Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
GARP vs IWD: how they differ
GARP and IWD hold 15% of their weight in the same names, and GARP returned more over the year.
iShares MSCI USA Quality GARP ETF and iShares Russell 1000 Value ETF.
What they hold in common
By the books each fund has filed, GARP and IWD hold 15% of their money in the same securities at the same weight.
| Holding | GARP | IWD |
|---|---|---|
| APPLE INC | 4.44% | 5.38% |
| MICROSOFT CORP | 4.10% | 3.89% |
| AMAZON.COM INC | 1.49% | 5.95% |
| META PLATFORMS INC | 3.35% | 0.63% |
| CITIGROUP INC | 0.62% | 0.57% |
| UBER TECHNOLOGIES INC | 0.70% | 0.36% |
| DELL TECHNOLOGIES INC | 0.61% | 0.32% |
| FREEPORT-MCMORAN INC | 0.59% | 0.25% |
| CONSTELLATION ENERGY CORP | 0.30% | 0.21% |
| VALERO ENERGY CORP | 0.20% | 0.19% |
| PHILLIPS 66 | 0.88% | 0.18% |
| BOSTON SCIENTIFIC CORP | 0.17% | 0.18% |
| Only in GARP | Only in IWD |
|---|---|
| KLA CORP 6.46% | BERKSHIRE HATHAWAY INC. 2.62% |
| MICRON TECHNOLOGY INC 6.07% | JPMORGAN CHASE & CO. 2.46% |
| NVIDIA CORP 4.16% | INTEL CORPORATION 1.72% |
| BROADCOM INC 3.96% | JOHNSON & JOHNSON 1.72% |
| LAM RESEARCH CORP 3.79% | EXXON MOBIL CORPORATION 1.60% |
| ELI LILLY & COMPANY 3.73% | CISCO SYSTEMS, INC. 1.30% |
| VISA INC 3.73% | WALMART INC. 1.28% |
| FORTINET INC 3.16% | ABBVIE INC. 1.15% |
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 | IWD iShares Russell 1000 Value ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI USA Quality GARP | Russell 1000 value |
| Total return, 1 year | +29.5% | +27.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +12.0 pts | +9.9 pts |
| Expense ratio | 0.15% | 0.18% |
| Already in the S&P 500 | 94.4% | 90.2% |
| Holdings | 131 | 870 |
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%.
IWD in plain words
IWD is an index equity fund tracking the Russell 1000 value. Over the year to Sep 11, 2026 it returned +27.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.18% a year. By its holdings filed for Jun 30, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 870 positions, with the top ten at 27.9%.
Questions people ask
- Which returned more over the last year, GARP or IWD?
- In the year to Sep 12, 2026, with distributions reinvested, GARP returned +29.5% and IWD returned +27.4%, so GARP returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, GARP or IWD?
- GARP charges 0.15% a year and IWD charges 0.18%, so GARP is cheaper. Fees come from each fund's prospectus.
- How much do GARP and IWD overlap with the S&P 500?
- By their latest filed holdings, 94% of GARP and 90% of IWD by weight is stocks the S&P 500 already holds. Between the two funds, 15% 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 IWD, data as of Sep 12, 2026. https://etfiq.com/compare/any/GARP-IWD Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources