Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
GARP vs IEMG: how they differ
GARP and IEMG hold 0% of their weight in the same names, and IEMG returned more over the year.
iShares MSCI USA Quality GARP ETF and iShares Core MSCI Emerging Markets ETF.
What they hold in common
By the books each fund has filed, GARP and IEMG hold 0% of their money in the same securities at the same weight.
| Only in GARP | Only in IEMG |
|---|---|
| KLA CORP 6.46% | Taiwan Semiconductor Manufacturing Compa 12.52% |
| MICRON TECHNOLOGY INC 6.07% | SK hynix Inc. 5.83% |
| APPLE INC 4.44% | Tencent Holdings Limited 2.38% |
| NVIDIA CORP 4.16% | Alibaba Group Holding Limited 1.83% |
| MICROSOFT CORP 4.10% | MediaTek Inc. 1.42% |
| BROADCOM INC 3.96% | DELTA ELECTRONICS, INC. 1.03% |
| LAM RESEARCH CORP 3.79% | HON HAI PRECISION INDUSTRY CO., LTD. 0.79% |
| ELI LILLY & COMPANY 3.73% | Samsung Electronics Co., Ltd. 0.74% |
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.
| GARP iShares MSCI USA Quality GARP ETF | IEMG iShares Core MSCI Emerging Markets ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI USA Quality GARP | Core MSCI Emerging Markets |
| Total return, 1 year | +29.5% | +30.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +12.0 pts | +13.1 pts |
| Expense ratio | 0.15% | 0.09% |
| Already in the S&P 500 | 94.4% | 0.0% |
| Holdings | 131 | 2695 |
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%.
IEMG in plain words
IEMG is an index equity fund tracking the Core MSCI Emerging Markets. Over the year to Sep 11, 2026 it returned +30.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for May 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2695 positions, with the top ten at 34.1%. It sat 4.0% below its high of Jun 22, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, GARP or IEMG?
- In the year to Sep 12, 2026, with distributions reinvested, GARP returned +29.5% and IEMG returned +30.6%, so IEMG returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, GARP or IEMG?
- GARP charges 0.15% a year and IEMG charges 0.09%, so IEMG is cheaper. Fees come from each fund's prospectus.
- How much do GARP and IEMG overlap with the S&P 500?
- By their latest filed holdings, 94% of GARP and 0% of IEMG by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
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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, GARP against IEMG, data as of Sep 12, 2026. https://etfiq.com/compare/any/GARP-IEMG Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources