Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
GARP vs VO: how they differ
GARP and VO hold 13% of their weight in the same names, and GARP returned more over the year.
iShares MSCI USA Quality GARP ETF and Vanguard Mid-Cap Index Fund.
What they hold in common
By the books each fund has filed, GARP and VO hold 13% of their money in the same securities at the same weight.
| Holding | GARP | VO |
|---|---|---|
| QUANTA SERVICES INC | 1.37% | 1.05% |
| HOWMET AEROSPACE INC | 0.69% | 1.04% |
| PHILLIPS 66 | 0.88% | 0.66% |
| DOORDASH INC | 0.62% | 0.66% |
| TERADYNE INC | 0.53% | 0.73% |
| FORTINET INC | 3.16% | 0.46% |
| CHENIERE ENERGY INC | 0.45% | 0.49% |
| COMFORT SYSTEMS USA INC | 0.44% | 0.68% |
| CHIPOTLE MEXICAN GRILL INC | 0.40% | 0.42% |
| AUTODESK INC | 0.58% | 0.40% |
| CARVANA COMPANY | 0.39% | 0.43% |
| IDEXX LABORATORIES INC | 0.38% | 0.40% |
| Only in GARP | Only in VO |
|---|---|
| KLA CORP 6.46% | Western Digital Corp 1.07% |
| MICRON TECHNOLOGY INC 6.07% | Seagate Technology Holdings PLC 1.05% |
| APPLE INC 4.44% | Cummins Inc 0.95% |
| NVIDIA CORP 4.16% | Royal Caribbean Cruises Ltd 0.74% |
| MICROSOFT CORP 4.10% | TransDigm Group Inc 0.72% |
| BROADCOM INC 3.96% | CRH PLC 0.69% |
| LAM RESEARCH CORP 3.79% | United Rentals Inc 0.69% |
| ELI LILLY & COMPANY 3.73% | General Motors Co 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 Jun 30, 2026.
| GARP iShares MSCI USA Quality GARP ETF | VO Vanguard Mid-Cap Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Vanguard |
| What it is | MSCI USA Quality GARP | Mid-Cap |
| Total return, 1 year | +29.5% | +12.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +12.0 pts | −5.5 pts |
| Expense ratio | 0.15% | 0.03% |
| Already in the S&P 500 | 94.4% | 91.4% |
| Holdings | 131 | 282 |
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%.
VO in plain words
VO is an index equity fund tracking the Mid-Cap. Over the year to Sep 11, 2026 it returned +12.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.03% a year. By its holdings filed for Jun 30, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 282 positions, with the top ten at 9.6%. It sat 4.1% below its high of Aug 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, GARP or VO?
- In the year to Sep 12, 2026, with distributions reinvested, GARP returned +29.5% and VO returned +12.0%, so GARP returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, GARP or VO?
- GARP charges 0.15% a year and VO charges 0.03%, so VO is cheaper. Fees come from each fund's prospectus.
- How much do GARP and VO overlap with the S&P 500?
- By their latest filed holdings, 94% of GARP and 91% of VO by weight is stocks the S&P 500 already holds. Between the two funds, 13% 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 VO, data as of Sep 12, 2026. https://etfiq.com/compare/any/GARP-VO Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources