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

In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and VTEB −0.4%.

Which is cheaper, GARP or VTEB?

VTEB is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

GARP vs VTEB: Differences, Returns & Fees

Share on X Download as PDF

Over the year to Oct 28, 2026, GARP returned +18.0% to VTEB's −0.4%; 0% of their weight is in the same names.

askIQ about this page

askIQ about GARP and VTEB

Net assets: $3.6bn on Oct 27, 2026 for iShares MSCI USA Quality GARP ETF, and $49.6bn on Sep 30, 2026 for Vanguard Tax-Exempt Bond ETF.

GARP on its own →VTEB on its own →

At a glance

+18.0%

GARP total return, 1 year

−0.4%

VTEB total return, 1 year

0.15%

GARP expense ratio

0.03%

VTEB expense ratio

Pair scorecard

VTEB costs 0.12 points a year less; their one-year returns differ by 18.4 points; VTEB is 14.6 times larger.

GARP vs VTEB: Differences, Returns & Fees
Measure	GARP	VTEB
Return
Measure	GARP	VTEB
Total return, 1 year	+18.0%	−0.4%
Drawdown
Measure	GARP	VTEB
Below its high	7.0%, high on Oct 6, 2026
Benchmark
Measure	GARP	VTEB
What it tracks	MSCI USA Quality GARP Select Index	S&P National AMT-Free Municipal Bond Index
Cost and size
Measure	GARP	VTEB
Expense ratio	0.15%	0.03%
Net assets, as of Sep 30, 2026	$3.4bn	$49.6bn
Holdings
Measure	GARP	VTEB
Holdings in common	0%
In the S&P 500, by weight	94%
Top ten holdings, share of the fund	43.5%

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

What they share

By the books each fund has filed, GARP and VTEB hold 0% 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

0% in common

Positions both hold · largest shared weight first GARP VTEB

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 VTEB

Vanguard Municipal Low Duration Fund 0.69%

State of California 0.15%

State of California 0.14%

New York State Dormitory Authority 0.13%

State of Illinois 0.12%

Ohio State University 0.12%

City of New York NY 0.10%

State of Wisconsin 0.10%

Check overlap with more funds →

Side by side

GARP iShares MSCI USA Quality GARP ETF VTEB Vanguard Tax-Exempt Bond ETF

Where it sits Stock ETF Bond ETF

Issuer iShares Vanguard

What it is Tracks the MSCI USA Quality GARP Tracks an index of Tax-Exempt Bond

Total return, 1 year +18.0% −0.4%

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% 0.03%

Holdings 131 11155

Net assets, GARP as of Oct 27, 2026 and VTEB as of Sep 30, 2026 $3.6bn $49.6bn

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

Alert

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.

VTEB

VTEB tracks an index of Tax-Exempt Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested. The prospectus expense ratio is 0.03% a year.

Questions people ask

Which returned more over the last year, GARP or VTEB?: In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and VTEB −0.4%.
Which is cheaper, GARP or VTEB?: VTEB is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

GARP vs MUB GARP vs HYMB GARP vs IUSB GARP vs VCSH VOOG vs VTEB VONG vs VTEB SPYG vs VTEB SCHG vs VTEB

Where to next

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

Sources and dates

GARP filings on SEC EDGAR ↗

GARP prospectus with the expense ratio (SEC) ↗

iShares page for GARP ↗

VTEB filings on SEC EDGAR ↗

VTEB prospectus with the expense ratio (SEC) ↗

Vanguard page for VTEB ↗

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

Open data →

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