Data as of Oct 28, 2026.
FDVV vs GARP: Differences, Returns & Fees
Over the year to Oct 28, 2026, FDVV returned +13.5% to GARP's +18.0%; 21% of their weight is in the same names.
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Net assets: $10.2bn on Sep 30, 2026 for Fidelity High Dividend ETF, and $3.6bn on Oct 27, 2026 for iShares MSCI USA Quality GARP ETF.
Pair scorecard
Both cost 0.15% a year; their one-year returns differ by 4.5 points; FDVV is 3.0 times larger.
Points (pts) are percentage points.
| Measure | FDVV | GARP |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.5% | +18.0% |
| Drawdown | ||
| Below its high | 7.0%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Fidelity High Dividend Index | MSCI USA Quality GARP Select Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.15% |
| Net assets, as of Sep 30, 2026 | $10.2bn | $3.4bn |
| Holdings | ||
| Holdings in common | 21% | |
| Top ten holdings, share of the fund | 33.8% | 43.5% |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method
Risk and return
Jan 24, 2020 to Oct 23, 2026 · 352 weekly returnsGARP returned more: +232.4% to +137.0%. FDVV swung less: 19.2% to 22.3%. GARP fell less at its worst: −30.1% to −37.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FDVV | GARP | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +137.0% | +232.4% | GARP | Price change plus distributions, reinvested. |
| Annualized | +13.6% | +19.4% | GARP | Total return as a yearly rate. |
| Price return | +88.6% | +215.4% | GARP | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.2% | 22.3% | FDVV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.8% | 14.9% | FDVV (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −37.4% | −30.1% | GARP | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.61 | 0.78 | GARP | Return above Treasury bills per unit of volatility. |
| Sortino | 0.85 | 1.16 | GARP | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.36 | 0.65 | GARP | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 352 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FDVV and GARP hold 21% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
21% in common
Only in one fund ↓
Side by side
FDVV and GARP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FDVV and GARP do different jobs. What does each one do in a portfolio?
- What each follows. FDVV follows Fidelity High Dividend Index and GARP follows MSCI USA Quality GARP Select Index.
- Holdings in common. 21% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 FDVV returned +13.5% and GARP +18.0% with distributions reinvested, a gap of 4.5 points.
Data as of Oct 28, 2026.
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FDVV
FDVV tracks an index of High Dividend. Over the year to Oct 28, 2026 it returned +13.5% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jul 31, 2026, 87% of the fund by weight is stocks the S&P 500 also holds, across 95 positions, with the top ten at 33.8%.
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. 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
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, FDVV against GARP, data as of Oct 28, 2026. https://etfiq.com/compare/any/fdvv-vs-garp
ETFIQ. (Oct 28, 2026). FDVV against GARP. Retrieved from https://etfiq.com/compare/any/fdvv-vs-garp
[FDVV against GARP (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fdvv-vs-garp)
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