Data as of Sep 19, 2026.
FBTC vs GARP: how they differ
FBTC is a spot crypto ETP and GARP an equity index fund, and over the year GARP returned more, +27.2% against −31.0%.
Fidelity Wise Origin Bitcoin Fund and iShares MSCI USA Quality GARP ETF.
| FBTC Fidelity Wise Origin Bitcoin Fund | GARP iShares MSCI USA Quality GARP ETF | |
|---|---|---|
| Where it sits | Core fund | Core fund |
| Issuer | Fidelity | iShares |
| What it is | Holds bitcoin | Tracks the MSCI USA Quality GARP |
| Total return, 1 year | −31.0% | +27.2% |
| S&P 500 over the same days | +16.6% | +16.6% |
| Gap to the S&P 500 | −47.6 pts | +10.6 pts |
| Expense ratio | 0.25% | 0.15% |
| Holdings | not filed | 134 |
| Net assets | $13.9bn | $3.2bn |
FBTC in plain words
FBTC holds bitcoin. Over the year to Sep 18, 2026 it returned −31.0% with distributions reinvested, against +16.6% for the S&P 500 and +21.8% for the Nasdaq-100. The prospectus expense ratio is 0.25% a year. It sat 35.4% below its high of Oct 6, 2025 on Sep 18, 2026.
GARP in plain words
GARP tracks the MSCI USA Quality GARP. Over the year to Sep 18, 2026 it returned +27.2% with distributions reinvested, against +16.6% for the S&P 500 and +21.8% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Sep 18, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 134 positions, with the top ten at 43.1%.
Questions people ask
- Which returned more over the last year, FBTC or GARP?
- In the year to Sep 19, 2026, with distributions reinvested, FBTC returned −31.0% and GARP returned +27.2%, so GARP returned more.
- Which is cheaper, FBTC or GARP?
- FBTC charges 0.25% a year and GARP charges 0.15%, so GARP is cheaper. Fees come from each fund's prospectus.
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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, FBTC against GARP, data as of Sep 19, 2026. https://etfiq.com/compare/any/fbtc-vs-garp Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources