Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
GARP vs IYR: how they differ
GARP and IYR 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. Real Estate ETF.
What they hold in common
By the books each fund has filed, GARP and IYR hold 0% of their money in the same securities at the same weight.
| Holding | GARP | IYR |
|---|---|---|
| WELLTOWER | 0.28% | 11.49% |
| BLK CSH FND TREASURY SL AGENCY | 0.10% | 0.10% |
| USD CASH | 0.03% | 0.12% |
| Only in GARP | Only in IYR |
|---|---|
| APPLE 5.23% | PROLOGIS REIT 8.99% |
| MICROSOFT 5.16% | DIGITAL REALTY TRUST REIT 4.86% |
| NVIDIA 5.09% | EQUINIX REIT 4.57% |
| META PLATFORMS CLASS A 4.81% | SIMON PROPERTY GROUP REIT INC 4.46% |
| MICRON TECHNOLOGY 4.76% | REALTY INCOME REIT 4.19% |
| VISA CLASS A 4.60% | AMERICAN TOWER REIT 4.16% |
| LAM RESEARCH 4.02% | PUBLIC STORAGE REIT 3.73% |
| CATERPILLAR INC 3.65% | VIVMARK RESIDENTIAL 3.59% |
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 iShares MSCI USA Quality GARP ETF | IYR iShares U.S. Real Estate ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI USA Quality GARP | U.S. Real Estate |
| Total return, 1 year | +29.5% | +4.7% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +12.0 pts | −12.8 pts |
| Expense ratio | 0.15% | 0.37% |
| Already in the S&P 500 | 94.4% | 80.4% |
| Holdings | 133 | 63 |
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%.
IYR in plain words
IYR is an index equity fund tracking the U.S. Real Estate. Over the year to Sep 11, 2026 it returned +4.7% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.37% a year. By its holdings filed for Sep 10, 2026, 80% of the fund by weight is stocks the S&P 500 also holds, across 63 positions, with the top ten at 53.4%. It sat 6.1% below its high of Jul 28, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, GARP or IYR?
- In the year to Sep 13, 2026, with distributions reinvested, GARP returned +29.5% and IYR returned +4.7%, so GARP returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, GARP or IYR?
- GARP charges 0.15% a year and IYR charges 0.37%, so GARP is cheaper. Fees come from each fund's prospectus.
- How much do GARP and IYR overlap with the S&P 500?
- By their latest filed holdings, 94% of GARP and 80% of IYR by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
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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.
Cite this page. ETFIQ, GARP against IYR, data as of Sep 13, 2026. https://etfiq.com/compare/any/garp-vs-iyr Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources