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)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 .