Which is cheaper, GARP or SQS?

GARP is cheaper, by 0.65 percentage points a year. That is about $65 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do GARP and SQS overlap with the S&P 500?

By their latest filed holdings, 94% of GARP and 92% of SQS by weight is stocks the S&P 500 already holds.

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GARP vs SQS: Differences, Returns & Fees

GARP and SQS hold 32% of their weight in the same names. Net assets: $3.6bn on Oct 20, 2026 for iShares MSCI USA Quality GARP ETF, and $1.4bn on Jul 31, 2026 for Sapient Quality Select ETF.

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Answers cite the figures on this page.

GARP costs 0.65 points a year less; GARP is 1.9 times larger.

GARP vs SQS: Differences, Returns & Fees
	GARP	SQS
Expense ratio	0.15%	0.80%
Net assets, as of Jul 31, 2026	$2.6bn	$1.4bn
Total return, 1 year	+22.3%	not published
What it tracks	MSCI USA Quality GARP Select Index	not published
Holdings in common	32%
Top ten holdings, share of the fund	44.0%	54.2%
Below its high	6.7%, high on Oct 6, 2026	4.1%, high on Aug 13, 2026

Holdings in common uses holdings dated Jul 31, 2026 and Oct 19, 2026.

+22.3%

GARP total return, 1 year

+9.7%

SQS total return, since launch, Mar 16, 2026

0.15%

GARP expense ratio

0.80%

SQS expense ratio

What they hold in common

By the books each fund has filed, GARP and SQS hold 32% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 19, 2026.

50%

half

32% in common

Positions both hold, largest shared weight first

Holding GARP SQS

APPLE 5.51% 7.77%

NVIDIA 5.08% 9.01%

MICRON TECHNOLOGY 4.43% 3.52%

MICROSOFT 5.61% 3.01%

META PLATFORMS CLASS A 5.29% 2.44%

ALPHABET CLASS A 2.37% 7.92%

AMAZON.COM INC 2.17% 5.86%

ELI LILLY 1.70% 4.86%

BROADCOM INC 1.64% 4.32%

GE AEROSPACE 0.96% 1.76%

SERVICENOW 0.65% 0.92%

UBER TECHNOLOGIES 0.74% 0.64%

Only in GARP

VISA CLASS A 5.07%

LAM RESEARCH 3.69%

CATERPILLAR INC 3.30%

KLA 3.30%

PALANTIR TECHNOLOGIES CLASS A 2.75%

ALPHABET CLASS C 2.24%

ADOBE INC 2.13%

APPLIED MATERIAL INC 2.13%

Only in SQS

JPMORGAN CHASE & CO. 3.39%

Ascendis Pharma A/S 2.63%

Taiwan Semiconductor Manufacturing Co Ltd 2.27%

Bank of America Corp 2.04%

Goldman Sachs Group Inc 1.84%

Costco Wholesale Corp 1.81%

Wells Fargo & Co 1.80%

Chevron Corp 1.69%

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On the same fields

GARP

iShares MSCI USA Quality GARP ETF

SQS

Sapient Quality Select ETF

Where it sits Stock ETF Stock ETF

Issuer iShares Sapient Capital

What it is Tracks the MSCI USA Quality GARP Equity fund

Total return, 1 year +22.3% +9.7% (since launch, Mar 16, 2026)

Its benchmark over the same days +15.4% (PBUS) not measured

Gap to its benchmark +6.9 pts vs PBUS not measured

Expense ratio 0.15% 0.80%

Already in the S&P 500 94.4% 91.7%

Holdings 131 35

Net assets, GARP as of Oct 20, 2026 and SQS as of Jul 31, 2026 $3.6bn $1.4bn

GARP and SQS 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 SQS

The prospectus expense ratio is 0.80% a year. By its holdings filed for Jul 31, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 35 positions, with the top ten at 54.2%. It sat 4.1% below its high of Aug 13, 2026 on Oct 20, 2026.

Questions people ask

Which is cheaper, GARP or SQS?: GARP is cheaper, by 0.65 percentage points a year. That is about $65 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do GARP and SQS overlap with the S&P 500?: By their latest filed holdings, 94% of GARP and 92% of SQS by weight is stocks the S&P 500 already holds.

Other comparisons

GARP vs PTNQ GARP vs PWRD GARP vs WINN GARP vs TGRT IVW vs SQS IWF vs SQS SQS vs VUG QQQ vs SQS

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

Where these figures came from

GARP filings on SEC EDGAR ↗GARP prospectus with the expense ratio (SEC) ↗iShares page for GARP ↗SQS filings on SEC EDGAR ↗SQS prospectus with the expense ratio (SEC) ↗Sapient Capital website ↗

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 SQS, data as of Oct 20, 2026. https://etfiq.com/compare/any/garp-vs-sqs

Open data

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