Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
GARP vs IWB: how they differ
GARP and IWB hold 40% of their weight in the same names, and GARP returned more over the year.
iShares MSCI USA Quality GARP ETF and iShares Russell 1000 ETF.
What they hold in common
By the books each fund has filed, GARP and IWB hold 40% of their money in the same securities at the same weight.
| Holding | GARP | IWB |
|---|---|---|
| APPLE INC | 4.44% | 6.03% |
| NVIDIA CORP | 4.16% | 6.73% |
| MICROSOFT CORP | 4.10% | 4.00% |
| ALPHABET INC | 2.88% | 3.00% |
| BROADCOM INC | 3.96% | 2.54% |
| MICRON TECHNOLOGY INC | 6.07% | 1.88% |
| META PLATFORMS INC | 3.35% | 1.79% |
| AMAZON.COM INC | 1.49% | 3.33% |
| ELI LILLY & COMPANY | 3.73% | 1.38% |
| ADVANCED MICRO DEVICES INC | 2.21% | 1.36% |
| ALPHABET INC | 0.91% | 2.42% |
| VISA INC | 3.73% | 0.82% |
| Only in GARP | Only in IWB |
|---|---|
| ROYAL CARIBBEAN CRUISES LTD 1.46% | TESLA, INC. 1.77% |
| MERCADOLIBRE INC 1.40% | BERKSHIRE HATHAWAY INC. 1.34% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 0.49% | JPMORGAN CHASE & CO. 1.26% |
| FLUTTER ENTERTAINMENT PLC 0.26% | INTEL CORPORATION 0.88% |
| FABRINET 0.14% | JOHNSON & JOHNSON 0.88% |
| EVEREST GROUP LTD 0.11% | APPLIED MATERIALS, INC. 0.83% |
| CREDO TECHNOLOGY GROUP HOLDING LTD 0.11% | EXXON MOBIL CORPORATION 0.82% |
| TECHNIPFMC PLC 0.10% | WALMART INC. 0.72% |
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.
| GARP iShares MSCI USA Quality GARP ETF | IWB iShares Russell 1000 ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI USA Quality GARP | Russell 1000 |
| Total return, 1 year | +29.5% | +16.7% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +12.0 pts | −0.8 pts |
| Expense ratio | 0.15% | 0.15% |
| Already in the S&P 500 | 94.4% | 91.9% |
| Holdings | 131 | 1024 |
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%.
IWB in plain words
IWB is an index equity fund tracking the Russell 1000. Over the year to Sep 11, 2026 it returned +16.7% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. By its holdings filed for Jun 30, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1024 positions, with the top ten at 33.5%.
Questions people ask
- Which returned more over the last year, GARP or IWB?
- In the year to Sep 12, 2026, with distributions reinvested, GARP returned +29.5% and IWB returned +16.7%, so GARP returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, GARP or IWB?
- GARP charges 0.15% a year and IWB charges 0.15%, so GARP is cheaper. Fees come from each fund's prospectus.
- How much do GARP and IWB overlap with the S&P 500?
- By their latest filed holdings, 94% of GARP and 92% of IWB by weight is stocks the S&P 500 already holds. Between the two funds, 40% 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, GARP against IWB, data as of Sep 12, 2026. https://etfiq.com/compare/any/GARP-IWB Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources