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
349.4 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) | $349 |
| 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 +
| MICROSOFT CORP | 5.5 % |
| MASTERCARD INCORPORATED CLASS A | 5.4 % |
| APPLE INC | 5.0 % |
| NVIDIA CORP | 4.5 % |
| ALPHABET INC. CLASS A | 3.9 % |
| META PLATFORMS INC | 3.8 % |
| ADOBE SYSTEMS INC | 3.8 % |
| ELI LILLY & CO | 3.7 % |
| KLA CORPORATION | 3.5 % |
| TESLA MOTORS INC | 3.4 % |
Constituent Breakdown
| Number of holdings | 132 |
| Herfindahl-Hirschman Index | 263 |
| Wgt avg mkt cap (mns) | $831,525 |
| Large cap (>$10bn) | 99.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.6% |
| Developed mkts. | 99.5% |
| Emerging mkts. | 0.6% |
Country Exposure
 |
UNITED STATES | 97.2 % |
 |
ARGENTINA | 0.9 % |
Historical Performance
Standardized Performance (as of 04/27/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -- | -- | -- | -- | -- | -- | -- | -- |
| Dividend Yield | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Returns | -- | -- | -- | -- | -- | -- | -- | -- | Ann. 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) | 82 |
| Turnover | 1.2% |
| Avg. Bid/Ask (% of price) | 0.16% |
| ADV of underlying (mns) | $150,868 |
Technical Indicators
| Recent close | $51.77 |
| 30d moving avg. | $50.66 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 42 |
| Short interest (ETF) | 0.3% |
| 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 |
|---|---|---|---|---|
| NUSI | Nationwide Nasdaq-100 Risk-Managed Income ETF | 44.2% | +53 bp | -0.2% |
| QYLD | Global X NASDAQ 100 Covered Call ETF | 43.6% | +45 bp | -0.3% |
| QRMI | Global X NASDAQ 100 Risk Managed Income ETF | 43.3% | +45 bp | -0.2% |
| QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | 43.2% | +45 bp | -0.4% |
| QTR | Global X NASDAQ 100 Tail Risk ETF | 42.4% | +11 bp | -0.1% |
| QCLR | Global X NASDAQ 100 Collar 95-110 ETF | 42.1% | +10 bp | +0.0% |
| XYLD | Global X S&P 500 Covered Call ETF | 41.9% | +45 bp | +0.4% |
| PBP | Invesco S&P 500 BuyWrite ETF | 41.8% | +34 bp | +0.5% |
| XRMI | Global X S&P 500 Risk Managed Income ETF | 41.7% | +45 bp | +0.5% |
| XYLG | Global X S&P 500 Covered Call & Growth ETF | 41.7% | +45 bp | +0.4% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 4/25/2025
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
4.8%
Cat. Avg
6.5%
ALTAR Score™ Calculation
Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™
of 6.5% and a standard deviation of
2.7%. GARP's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places GARP in the 25th 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. | 36.6 | 15.2 | 51.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .