Which returned more over the last year, GARP or GOVT?

In the year to Sep 13, 2026, with distributions reinvested, GARP returned +29.5% and GOVT returned −1.0%, so GARP returned more. One year is one year; the longer windows are in the table.

Which is cheaper, GARP or GOVT?

GARP charges 0.15% a year and GOVT charges 0.05%, so GOVT is cheaper. Fees come from each fund's prospectus.

Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

GARP vs GOVT: how they differ

GARP and GOVT hold 0% of their weight in the same names, and GARP returned more over the year.

iShares MSCI USA Quality GARP ETF and iShares U.S. Treasury Bond ETF.

What they hold in common

By the books each fund has filed, GARP and GOVT hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in GARP	Only in GOVT
APPLE 5.23%	US TREASURY N/B 0.60%
MICROSOFT 5.16%	TREASURY NOTE (OTR) 0.55%
NVIDIA 5.09%	TREASURY BOND (OLD) 0.42%
META PLATFORMS CLASS A 4.81%	TREASURY NOTE (2OLD) 0.25%
MICRON TECHNOLOGY 4.76%	TREASURY BOND (OTR) 0.16%
VISA CLASS A 4.60%	BLK CSH FND TREASURY SL AGENCY 0.11%
LAM RESEARCH 4.02%	TREASURY NOTE (OLD) 0.11%
CATERPILLAR INC 3.65%	TREASURY BOND (2OLD) 0.08%

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.

GARP and GOVT on the fields both publish, as of Sep 13, 2026. Source: ETFIQ.
	GARP iShares MSCI USA Quality GARP ETF	GOVT iShares U.S. Treasury Bond ETF
Where it sits	Core index fund	Core index fund
Issuer	iShares	iShares
What it is	MSCI USA Quality GARP	U.S. Treasury Bond
Total return, 1 year	+29.5%	−1.0%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	+12.0 pts	−18.5 pts
Expense ratio	0.15%	0.05%
Holdings	133	216

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%.

GOVT in plain words

GOVT is a bond fund tracking the U.S. Treasury Bond. Over the year to Sep 11, 2026 it returned −1.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. It sat 8.4% below its high of Aug 4, 2020 on Sep 11, 2026.

Questions people ask

Which returned more over the last year, GARP or GOVT?: In the year to Sep 13, 2026, with distributions reinvested, GARP returned +29.5% and GOVT returned −1.0%, so GARP returned more. One year is one year; the longer windows are in the table.
Which is cheaper, GARP or GOVT?: GARP charges 0.15% a year and GOVT charges 0.05%, so GOVT 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.

GARP against GOVT, ETFIQ, data as of Sep 13, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, GARP against GOVT, data as of Sep 13, 2026. https://etfiq.com/compare/any/garp-vs-govt Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources