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

In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and MBB −0.8%.

Which is cheaper, GARP or MBB?

MBB is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

GARP vs MBB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, GARP returned +18.0% to MBB's −0.8%; 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 $35.5bn on Oct 28, 2026 for iShares MBS ETF.

GARP on its own →MBB on its own →

At a glance

+18.0%

GARP total return, 1 year

−0.8%

MBB total return, 1 year

0.15%

GARP expense ratio

0.04%

MBB expense ratio

Pair scorecard

MBB costs 0.11 points a year less; their one-year returns differ by 18.8 points; MBB is 10.2 times larger.

GARP vs MBB: Differences, Returns & Fees
Measure	GARP	MBB
Return
Measure	GARP	MBB
Total return, 1 year	+18.0%	−0.8%
Drawdown
Measure	GARP	MBB
Below its high	7.0%, high on Oct 6, 2026
Benchmark
Measure	GARP	MBB
What it tracks	MSCI USA Quality GARP Select Index	Bloomberg U.S. MBS Index
Cost and size
Measure	GARP	MBB
Expense ratio	0.15%	0.04%
Net assets, as of Oct 26, 2026	$3.5bn	$35.6bn
Holdings
Measure	GARP	MBB
Holdings in common	0%
In the S&P 500, by weight	94%
Top ten holdings, share of the fund	43.5%

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

What they share

By the books each fund has filed, GARP and MBB hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first GARP MBB

Only in one fund ↓

Only in GARP

MICROSOFT 5.67%

APPLE 5.66%

NVIDIA 5.18%

VISA CLASS A 5.13%

META PLATFORMS CLASS A 4.72%

MICRON TECHNOLOGY 4.61%

LAM RESEARCH 3.31%

CATERPILLAR INC 3.29%

Only in MBB

BLACKROCK CASH CL INST SL AGENCY 5.45%

FHLMC 30YR UMBS SUPER 1.05%

UMBS 30YR TBA(REG A) 0.60%

GNMA2 30YR 0.59%

GNMA2 30YR 0.54%

FNMA 30YR UMBS 0.53%

GNMA2 30YR 0.53%

GNMA2 30YR 0.52%

Check overlap with more funds →

Side by side

GARP iShares MSCI USA Quality GARP ETF MBB iShares MBS ETF

Where it sits Stock ETF Bond ETF

Issuer iShares iShares

What it is Tracks the MSCI USA Quality GARP Tracks an index of mortgage-backed securities

Total return, 1 year +18.0% −0.8%

Its benchmark over the same days +13.3% (PBUS) −1.1% (SPMB)

Gap to its benchmark +4.7 pts vs PBUS +0.3 pts vs SPMB

Expense ratio 0.15% 0.04%

Holdings 131 10813

Net assets, GARP as of Oct 27, 2026 and MBB as of Oct 28, 2026 $3.6bn $35.5bn

GARP and MBB 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.

MBB

MBB tracks an index of mortgage-backed securities. Over the year to Oct 28, 2026 it returned −0.8% with distributions reinvested, against −1.1% for its benchmark, the Bloomberg U.S. MBS Index. The prospectus expense ratio is 0.04% a year.

Questions people ask

Which returned more over the last year, GARP or MBB?: In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and MBB −0.8%.
Which is cheaper, GARP or MBB?: MBB is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

GARP vs GOVT GARP vs IEF GARP vs TLT GARP vs IUSB MBB vs VOOG MBB vs VONG MBB vs SPYG MBB vs SCHG

Where to next

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

Sources and dates

GARP and MBB filings on SEC EDGAR ↗

GARP prospectus with the expense ratio (SEC) ↗

iShares page for GARP ↗

MBB prospectus with the expense ratio (SEC) ↗

iShares page for MBB ↗

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

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