Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
GARP vs XLG: how they differ
GARP and XLG hold 35% 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 Top 50 ETF.
What they hold in common
By the books each fund has filed, GARP and XLG hold 35% of their money in the same securities at the same weight.
| Holding | GARP | XLG |
|---|---|---|
| APPLE INC | 4.44% | 10.76% |
| NVIDIA CORP | 4.16% | 13.10% |
| MICROSOFT CORP | 4.10% | 8.18% |
| BROADCOM INC | 3.96% | 4.85% |
| META PLATFORMS INC | 3.35% | 3.61% |
| ALPHABET INC | 2.88% | 6.05% |
| ELI LILLY & COMPANY | 3.73% | 2.00% |
| ADVANCED MICRO DEVICES INC | 2.21% | 1.56% |
| VISA INC | 3.73% | 1.50% |
| AMAZON.COM INC | 1.49% | 6.99% |
| MASTERCARD INC | 1.63% | 1.11% |
| NETFLIX INC | 2.85% | 1.07% |
| Only in GARP | Only in XLG |
|---|---|
| KLA CORP 6.46% | Tesla, Inc. 2.90% |
| MICRON TECHNOLOGY INC 6.07% | Berkshire Hathaway Inc. 2.35% |
| LAM RESEARCH CORP 3.79% | JPMorgan Chase & Co. 2.28% |
| FORTINET INC 3.16% | Exxon Mobil Corp. 1.74% |
| AMPHENOL CORP 1.52% | Walmart Inc. 1.56% |
| ROYAL CARIBBEAN CRUISES LTD 1.46% | Johnson & Johnson 1.50% |
| MERCADOLIBRE INC 1.40% | Costco Wholesale Corp. 1.22% |
| QUANTA SERVICES INC 1.37% | Caterpillar Inc. 1.12% |
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 | XLG Invesco S&P 500 Top 50 ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Invesco |
| What it is | MSCI USA Quality GARP | S&P 500 top 50 |
| Total return, 1 year | +29.5% | +12.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +12.0 pts | −5.3 pts |
| Expense ratio | 0.15% | 0.20% |
| Already in the S&P 500 | 94.4% | 100.0% |
| Holdings | 131 | 51 |
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%.
XLG in plain words
XLG is an index equity fund tracking the S&P 500 top 50. Over the year to Sep 11, 2026 it returned +12.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.20% a year. By its holdings filed for Apr 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 51 positions, with the top ten at 63.6%.
Questions people ask
- Which returned more over the last year, GARP or XLG?
- In the year to Sep 12, 2026, with distributions reinvested, GARP returned +29.5% and XLG returned +12.2%, so GARP returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, GARP or XLG?
- GARP charges 0.15% a year and XLG charges 0.20%, so GARP is cheaper. Fees come from each fund's prospectus.
- How much do GARP and XLG overlap with the S&P 500?
- By their latest filed holdings, 94% of GARP and 100% of XLG by weight is stocks the S&P 500 already holds. Between the two funds, 35% 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 XLG, data as of Sep 12, 2026. https://etfiq.com/compare/any/GARP-XLG Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources