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

In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and IWD +27.5%.

Which is cheaper, GARP or IWD?

GARP is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do GARP and IWD overlap with the S&P 500?

By their latest filed holdings, 94% of GARP and 90% of IWD by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

GARP vs IWD: Differences, Returns & Fees

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Over the year to Oct 28, 2026, GARP returned +18.0% to IWD's +27.5%; 18% 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 $83.0bn for iShares Russell 1000 Value ETF.

GARP on its own →IWD on its own →

At a glance

+18.0%

GARP total return, 1 year

+27.5%

IWD total return, 1 year

0.15%

GARP expense ratio

0.18%

IWD expense ratio

Pair scorecard

GARP costs 0.03 points a year less; their one-year returns differ by 9.5 points; IWD is far larger, $83.0bn against $3.6bn.

GARP vs IWD: Differences, Returns & Fees
Measure	GARP	IWD
Return
Measure	GARP	IWD
Total return, 1 year	+18.0%	+27.5%
Drawdown
Measure	GARP	IWD
Below its high	7.0%, high on Oct 6, 2026
Benchmark
Measure	GARP	IWD
What it tracks	MSCI USA Quality GARP Select Index	Russell 1000 Value Index
Cost and size
Measure	GARP	IWD
Expense ratio	0.15%	0.18%
Net assets, as of Oct 27, 2026	$3.6bn	$83.0bn
Holdings
Measure	GARP	IWD
Holdings in common	18%
Top ten holdings, share of the fund	43.5%	29.6%

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

What they share

18%

By the books each fund has filed, GARP and IWD hold 18% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

18% in common

Positions both hold · largest shared weight first GARP IWD

APPLE 5.66% 6.08%

MICROSOFT 5.67% 5.21%

AMAZON.COM INC 2.12% 5.95%

INTEL CORPORATION 1.81% 1.13%

META PLATFORMS CLASS A 4.72% 0.66%

DELL TECHNOLOGIES INC CLASS C 0.66% 0.35%

UBER TECHNOLOGIES 0.70% 0.31%

WELLTOWER 0.28% 0.43%

FREEPORT MCMORAN INC 0.49% 0.25%

NEWMONT 0.21% 0.31%

CONSTELLATION ENERGY CORP 0.14% 0.20%

BLOCK CLASS A 0.13% 0.10%

Only in one fund ↓

Only in GARP

NVIDIA 5.18%

VISA CLASS A 5.13%

MICRON TECHNOLOGY 4.61%

LAM RESEARCH 3.31%

CATERPILLAR INC 3.29%

KLA 3.09%

PALANTIR TECHNOLOGIES CLASS A 2.86%

ALPHABET CLASS A 2.24%

Only in IWD

BERKSHIRE HATHAWAY INC CLASS B 2.67%

JPMORGAN CHASE & CO 2.37%

EXXONMOBIL HOLDINGS CORP 1.96%

JOHNSON & JOHNSON 1.71%

WALMART 1.26%

ABBVIE 1.23%

CISCO SYSTEMS INC 1.16%

CHEVRON 1.12%

Check overlap with more funds →

Side by side

GARP iShares MSCI USA Quality GARP ETF IWD iShares Russell 1000 Value ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks the MSCI USA Quality GARP Tracks the Russell 1000 value

Total return, 1 year +18.0% +27.5%

Its benchmark over the same days +13.3% (PBUS) +27.7% (VONV)

Gap to its benchmark +4.7 pts vs PBUS −0.2 pts vs VONV

Expense ratio 0.15% 0.18%

Already in the S&P 500 94.4% 90.0%

Holdings 131 871

Net assets, as of Oct 27, 2026 $3.6bn $83.0bn

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

Alert

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.

IWD

IWD tracks the Russell 1000 value. Over the year to Oct 28, 2026 it returned +27.5% with distributions reinvested, against +27.7% for its benchmark, the Russell 1000 Value Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 871 positions, with the top ten at 29.6%.

Questions people ask

Which returned more over the last year, GARP or IWD?: In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and IWD +27.5%.
Which is cheaper, GARP or IWD?: GARP is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do GARP and IWD overlap with the S&P 500?: By their latest filed holdings, 94% of GARP and 90% of IWD by weight is stocks the S&P 500 already holds.

Other comparisons

GARP vs VYM GARP vs SCHD GARP vs VTV GARP vs HDV IWD vs VOOG IWD vs VONG IWD vs SPYG IWD vs SCHG

Where to next

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

Sources and dates

GARP and IWD filings on SEC EDGAR ↗

GARP and IWD prospectus with the expense ratio (SEC) ↗

iShares page for GARP ↗

iShares page for IWD ↗

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 IWD, data as of Oct 28, 2026. https://etfiq.com/compare/any/garp-vs-iwd

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