GARP vs SPY
Comparison between ISHARES MSCI USA QUALITY GARP ETF (GARP, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceGARP has outperformed SPY, delivering a return of +18.6% compared to +13.3%
GARP vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GARP
$1.40B
Winner
SPY
$652B
Expense Ratio
GARP
0.15%
Winner
SPY
0.09%
Max Drawdown
Winner
GARP
31.34%
SPY
56.47%
Sharpe Ratio
GARP
1.93
Winner
SPY
2.07
5Y Beta
GARP
1.30
Winner
SPY
1.00
P/E Ratio
GARP
33.74
Winner
SPY
28.24
Forward P/E
GARP
22.27
Winner
SPY
21.85
5Y Dividends CAGR
GARP
1.40%
Winner
SPY
5.43%
5Y EPS CAGR
Winner
GARP
30.47%
SPY
25.79%
Debt to Equity
GARP
30.06%
Winner
SPY
22.35%
P/S Ratio
GARP
5.21
Winner
SPY
3.55
P/B Ratio
GARP
8.61
Winner
SPY
5.29
GARP vs SPY - Holdings Comparison
GARP and SPY have 110 common holdings. Overlap is 43.91%
GARP's top 25 holdings weight is 68.59%. SPY's top 25 holdings weight is 51.32%.
| Rank | GARP | SPY |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 5.39% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | MICROSOFT CORP (MSFT) - 5.06% | APPLE INC (AAPL) - 6.48% |
| #3 | LAM RESEARCH CORP (LRCX) - 4.98% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | META PLATFORMS INC CLASS A (META) - 4.91% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | APPLE INC (AAPL) - 4.79% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | ALPHABET INC CLASS A (GOOGL) - 3.47% | BROADCOM INC (AVGO) - 3.09% |
| #7 | KLA CORP (KLAC) - 3.46% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | MICRON TECHNOLOGY INC (MU) - 3.30% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | AMPHENOL CORP CLASS A (APH) - 3.07% | TESLA INC (TSLA) - 1.73% |
| #10 | ADVANCED MICRO DEVICES INC (AMD) - 3.06% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | VISA INC CLASS A (V) - 3.00% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | BROADCOM INC (AVGO) - 2.62% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | ELI LILLY AND CO (LLY) - 2.43% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | UBER TECHNOLOGIES INC (UBER) - 2.36% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | FORTINET INC (FTNT) - 2.21% | WALMART INC (WMT) - 0.91% |
| #16 | ALPHABET INC CLASS C (GOOG) - 1.92% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | ADOBE INC (ADBE) - 1.78% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | ORACLE CORP (ORCL) - 1.67% | VISA INC CLASS A (V) - 0.85% |
| #19 | ARISTA NETWORKS INC (ANET) - 1.55% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | MASTERCARD INC CLASS A (MA) - 1.48% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | AMAZON.COM INC (AMZN) - 1.44% | INTEL CORP (INTC) - 0.65% |
| #22 | NETFLIX INC (NFLX) - 1.29% | NETFLIX INC (NFLX) - 0.64% |
| #23 | AMERICAN EXPRESS CO (AXP) - 1.20% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | QUANTA SERVICES INC (PWR) - 1.08% | CHEVRON CORP (CVX) - 0.58% |
| #25 | ROYAL CARIBBEAN GROUP (RCL) - 1.07% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 150 | 505 |
GARP vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
GARP
+13.86%
SPY
+9.11%
3M
Winner
GARP
+12.05%
SPY
+6.59%
6M
Winner
GARP
+15.40%
SPY
+10.56%
1Y
Winner
GARP
+44.32%
SPY
+32.04%
5Y(CAGR)
Winner
GARP
+18.64%
SPY
+13.35%
10Y(CAGR)
GARP
N/A
SPY
+15.49%
Max(CAGR)
Winner
GARP
+20.26%
SPY
+8.50%
GARP vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | GARP | SPY |
|---|---|---|
| 2026 | +12.42% | +8.27% |
| 2025 | +21.82% | +18.00% |
| 2024 | +39.76% | +25.59% |
| 2023 | +44.20% | +26.72% |
| 2022 | -26.95% | -18.64% |
| 2021 | +29.87% | +30.52% |
| 2020 | +26.51% | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
GARP vs SPY Drawdown Comparison
The maximum drawdown for GARP was -31.34%, occurring on Mar 23, 2020. Recovery took 76 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
| Rank | GARP | SPY |
|---|---|---|
| #1 | -31.34% Feb 19, 2020 - Jun 8, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -30.61% Dec 27, 2021 - Dec 1, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -23.73% Feb 19, 2025 - Jun 25, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -13.69% Jan 29, 2026 - Apr 16, 2026 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -13.45% Jul 10, 2024 - Oct 14, 2024 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -9.86% Sep 2, 2020 - Dec 1, 2020 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -9.27% Feb 12, 2021 - Apr 9, 2021 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -8.66% Oct 29, 2025 - Jan 6, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -8.34% Sep 3, 2021 - Oct 28, 2021 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -7.37% Mar 22, 2024 - May 14, 2024 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -6.13% Apr 26, 2021 - Jun 10, 2021 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -5.55% Jun 10, 2020 - Jun 23, 2020 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -5.41% Nov 19, 2021 - Dec 27, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -4.99% Dec 16, 2024 - Jan 22, 2025 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -4.32% Oct 14, 2024 - Nov 6, 2024 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between GARP and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (1999 - 2026)
GARP vs SPY dividend yield comparison.
| Year | GARP | SPY |
|---|---|---|
| 2026 | 0.05% | 0.24% |
| 2025 | 0.31% | 1.07% |
| 2024 | 0.38% | 1.21% |
| 2023 | 0.75% | 1.40% |
| 2022 | 1.85% | 1.65% |
| 2021 | 0.67% | 1.20% |
| 2020 | 0.75% | 1.52% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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