Data as of Oct 28, 2026.

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GARP vs VTWO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, GARP returned +18.0% to VTWO's +14.3%; 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 $16.6bn on Sep 30, 2026 for Vanguard Russell 2000 ETF.

At a glance
+18.0%
GARP total return, 1 year
+14.3%
VTWO total return, 1 year
0.15%
GARP expense ratio
0.06%
VTWO expense ratio

Pair scorecard

VTWO costs 0.09 points a year less; their one-year returns differ by 3.7 points; VTWO is 4.9 times larger.

GARP vs VTWO: Differences, Returns & Fees
MeasureGARPVTWO
Return
Total return, 1 year+18.0%+14.3%
Drawdown
Below its high7.0%, high on Oct 6, 20267.5%, high on Aug 14, 2026
Benchmark
What it tracksMSCI USA Quality GARP Select IndexRussell 2000 Index
Cost and size
Expense ratio0.15%0.06%
Net assets, as of Sep 30, 2026$3.4bn$16.6bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund43.5%5.4%

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

What they share

0%

By the books each fund has filed, GARP and VTWO hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first GARP VTWO
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 VTWO
SLBBH1142 2.36%
Twist Bioscience Corp 0.42%
Moog Inc 0.36%
10X Genomics Inc 0.35%
JFrog Ltd 0.35%
UMB Financial Corp 0.32%
BrightSpring Health Services Inc 0.31%
Glaukos Corp 0.31%
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Side by side

GARP iShares MSCI USA Quality GARP ETF VTWO Vanguard Russell 2000 ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI USA Quality GARP Tracks the Russell 2000
Total return, 1 year +18.0% +14.3%
Its benchmark over the same days +13.3% (PBUS) +14.1% (IWM)
Gap to its benchmark +4.7 pts vs PBUS +0.2 pts vs IWM
Expense ratio 0.15% 0.06%
Already in the S&P 500 94.4% 0.5%
Holdings 131 2002
Net assets, GARP as of Oct 27, 2026 and VTWO as of Sep 30, 2026 $3.6bn $16.6bn

GARP and VTWO 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.

VTWO

VTWO tracks the Russell 2000. Over the year to Oct 28, 2026 it returned +14.3% with distributions reinvested, against +14.1% for its benchmark, the Russell 2000 Index. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,002 positions, with the top ten at 5.4%. It sat 7.5% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, GARP or VTWO?
In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and VTWO +14.3%.
Which is cheaper, GARP or VTWO?
VTWO is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do GARP and VTWO overlap with the S&P 500?
By their latest filed holdings, 94% of GARP and 0% of VTWO by weight is stocks the S&P 500 already holds.
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ETFIQ, GARP against VTWO, data as of Oct 28, 2026. https://etfiq.com/compare/any/garp-vs-vtwo

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