Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
EWZ vs GARP: how they differ
EWZ and GARP hold 0% of their weight in the same names, and EWZ returned more over the year.
iShares MSCI Brazil ETF and iShares MSCI USA Quality GARP ETF.
What they hold in common
By the books each fund has filed, EWZ and GARP hold 0% of their money in the same securities at the same weight.
| Holding | EWZ | GARP |
|---|---|---|
| BLK CSH FND TREASURY SL AGENCY | 0.08% | 0.10% |
| Only in EWZ | Only in GARP |
|---|---|
| CIA VALE DO RIO DOCE SH 9.71% | APPLE 5.23% |
| NU HOLDINGS CLASS A 9.13% | MICROSOFT 5.16% |
| ITAU UNIBANCO HOLDING PREF SA 7.83% | NVIDIA 5.09% |
| PETROLEO BRASILEIRO PREF SA 7.30% | META PLATFORMS CLASS A 4.81% |
| PETROLEO BRASILEIRO SA PETROBRAS 6.86% | MICRON TECHNOLOGY 4.76% |
| BANCO BRADESCO PREF 3.70% | VISA CLASS A 4.60% |
| B3 BRASIL BOLSA BALCAO SA 3.48% | LAM RESEARCH 4.02% |
| WEG 3.28% | CATERPILLAR INC 3.65% |
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 Sep 10, 2026.
| EWZ iShares MSCI Brazil ETF | GARP iShares MSCI USA Quality GARP ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI Brazil | MSCI USA Quality GARP |
| Total return, 1 year | +32.9% | +29.5% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +15.4 pts | +12.0 pts |
| Expense ratio | 0.59% | 0.15% |
| Already in the S&P 500 | 0.0% | 94.4% |
| Holdings | 50 | 133 |
EWZ in plain words
EWZ is an index equity fund tracking the MSCI Brazil. Over the year to Sep 11, 2026 it returned +32.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.59% a year. By its holdings filed for Sep 10, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 50 positions, with the top ten at 57.1%. It sat 7.6% below its high of Apr 14, 2026 on Sep 11, 2026.
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 Sep 10, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 133 positions, with the top ten at 43.2%.
Questions people ask
- Which returned more over the last year, EWZ or GARP?
- In the year to Sep 13, 2026, with distributions reinvested, EWZ returned +32.9% and GARP returned +29.5%, so EWZ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, EWZ or GARP?
- EWZ charges 0.59% a year and GARP charges 0.15%, so GARP is cheaper. Fees come from each fund's prospectus.
- How much do EWZ and GARP overlap with the S&P 500?
- By their latest filed holdings, 0% of EWZ and 94% of GARP by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
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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, EWZ against GARP, data as of Sep 13, 2026. https://etfiq.com/compare/any/ewz-vs-garp Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources