Data as of Oct 28, 2026.
GARP vs XLV: Differences, Returns & Fees
Over the year to Oct 28, 2026, GARP returned +18.0% to XLV's +25.6%; 3% 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 $47.0bn for State Street Health Care Select Sector SPDR ETF.
Pair scorecard
XLV costs 0.07 points a year less; their one-year returns differ by 7.6 points; XLV is 13.1 times larger.
| Measure | GARP | XLV |
|---|---|---|
| Return | ||
| Total return, 1 year | +18.0% | +25.6% |
| Drawdown | ||
| Below its high | 7.0%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | MSCI USA Quality GARP Select Index | Health Care Select Sector Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.08% |
| Net assets, as of Oct 27, 2026 | $3.6bn | $47.0bn |
| Holdings | ||
| Holdings in common | 3% | |
| Top ten holdings, share of the fund | 43.5% | 60.6% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Jan 24, 2020 to Oct 23, 2026 · 352 weekly returnsGARP returned more: +232.4% to +95.2%. XLV swung less: 17.8% to 22.3%. XLV fell less at its worst: −23.9% to −30.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | GARP | XLV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +232.4% | +95.2% | GARP | Price change plus distributions, reinvested. |
| Annualized | +19.4% | +10.4% | GARP | Total return as a yearly rate. |
| Price return | +215.4% | +75.0% | GARP | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 22.3% | 17.8% | XLV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.9% | 12.3% | XLV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −30.1% | −23.9% | XLV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.78 | 0.48 | GARP | Return above Treasury bills per unit of volatility. |
| Sortino | 1.16 | 0.69 | GARP | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.65 | 0.43 | GARP | 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 XLV hold 3% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
3% in common
Only in one fund ↓
Side by side
GARP and XLV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
GARP and XLV do different jobs. What does each one do in a portfolio?
- What each follows. GARP follows MSCI USA Quality GARP Select Index and XLV follows Health Care Select Sector Index.
- Holdings in common. 3% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 GARP returned +18.0% and XLV +25.6% with distributions reinvested, a gap of 7.6 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.
XLV
XLV tracks an index of Health care. Over the year to Oct 28, 2026 it returned +25.6% with distributions reinvested. 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 62 positions, with the top ten at 60.6%.
Questions people ask
- Which returned more over the last year, GARP or XLV?
- In the year to Oct 28, 2026, with distributions reinvested, GARP returned +18.0% and XLV +25.6%.
- Which is cheaper, GARP or XLV?
- XLV 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.
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.
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ETFIQ, GARP against XLV, data as of Oct 28, 2026. https://etfiq.com/compare/any/garp-vs-xlv
ETFIQ. (Oct 28, 2026). GARP against XLV. Retrieved from https://etfiq.com/compare/any/garp-vs-xlv
[GARP against XLV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/garp-vs-xlv)
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