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Data as of Oct 28, 2026.

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GARP vs USFR: Differences, Returns & Fees

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Over the year to Oct 28, 2026, GARP returned +18.0% to USFR's +4.1%; 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 $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund.

GARP on its own →USFR on its own →
At a glance
+18.0%
GARP total return, 1 year
+4.1%
USFR total return, 1 year
0.15%
GARP expense ratio
0.15%
USFR expense ratio

Pair scorecard

Both cost 0.15% a year; their one-year returns differ by 13.9 points.

Points (pts) are percentage points.

GARP vs USFR: Differences, Returns & Fees
MeasureGARPUSFR
Return
Total return, 1 year+18.0%+4.1%
Drawdown
Below its high7.0%, high on Oct 6, 2026
Benchmark
What it tracksMSCI USA Quality GARP Select IndexBloomberg U.S. Treasury Floating Rate Bond Index
Cost and size
Expense ratio0.15%0.15%
Net assets, GARP as of Oct 27, 2026 and USFR as of May 31, 2026$3.6bn$17.0bn
Holdings
Holdings in common0%
In the S&P 500, by weight94%
Top ten holdings, share of the fund43.5%

Holdings in common uses holdings dated May 31, 2026 and Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, GARP and USFR hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first GARP USFR
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 USFR
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 27.95%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 27.93%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 27.91%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 15.90%
Check overlap with more funds →

Side by side

GARP iShares MSCI USA Quality GARP ETF USFR WisdomTree Floating Rate Treasury Fund
Where it sits Stock ETF Bond ETF
Issuer iShares WisdomTree
What it is Tracks the MSCI USA Quality GARP Tracks an index of Floating Rate Treasury
Total return, 1 year +18.0% +4.1%
Its benchmark over the same days +13.3% (PBUS) +4.0% (TFLO)
Gap to its benchmark +4.7 pts vs PBUS +0.1 pts vs TFLO
Expense ratio 0.15% 0.15%
Holdings 131 4
Net assets, GARP as of Oct 27, 2026 and USFR as of May 31, 2026 $3.6bn $17.0bn

GARP and USFR 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.

USFR

USFR tracks an index of Floating Rate Treasury. Over the year to Oct 28, 2026 it returned +4.1% with distributions reinvested, against +4.0% for its benchmark, the Bloomberg U.S. Treasury Floating Rate Bond Index.

Questions people ask

Which returned more over the last year, GARP or USFR?
In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and USFR +4.1%.
Which is cheaper, GARP or USFR?
Neither: GARP and USFR both charge 0.15% a year. Fees come from each fund's prospectus.
Other comparisons
BOXX vs GARPGARP vs VBILGARP vs VUSBGARP vs SGOVUSFR vs VOOGUSFR vs VONGSPYG vs USFRSCHG vs USFR
Where to next
GARP on its own →USFR on its own →Hold both: look the portfolio through →Rankings →GARP dividend history →GARP holdings →USFR dividend history →USFR holdings →Standards and sources →
Sources and dates
GARP filings on SEC EDGAR ↗
GARP prospectus with the expense ratio (SEC) ↗
iShares page for GARP ↗
USFR filings on SEC EDGAR ↗
USFR prospectus with the expense ratio (SEC) ↗
WisdomTree page for USFR ↗

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

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