Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
GARP vs JAAA: how they differ
GARP and JAAA hold 0% of their weight in the same names, and GARP returned more over the year.
iShares MSCI USA Quality GARP ETF and Janus Henderson AAA CLO ETF.
What they hold in common
By the books each fund has filed, GARP and JAAA hold 0% of their money in the same securities at the same weight.
| Only in GARP | Only in JAAA |
|---|---|
| KLA CORP 6.46% | KKR CLO 35 Ltd. 0.96% |
| MICRON TECHNOLOGY INC 6.07% | AB BSL CLO 1 Ltd. 0.88% |
| APPLE INC 4.44% | Anchorage Capital CLO 16 Ltd. 0.82% |
| NVIDIA CORP 4.16% | Anchorage Capital CLO 17 Ltd. 0.80% |
| MICROSOFT CORP 4.10% | Carlyle US CLO Ltd. 0.70% |
| BROADCOM INC 3.96% | Carlyle US CLO Ltd. 0.67% |
| LAM RESEARCH CORP 3.79% | Regatta XIX Funding Ltd. 0.67% |
| ELI LILLY & COMPANY 3.73% | Magnetite XXXII Ltd. 0.67% |
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 Apr 30, 2026 and Jun 30, 2026.
| GARP iShares MSCI USA Quality GARP ETF | JAAA Janus Henderson AAA CLO ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Janus |
| What it is | MSCI USA Quality GARP | Henderson AAA CLO |
| Total return, 1 year | +29.5% | +4.9% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +12.0 pts | −12.6 pts |
| Expense ratio | 0.15% | 0.20% |
| Already in the S&P 500 | 94.4% | 0.0% |
| Holdings | 131 | 600 |
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%.
JAAA in plain words
JAAA is an index equity fund tracking the Henderson AAA CLO. Over the year to Sep 11, 2026 it returned +4.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.20% a year. By its holdings filed for Apr 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 600 positions, with the top ten at 7.5%.
Questions people ask
- Which returned more over the last year, GARP or JAAA?
- In the year to Sep 12, 2026, with distributions reinvested, GARP returned +29.5% and JAAA returned +4.9%, so GARP returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, GARP or JAAA?
- GARP charges 0.15% a year and JAAA charges 0.20%, so GARP is cheaper. Fees come from each fund's prospectus.
- How much do GARP and JAAA overlap with the S&P 500?
- By their latest filed holdings, 94% of GARP and 0% of JAAA 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 JAAA, data as of Sep 12, 2026. https://etfiq.com/compare/any/GARP-JAAA Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources