SPGP: Compelling Value, Growth, And Diversification, But Average Results

The Invesco S&P 500 GARP ETF offers a diversified 75-stock portfolio blending value and growth characteristics from the S&P 500 universe. SPGP features balanced sector exposure, superior earnings and sales growth rates, and lower valuation multiples compared to SPY. Despite matching SPY's long-term returns, SPGP has higher volatility, a lower Sharpe ratio, and recent underperformance versus both SPY and key competitor GARP.

Seeking Alpha • Dec 11, 2025

SPGP: Why This S&P 500 GARP ETF Looks Better With Less Energy Sector Exposure (Rating Upgrade)

SPGP's Energy sector exposure was dramatically reduced at its last semi-annual reconstitution, and this change was positive from both a GARP and earnings quality perspective. Importantly, SPGP also looks good from a forward GARP perspective, evidenced by its 17.10x forward P/E and 14.63% one-year estimated earnings per share growth rate. However, SPGP is still vulnerable to getting stuck in sectors whose growth rates are trending downward. This article explains why Technology, Financials, and Energy are the three to watch.

Seeking Alpha • Dec 12, 2025

Love your stock-index fund? It might be time to spice up your investment strategy.

There are easy and inexpensive ways to broaden your stock market exposure, even within the S&P 500.

Market Watch • Nov 25, 2025

GARP- Better Than SPGP, But Quality Doesn't Come Cheap

The iShares MSCI USA Quality GARP ETF (GARP) has outperformed the S&P 500 and MSCI USA index this year, delivering nearly 20% YTD returns. GARP's strategy combines growth, value, and quality metrics, resulting in strong total returns and risk-adjusted returns, coupled with a  relatively low expense ratio of 0.15%. The ETF is heavily weighted towards the technology sector, which boasts high growth prospects for 2026, but currently trades at elevated valuations.

Seeking Alpha • Oct 23, 2025

Should Invesco S&P 500 GARP ETF (SPGP) Be on Your Investing Radar?

The Invesco S&P 500 GARP ETF (SPGP) was launched on June 17, 2011, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Growth segment of the US equity market.

Zacks Investment Research • Oct 13, 2025

SPGP: Not A Long Term Investment, Maybe A Short-Term Hedge

Invesco S&P 500 GARP ETF is rated a hold due to consistent underperformance versus the S&P 500 and higher fees. SPGP's GARP strategy leads to high portfolio turnover, sector concentration in cyclicals, and less tech exposure compared to VOO. Despite a slightly higher dividend yield, SPGP's risk-adjusted returns and volatility metrics are inferior to VOO across all timeframes.

Seeking Alpha • Sep 21, 2025

Is Invesco S&P 500 GARP ETF the Smartest Way to Invest in the S&P 500?

The S&P 500 is what just about everyone uses to monitor the performance of the U.S. stock market. That makes sense given its broad representation of the U.S. economy, but does that mean it is the smartest way to invest in stocks?

The Motley Fool • Jul 17, 2025

SPGP: Growth With Attractive Valuations

SPGP blends growth with attractive valuations, offering a mid-cap and sector-diversified alternative to mega-cap heavy growth funds. The fund trades at a significant discount to peers, with strong historical and forecast EPS growth but slightly lower profitability metrics compared to the S&P 500. SPGP has lagged peers and the S&P 500 in bull markets but shows better downside resilience and lower volatility than most growth ETFs.

Seeking Alpha • Jul 12, 2025

SPGP: Not Exactly The Best GARP Pick For Your Portfolio

SPGP starts with strong foundations and an intriguing GARP selection strategy. The selection results offer a mix of low P/E ratios, positive EPS CAGR, and competitive ROE. But the lack of a forward-looking approach and weak FCF screening criteria make it less competitive compared to other solutions.

Seeking Alpha • Jul 11, 2025

SPGP: A GARP ETF That Doesn't Pass The Growth Test (Rating Downgrade)

SPGP targets 75 S&P 500 Index stocks with attractive growth-at-a-reasonable-price metrics. Its expense ratio is 0.75% and the ETF has $2.80 billion in assets under management. The Index relies on three-year historical sales and earnings growth rates to calculate growth scores, a process which is vulnerable to timing differences and changes in analyst expectations. The current portfolio is a prime example. While its growth/value combination is solid from a historical perspective, it's quite bleak on a forward-looking basis.

Seeking Alpha • May 2, 2025