Data as of Oct 28, 2026.
GARP vs VTIP: Differences, Returns & Fees
Over the year to Oct 28, 2026, GARP returned +18.0% to VTIP's +2.2%; 0% 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 $20.9bn on Sep 30, 2026 for Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares.
Pair scorecard
VTIP costs 0.12 points a year less; their one-year returns differ by 15.8 points; VTIP is 6.1 times larger.
| Measure | GARP | VTIP |
|---|---|---|
| Return | ||
| Total return, 1 year | +18.0% | +2.2% |
| Drawdown | ||
| Below its high | 7.0%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | MSCI USA Quality GARP Select Index | Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.03% |
| Net assets, as of Sep 30, 2026 | $3.4bn | $20.9bn |
| Holdings | ||
| 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
Risk and return
Jan 24, 2020 to Oct 23, 2026 · 352 weekly returnsGARP returned more: +232.4% to +27.3%. VTIP swung less: 2.8% to 22.3%. VTIP fell less at its worst: −5.5% to −30.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | GARP | VTIP | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +232.4% | +27.3% | GARP | Price change plus distributions, reinvested. |
| Annualized | +19.4% | +3.6% | GARP | Total return as a yearly rate. |
| Price return | +215.4% | −0.9% | GARP | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 22.3% | 2.8% | VTIP | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.9% | 2.1% | VTIP | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −30.1% | −5.5% | VTIP | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.78 | 0.24 | GARP | Return above Treasury bills per unit of volatility. |
| Sortino | 1.16 | 0.31 | GARP | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.65 | 0.66 | VTIP (slight) | 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 VTIP hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
GARP and VTIP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
GARP and VTIP do different jobs. What does each one do in a portfolio?
- What each follows. GARP follows MSCI USA Quality GARP Select Index and VTIP follows Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index.
- Holdings in common. 0% 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 VTIP +2.2% with distributions reinvested, a gap of 15.8 points.
Data as of Oct 28, 2026.
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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.
VTIP
VTIP tracks an index of Short-Term Inflation-Protected Securities. Over the year to Oct 28, 2026 it returned +2.2% with distributions reinvested. The prospectus expense ratio is 0.03% a year.
Questions people ask
- Which returned more over the last year, GARP or VTIP?
- In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and VTIP +2.2%.
- Which is cheaper, GARP or VTIP?
- VTIP 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.
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 VTIP, data as of Oct 28, 2026. https://etfiq.com/compare/any/garp-vs-vtip
ETFIQ. (Oct 28, 2026). GARP against VTIP. Retrieved from https://etfiq.com/compare/any/garp-vs-vtip
[GARP against VTIP (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/garp-vs-vtip)
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