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Data as of Oct 28, 2026.

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GARP vs IWB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, GARP returned +18.0% to IWB's +13.1%; 45% of their weight is in the same names.

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Net assets: $3.6bn on Oct 27, 2026 for iShares MSCI USA Quality GARP ETF, and $49.1bn on Oct 28, 2026 for iShares Russell 1000 ETF.

GARP on its own →IWB on its own →
At a glance
+18.0%
GARP total return, 1 year
+13.1%
IWB total return, 1 year
0.15%
GARP expense ratio
0.15%
IWB expense ratio

Pair scorecard

Both cost 0.15% a year; their one-year returns differ by 4.9 points; IWB is 13.9 times larger.

Points (pts) are percentage points.

GARP vs IWB: Differences, Returns & Fees
MeasureGARPIWB
Return
Total return, 1 year+18.0%+13.1%
Drawdown
Below its high7.0%, high on Oct 6, 2026
Benchmark
What it tracksMSCI USA Quality GARP Select IndexRussell 1000 Index
Cost and size
Expense ratio0.15%0.15%
Net assets, as of Oct 26, 2026$3.5bn$48.7bn
Holdings
Holdings in common45%
Top ten holdings, share of the fund43.5%35.3%

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

What they share

45%

By the books each fund has filed, GARP and IWB hold 45% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

45% in common

Positions both hold · largest shared weight first GARP IWB
APPLE 5.66% 7.06%
MICROSOFT 5.67% 5.56%
NVIDIA 5.18% 7.15%
ALPHABET CLASS A 2.24% 2.63%
ALPHABET CLASS C 2.12% 2.12%
AMAZON.COM INC 2.12% 3.46%
META PLATFORMS CLASS A 4.72% 1.92%
BROADCOM INC 1.70% 2.24%
MICRON TECHNOLOGY 4.61% 1.47%
ELI LILLY 1.78% 1.44%
ADVANCED MICRO DEVICES 2.01% 1.28%
VISA CLASS A 5.13% 0.96%
Only in one fund ↓
Only in GARP
MERCADOLIBRE 1.86%
SEAGATE TECHNOLOGY HOLDINGS PLC 0.33%
MICRO E-MINI NASDAQ 100 DEC 26 0.00%
Only in IWB
TESLA INC 1.68%
BERKSHIRE HATHAWAY INC CLASS B 1.42%
JPMORGAN CHASE & CO 1.26%
EXXONMOBIL HOLDINGS CORP 1.04%
JOHNSON & JOHNSON 0.91%
WALMART 0.74%
ABBVIE 0.71%
CISCO SYSTEMS INC 0.62%
Check overlap with more funds →

Side by side

GARP iShares MSCI USA Quality GARP ETF IWB iShares Russell 1000 ETF
Where it sits Stock ETF Stock ETF
Issuer iShares iShares
What it is Tracks the MSCI USA Quality GARP Tracks the Russell 1000
Total return, 1 year +18.0% +13.1%
Its benchmark over the same days +13.3% (PBUS) +13.2% (VONE)
Gap to its benchmark +4.7 pts vs PBUS −0.1 pts vs VONE
Expense ratio 0.15% 0.15%
Already in the S&P 500 94.4% 91.7%
Holdings 131 1025
Net assets, GARP as of Oct 27, 2026 and IWB as of Oct 28, 2026 $3.6bn $49.1bn

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

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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.

IWB

IWB tracks the Russell 1000. Over the year to Oct 28, 2026 it returned +13.1% with distributions reinvested, against +13.2% for its benchmark, the Russell 1000 Index. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1,025 positions, with the top ten at 35.3%.

Questions people ask

Which returned more over the last year, GARP or IWB?
In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and IWB +13.1%.
Which is cheaper, GARP or IWB?
Neither: GARP and IWB both charge 0.15% a year. Fees come from each fund's prospectus.
How much do GARP and IWB overlap with the S&P 500?
By their latest filed holdings, 94% of GARP and 92% of IWB by weight is stocks the S&P 500 already holds.
Other comparisons
GARP vs QUALGARP vs SCHBCGGR vs GARPGARP vs RDVYIWB vs VOOGIWB vs VONGIWB vs SPYGIWB vs SCHG
Where to next
GARP on its own →IWB on its own →Hold both: look the portfolio through →Rankings →GARP dividend history →GARP holdings →IWB dividend history →IWB holdings →Standards and sources →
Sources and dates
GARP and IWB filings on SEC EDGAR ↗
GARP and IWB prospectus with the expense ratio (SEC) ↗
iShares page for GARP ↗
iShares page for IWB ↗

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

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