Data as of Oct 28, 2026.

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GARP vs VWO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, GARP returned +18.0% to VWO's +4.8%; 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 $125.4bn on Sep 30, 2026 for Vanguard FTSE Emerging Markets ETF.

At a glance
+18.0%
GARP total return, 1 year
+4.8%
VWO total return, 1 year
0.15%
GARP expense ratio
0.06%
VWO expense ratio

Pair scorecard

VWO costs 0.09 points a year less; their one-year returns differ by 13.2 points; VWO is far larger, $125.4bn against $3.4bn.

GARP vs VWO: Differences, Returns & Fees
MeasureGARPVWO
Return
Total return, 1 year+18.0%+4.8%
Drawdown
Below its high7.0%, high on Oct 6, 20267.0%, high on Sep 4, 2026
Benchmark
What it tracksMSCI USA Quality GARP Select IndexFTSE Emerging Markets All Cap China A Inclusion Index
Cost and size
Expense ratio0.15%0.06%
Net assets, as of Sep 30, 2026$3.4bn$125.4bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund43.5%29.8%

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 VWO 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 VWO
CARPENTER TECHNOLOGY 0.08% 0.00%
ATLASSIAN CORP CLASS A 0.15% 0.00%
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 VWO
Taiwan Semiconductor Manufacturing Co Ltd 15.76%
SLCMT1142 2.96%
Tencent Holdings Ltd 2.82%
Alibaba Group Holding Ltd 2.11%
MediaTek Inc 1.88%
MKTLIQ 0.95%
Delta Electronics Inc 0.95%
China Construction Bank Corp 0.91%
Check overlap with more funds →

Side by side

GARP iShares MSCI USA Quality GARP ETF VWO Vanguard FTSE Emerging Markets ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI USA Quality GARP Tracks an index of Emerging markets
Total return, 1 year +18.0% +4.8%
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% 0.06%
Already in the S&P 500 94.4% 0.0%
Holdings 131 6515
Net assets, GARP as of Oct 27, 2026 and VWO as of Sep 30, 2026 $3.6bn $125.4bn

GARP and VWO 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.

VWO

VWO tracks an index of Emerging markets. Over the year to Oct 28, 2026 it returned +4.8% with distributions reinvested. 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 6,515 positions, with the top ten at 29.8%. It sat 7.0% below its high of Sep 4, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, GARP or VWO?
In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and VWO +4.8%.
Which is cheaper, GARP or VWO?
VWO 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 VWO overlap with the S&P 500?
By their latest filed holdings, 94% of GARP and 0% of VWO by weight is stocks the S&P 500 already holds.
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ETFIQ, GARP against VWO, data as of Oct 28, 2026. https://etfiq.com/compare/any/garp-vs-vwo

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