Data as of Oct 28, 2026.
GARP vs LYTE: Differences, Returns & Fees
GARP and LYTE are measured over different days, and GARP charges 0.15% to LYTE's 0.65%.
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Net assets: $3.6bn on Oct 27, 2026 for iShares MSCI USA Quality GARP ETF, and $165m on Oct 28, 2026 for Roundhill Photonics & Optics ETF.
Pair scorecard
GARP costs 0.50 points a year less; GARP is far larger, $3.6bn against $163m.
| Measure | GARP | LYTE |
|---|---|---|
| Return | ||
| Total return, 1 year | +18.0% | not published |
| Drawdown | ||
| Below its high | 7.0%, high on Oct 6, 2026 | |
| Below its all-time high | 28.5%, high on Aug 17, 2026 | |
| Benchmark | ||
| What it tracks | MSCI USA Quality GARP Select Index | Photonics and optics |
| Cost and size | ||
| Expense ratio | 0.15% | 0.65% |
| Net assets, as of Oct 27, 2026 | $3.6bn | $163m |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 94% | |
| Top ten holdings, share of the fund | 43.5% | |
Side by side
GARP and LYTE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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.
LYTE
LYTE has no public holdings filing captured yet. Since it first traded on Aug 6, 2026 the fund returned −19.6% with distributions reinvested. It sits 28.5% below its all-time high of Aug 17, 2026.
Questions people ask
- Are GARP and LYTE in the same category?
- GARP is a stock ETF and LYTE is a thematic ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which is cheaper, GARP or LYTE?
- GARP is cheaper, by 0.50 percentage points a year. That is about $50 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.
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ETFIQ, GARP against LYTE, data as of Oct 28, 2026. https://etfiq.com/compare/any/garp-vs-lyte
ETFIQ. (Oct 28, 2026). GARP against LYTE. Retrieved from https://etfiq.com/compare/any/garp-vs-lyte
[GARP against LYTE (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/garp-vs-lyte)
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