Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
GARP vs MDY: how they differ
GARP and MDY hold 0% of their weight in the same names, and GARP returned more over the year.
iShares MSCI USA Quality GARP ETF and SPDR S&P MidCap 400 ETF Trust.
What they hold in common
By the books each fund has filed, GARP and MDY hold 0% of their money in the same securities at the same weight.
| Only in GARP | Only in MDY |
|---|---|
| APPLE 5.23% | Twilio Inc. Class A 1.00% |
| MICROSOFT 5.16% | Illumina Inc. 0.86% |
| NVIDIA 5.09% | TechnipFMC plc 0.86% |
| META PLATFORMS CLASS A 4.81% | Everpure Inc. Class A 0.84% |
| MICRON TECHNOLOGY 4.76% | Okta Inc. Class A 0.81% |
| VISA CLASS A 4.60% | U.S. Dollar 0.80% |
| LAM RESEARCH 4.02% | ATI Inc 0.77% |
| CATERPILLAR INC 3.65% | nVent Electric plc 0.71% |
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 | MDY SPDR S&P MidCap 400 ETF Trust | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | State Street |
| What it is | MSCI USA Quality GARP | S&P MidCap 400 |
| Total return, 1 year | +29.5% | +13.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +12.0 pts | −4.5 pts |
| Expense ratio | 0.15% | 0.23% |
| Already in the S&P 500 | 94.4% | 0.0% |
| Holdings | 133 | 401 |
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%.
MDY in plain words
MDY is an index equity fund tracking the S&P MidCap 400. Over the year to Sep 11, 2026 it returned +13.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.23% a year. By its holdings filed for Sep 10, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 401 positions, with the top ten at 7.9%. It sat 5.3% below its high of Aug 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, GARP or MDY?
- In the year to Sep 13, 2026, with distributions reinvested, GARP returned +29.5% and MDY returned +13.0%, so GARP returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, GARP or MDY?
- GARP charges 0.15% a year and MDY charges 0.23%, so GARP is cheaper. Fees come from each fund's prospectus.
- How much do GARP and MDY overlap with the S&P 500?
- By their latest filed holdings, 94% of GARP and 0% of MDY 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.
Other comparisons
Where to next
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 MDY, data as of Sep 13, 2026. https://etfiq.com/compare/any/garp-vs-mdy Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources