Data as of Oct 28, 2026.
GARP vs PFF: Differences, Returns & Fees
Over the year to Oct 28, 2026, GARP returned +18.0% to PFF's −4.2%; 6% of their weight is in the same names.
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Net assets on Oct 27, 2026: $3.6bn for iShares MSCI USA Quality GARP ETF and $11.8bn for iShares Preferred and Income Securities ETF.
Pair scorecard
GARP costs 0.30 points a year less; their one-year returns differ by 22.2 points; PFF is 3.3 times larger.
| Measure | GARP | PFF |
|---|---|---|
| Return | ||
| Total return, 1 year | +18.0% | −4.2% |
| Drawdown | ||
| Below its high | 7.0%, high on Oct 6, 2026 | 7.1%, high on May 8, 2026 |
| Benchmark | ||
| What it tracks | MSCI USA Quality GARP Select Index | ICE Exchange-Listed Preferred & Hybrid Securities Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.45% |
| Net assets, as of Oct 27, 2026 | $3.6bn | $11.8bn |
| Holdings | ||
| Holdings in common | 6% | |
| Top ten holdings, share of the fund | 43.5% | 22.7% |
Holdings in common uses holdings dated Oct 27, 2026. Method
What they share
By the books each fund has filed, GARP and PFF hold 6% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
6% in common
Only in one fund ↓
Side by side
GARP and PFF 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.
PFF
PFF tracks an index of Preferred and Income Securities. Over the year to Oct 28, 2026 it returned −4.2% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.45% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 453 positions, with the top ten at 22.7%. It sat 7.1% below its high of May 8, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, GARP or PFF?
- In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and PFF −4.2%.
- Which is cheaper, GARP or PFF?
- GARP is cheaper, by 0.30 percentage points a year. That is about $30 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 PFF, data as of Oct 28, 2026. https://etfiq.com/compare/any/garp-vs-pff
ETFIQ. (Oct 28, 2026). GARP against PFF. Retrieved from https://etfiq.com/compare/any/garp-vs-pff
[GARP against PFF (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/garp-vs-pff)
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