GARP vs PABU: Differences, Returns & Fees
GARP and PABU hold 39% of their weight in the same names, and GARP returned +22.3% over the year. Net assets on Oct 20, 2026: $3.6bn for iShares MSCI USA Quality GARP ETF and $2.5bn for iShares Paris-Aligned Climate Optimized MSCI USA ETF.
PABU costs 0.05 points a year less; their one-year returns differ by 12.1 points; GARP is 1.4 times larger.
| GARP | PABU | |
|---|---|---|
| Expense ratio | 0.15% | 0.10% |
| Net assets | $3.6bn | $2.5bn |
| Total return, 1 year | +22.3% | +10.2% |
| What it tracks | MSCI USA Quality GARP Select Index | MSCI USA Climate Paris Aligned Benchmark Extended Select Index |
| Holdings in common | 39% | |
| Top ten holdings, share of the fund | 44.0% | 48.9% |
| Below its high | 6.7%, high on Oct 6, 2026 | |
Holdings in common uses holdings dated Oct 19, 2026.
GARP and PABU are built for the same job. How do they differ in cost, holdings and results?
- What each follows. GARP follows MSCI USA Quality GARP Select Index and PABU follows MSCI USA Climate Paris Aligned Benchmark Extended Select Index.
- Holdings in common. 39% of the weight is in the same securities (holdings dated Oct 19, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 GARP returned +22.3% and PABU +10.2% with distributions reinvested, a gap of 12.1 points.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
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What they hold in common
By the books each fund has filed, GARP and PABU hold 39% of their money in the same securities at the same weight. Holdings dated Oct 19, 2026.
half
39% in common
On the same fields
GARP and PABU on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About GARP
GARP tracks the MSCI USA Quality GARP. Over the year to Oct 20, 2026 it returned +22.3% with distributions reinvested, against +15.4% 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 19, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 131 positions, with the top ten at 44.0%. It sat 6.7% below its high of Oct 6, 2026 on Oct 20, 2026.
About PABU
PABU tracks an index. Over the year to Oct 20, 2026 it returned +10.2% with distributions reinvested, against +15.4% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.10% a year. By its holdings published by its issuer for Oct 19, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 88 positions, with the top ten at 48.9%.
Questions people ask
- Which returned more over the last year, GARP or PABU?
- In the year to Oct 20, 2026, with distributions reinvested, GARP returned +22.3% and PABU +10.2%.
- Which is cheaper, GARP or PABU?
- PABU is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. 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 PABU, data as of Oct 20, 2026. https://etfiq.com/compare/any/garp-vs-pabu
ETFIQ. (Oct 20, 2026). GARP against PABU. Retrieved from https://etfiq.com/compare/any/garp-vs-pabu
[GARP against PABU (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/garp-vs-pabu)
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