SPGP vs TMSL: Differences, Returns & Fees
SPGP and TMSL hold 1% of their weight in the same names, and TMSL returned +16.9% over the year. Net assets on Oct 20, 2026: $2.1bn for Invesco S&P 500 GARP ETF and $3.1bn for T. Rowe Price Small-Mid Cap ETF.
SPGP costs 0.21 points a year less; their one-year returns differ by 6.9 points; TMSL is 1.5 times larger.
| SPGP | TMSL | |
|---|---|---|
| Expense ratio | 0.34% | 0.55% |
| Net assets | $2.1bn | $3.1bn |
| Total return, 1 year | +10.0% | +16.9% |
| What it tracks | S&P 500 GARP Index | No index, actively managed |
| Holdings in common | 1% | |
| Top ten holdings, share of the fund | 20.4% | 9.8% |
| Below its high | 4.0%, high on Aug 13, 2026 | 8.3%, high on Aug 14, 2026 |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 19, 2026.
What they hold in common
By the books each fund has filed, SPGP and TMSL hold 1% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 19, 2026.
half
1% in common
On the same fields
SPGP and TMSL on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About SPGP
SPGP tracks an index. Over the year to Oct 20, 2026 it returned +10.0% with distributions reinvested, against +15.9% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.34% a year. By its holdings published by its issuer for Oct 19, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 76 positions, with the top ten at 20.4%. It sat 4.0% below its high of Aug 13, 2026 on Oct 20, 2026.
About TMSL
TMSL is actively managed and tracks no index. The prospectus expense ratio is 0.55% a year. By its holdings filed for Jun 30, 2026, 15% of the fund by weight is stocks the S&P 500 also holds, across 297 positions, with the top ten at 9.8%. It sat 8.3% below its high of Aug 14, 2026 on Oct 20, 2026.
Over the year to Oct 20, 2026 it returned +16.9% with distributions reinvested, against +15.0% for its benchmark, the Russell 3000 Index.
Questions people ask
- Which returned more over the last year, SPGP or TMSL?
- In the year to Oct 20, 2026, with distributions reinvested, SPGP returned +10.0% and TMSL +16.9%.
- Which is cheaper, SPGP or TMSL?
- SPGP is cheaper, by 0.21 percentage points a year. That is about $21 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, SPGP against TMSL, data as of Oct 20, 2026. https://etfiq.com/compare/any/spgp-vs-tmsl
ETFIQ. (Oct 20, 2026). SPGP against TMSL. Retrieved from https://etfiq.com/compare/any/spgp-vs-tmsl
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