Get the weekly note

Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

GARP vs USFR: how they differ

GARP and USFR hold 0% of their weight in the same names, and GARP returned more over the year.

iShares MSCI USA Quality GARP ETF and WisdomTree Floating Rate Treasury Fund.

What they hold in common

By the books each fund has filed, GARP and USFR hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in GARPOnly in USFR
KLA CORP 6.46%UNITED STATES OF AMERICA - BUREAU OF THE 28.04%
MICRON TECHNOLOGY INC 6.07%UNITED STATES OF AMERICA - BUREAU OF THE 28.01%
APPLE INC 4.44%UNITED STATES OF AMERICA - BUREAU OF THE 28.00%
NVIDIA CORP 4.16%UNITED STATES OF AMERICA - BUREAU OF THE 15.95%
MICROSOFT CORP 4.10%
BROADCOM INC 3.96%
LAM RESEARCH CORP 3.79%
ELI LILLY & COMPANY 3.73%

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 and May 31, 2026.

GARP and USFR on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
GARP
iShares MSCI USA Quality GARP ETF
USFR
WisdomTree Floating Rate Treasury Fund
Where it sitsCore index fundCore index fund
IssueriSharesWisdomTree
What it isMSCI USA Quality GARPFloating Rate Treasury
Total return, 1 year+29.5%+4.1%
S&P 500 over the same days+17.5%+17.5%
Gap to the S&P 500+12.0 pts−13.4 pts
Expense ratio0.15%0.15%
Holdings1314

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%.

USFR in plain words

USFR is a bond fund tracking the Floating Rate Treasury. Over the year to Sep 11, 2026 it returned +4.1% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100.

Questions people ask

Which returned more over the last year, GARP or USFR?
In the year to Sep 12, 2026, with distributions reinvested, GARP returned +29.5% and USFR returned +4.1%, so GARP returned more. One year is one year; the longer windows are in the table.
Which is cheaper, GARP or USFR?
GARP charges 0.15% a year and USFR charges 0.15%, so GARP is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where to next

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.

GARP against USFR, ETFIQ, data as of Sep 12, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, GARP against USFR, data as of Sep 12, 2026. https://etfiq.com/compare/any/GARP-USFR Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources