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GRPMvsFSMDETF Comparison

ETF 1

GRPM

Invesco S&P MidCap 400 GARP ETF

This fund is part of

US Multi-Factor

-0.62%

Full GRPM fund page

VS

ETF 2

FSMD

Fidelity Small-Mid Multifactor ETF

This fund is part of

US Multi-Factor

-0.62%

Full FSMD fund page

Invesco S&P MidCap 400 GARP ETF (GRPM) and Fidelity Small-Mid Multifactor ETF (FSMD) belong to the same industry segment: US Multi-Factor. GRPM's top 3 sector exposures are Finance, Energy and Technology. In contrast, FSMD's top sector exposures are Finance, Technology and Industrials. GRPM is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.15% for FSMD. GRPM is up 11.55% year-to-date (YTD) with -$67M in YTD flows. FSMD performs better with 15.84% YTD performance, and +$284M in YTD flows. Run a side-by-side ETF comparison of GRPM and FSMD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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GRPM vs FSMD performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 07/17/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	GRPM FSMD	+4.99%-0.15%	+6.53%+4.46%	+11.55%+15.84%	+18.54%+22.16%	+46.81%+54.88%	+60.74%+67.95%
Flows	GRPM FSMD	-$153M+$26M	-$35M+$61M	-$67M+$284M	-$61M+$513M	+$141M+$1.87B	+$236M+$1.92B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	GRPM FSMD	+12.55%+15.88%	+15.78%+15.40%	+19.87%+17.03%	+20.78%+18.30%
Max drawdown	GRPM FSMD	-2.85%-4.15%	-7.71%-8.28%	-27.87%-22.27%	-27.87%-22.27%
Max drawdown duration	GRPM FSMD	23d17d	66d43d	421d289d	421d289d

Trading data

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	GRPM	FSMD
Last sale 7/17/2026 at 1:30 PM	$132.90	$50.76
Previous close 07/16/2026	$133.41	$51.07
Consolidated volume 07/16/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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	GRPM	FSMD
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/17/2026 at 1:30 PM

Live

Closed

	GRPM	FSMD
Last price	$132.90	$50.76
1D performance	-0.38%	-0.61%
AuM	$479.91 M	$2.50 B
E/R	0.35%	0.15%

Characteristics

	GRPM	FSMD
Management strategy	Passive	Passive
Provider	Invesco	Fidelity
Benchmark	S&P MidCap 400 GARP Index	Fidelity Small-Mid Multifactor Index
N° of holdings	58	590
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	December 3, 2010	February 26, 2019
ESG	No	No

More GRPM data on Trackinsight

More FSMD data on Trackinsight

Exposure

Countries

GRPM

USA

92.91%

Other

7.09%

FSMD

USA

95.56%

Other

4.44%

Sectors

GRPM

Finance

32.95%

Energy

13.48%

Technology

12.38%

Healthcare

12.28%

Industrials

7.86%

Other

21.04%

FSMD

Finance

21.59%

Technology

19.04%

Industrials

16.87%

Healthcare

11.43%

Non-Energy Materi.

7.77%

Other

23.3%

Diversification

GRPM

Total weight of top 15 holdings out of 15

38.54%

FSMD

Total weight of top 15 holdings out of 15

12.3%

Top 15 holdings

Data as of May 31, 2026

GRPM

Lantheus Holdings, Inc.

4.32%

Sterling Infrastructure, Inc.

3.47%

Rambus, Inc.

3.04%

Carpenter Technology Corp.

2.83%

Valaris Ltd.

2.78%

TechnipFMC plc

2.75%

RenaissanceRe Holdings Ltd.

2.66%

Permian Resources Corp.

2.64%

Halozyme Therapeutics, Inc.

2.25%

East West Bancorp, Inc.

2.16%

Bank OZK

2.10%

NOV, Inc.

1.96%

Visteon Corp.

1.86%

Dynatrace, Inc.

1.86%

UMB Financial Corp.

1.85%

FSMD

Sandisk Corp.

3.17%

Ciena Corp.

1.17%

Comfort Systems USA, Inc.

0.96%

Lumentum Holdings, Inc.

0.91%

Coherent Corp.

0.87%

Flex Ltd.

0.84%

Anglogold Ashanti Plc

0.59%

EMCOR Group, Inc.

0.56%

Casey's General Stores, Inc.

0.50%

Revolution Medicines, Inc.

0.49%

Tapestry, Inc.

0.48%

Sterling Infrastructure, Inc.

0.45%

TechnipFMC plc

0.45%

MACOM Technology Solutions Holdings, Inc.

0.44%

Curtiss-Wright Corp.

0.42%

Frequently asked questions about GRPM and FSMD

How have the GRPM and FSMD ETFs performed in 2026?

As of July 17, 2026, GRPM is up 11.55% year-to-date (YTD), while FSMD has returned 15.84%. That puts FSMD better performer ahead so far this year.

Which ETF is attracting more investor money: GRPM or FSMD?

Year-to-date, the GRPM ETF saw -$67M in flows, compared to +$284M for FSMD.

Which ETF is more volatile: GRPM or FSMD?

Over the past year, GRPM had a volatility of 15.78%, while FSMD experienced 15.4%.

Which ETF is bigger: GRPM or FSMD?

As of July 17, 2026, GRPM holds $479.91 M in assets under management (AUM), while FSMD manages $2.50 B.

What sectors do the GRPM and FSMD ETFs invest in?

GRPM leans toward sectors like Finance, Energy and Technology. Meanwhile, FSMD focuses on Finance, Technology and Industrials.

What are the top holdings of the GRPM ETF and FSMD ETF?

GRPM top holdings include Lantheus Holdings, Inc., Sterling Infrastructure, Inc. and Rambus, Inc.. FSMD holds in its top three: Sandisk Corp., Ciena Corp. and Comfort Systems USA, Inc..

GRPMvsFSMDETF Comparison

Invesco S&P MidCap 400 GARP ETF

Fidelity Small-Mid Multifactor ETF

GRPM vs FSMD performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the GRPM and FSMD ETFs performed in 2026?

As of July 17, 2026, GRPM is up 11.55% year-to-date (YTD), while FSMD has returned 15.84%. That puts FSMD better performer ahead so far this year.

Which ETF is attracting more investor money: GRPM or FSMD?

Year-to-date, the GRPM ETF saw -$67M in flows, compared to +$284M for FSMD.

Which ETF is more volatile: GRPM or FSMD?

Over the past year, GRPM had a volatility of 15.78%, while FSMD experienced 15.4%.

Which ETF is bigger: GRPM or FSMD?

As of July 17, 2026, GRPM holds $479.91 M in assets under management (AUM), while FSMD manages $2.50 B.

What sectors do the GRPM and FSMD ETFs invest in?

GRPM leans toward sectors like Finance, Energy and Technology. Meanwhile, FSMD focuses on Finance, Technology and Industrials.

What are the top holdings of the GRPM ETF and FSMD ETF?

GRPM top holdings include Lantheus Holdings, Inc., Sterling Infrastructure, Inc. and Rambus, Inc.. FSMD holds in its top three: Sandisk Corp., Ciena Corp. and Comfort Systems USA, Inc..

Which ETF is more diversified: GRPM or FSMD?

GRPM holds 58 securities with 38.54% of its assets in the top 15. FSMD has 590 securities and a top 15 weight of 12.3%.

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