Data as of Oct 28, 2026.
GARP vs SCHD: Differences, Returns & Fees
Over the year to Oct 28, 2026, GARP returned +18.0% to SCHD's +34.5%; 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 $112.3bn on Aug 31, 2026 for Schwab U.S. Dividend Equity ETF.
Pair scorecard
SCHD costs 0.09 points a year less; their one-year returns differ by 16.5 points.
| Measure | GARP | SCHD |
|---|---|---|
| Return | ||
| Total return, 1 year | +18.0% | +34.5% |
| Drawdown | ||
| Below its high | 7.0%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | MSCI USA Quality GARP Select Index | Dow Jones U.S. Dividend 100 Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.06% |
| Net assets, GARP as of Oct 27, 2026 and SCHD as of Aug 31, 2026 | $3.6bn | $112.3bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 43.5% | 41.7% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
Risk and return
Jan 24, 2020 to Oct 23, 2026 · 352 weekly returnsGARP returned more: +232.4% to +128.5%. SCHD swung less: 17.9% to 22.3%. GARP fell slightly less at its worst: −30.1% to −31.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | GARP | SCHD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +232.4% | +128.5% | GARP | Price change plus distributions, reinvested. |
| Annualized | +19.4% | +13.0% | GARP | Total return as a yearly rate. |
| Price return | +215.4% | +79.8% | GARP | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 22.3% | 17.9% | SCHD | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.9% | 12.7% | SCHD | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −30.1% | −31.1% | GARP (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.78 | 0.61 | GARP | Return above Treasury bills per unit of volatility. |
| Sortino | 1.16 | 0.86 | GARP | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.65 | 0.42 | GARP | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 352 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GARP and SCHD hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
GARP and SCHD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
GARP and SCHD do different jobs. What does each one do in a portfolio?
- What each follows. GARP follows MSCI USA Quality GARP Select Index and SCHD follows Dow Jones U.S. Dividend 100 Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Aug 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 GARP returned +18.0% and SCHD +34.5% with distributions reinvested, a gap of 16.5 points.
Data as of Oct 28, 2026.
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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.
SCHD
SCHD tracks an index of US dividend. Over the year to Oct 28, 2026 it returned +34.5% with distributions reinvested. The prospectus expense ratio is 0.06% a year. By its holdings filed for Aug 31, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 41.7%.
Questions people ask
- Which returned more over the last year, GARP or SCHD?
- In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and SCHD +34.5%.
- Which is cheaper, GARP or SCHD?
- SCHD is cheaper, by 0.09 percentage points a year. That is about $9 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.
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ETFIQ, GARP against SCHD, data as of Oct 28, 2026. https://etfiq.com/compare/any/garp-vs-schd
ETFIQ. (Oct 28, 2026). GARP against SCHD. Retrieved from https://etfiq.com/compare/any/garp-vs-schd
[GARP against SCHD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/garp-vs-schd)
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