Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
GARP vs XLB: how they differ
GARP and XLB hold 1% of their weight in the same names, and GARP returned more over the year.
iShares MSCI USA Quality GARP ETF and State Street(R) Materials Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, GARP and XLB hold 1% of their money in the same securities at the same weight.
| Holding | GARP | XLB |
|---|---|---|
| FREEPORT-MCMORAN INC | 0.59% | 5.31% |
| NEWMONT CORP | 0.13% | 5.85% |
| Only in GARP | Only in XLB |
|---|---|
| KLA CORP 6.46% | Linde PLC 14.08% |
| MICRON TECHNOLOGY INC 6.07% | Corteva Inc 4.97% |
| APPLE INC 4.44% | Sherwin-Williams Co/The 4.95% |
| NVIDIA CORP 4.16% | Ecolab Inc 4.73% |
| MICROSOFT CORP 4.10% | Vulcan Materials Co 4.72% |
| BROADCOM INC 3.96% | CRH PLC 4.67% |
| LAM RESEARCH CORP 3.79% | Air Products and Chemicals Inc 4.63% |
| ELI LILLY & COMPANY 3.73% | Martin Marietta Materials Inc 4.55% |
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 | XLB State Street(R) Materials Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | State Street |
| What it is | MSCI USA Quality GARP | Materials |
| 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% | 0.08% |
| Already in the S&P 500 | 94.4% | 100.0% |
| Holdings | 131 | 26 |
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%.
XLB in plain words
XLB is an index equity fund tracking the Materials. 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 0.08% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 26 positions, with the top ten at 58.5%. It sat 5.1% below its high of Aug 26, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, GARP or XLB?
- In the year to Sep 12, 2026, with distributions reinvested, GARP returned +29.5% and XLB returned +12.0%, so GARP returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, GARP or XLB?
- GARP charges 0.15% a year and XLB charges 0.08%, so XLB is cheaper. Fees come from each fund's prospectus.
- How much do GARP and XLB overlap with the S&P 500?
- By their latest filed holdings, 94% of GARP and 100% of XLB by weight is stocks the S&P 500 already holds. Between the two funds, 1% 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 XLB, data as of Sep 12, 2026. https://etfiq.com/compare/any/GARP-XLB Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources