Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
GARP vs SPHQ: how they differ
GARP and SPHQ hold 25% of their weight in the same names, and GARP returned more over the year.
iShares MSCI USA Quality GARP ETF and Invesco S&P 500 Quality ETF.
What they hold in common
By the books each fund has filed, GARP and SPHQ hold 25% of their money in the same securities at the same weight.
| Holding | GARP | SPHQ |
|---|---|---|
| APPLE INC | 4.44% | 4.51% |
| LAM RESEARCH CORP | 3.79% | 4.10% |
| VISA INC | 3.73% | 4.69% |
| KLA CORP | 6.46% | 3.27% |
| GE AEROSPACE | 2.13% | 4.16% |
| MASTERCARD INC | 1.63% | 4.32% |
| ADOBE INC | 2.71% | 1.45% |
| FORTINET INC | 3.16% | 0.85% |
| APPLOVIN CORP | 0.83% | 1.56% |
| AIRBNB INC | 1.10% | 0.60% |
| EMCOR GROUP INC | 0.47% | 0.47% |
| IDEXX LABORATORIES INC | 0.38% | 0.61% |
| Only in GARP | Only in SPHQ |
|---|---|
| MICRON TECHNOLOGY INC 6.07% | Costco Wholesale Corp. 4.82% |
| NVIDIA CORP 4.16% | Caterpillar Inc. 3.78% |
| MICROSOFT CORP 4.10% | Cisco Systems, Inc. 3.54% |
| BROADCOM INC 3.96% | Procter & Gamble Co. (The) 3.46% |
| ELI LILLY & COMPANY 3.73% | Coca-Cola Co. (The) 3.34% |
| META PLATFORMS INC 3.35% | Merck & Co., Inc. 2.87% |
| ALPHABET INC 2.88% | Applied Materials, Inc. 2.80% |
| NETFLIX INC 2.85% | Gilead Sciences, Inc. 2.28% |
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 | SPHQ Invesco S&P 500 Quality ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Invesco |
| What it is | MSCI USA Quality GARP | S&P 500 Quality |
| Total return, 1 year | +29.5% | +17.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +12.0 pts | −0.1 pts |
| Expense ratio | 0.15% | 0.15% |
| Already in the S&P 500 | 94.4% | 99.9% |
| Holdings | 131 | 99 |
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%.
SPHQ in plain words
SPHQ is an index equity fund tracking the S&P 500 Quality. Over the year to Sep 11, 2026 it returned +17.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. By its holdings filed for Apr 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 40.7%. It sat 6.1% below its high of Jun 30, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, GARP or SPHQ?
- In the year to Sep 12, 2026, with distributions reinvested, GARP returned +29.5% and SPHQ returned +17.4%, so GARP returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, GARP or SPHQ?
- GARP charges 0.15% a year and SPHQ charges 0.15%, so GARP is cheaper. Fees come from each fund's prospectus.
- How much do GARP and SPHQ overlap with the S&P 500?
- By their latest filed holdings, 94% of GARP and 100% of SPHQ by weight is stocks the S&P 500 already holds. Between the two funds, 25% 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 SPHQ, data as of Sep 12, 2026. https://etfiq.com/compare/any/GARP-SPHQ Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources