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

In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and IEI −1.1%.

Which is cheaper, GARP or IEI?

Neither: GARP and IEI both charge 0.15% a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

GARP vs IEI: Differences, Returns & Fees

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Over the year to Oct 28, 2026, GARP returned +18.0% to IEI's −1.1%; 0% of their weight is in the same names.

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Net assets on Oct 27, 2026: $3.6bn for iShares MSCI USA Quality GARP ETF and $17.0bn for iShares 3-7 Year Treasury Bond ETF.

GARP on its own →IEI on its own →

At a glance

+18.0%

GARP total return, 1 year

−1.1%

IEI total return, 1 year

0.15%

GARP expense ratio

0.15%

IEI expense ratio

Pair scorecard

Both cost 0.15% a year; their one-year returns differ by 19.1 points; IEI is 4.7 times larger.

Points (pts) are percentage points.

GARP vs IEI: Differences, Returns & Fees
Measure	GARP	IEI
Return
Measure	GARP	IEI
Total return, 1 year	+18.0%	−1.1%
Drawdown
Measure	GARP	IEI
Below its high	7.0%, high on Oct 6, 2026
Benchmark
Measure	GARP	IEI
What it tracks	MSCI USA Quality GARP Select Index	ICE U.S. Treasury 3-7 Year Bond Index
Cost and size
Measure	GARP	IEI
Expense ratio	0.15%	0.15%
Net assets, as of Oct 27, 2026	$3.6bn	$17.0bn
Holdings
Measure	GARP	IEI
Holdings in common	0%
In the S&P 500, by weight	94%
Top ten holdings, share of the fund	43.5%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Jan 24, 2020 to Oct 23, 2026 · 352 weekly returns

GARP IEI

Return

Total return edge GARP +232.4% +4.9%

Annualized edge GARP +19.4% +0.7%

Price return edge GARP +215.4% −9.7%

Risk

Volatility edge IEI 22.3% 4.2%

Max drawdown edge IEI −30.1% −14.1%

Risk-adjusted

Sharpe edge GARP 0.78 −0.51

Sortino edge GARP 1.16 −0.72

Calmar edge GARP 0.65 0.05

Reading

GARP returned more: +232.4% to +4.9%. IEI swung less: 4.2% to 22.3%. IEI fell less at its worst: −14.1% to −30.1%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: GARP vs IEI: Differences, Returns & Fees
Measure	GARP	IEI	Edge	How it is measured
Return
Total return	+232.4%	+4.9%	GARP	Price change plus distributions, reinvested.
Annualized	+19.4%	+0.7%	GARP	Total return as a yearly rate.
Price return	+215.4%	−9.7%	GARP	Price change alone, distributions left out.
Risk
Volatility	22.3%	4.2%	IEI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	14.9%	3.0%	IEI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−30.1%	−14.1%	IEI	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.78	−0.51	GARP	Return above Treasury bills per unit of volatility.
Sortino	1.16	−0.72	GARP	Return above Treasury bills per unit of downside deviation.
Calmar	0.65	0.05	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, GARP and IEI hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first GARP IEI

Only in one fund ↓

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%

Only in IEI

TREASURY NOTE 2.95%

TREASURY NOTE (2OLD) 2.36%

TREASURY NOTE 2.31%

TREASURY NOTE 2.29%

TREASURY NOTE 2.27%

TREASURY NOTE 2.25%

TREASURY NOTE 2.20%

Check overlap with more funds →

Side by side

GARP iShares MSCI USA Quality GARP ETF IEI iShares 3-7 Year Treasury Bond ETF

Where it sits Stock ETF Bond ETF

Issuer iShares iShares

What it is Tracks the MSCI USA Quality GARP Tracks an index of 3-7 Year Treasury Bond

Total return, 1 year +18.0% −1.1%

Its benchmark over the same days +13.3% (PBUS) not measured

Gap to its benchmark +4.7 pts vs PBUS not measured

Expense ratio 0.15% 0.15%

Holdings 131 82

Net assets, as of Oct 27, 2026 $3.6bn $17.0bn

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

Client brief · page 1 of 2 Report BR-DA7554726F

GARP and IEI do different jobs. What does each one do in a portfolio?

What each follows. GARP follows MSCI USA Quality GARP Select Index and IEI follows ICE U.S. Treasury 3-7 Year Bond Index.
Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 GARP returned +18.0% and IEI −1.1% with distributions reinvested, a gap of 19.1 points.

Data as of Oct 28, 2026.

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About each fund

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.

IEI

IEI tracks an index of 3-7 Year Treasury Bond. Over the year to Oct 28, 2026 it returned −1.1% with distributions reinvested.

Questions people ask

Which returned more over the last year, GARP or IEI?: In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and IEI −1.1%.
Which is cheaper, GARP or IEI?: Neither: GARP and IEI both charge 0.15% a year. Fees come from each fund's prospectus.

Other comparisons

GARP vs SHY GARP vs VGSH GARP vs SCHP GARP vs HYG IEI vs VOOG IEI vs VONG IEI vs SPYG IEI vs SCHG

Where to next

GARP on its own →IEI on its own →Hold both: look the portfolio through →Rankings →GARP dividend history →GARP holdings →IEI dividend history →IEI holdings →Standards and sources →

Sources and dates

GARP and IEI filings on SEC EDGAR ↗

GARP prospectus with the expense ratio (SEC) ↗

iShares page for GARP ↗

IEI prospectus with the expense ratio (SEC) ↗

iShares page for IEI ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, GARP against IEI, data as of Oct 28, 2026. https://etfiq.com/compare/any/garp-vs-iei

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.