Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
GARP vs IWF: how they differ
GARP and IWF hold 54% of their weight in the same names, and GARP returned more over the year.
iShares MSCI USA Quality GARP ETF and iShares Russell 1000 Growth ETF.
What they hold in common
By the books each fund has filed, GARP and IWF hold 54% of their money in the same securities at the same weight.
| Holding | GARP | IWF |
|---|---|---|
| APPLE INC | 4.44% | 6.72% |
| NVIDIA CORP | 4.16% | 13.85% |
| MICROSOFT CORP | 4.10% | 4.11% |
| BROADCOM INC | 3.96% | 5.21% |
| MICRON TECHNOLOGY INC | 6.07% | 3.86% |
| META PLATFORMS INC | 3.35% | 3.01% |
| ALPHABET INC | 2.88% | 6.18% |
| ELI LILLY & COMPANY | 3.73% | 2.84% |
| ADVANCED MICRO DEVICES INC | 2.21% | 2.80% |
| VISA INC | 3.73% | 1.68% |
| LAM RESEARCH CORP | 3.79% | 1.61% |
| MASTERCARD INC | 1.63% | 1.23% |
| Only in GARP | Only in IWF |
|---|---|
| ROYAL CARIBBEAN CRUISES LTD 1.46% | TESLA, INC. 3.65% |
| MERCADOLIBRE INC 1.40% | APPLIED MATERIALS, INC. 1.70% |
| FREEPORT-MCMORAN INC 0.59% | CATERPILLAR INC. 1.44% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 0.49% | SANDISK CORPORATION 0.98% |
| COEUR MINING INC 0.31% | TEXAS INSTRUMENTS INCORPORATED 0.80% |
| FLUTTER ENTERTAINMENT PLC 0.26% | THE HOME DEPOT, INC. 0.77% |
| EQT CORP 0.25% | WESTERN DIGITAL CORPORATION 0.64% |
| CITIZENS FINANCIAL GROUP INC 0.23% | CORNING INCORPORATED 0.60% |
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 | IWF iShares Russell 1000 Growth ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI USA Quality GARP | Russell 1000 growth |
| Total return, 1 year | +29.5% | +7.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +12.0 pts | −10.5 pts |
| Expense ratio | 0.15% | 0.18% |
| Already in the S&P 500 | 94.4% | 93.6% |
| Holdings | 131 | 368 |
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%.
IWF in plain words
IWF is an index equity fund tracking the Russell 1000 growth. Over the year to Sep 11, 2026 it returned +7.0% 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, 94% of the fund by weight is stocks the S&P 500 also holds, across 368 positions, with the top ten at 54.4%. It sat 5.0% below its high of Jun 1, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, GARP or IWF?
- In the year to Sep 12, 2026, with distributions reinvested, GARP returned +29.5% and IWF returned +7.0%, so GARP returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, GARP or IWF?
- GARP charges 0.15% a year and IWF charges 0.18%, so GARP is cheaper. Fees come from each fund's prospectus.
- How much do GARP and IWF overlap with the S&P 500?
- By their latest filed holdings, 94% of GARP and 94% of IWF by weight is stocks the S&P 500 already holds. Between the two funds, 54% 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 IWF, data as of Sep 12, 2026. https://etfiq.com/compare/any/GARP-IWF Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources