Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
FNDX vs GARP: how they differ
FNDX and GARP hold 23% of their weight in the same names, and GARP returned more over the year.
Schwab Fundamental U.S. Large Company ETF and iShares MSCI USA Quality GARP ETF.
What they hold in common
By the books each fund has filed, FNDX and GARP hold 23% of their money in the same securities at the same weight.
| Holding | FNDX | GARP |
|---|---|---|
| Apple Inc | 4.64% | 4.44% |
| Alphabet Inc | 2.38% | 2.88% |
| Microsoft Corp | 2.33% | 4.10% |
| Micron Technology Inc | 1.60% | 6.07% |
| Amazon.com Inc | 1.86% | 1.49% |
| Meta Platforms Inc | 1.24% | 3.35% |
| Alphabet Inc | 1.90% | 0.91% |
| Broadcom Inc | 0.65% | 3.96% |
| Citigroup Inc | 0.85% | 0.62% |
| NVIDIA Corp | 0.55% | 4.16% |
| Phillips 66 | 0.47% | 0.88% |
| Lam Research Corp | 0.41% | 3.79% |
| Only in FNDX | Only in GARP |
|---|---|
| Intel Corp 2.57% | PALANTIR TECHNOLOGIES INC 1.78% |
| Exxon Mobil Corp 2.29% | ROYAL CARIBBEAN CRUISES LTD 1.46% |
| Chevron Corp 1.49% | MERCADOLIBRE INC 1.40% |
| Berkshire Hathaway Inc 1.41% | APPLOVIN CORP 0.83% |
| JPMorgan Chase & Co 1.38% | DOORDASH INC 0.62% |
| UnitedHealth Group Inc 1.37% | SEAGATE TECHNOLOGY HOLDINGS PLC 0.49% |
| Walmart Inc 1.01% | COMFORT SYSTEMS USA INC 0.44% |
| Verizon Communications Inc 0.99% | CROWDSTRIKE HOLDINGS INC 0.44% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and May 31, 2026.
| FNDX Schwab Fundamental U.S. Large Company ETF | GARP iShares MSCI USA Quality GARP ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Schwab | iShares |
| What it is | Fundamental U.S. Large Company | MSCI USA Quality GARP |
| Total return, 1 year | +26.1% | +29.5% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +8.6 pts | +12.0 pts |
| Expense ratio | 0.25% | 0.15% |
| Already in the S&P 500 | 91.2% | 94.4% |
| Holdings | 733 | 131 |
FNDX in plain words
FNDX is an index equity fund tracking the Fundamental U.S. Large Company. Over the year to Sep 11, 2026 it returned +26.1% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.25% a year. By its holdings filed for May 31, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 733 positions, with the top ten at 22.5%.
GARP in plain words
GARP is an index equity fund tracking the MSCI USA Quality GARP. Over the year to Sep 11, 2026 it returned +29.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jun 30, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 131 positions, with the top ten at 43.8%.
Questions people ask
- Which returned more over the last year, FNDX or GARP?
- In the year to Sep 12, 2026, with distributions reinvested, FNDX returned +26.1% and GARP returned +29.5%, so GARP returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, FNDX or GARP?
- FNDX charges 0.25% a year and GARP charges 0.15%, so GARP is cheaper. Fees come from each fund's prospectus.
- How much do FNDX and GARP overlap with the S&P 500?
- By their latest filed holdings, 91% of FNDX and 94% of GARP by weight is stocks the S&P 500 already holds. Between the two funds, 23% of their books are the same securities at the same weight.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, FNDX against GARP, data as of Sep 12, 2026. https://etfiq.com/compare/any/FNDX-GARP Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources