Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
GARP vs VOE: how they differ
GARP and VOE hold 2% of their weight in the same names, and GARP returned more over the year.
iShares MSCI USA Quality GARP ETF and Vanguard Mid-Cap Value Index Fund.
What they hold in common
By the books each fund has filed, GARP and VOE hold 2% of their money in the same securities at the same weight.
| Holding | GARP | VOE |
|---|---|---|
| PHILLIPS 66 | 0.88% | 1.18% |
| CHENIERE ENERGY INC | 0.45% | 0.87% |
| CITIZENS FINANCIAL GROUP INC | 0.23% | 0.49% |
| VALERO ENERGY CORP | 0.20% | 1.34% |
| EQT CORP | 0.25% | 0.14% |
| FORD MOTOR CO | 0.14% | 0.94% |
| NEWMONT CORP | 0.13% | 0.86% |
| MARATHON PETROLEUM CORP | 0.10% | 1.29% |
| DELTA AIR LINES INC | 0.08% | 1.01% |
| CENTENE CORP | 0.08% | 0.28% |
| UNITED AIRLINES HOLDINGS INC | 0.06% | 0.77% |
| Only in GARP | Only in VOE |
|---|---|
| KLA CORP 6.46% | Cummins Inc 1.71% |
| MICRON TECHNOLOGY INC 6.07% | CRH PLC 1.24% |
| APPLE INC 4.44% | United Rentals Inc 1.23% |
| NVIDIA CORP 4.16% | General Motors Co 1.21% |
| MICROSOFT CORP 4.10% | SLB Ltd 1.21% |
| BROADCOM INC 3.96% | Simon Property Group Inc 1.20% |
| LAM RESEARCH CORP 3.79% | Warner Bros Discovery Inc 1.10% |
| ELI LILLY & COMPANY 3.73% | PACCAR Inc 1.10% |
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 | VOE Vanguard Mid-Cap Value Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Vanguard |
| What it is | MSCI USA Quality GARP | Mid-Cap Value |
| Total return, 1 year | +29.5% | +20.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +12.0 pts | +2.7 pts |
| Expense ratio | 0.15% | 0.05% |
| Already in the S&P 500 | 94.4% | 96.6% |
| Holdings | 131 | 170 |
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%.
VOE in plain words
VOE is an index equity fund tracking the Mid-Cap Value. Over the year to Sep 11, 2026 it returned +20.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. By its holdings filed for Jun 30, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 170 positions, with the top ten at 12.7%.
Questions people ask
- Which returned more over the last year, GARP or VOE?
- In the year to Sep 12, 2026, with distributions reinvested, GARP returned +29.5% and VOE returned +20.2%, so GARP returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, GARP or VOE?
- GARP charges 0.15% a year and VOE charges 0.05%, so VOE is cheaper. Fees come from each fund's prospectus.
- How much do GARP and VOE overlap with the S&P 500?
- By their latest filed holdings, 94% of GARP and 97% of VOE by weight is stocks the S&P 500 already holds. Between the two funds, 2% 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 VOE, data as of Sep 12, 2026. https://etfiq.com/compare/any/GARP-VOE Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources