Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
GARP vs XRT: how they differ
GARP and XRT hold 2% of their weight in the same names, and GARP returned more over the year.
iShares MSCI USA Quality GARP ETF and State Street(R) SPDR(R) S&P(R) Retail ETF.
What they hold in common
By the books each fund has filed, GARP and XRT hold 2% of their money in the same securities at the same weight.
| Holding | GARP | XRT |
|---|---|---|
| AMAZON.COM INC | 1.49% | 1.35% |
| CARVANA COMPANY | 0.39% | 1.32% |
| BURLINGTON STORES INC | 0.18% | 1.31% |
| Only in GARP | Only in XRT |
|---|---|
| KLA CORP 6.46% | Groupon Inc 1.78% |
| MICRON TECHNOLOGY INC 6.07% | RealReal Inc/The 1.75% |
| APPLE INC 4.44% | Bath & Body Works Inc 1.73% |
| NVIDIA CORP 4.16% | Warby Parker Inc 1.64% |
| MICROSOFT CORP 4.10% | Upbound Group Inc 1.59% |
| BROADCOM INC 3.96% | Coupang Inc 1.55% |
| LAM RESEARCH CORP 3.79% | Maplebear Inc 1.55% |
| ELI LILLY & COMPANY 3.73% | Revolve Group Inc 1.52% |
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 | XRT State Street(R) SPDR(R) S&P(R) Retail ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | State Street |
| What it is | MSCI USA Quality GARP | SPDR S&P Retail |
| Total return, 1 year | +29.5% | −3.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +12.0 pts | −20.6 pts |
| Expense ratio | 0.15% | 0.35% |
| Already in the S&P 500 | 94.4% | 22.5% |
| Holdings | 131 | 75 |
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%.
XRT in plain words
XRT is an index equity fund tracking the SPDR S&P Retail. Over the year to Sep 11, 2026 it returned −3.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.35% a year. By its holdings filed for Jun 30, 2026, 22% of the fund by weight is stocks the S&P 500 also holds, across 75 positions, with the top ten at 16.1%. It sat 12.2% below its high of Nov 16, 2021 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, GARP or XRT?
- In the year to Sep 12, 2026, with distributions reinvested, GARP returned +29.5% and XRT returned −3.0%, so GARP returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, GARP or XRT?
- GARP charges 0.15% a year and XRT charges 0.35%, so GARP is cheaper. Fees come from each fund's prospectus.
- How much do GARP and XRT overlap with the S&P 500?
- By their latest filed holdings, 94% of GARP and 22% of XRT 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
Where to next
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 XRT, data as of Sep 12, 2026. https://etfiq.com/compare/any/GARP-XRT Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources