2.59%
• Millrose Properties Inc Class A: 2.11%
• Dave Inc Ordinary Shares Class A: 2.03%
• TG Therapeutics Inc: 2.00%
• Transmedics Group Inc: 2.00%
• Adma Biologics Inc: 1.86%
• Palomar Holdings Inc: 1.85%
• Tidewater Inc: 1.80%
• Acadia Pharmaceuticals Inc: 1.73%
• Cal-Maine Foods Inc: 1.66%
Income and distribution explanation
This ETF pays out cash to investors, which is called a distribution. The distribution yield is approximately 1.05%. This number describes the cash payments relative to the current ETF price. These payments usually happen every three months (quarterly), though the fund paid out five times over the last 12 months.
NAV erosion explanation
"NAV erosion" refers to a decline in the value of the actual assets held within the ETF. It is different from just a falling market price. For this ETF, the erosion-risk score is 100, and the data shows "No price erosion detected." There is no severe erosion-risk flag for this fund.
Pros
• The ETF has shown positive price returns and total returns over the last year.
• The erosion-risk measurement is rated as "good," with no price erosion detected.
Cons
• The distribution yield is relatively low at approximately 1.05%.
• The list of holdings provided is only a partial list of the top companies in the fund.
Beginner takeaway
The GRPZ ETF focuses on small companies and has seen its share price and total value grow over the past year. While it pays out some cash through distributions, most of its recent growth has come from the increase in the share price itself.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | INSPIRE MEDICAL SYSTEMS INC | INSP | 2.59% |
| 2 | MILLROSE PROPERTIES INC CLASS A | MRP | 2.11% |
| 3 | DAVE INC ORDINARY SHARES CLASS A | DAVE | 2.03% |
| 4 | TG THERAPEUTICS INC | TGTX | 2.00% |
| 5 | TRANSMEDICS GROUP INC | TMDX | 2.00% |
| 6 | ADMA BIOLOGICS INC | ADMA | 1.86% |
| 7 | PALOMAR HOLDINGS INC | PLMR | 1.85% |
| 8 | TIDEWATER INC | TDW | 1.80% |
| 9 | ACADIA PHARMACEUTICALS INC | ACAD | 1.73% |
| 10 | CAL-MAINE FOODS INC | CALM | 1.66% |