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

In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and VBK +10.3%.

Which is cheaper, GARP or VBK?

VBK is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 94% of GARP and 10% of VBK by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

GARP vs VBK: Differences, Returns & Fees

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Over the year to Oct 28, 2026, GARP returned +18.0% to VBK's +10.3%; 3% 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 $22.8bn on Sep 30, 2026 for Vanguard Morningstar Small-Cap Growth ETF.

GARP on its own →VBK on its own →

At a glance

+18.0%

GARP total return, 1 year

+10.3%

VBK total return, 1 year

0.15%

GARP expense ratio

0.05%

VBK expense ratio

Pair scorecard

VBK costs 0.10 points a year less; their one-year returns differ by 7.7 points; VBK is 6.7 times larger.

GARP vs VBK: Differences, Returns & Fees
Measure	GARP	VBK
Return
Measure	GARP	VBK
Total return, 1 year	+18.0%	+10.3%
Drawdown
Measure	GARP	VBK
Below its high	7.0%, high on Oct 6, 2026	8.0%, high on Aug 17, 2026
Benchmark
Measure	GARP	VBK
What it tracks	MSCI USA Quality GARP Select Index	Morningstar US Small Cap Growth Index
Cost and size
Measure	GARP	VBK
Expense ratio	0.15%	0.05%
Net assets, as of Sep 30, 2026	$3.4bn	$22.8bn
Holdings
Measure	GARP	VBK
Holdings in common	3%
Top ten holdings, share of the fund	43.5%	12.2%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

Risk and return

Jan 24, 2020 to Oct 23, 2026 · 352 weekly returns

GARP VBK

Return

Total return edge GARP +232.4% +67.4%

Annualized edge GARP +19.4% +7.9%

Price return edge GARP +215.4% +61.4%

Risk

Volatility edge GARP 22.3% 25.0%

Max drawdown edge GARP −30.1% −37.1%

Risk-adjusted

Sharpe edge GARP 0.78 0.31

Sortino edge GARP 1.16 0.45

Calmar edge GARP 0.65 0.21

Reading

GARP returned more: +232.4% to +67.4%. GARP swung less: 22.3% to 25.0%. GARP fell less at its worst: −30.1% to −37.1%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: GARP vs VBK: Differences, Returns & Fees
Measure	GARP	VBK	Edge	How it is measured
Return
Total return	+232.4%	+67.4%	GARP	Price change plus distributions, reinvested.
Annualized	+19.4%	+7.9%	GARP	Total return as a yearly rate.
Price return	+215.4%	+61.4%	GARP	Price change alone, distributions left out.
Risk
Volatility	22.3%	25.0%	GARP	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	14.9%	17.3%	GARP	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−30.1%	−37.1%	GARP	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.78	0.31	GARP	Return above Treasury bills per unit of volatility.
Sortino	1.16	0.45	GARP	Return above Treasury bills per unit of downside deviation.
Calmar	0.65	0.21	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 VBK hold 3% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

50%

0 half 100%

half

3% in common

Positions both hold · largest shared weight first GARP VBK

EMCOR GROUP 0.42% 0.95%

COEUR MINING 0.36% 0.47%

EVERPURE INC CLASS A 0.29% 1.18%

SHARKNINJA 0.20% 0.43%

BURLINGTON STORES 0.18% 0.48%

OKTA CLASS A 0.17% 1.00%

FABRINET 0.16% 0.43%

TWILIO CLASS A 0.16% 1.28%

FLEX LTD 0.13% 0.58%

NATERA 0.10% 1.61%

TECHNIPFMC PLC 0.10% 0.76%

CARPENTER TECHNOLOGY 0.08% 0.52%

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 VBK

SLCMT1142 2.09%

Revolution Medicines Inc 1.19%

Illumina Inc 1.18%

nVent Electric PLC 0.74%

Entegris Inc 0.67%

Guardant Health Inc 0.65%

Casey's General Stores Inc 0.64%

MACOM Technology Solutions Holdings Inc 0.59%

Check overlap with more funds →

Side by side

GARP iShares MSCI USA Quality GARP ETF VBK Vanguard Morningstar Small-Cap Growth ETF

Where it sits Stock ETF Stock ETF

Issuer iShares Vanguard

What it is Tracks the MSCI USA Quality GARP Tracks an index of Small-Cap Growth

Total return, 1 year +18.0% +10.3%

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% 0.05%

Already in the S&P 500 94.4% 10.2%

Holdings 131 554

Net assets, GARP as of Oct 27, 2026 and VBK as of Sep 30, 2026 $3.6bn $22.8bn

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

Client brief · page 1 of 2 Report BR-7D7CC6915E

GARP and VBK do different jobs. What does each one do in a portfolio?

What each follows. GARP follows MSCI USA Quality GARP Select Index and VBK follows Morningstar US Small Cap Growth Index.
Holdings in common. 3% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
One-year total return. Over 1 year to Oct 28, 2026 GARP returned +18.0% and VBK +10.3% with distributions reinvested, a gap of 7.7 points.

Data as of Oct 28, 2026.

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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.

VBK

VBK tracks an index of Small-Cap Growth. Over the year to Oct 28, 2026 it returned +10.3% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 10% of the fund by weight is stocks the S&P 500 also holds, across 554 positions, with the top ten at 12.2%. It sat 8.0% below its high of Aug 17, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, GARP or VBK?: In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and VBK +10.3%.
Which is cheaper, GARP or VBK?: VBK is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do GARP and VBK overlap with the S&P 500?: By their latest filed holdings, 94% of GARP and 10% of VBK by weight is stocks the S&P 500 already holds.

Other comparisons

GARP vs IWO GARP vs IJS GARP vs MDY GARP vs VBR VBK vs VOOG VBK vs VONG SPYG vs VBK SCHG vs VBK

Where to next

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

Sources and dates

GARP filings on SEC EDGAR ↗

GARP prospectus with the expense ratio (SEC) ↗

iShares page for GARP ↗

VBK filings on SEC EDGAR ↗

VBK prospectus with the expense ratio (SEC) ↗

Vanguard page for VBK ↗

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

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