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Data as of Oct 28, 2026.

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GARP vs VLUE: Differences, Returns & Fees

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Over the year to Oct 28, 2026, GARP returned +18.0% to VLUE's +54.7%; 8% 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 $9.4bn on Oct 28, 2026 for iShares MSCI USA Value Factor ETF.

GARP on its own →VLUE on its own →
At a glance
+18.0%
GARP total return, 1 year
+54.7%
VLUE total return, 1 year
0.15%
GARP expense ratio
0.15%
VLUE expense ratio

Pair scorecard

Both cost 0.15% a year; their one-year returns differ by 36.7 points; VLUE is 2.6 times larger.

Points (pts) are percentage points.

GARP vs VLUE: Differences, Returns & Fees
MeasureGARPVLUE
Return
Total return, 1 year+18.0%+54.7%
Drawdown
Below its high7.0%, high on Oct 6, 2026
Benchmark
What it tracksMSCI USA Quality GARP Select IndexMSCI USA Enhanced Value Index
Cost and size
Expense ratio0.15%0.15%
Net assets, as of Oct 27, 2026$3.6bn$9.3bn
Holdings
Holdings in common8%
Top ten holdings, share of the fund43.5%42.8%

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

What they share

8%

By the books each fund has filed, GARP and VLUE hold 8% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

8% in common

Positions both hold · largest shared weight first GARP VLUE
MICRON TECHNOLOGY 4.61% 20.94%
DELL TECHNOLOGIES INC CLASS C 0.66% 1.72%
ADOBE INC 2.17% 0.63%
EXPEDIA GROUP 0.77% 0.61%
NEWMONT 0.21% 0.65%
WORKDAY CLASS A 0.18% 0.27%
OKTA CLASS A 0.17% 0.34%
TWILIO CLASS A 0.16% 0.42%
FLEX LTD 0.13% 0.24%
ON SEMICONDUCTOR CORP 0.13% 0.39%
CARNIVAL CORP LTD 0.12% 0.56%
CENTENE CORP 0.12% 0.54%
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%
LAM RESEARCH 3.31%
CATERPILLAR INC 3.29%
KLA 3.09%
Only in VLUE
CISCO SYSTEMS INC 4.37%
GENERAL MOTORS 3.54%
VERIZON COMMUNICATIONS INC 2.72%
AT&T 2.24%
HEWLETT PACKARD ENTERPRISE 1.95%
PFIZER 1.86%
BANK OF AMERICA 1.77%
QUALCOMM 1.73%
Check overlap with more funds →

Side by side

GARP iShares MSCI USA Quality GARP ETF VLUE iShares MSCI USA Value Factor ETF
Where it sits Stock ETF Stock ETF
Issuer iShares iShares
What it is Tracks the MSCI USA Quality GARP Tracks the MSCI USA Value Factor
Total return, 1 year +18.0% +54.7%
Its benchmark over the same days +13.3% (PBUS) +13.6% (MLRG)
Gap to its benchmark +4.7 pts vs PBUS +41.1 pts vs MLRG
Expense ratio 0.15% 0.15%
Already in the S&P 500 94.4% 96.6%
Holdings 131 148
Net assets, GARP as of Oct 27, 2026 and VLUE as of Oct 28, 2026 $3.6bn $9.4bn

GARP and VLUE 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.

VLUE

VLUE tracks the MSCI USA Value Factor. Over the year to Oct 28, 2026 it returned +54.7% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. By its holdings published by its issuer for Oct 27, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 148 positions, with the top ten at 42.8%.

Questions people ask

Which returned more over the last year, GARP or VLUE?
In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and VLUE +54.7%.
Which is cheaper, GARP or VLUE?
Neither: GARP and VLUE both charge 0.15% a year. Fees come from each fund's prospectus.
How much do GARP and VLUE overlap with the S&P 500?
By their latest filed holdings, 94% of GARP and 97% of VLUE by weight is stocks the S&P 500 already holds.
Other comparisons
GARP vs SPYDAVLV vs GARPGARP vs SPHDCGDV vs GARPVLUE vs VOOGVLUE vs VONGSPYG vs VLUESCHG vs VLUE
Where to next
GARP on its own →VLUE on its own →Hold both: look the portfolio through →Rankings →GARP dividend history →GARP holdings →VLUE dividend history →VLUE holdings →Standards and sources →
Sources and dates
GARP and VLUE filings on SEC EDGAR ↗
GARP prospectus with the expense ratio (SEC) ↗
iShares page for GARP ↗
VLUE prospectus with the expense ratio (SEC) ↗
iShares page for VLUE ↗

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

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