Data as of Oct 28, 2026.
GARP vs IYR: Differences, Returns & Fees
Over the year to Oct 28, 2026, GARP returned +18.0% to IYR's +3.4%; 0% 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 $3.9bn on Oct 28, 2026 for iShares U.S. Real Estate ETF.
Pair scorecard
GARP costs 0.22 points a year less; their one-year returns differ by 14.6 points; IYR is 1.1 times larger.
| Measure | GARP | IYR |
|---|---|---|
| Return | ||
| Total return, 1 year | +18.0% | +3.4% |
| Drawdown | ||
| Below its high | 7.0%, high on Oct 6, 2026 | 8.6%, high on Jul 28, 2026 |
| Benchmark | ||
| What it tracks | MSCI USA Quality GARP Select Index | Dow Jones U.S. Real Estate Capped Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.37% |
| Net assets, as of Oct 26, 2026 | $3.5bn | $4.0bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 43.5% | 52.5% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Jan 24, 2020 to Oct 23, 2026 · 352 weekly returnsGARP returned more: +232.4% to +22.1%. GARP swung less: 22.3% to 24.9%. GARP fell less at its worst: −30.1% to −39.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | GARP | IYR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +232.4% | +22.1% | GARP | Price change plus distributions, reinvested. |
| Annualized | +19.4% | +3.0% | GARP | Total return as a yearly rate. |
| Price return | +215.4% | +2.5% | GARP | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 22.3% | 24.9% | GARP | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.9% | 17.4% | GARP | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −30.1% | −39.3% | GARP | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.78 | 0.13 | GARP | Return above Treasury bills per unit of volatility. |
| Sortino | 1.16 | 0.18 | GARP | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.65 | 0.08 | 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 IYR hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
GARP and IYR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
GARP and IYR do different jobs. What does each one do in a portfolio?
- What each follows. GARP follows MSCI USA Quality GARP Select Index and IYR follows Dow Jones U.S. Real Estate Capped 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 IYR +3.4% with distributions reinvested, a gap of 14.6 points.
Data as of Oct 28, 2026.
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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.
IYR
IYR tracks an index of U.S. Real Estate. Over the year to Oct 28, 2026 it returned +3.4% with distributions reinvested. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 80% of the fund by weight is stocks the S&P 500 also holds, across 59 positions, with the top ten at 52.5%. It sat 8.6% below its high of Jul 28, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, GARP or IYR?
- In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and IYR +3.4%.
- Which is cheaper, GARP or IYR?
- GARP is cheaper, by 0.22 percentage points a year. That is about $22 on $10,000 held for a year. Fees come from each fund's prospectus.
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 IYR, data as of Oct 28, 2026. https://etfiq.com/compare/any/garp-vs-iyr
ETFIQ. (Oct 28, 2026). GARP against IYR. Retrieved from https://etfiq.com/compare/any/garp-vs-iyr
[GARP against IYR (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/garp-vs-iyr)
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