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

In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and XLI +10.2%.

Which is cheaper, GARP or XLI?

XLI is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do GARP and XLI overlap with the S&P 500?

By their latest filed holdings, 94% of GARP and 100% of XLI by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

GARP vs XLI: Differences, Returns & Fees

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Over the year to Oct 28, 2026, GARP returned +18.0% to XLI's +10.2%; 8% of their weight is in the same names.

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Net assets on Oct 27, 2026: $3.6bn for iShares MSCI USA Quality GARP ETF and $30.8bn for State Street Industrial Select Sector SPDR ETF.

GARP on its own →XLI on its own →

At a glance

+18.0%

GARP total return, 1 year

+10.2%

XLI total return, 1 year

0.15%

GARP expense ratio

0.08%

XLI expense ratio

Pair scorecard

XLI costs 0.07 points a year less; their one-year returns differ by 7.8 points; XLI is 8.6 times larger.

GARP vs XLI: Differences, Returns & Fees
Measure	GARP	XLI
Return
Measure	GARP	XLI
Total return, 1 year	+18.0%	+10.2%
Drawdown
Measure	GARP	XLI
Below its high	7.0%, high on Oct 6, 2026	9.4%, high on Aug 14, 2026
Benchmark
Measure	GARP	XLI
What it tracks	MSCI USA Quality GARP Select Index	Industrial Select Sector Index
Cost and size
Measure	GARP	XLI
Expense ratio	0.15%	0.08%
Net assets, as of Oct 27, 2026	$3.6bn	$30.8bn
Holdings
Measure	GARP	XLI
Holdings in common	8%
Top ten holdings, share of the fund	43.5%	37.8%

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

What they share

By the books each fund has filed, GARP and XLI hold 8% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

8% in common

Positions both hold · largest shared weight first GARP XLI

CATERPILLAR INC 3.29% 6.14%

GE AEROSPACE 0.93% 5.79%

UBER TECHNOLOGIES 0.70% 2.52%

COMFORT SYSTEMS USA 0.64% 0.85%

HOWMET AEROSPACE 0.54% 1.43%

QUANTA SERVICES INC 0.52% 1.63%

VERTIV HOLDINGS CLASS A 0.46% 1.50%

EMCOR GROUP 0.42% 0.55%

GE VERNOVA 0.24% 4.47%

JACOBS SOLUTIONS INC 0.18% 0.33%

DELTA AIR LINES 0.08% 0.91%

BLOOM ENERGY CLASS A 0.06% 1.21%

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%

KLA 3.09%

Only in XLI

RTX CORP 4.91%

UNION PACIFIC CORP 3.34%

DEERE + CO 3.01%

EATON CORP PLC 2.79%

BOEING CO 2.49%

LOCKHEED MARTIN CORP 2.37%

AUTOMATIC DATA PROCESSING 2.18%

PARKER HANNIFIN CORP 2.13%

Check overlap with more funds →

Side by side

GARP iShares MSCI USA Quality GARP ETF XLI State Street Industrial Select Sector SPDR ETF

Where it sits Stock ETF Stock ETF

Issuer iShares State Street

What it is Tracks the MSCI USA Quality GARP Tracks an index of Industrials

Total return, 1 year +18.0% +10.2%

Its benchmark over the same days +13.3% (PBUS) +13.6% (SPY)

Gap to its benchmark +4.7 pts vs PBUS −3.4 pts vs SPY

Expense ratio 0.15% 0.08%

Already in the S&P 500 94.4% 99.9%

Holdings 131 84

Net assets, as of Oct 27, 2026 $3.6bn $30.8bn

GARP and XLI 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.

XLI

XLI tracks an index of Industrials. Over the year to Oct 28, 2026 it returned +10.2% with distributions reinvested, against +13.6% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 84 positions, with the top ten at 37.8%. It sat 9.4% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, GARP or XLI?: In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and XLI +10.2%.
Which is cheaper, GARP or XLI?: XLI is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do GARP and XLI overlap with the S&P 500?: By their latest filed holdings, 94% of GARP and 100% of XLI by weight is stocks the S&P 500 already holds.

Other comparisons

GARP vs XLF GARP vs XLP GARP vs SCHH GARP vs XLB VOOG vs XLI VONG vs XLI SPYG vs XLI SCHG vs XLI

Where to next

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

Sources and dates

GARP filings on SEC EDGAR ↗

GARP prospectus with the expense ratio (SEC) ↗

iShares page for GARP ↗

XLI filings on SEC EDGAR ↗

XLI prospectus with the expense ratio (SEC) ↗

State Street website ↗

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

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