Data as of Oct 28, 2026.

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GARP vs VOOG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, GARP returned +18.0% to VOOG's +12.1%; 53% 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 $27.8bn on Sep 30, 2026 for Vanguard S&P 500 Growth ETF.

At a glance
+18.0%
GARP total return, 1 year
+12.1%
VOOG total return, 1 year
0.15%
GARP expense ratio
0.05%
VOOG expense ratio

Pair scorecard

VOOG costs 0.10 points a year less; their one-year returns differ by 5.9 points; VOOG is 8.2 times larger.

GARP vs VOOG: Differences, Returns & Fees
MeasureGARPVOOG
Return
Total return, 1 year+18.0%+12.1%
Drawdown
Below its high7.0%, high on Oct 6, 20264.1%, high on Oct 6, 2026
Benchmark
What it tracksMSCI USA Quality GARP Select IndexS&P 500 Growth Index
Cost and size
Expense ratio0.15%0.05%
Net assets, as of Sep 30, 2026$3.4bn$27.8bn
Holdings
Holdings in common53%
Top ten holdings, share of the fund43.5%60.2%

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 VOOG
Return
Total return edge GARP +232.4% +185.7%
Annualized edge GARP +19.4% +16.8%
Price return edge GARP +215.4% +171.3%
Risk
Volatility edge VOOG (slight) 22.3% 21.8%
Max drawdown edge GARP (slight) −30.1% −32.0%
Downside capture 109.0% 99.7%
Beta 1.10 1.00
Risk-adjusted
Sharpe edge GARP 0.78 0.69
Sortino edge GARP 1.16 1.02
Treynor 0.157 0.151
Calmar edge GARP 0.65 0.52
Against the benchmark
Alpha +3.4% a year +0.1% a year
Alpha t-stat 1.15 0.33
Information ratio 0.59 0.06
Tracking error 7.9% 0.9%

Each against its own benchmark: GARP against PBUS, Jan 24, 2020 to Oct 23, 2026; VOOG against IVW, Sep 17, 2010 to Oct 23, 2026.

Reading

GARP returned more: +232.4% to +185.7%. VOOG swung slightly less: 21.8% to 22.3%. GARP fell slightly less at its worst: −30.1% to −32.0%.

Full scorecard

19 measures, with how each is measured
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Risk and return: GARP vs VOOG: Differences, Returns & Fees
MeasureGARPVOOGEdgeHow it is measured
Return
Total return+232.4%+185.7%GARPPrice change plus distributions, reinvested.
Annualized+19.4%+16.8%GARPTotal return as a yearly rate.
Price return+215.4%+171.3%GARPPrice change alone, distributions left out.
Risk
Volatility22.3%21.8%VOOG (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation14.9%14.6%TieLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−30.1%−32.0%GARP (slight)Deepest fall from a high to the low after it.
Upside capture133.9%99.6%Share of its benchmark's rise caught in the weeks it rose.
Downside capture109.0%99.7%Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta1.101.00Not an edgeHow far it moves for each 1% its benchmark moves.
R squared0.881.00Not an edgeShare of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe0.780.69GARPReturn above Treasury bills per unit of volatility.
Sortino1.161.02GARPReturn above Treasury bills per unit of downside deviation.
Treynor0.1570.151Return above Treasury bills per unit of beta.
Calmar0.650.52GARPAnnualized return divided by the max drawdown.
Against the benchmark
BenchmarkPBUSIVWThe ETF each fund is measured against.
Alpha+3.4% a year+0.1% a yearNot significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat1.150.33Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−2.4% to +9.2%−0.4% to +0.5%Includes zeroThe 95% range for the yearly alpha.
Information ratio0.590.06Return against its benchmark per unit of tracking error.
Tracking error7.9%0.9%Not an edgeHow far weekly returns stray from the benchmark, annualized.

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

53%

By the books each fund has filed, GARP and VOOG hold 53% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

53% in common

Positions both hold · largest shared weight first GARP VOOG
MICROSOFT 5.67% 10.34%
APPLE 5.66% 6.60%
NVIDIA 5.18% 15.01%
META PLATFORMS CLASS A 4.72% 4.34%
MICRON TECHNOLOGY 4.61% 3.27%
ALPHABET CLASS A 2.24% 5.48%
ALPHABET CLASS C 2.12% 4.39%
AMAZON.COM INC 2.12% 3.52%
ADVANCED MICRO DEVICES 2.01% 2.71%
ELI LILLY 1.78% 2.51%
BROADCOM INC 1.70% 4.54%
PALANTIR TECHNOLOGIES CLASS A 2.86% 1.17%
Only in one fund ↓
Only in GARP
ADOBE INC 2.17%
MERCADOLIBRE 1.86%
INTEL CORPORATION 1.81%
WESTERN DIGITAL CORP 1.73%
DELL TECHNOLOGIES INC CLASS C 0.66%
FREEPORT MCMORAN INC 0.49%
CHIPOTLE MEXICAN GRILL 0.44%
STEEL DYNAMICS INC 0.41%
Only in VOOG
Berkshire Hathaway Inc 2.52%
Tesla Inc 1.68%
JPMorgan Chase & Co 1.62%
Johnson & Johnson 1.02%
Sandisk Corp 0.69%
RTX Corp 0.68%
Cisco Systems Inc 0.61%
AbbVie Inc 0.58%
Check overlap with more funds →

Side by side

GARP iShares MSCI USA Quality GARP ETF VOOG Vanguard S&P 500 Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI USA Quality GARP Tracks the S&P 500 Growth
Total return, 1 year +18.0% +12.1%
Its benchmark over the same days +13.3% (PBUS) +12.1% (IVW)
Gap to its benchmark +4.7 pts vs PBUS 0.0 pts vs IVW
Expense ratio 0.15% 0.05%
Already in the S&P 500 94.4% 99.8%
Holdings 131 154
Net assets, GARP as of Oct 27, 2026 and VOOG as of Sep 30, 2026 $3.6bn $27.8bn

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

Client brief · page 1 of 2 Report BR-9B72E30B71

GARP and VOOG are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. GARP follows MSCI USA Quality GARP Select Index and VOOG follows S&P 500 Growth Index.
  2. One-year total return. Over 1 year to Oct 28, 2026 GARP returned +18.0% and VOOG +12.1% with distributions reinvested, a gap of 5.9 points.
  3. Cost. GARP charges 0.15% of assets a year and VOOG 0.05%, a gap of 0.10 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.

VOOG

VOOG tracks the S&P 500 Growth. Over the year to Oct 28, 2026 it returned +12.1% with distributions reinvested, against +12.1% for its benchmark, the S&P 500 Growth Index. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 154 positions, with the top ten at 60.2%. It sat 4.1% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, GARP or VOOG?
In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and VOOG +12.1%.
Which is cheaper, GARP or VOOG?
VOOG 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 VOOG overlap with the S&P 500?
By their latest filed holdings, 94% of GARP and 100% of VOOG by weight is stocks the S&P 500 already holds.
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ETFIQ, GARP against VOOG, data as of Oct 28, 2026. https://etfiq.com/compare/any/garp-vs-voog

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