iShares MSCI USA Quality GARP ETF
$85.08−0.57 (−0.67%)
- Expense ratio
- 0.15%
- Fund size
- $3.3B
- 1Y return
- +29.7%
- Yield · Last 12 months
- 0.24%
- Holdings
- 130
- Volume · 30D
- 0.3M sh
- NAV per share
- $85.37
- 52W range
The ETF.net GARP Grade
Score 69 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 81Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 84Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 44Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 80Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 29Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 61Category rank
Our read on GARP
BGrowth at a reasonable price is usually a stock-picker's discipline. GARP hard-codes it: US large and mid caps screened for growth, then filtered for value and quality, roughly 130 names, at a fee under the factor-fund norm.
The fund seeks to track an index of U.S. growth stocks that exhibit favorable value and quality characteristics.
Why people hold it
- Fee of 0.15% runs at roughly half the 0.28% median for its US factor peer group, and undercuts iShares' own SUSA at 0.25%.
- Three screens, one ticker: MSCI ranks US large and mid cap growth stocks, then keeps the ones with favorable value and quality marks.ishares.com
- Rules first: holdings come from the MSCI USA Quality GARP Select Index, a disclosed rulebook rather than a manager's call on what counts as reasonably priced.ishares.com
- A multi-billion-dollar iShares fund that pays quarterly, and one of the better-standing options in its US factor cohort.
Worth knowing
- Roughly 130 names drawn from a growth universe: a concentrated slice of the US market, not a broad-market core.
- Value and quality act as filters on a growth list, not the starting point, so it sits nearer growth funds than a deep value sleeve.
- Launched in 2020 and moderately traded rather than a volume giant, so spreads are worth checking, especially on larger orders.
GARP Holdings
- Stocks
- 130
- 43%
- AAPL
Sectors
- Technology57.4%
- Communication11.2%
- Consumer Discr.10.4%
- Industrials8.7%
- Financials6.0%
- Health Care3.1%
- Materials1.7%
- Utilities0.5%
- Energy0.5%
- Real Estate0.3%
Geography
- United States97.81%
- Uruguay1.92%
- Cayman Islands0.24%
- Australia0.03%
GARP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | GARP |
|---|---|
| Year to date | +26.0% |
| 1 month | +3.2% |
| 3 months | +5.5% |
| 1 year | +29.7% |
| 3 years | +34.4% |
| 5 years | +18.9% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GARP |
|---|---|---|
| 2026 YTD | +26.0% | |
| 2025 | +21.5% | |
| 2024 | +37.4% | |
| 2023 | +42.9% | |
| 2022 | −26.7% | |
| 2021 | +28.0% | |
| 2020 | +26.5% |
GARP in the news
ETF.net Research hasn’t filed on GARP yet — coverage lands here as it’s written.
GARP Dividends
- 0.24%
- $0.21
- $0.05 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 15, 2026 | Sep 18, 2026 | $0.05 |
| Jun 15, 2026 | Jun 18, 2026 | $0.05 |
| Mar 17, 2026 | Mar 20, 2026 | $0.04 |
| Dec 16, 2025 | Dec 19, 2025 | $0.06 |
| Sep 16, 2025 | Sep 19, 2025 | $0.06 |
| Jun 16, 2025 | Jun 20, 2025 | $0.04 |
| Mar 18, 2025 | Mar 21, 2025 | $0.05 |
| Dec 30, 2024 | Jan 3, 2025 | $0.0027 |
| Dec 17, 2024 | Dec 20, 2024 | $0.07 |
| Sep 25, 2024 | Sep 30, 2024 | $0.07 |
| Jun 11, 2024 | Jun 17, 2024 | $0.04 |
| Mar 21, 2024 | Mar 27, 2024 | $0.03 |
GARP Risk
- 18.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.35
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −30.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.19
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GARP Cost
- The middle half of US Factor Index funds
- Median 0.30%
4 of the 29 US Factor Index funds charge less.