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

In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and SHV +3.6%.

Which is cheaper, GARP or SHV?

Neither: GARP and SHV both charge 0.15% a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

GARP vs SHV: Differences, Returns & Fees

Share on X Download as PDF

Over the year to Oct 28, 2026, GARP returned +18.0% to SHV's +3.6%; 0% of their weight is in the same names.

askIQ about this page

askIQ about GARP and SHV

Net assets on Oct 27, 2026: $3.6bn for iShares MSCI USA Quality GARP ETF and $21.7bn for iShares 0-1 Year Treasury Bond ETF.

GARP on its own →SHV on its own →

At a glance

+18.0%

GARP total return, 1 year

+3.6%

SHV total return, 1 year

0.15%

GARP expense ratio

0.15%

SHV expense ratio

Pair scorecard

Both cost 0.15% a year; their one-year returns differ by 14.4 points; SHV is 6.0 times larger.

Points (pts) are percentage points.

GARP vs SHV: Differences, Returns & Fees
Measure	GARP	SHV
Return
Measure	GARP	SHV
Total return, 1 year	+18.0%	+3.6%
Drawdown
Measure	GARP	SHV
Below its high	7.0%, high on Oct 6, 2026
Benchmark
Measure	GARP	SHV
What it tracks	MSCI USA Quality GARP Select Index	ICE Short US Treasury Securities Index
Cost and size
Measure	GARP	SHV
Expense ratio	0.15%	0.15%
Net assets, as of Oct 27, 2026	$3.6bn	$21.7bn
Holdings
Measure	GARP	SHV
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 SHV 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 SHV

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 SHV

TREASURY BILL 4.98%

TREASURY BILL 4.17%

TREASURY BILL 3.90%

TREASURY BILL 3.72%

TREASURY BILL 3.58%

TREASURY BILL 3.48%

TREASURY BILL 3.35%

TREASURY BILL 3.31%

Check overlap with more funds →

Side by side

GARP iShares MSCI USA Quality GARP ETF SHV iShares 0-1 Year Treasury Bond ETF

Where it sits Stock ETF Bond ETF

Issuer iShares iShares

What it is Tracks the MSCI USA Quality GARP Tracks an index of 0-1 Year Treasury Bond

Total return, 1 year +18.0% +3.6%

Its benchmark over the same days +13.3% (PBUS) not measured

Gap to its benchmark +4.7 pts vs PBUS not measured

Expense ratio 0.15% 0.15%

Holdings 131 66

Net assets, as of Oct 27, 2026 $3.6bn $21.7bn

GARP and SHV 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.

SHV

SHV tracks an index of 0-1 Year Treasury Bond. Over the year to Oct 28, 2026 it returned +3.6% with distributions reinvested.

Questions people ask

Which returned more over the last year, GARP or SHV?: In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and SHV +3.6%.
Which is cheaper, GARP or SHV?: Neither: GARP and SHV both charge 0.15% a year. Fees come from each fund's prospectus.

Other comparisons

GARP vs SGOV GARP vs PULS GARP vs USFR GARP vs MINT SHV vs VOOG SHV vs VONG SHV vs SPYG SCHG vs SHV

Where to next

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

Sources and dates

GARP and SHV filings on SEC EDGAR ↗

GARP prospectus with the expense ratio (SEC) ↗

iShares page for GARP ↗

SHV prospectus with the expense ratio (SEC) ↗

iShares page for SHV ↗

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

Open data →

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