Data as of Oct 28, 2026.

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GARP vs VBR: Differences, Returns & Fees

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Over the year to Oct 28, 2026, GARP returned +18.0% to VBR's +17.6%; 2% 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 $35.1bn on Sep 30, 2026 for Vanguard Morningstar Small-Cap Value ETF.

At a glance
+18.0%
GARP total return, 1 year
+17.6%
VBR total return, 1 year
0.15%
GARP expense ratio
0.05%
VBR expense ratio

Pair scorecard

VBR costs 0.10 points a year less; their one-year returns differ by 0.4 points; VBR is 10.3 times larger.

GARP vs VBR: Differences, Returns & Fees
MeasureGARPVBR
Return
Total return, 1 year+18.0%+17.6%
Drawdown
Below its high7.0%, high on Oct 6, 20263.9%, high on Aug 14, 2026
Benchmark
What it tracksMSCI USA Quality GARP Select IndexMorningstar US Small Cap Value Index
Cost and size
Expense ratio0.15%0.05%
Net assets, as of Sep 30, 2026$3.4bn$35.1bn
Holdings
Holdings in common2%
Top ten holdings, share of the fund43.5%5.9%

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

What they share

2%

By the books each fund has filed, GARP and VBR hold 2% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

2% in common

Positions both hold · largest shared weight first GARP VBR
JABIL 0.65% 0.68%
TAPESTRY 0.55% 0.52%
STEEL DYNAMICS INC 0.41% 0.34%
FLUTTER ENTERTAINMENT PLC 0.26% 0.23%
JACOBS SOLUTIONS INC 0.18% 0.36%
CENTENE CORP 0.12% 0.35%
UNITED THERAPEUTICS 0.08% 0.27%
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 VBR
Moderna Inc 0.79%
SLCMT1142 0.62%
Williams-Sonoma Inc 0.61%
Atmos Energy Corp 0.60%
F5 Inc 0.57%
Smurfit Westrock PLC 0.53%
Tenet Healthcare Corp 0.47%
Viatris Inc 0.46%
Check overlap with more funds →

Side by side

GARP iShares MSCI USA Quality GARP ETF VBR Vanguard Morningstar Small-Cap Value ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI USA Quality GARP Tracks an index of Small-Cap Value
Total return, 1 year +18.0% +17.6%
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% 0.05%
Already in the S&P 500 94.4% 30.4%
Holdings 131 822
Net assets, GARP as of Oct 27, 2026 and VBR as of Sep 30, 2026 $3.6bn $35.1bn

GARP and VBR 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.

VBR

VBR tracks an index of Small-Cap Value. Over the year to Oct 28, 2026 it returned +17.6% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 822 positions, with the top ten at 5.9%. It sat 3.9% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, GARP or VBR?
In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and VBR +17.6%.
Which is cheaper, GARP or VBR?
VBR 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 VBR overlap with the S&P 500?
By their latest filed holdings, 94% of GARP and 30% of VBR by weight is stocks the S&P 500 already holds.
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ETFIQ, GARP against VBR, data as of Oct 28, 2026. https://etfiq.com/compare/any/garp-vs-vbr

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