Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
GARP vs XLI: how they differ
GARP and XLI hold 7% of their weight in the same names, and GARP returned more over the year.
iShares MSCI USA Quality GARP ETF and State Street(R) Industrial Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, GARP and XLI hold 7% of their money in the same securities at the same weight.
| Holding | GARP | XLI |
|---|---|---|
| GE AEROSPACE | 2.13% | 6.77% |
| QUANTA SERVICES INC | 1.37% | 1.88% |
| UBER TECHNOLOGIES INC | 0.70% | 2.55% |
| HOWMET AEROSPACE INC | 0.69% | 1.87% |
| EMCOR GROUP INC | 0.47% | 0.64% |
| COMFORT SYSTEMS USA INC | 0.44% | 1.21% |
| VERTIV HOLDINGS COMPANY | 0.33% | 2.23% |
| GE VERNOVA INC | 0.29% | 5.48% |
| JACOBS SOLUTIONS INC | 0.19% | 0.26% |
| AXON ENTERPRISE INC | 0.12% | 0.79% |
| DELTA AIR LINES INC | 0.08% | 1.06% |
| UNITED AIRLINES HOLDINGS INC | 0.06% | 0.77% |
| Only in GARP | Only in XLI |
|---|---|
| KLA CORP 6.46% | Caterpillar Inc 8.52% |
| MICRON TECHNOLOGY INC 6.07% | RTX Corp 4.44% |
| APPLE INC 4.44% | Boeing Co/The 2.96% |
| NVIDIA CORP 4.16% | Eaton Corp PLC 2.87% |
| MICROSOFT CORP 4.10% | Union Pacific Corp 2.81% |
| BROADCOM INC 3.96% | Deere & Co 2.77% |
| LAM RESEARCH CORP 3.79% | Parker-Hannifin Corp 2.14% |
| ELI LILLY & COMPANY 3.73% | Trane Technologies PLC 1.89% |
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 | XLI State Street(R) Industrial 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 | Industrials |
| Total return, 1 year | +29.5% | +14.3% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +12.0 pts | −3.3 pts |
| Expense ratio | 0.15% | 0.08% |
| Already in the S&P 500 | 94.4% | 100.0% |
| Holdings | 131 | 81 |
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%.
XLI in plain words
XLI is an index equity fund tracking the Industrials. Over the year to Sep 11, 2026 it returned +14.3% 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 81 positions, with the top ten at 41.4%. It sat 7.6% below its high of Aug 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, GARP or XLI?
- In the year to Sep 12, 2026, with distributions reinvested, GARP returned +29.5% and XLI returned +14.3%, so GARP returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, GARP or XLI?
- GARP charges 0.15% a year and XLI charges 0.08%, so XLI is cheaper. Fees come from each fund's prospectus.
- How much do GARP and XLI overlap with the S&P 500?
- By their latest filed holdings, 94% of GARP and 100% of XLI by weight is stocks the S&P 500 already holds. Between the two funds, 7% 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 XLI, data as of Sep 12, 2026. https://etfiq.com/compare/any/GARP-XLI Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources