Launched on 06/17/2011, the Invesco S&P 500 GARP ETF (SPGP) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Growth segment of the US equity market.

The fund is sponsored by Invesco. It has amassed assets over $2.69 billion, making it one of the larger ETFs attempting to match the Large Cap Growth segment of the US equity market.

Large cap companies usually have a market capitalization above $10 billion. Overall, they are usually a stable option, with less risk and more sure-fire cash flows than mid and small cap companies.

Growth stocks have higher than average sales and earnings growth rates. While these are expected to grow faster than the broader market, they also have higher valuations. Something to keep in mind is the higher level of volatility that is affiliated with growth stocks. When you consider growth versus value, growth stocks are usually the clear winner in strong bull markets but tend to fall flat in nearly all other environments.

Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.

Annual operating expenses for this ETF are 0.36%, putting it on par with most peer products in the space.

It has a 12-month trailing dividend yield of 1.78%.

Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.

This ETF has heaviest allocation to the Energy sector–about 23.80% of the portfolio. Financials and Consumer Discretionary round out the top three.

Looking at individual holdings, Valero Energy Corp (VLO) accounts for about 2.33% of total assets, followed by Eog Resources Inc (EOG) and Marathon Petroleum Corp (MPC).

The top 10 holdings account for about 20.91% of total assets under management.

SPGP seeks to match the performance of the S&P 500 GROWTH AT A REASONABLE PRICE IDX before fees and expenses. The S&P 500 Growth at a Reasonable Price Index is composed of securities with strong growth characteristics selected from the Russell Top 200 Index.

The ETF has lost about -17.51% so far this year and is down about -17.22% in the last one year (as of 04/09/2025). In the past 52-week period, it has traded between $86.05 and $112.52.

The ETF has a beta of 1.02 and standard deviation of 18.87% for the trailing three-year period. With about 76 holdings, it effectively diversifies company-specific risk.