Data as of Oct 28, 2026.

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BND vs GARP: Differences, Returns & Fees

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Over the year to Oct 28, 2026, BND returned −1.3% to GARP's +18.0%; 0% of their weight is in the same names.

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Net assets: $161.4bn on Sep 30, 2026 for Vanguard Total Bond Market ETF, and $3.6bn on Oct 27, 2026 for iShares MSCI USA Quality GARP ETF.

At a glance
−1.3%
BND total return, 1 year
+18.0%
GARP total return, 1 year
0.03%
BND expense ratio
0.15%
GARP expense ratio

Pair scorecard

BND costs 0.12 points a year less; their one-year returns differ by 19.3 points; BND is far larger, $161.4bn against $3.4bn.

BND vs GARP: Differences, Returns & Fees
MeasureBNDGARP
Return
Total return, 1 year−1.3%+18.0%
Drawdown
Below its high3.5%, high on Aug 6, 20207.0%, high on Oct 6, 2026
Benchmark
What it tracksBloomberg U.S. Aggregate Float Adjusted IndexMSCI USA Quality GARP Select Index
Cost and size
Expense ratio0.03%0.15%
Net assets, as of Sep 30, 2026$161.4bn$3.4bn
Holdings
Holdings in common0%
In the S&P 500, by weight94%
Top ten holdings, share of the fund43.5%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, BND and GARP hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BND GARP
Only in one fund ↓
Only in BND
MKTLIQ 0.92%
United States Treasury Note/Bond 0.41%
United States Treasury Note/Bond 0.41%
United States Treasury Note/Bond 0.41%
United States Treasury Note/Bond 0.41%
United States Treasury Note/Bond 0.41%
United States Treasury Note/Bond 0.40%
United States Treasury Note/Bond 0.39%
Only in GARP
MICROSOFT 5.67%
APPLE 5.66%
NVIDIA 5.18%
VISA CLASS A 5.13%
META PLATFORMS CLASS A 4.72%
MICRON TECHNOLOGY 4.61%
LAM RESEARCH 3.31%
CATERPILLAR INC 3.29%
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Side by side

BND Vanguard Total Bond Market ETF GARP iShares MSCI USA Quality GARP ETF
Where it sits Bond ETF Stock ETF
What it is Tracks an index of US aggregate bonds Tracks the MSCI USA Quality GARP
Total return, 1 year −1.3% +18.0%
Its benchmark over the same days −1.4% (AGG) +13.3% (PBUS)
Gap to its benchmark +0.1 pts vs AGG +4.7 pts vs PBUS
Expense ratio 0.03% 0.15%
Holdings 16301 131
Net assets, BND as of Sep 30, 2026 and GARP as of Oct 27, 2026 $161.4bn $3.6bn

BND and GARP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
BND

BND tracks an index of US aggregate bonds. Over the year to Oct 28, 2026 it returned −1.3% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Float Adjusted Index, measured by the closely related Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.03% a year. It sat 3.5% below its high of Aug 6, 2020 on Oct 28, 2026.

GARP

GARP tracks the MSCI USA Quality GARP. Over the year to Oct 28, 2026 it returned +18.0% with distributions reinvested, against +13.3% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 131 positions, with the top ten at 43.5%. It sat 7.0% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BND or GARP?
In the year to Oct 28, 2026, with distributions reinvested, BND returned −1.3% and GARP +18.0%.
Which is cheaper, BND or GARP?
BND is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, BND against GARP, data as of Oct 28, 2026. https://etfiq.com/compare/any/bnd-vs-garp

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