GARP
iShares MSCI USA Quality GARP ETF
GARP tracks an index composed of U.S. large- and mid-capitalization growth stocks exhibiting favorable value and quality characteristics.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
122.3 M
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
Fund sponsor | Blackrock Inc. |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Jan 14, 2020 |
Assets (mns) | $122 |
Expense ratio | 15 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Multi-Factor |
Weighting | Multi-Factor |
Holdings Transparency | Full |
Derivatives-based | Yes |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
NVIDIA CORP | 6.0 % |
ADOBE SYSTEMS INC | 5.7 % |
APPLE INC | 5.7 % |
ELI LILLY & CO | 5.4 % |
BROADCOM INC. | 4.7 % |
MICROSOFT CORP | 4.6 % |
TESLA MOTORS INC | 4.3 % |
APPLIED MATERIALS INC | 4.3 % |
MASTERCARD INCORPORATED CLASS A | 3.9 % |
KLA CORPORATION | 3.6 % |
Constituent Breakdown
Number of holdings | 164 |
Herfindahl-Hirschman Index | 288 |
Wgt avg mkt cap (mns) | $751,001 |
Large cap (>$10bn) | 99.0% |
Mid cap ($2-10bn) | 0.8% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 99.4% |
Emerging mkts. | 0.6% |
Country Exposure
UNITED STATES | 95.1 % | |
IRELAND | 2.0 % | |
SWITZERLAND | 1.0 % | |
ARGENTINA | 0.6 % |
Historical Performance
Standardized Performance (as of 09/07/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | -- | -- | -- | -- | -- | -- | -- | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.00 | 0% |
MSCI EAFE | 0.00 | 0% |
MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
Avg. volume (000) | 27 |
Turnover | 1.1% |
Avg. Bid/Ask (% of price) | 0.16% |
ADV of underlying (mns) | $142,730 |
Technical Indicators
Recent close | $48.92 |
30d moving avg. | $51.12 |
Annualized volatility | 0.0% |
Relative strength (RSI) | 83 |
Short interest (ETF) | 0.5% |
Short interest (underlying) | 2.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. GARP |
Expenses vs. GARP |
ALTAR Score™ vs. GARP |
---|---|---|---|---|
QYLD | Global X NASDAQ 100 Covered Call ETF | 48.2% | +45 bp | -0.6% |
QRMI | Global X NASDAQ 100 Risk Managed Income ETF | 48.2% | +45 bp | -0.7% |
QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | 48.1% | +45 bp | -0.6% |
NUSI | Nationwide Nasdaq-100 Risk-Managed Income ETF | 48.0% | +53 bp | -0.8% |
QTR | Global X NASDAQ 100 Tail Risk ETF | 48.0% | +11 bp | -0.2% |
QCLR | Global X NASDAQ 100 Collar 95-110 ETF | 47.9% | +10 bp | -0.2% |
QYLE | Global X Nasdaq 100 ESG Covered Call ETF | 46.5% | +45 bp | -0.5% |
XYLD | Global X S&P 500 Covered Call ETF | 44.3% | +45 bp | -0.3% |
XRMI | Global X S&P 500 Risk Managed Income ETF | 44.3% | +45 bp | -0.3% |
PBP | Invesco S&P 500 BuyWrite ETF | 44.3% | +34 bp | -0.2% |
Risk and Returns: GARP vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 9/6/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
GARP
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
GARP
4.9%
Cat. Avg
5.8%
ALTAR Score™ Calculation
Category Overview
There are 920 funds in the US Equity category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.5%. GARP's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places GARP in the 37th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GARPSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
GARP (15 bp) Percentile rank | 17 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
GARP | 15.0 | 15.8 | 30.8 |
Peer Avg. | 44.8 | 16.4 | 61.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .