Data as of Oct 28, 2026.

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GARP vs SIVR: Differences, Returns & Fees

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GARP is an equity index fund and SIVR a commodity fund, and over the year to Oct 28, 2026, GARP returned +18.0% against +15.0%.

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Net assets: $3.6bn on Oct 27, 2026 for iShares MSCI USA Quality GARP ETF, and $3.7bn on Oct 28, 2026 for abrdn Physical Silver Shares ETF.

At a glance
+18.0%
GARP total return, 1 year
+15.0%
SIVR total return, 1 year
0.15%
GARP expense ratio
0.30%
SIVR expense ratio

Pair scorecard

GARP costs 0.15 points a year less; their one-year returns differ by 3.0 points.

GARP vs SIVR: Differences, Returns & Fees
MeasureGARPSIVR
Return
Total return, 1 year+18.0%+15.0%
Drawdown
Below its high7.0%, high on Oct 6, 202653.5%, high on Jan 28, 2026
Benchmark
What it tracksMSCI USA Quality GARP Select IndexSilver
Cost and size
Expense ratio0.15%0.30%
Net assets, GARP as of Oct 27, 2026 and SIVR as of Oct 28, 2026$3.6bn$3.7bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight94%
Top ten holdings, share of the fund43.5%

Method

Side by side

GARP iShares MSCI USA Quality GARP ETF SIVR abrdn Physical Silver Shares ETF
Where it sits Stock ETF Commodity ETF
Issuer iShares abrdn
What it is Tracks the MSCI USA Quality GARP Holds silver
Total return, 1 year +18.0% +15.0%
Its benchmark over the same days +13.3% (PBUS) +14.9% (SLV)
Gap to its benchmark +4.7 pts vs PBUS +0.1 pts vs SLV
Expense ratio 0.15% 0.30%
Holdings 131 not counted
Net assets, GARP as of Oct 27, 2026 and SIVR as of Oct 28, 2026 $3.6bn $3.7bn

GARP and SIVR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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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.

SIVR

Its expense ratio is 0.30% a year, for the three months to Jun 30, 2026, as its 10-Q states.

SIVR holds silver. Over the year to Oct 28, 2026 it returned +15.0% with distributions reinvested, against +14.9% for its benchmark, the price of silver. It sat 53.5% below its high of Jan 28, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, GARP or SIVR?
In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and SIVR +15.0%.
Which is cheaper, GARP or SIVR?
GARP is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's own filings.
Other comparisons
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ETFIQ, GARP against SIVR, data as of Oct 28, 2026. https://etfiq.com/compare/any/garp-vs-sivr

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