Data as of Oct 28, 2026.

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BOND vs GARP: Differences, Returns & Fees

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Over the year to Oct 28, 2026, BOND returned −1.4% to GARP's +18.0%; 0% of their weight is in the same names.

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Net assets: $8.3bn on Jun 30, 2026 for PIMCO Active Bond Exchange-Traded Fund, and $3.6bn on Oct 27, 2026 for iShares MSCI USA Quality GARP ETF.

At a glance
−1.4%
BOND total return, 1 year
+18.0%
GARP total return, 1 year
0.54%
BOND expense ratio
0.15%
GARP expense ratio

Pair scorecard

GARP costs 0.39 points a year less; their one-year returns differ by 19.4 points.

BOND vs GARP: Differences, Returns & Fees
MeasureBONDGARP
Return
Total return, 1 year−1.4%+18.0%
Drawdown
Below its high3.1%, high on Feb 27, 20267.0%, high on Oct 6, 2026
Benchmark
What it tracksNo index, actively managedMSCI USA Quality GARP Select Index
Cost and size
Expense ratio0.54%0.15%
Net assets, BOND as of Jun 30, 2026 and GARP as of Oct 27, 2026$8.3bn$3.6bn
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 Jun 30, 2026 and Oct 27, 2026. Method

What they share

0%

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

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BOND GARP
Only in one fund ↓
Only in BOND
UMBS, TBA 5.56%
PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund 4.07%
UMBS, TBA 3.46%
United States Treasury 3.40%
UMBS, TBA 2.73%
United States Treasury 2.57%
UMBS, TBA 2.54%
UMBS, TBA 2.27%
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

BOND PIMCO Active Bond Exchange-Traded Fund GARP iShares MSCI USA Quality GARP ETF
Where it sits Bond ETF Stock ETF
Issuer PIMCO iShares
What it is Actively managed Tracks the MSCI USA Quality GARP
Total return, 1 year −1.4% +18.0%
Its benchmark over the same days −1.4% (AGG) +13.3% (PBUS)
Gap to its benchmark 0.0 pts vs AGG +4.7 pts vs PBUS
Expense ratio 0.54% 0.15%
Holdings 1565 131
Net assets, BOND as of Jun 30, 2026 and GARP as of Oct 27, 2026 $8.3bn $3.6bn

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

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About each fund
BOND

BOND is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.4% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Index. The prospectus expense ratio is 0.54% a year. It sat 3.1% below its high of Feb 27, 2026 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, BOND or GARP?
In the year to Oct 28, 2026, with distributions reinvested, BOND returned −1.4% and GARP +18.0%.
Which is cheaper, BOND or GARP?
GARP is cheaper, by 0.39 percentage points a year. That is about $39 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, BOND against GARP, data as of Oct 28, 2026. https://etfiq.com/compare/any/bond-vs-garp

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