AESR vs. GARP

Last updated Aug 1, 2026

AESR (Anfield U.S. Equity Sector Rotation ETF) and GARP (iShares MSCI USA Quality GARP ETF) are both exchange-traded funds - AESR is a Large Cap Growth Equities fund actively managed by Regents Park, while GARP is a Quality Factor fund tracking the MSCI USA Quality GARP Select Index. AESR is actively managed, while GARP is passively managed. Over the past 5 years, AESR returned 13.23%/yr vs 17.48%/yr for GARP. Their correlation of 0.88 means they have usually moved in the same direction. AESR charges 1.46%/yr vs 0.15%/yr for GARP.

Performance

AESR vs. GARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Anfield U.S. Equity Sector Rotation ETF (AESR) and iShares MSCI USA Quality GARP ETF (GARP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AESR achieves a 14.91% return, which is significantly lower than GARP's 16.89% return.

AESR

• 1D: 0.10%
• 1M: -2.60%
• 6M: 10.93%
• YTD: 14.91%
• 1Y: 26.05%
• 3Y*: 22.31%
• 5Y*: 13.23%
• 10Y*: —
• ALL TIME*: 15.61%

GARP

• 1D: 0.66%
• 1M: -1.22%
• 6M: 14.45%
• YTD: 16.89%
• 1Y: 31.75%
• 3Y*: 28.85%
• 5Y*: 17.48%
• 10Y*: —
• ALL TIME*: 20.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AESR Anfield U.S. Equity Sector Rotation ETF	$621.56K	$632.25K	$1.84M
GARP iShares MSCI USA Quality GARP ETF	$25.65M	$25.43M	$23.00M

AESR vs. GARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AESR Anfield U.S. Equity Sector Rotation ETF	14.91%	20.34%	25.37%	21.03%	-17.52%	25.26%	17.52%
GARP iShares MSCI USA Quality GARP ETF	16.89%	21.49%	37.42%	42.86%	-26.75%	27.99%	26.51%

Correlation

The correlation between AESR and GARP is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (All Time) Calculated using the full available price history since Jan 16, 2020	0.88

The correlation between AESR and GARP has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

AESR vs. GARP - Sectors Allocation Comparison

Sectors	AESR	GARP
Technology	41.7%	54.7%
Communication Services	23.1%	11.0%
Consumer Cyclical	12.2%	9.1%
Industrials	9.1%	6.4%
Financial Services	6.5%	7.9%
Consumer Defensive	2.4%	-
Healthcare	2.0%	5.4%
Energy	1.3%	3.0%
Basic Materials	1.1%	1.1%
Utilities	0.3%	1.3%
Real Estate	0.3%	0.4%

Return for Risk

AESR vs. GARP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AESR

AESR Risk / Return Rank: 57
AESR Sharpe Ratio Rank: 50
AESR Sortino Ratio Rank: 47
AESR Omega Ratio Rank: 48
AESR Calmar Ratio Rank: 70
AESR Martin Ratio Rank: 68

GARP

GARP Risk / Return Rank: 64
GARP Sharpe Ratio Rank: 66
GARP Sortino Ratio Rank: 62
GARP Omega Ratio Rank: 60
GARP Calmar Ratio Rank: 63
GARP Martin Ratio Rank: 66

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AESR vs. GARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Anfield U.S. Equity Sector Rotation ETF (AESR) and iShares MSCI USA Quality GARP ETF (GARP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AESR	GARP	Difference
Sharpe ratio: Return per unit of total volatility	1.22	1.50	-0.28
Sortino ratio: Return per unit of downside risk	1.73	2.08	-0.34
Omega ratio: Gain probability vs. loss probability	1.22	1.26	-0.04
Calmar ratio: Return relative to maximum drawdown	2.41	2.19	+0.22
Martin ratio: Return relative to average drawdown	8.36	7.99	+0.37

AESR vs. GARP - Sharpe Ratio Comparison

The current AESR Sharpe Ratio is 1.22, which is comparable to the GARP Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of AESR and GARP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AESR vs. GARP - Drawdown Comparison

The maximum AESR drawdown since its inception was -31.06%, roughly equal to the maximum GARP drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for AESR and GARP.

Drawdown Indicators

	AESR	GARP	Difference
Max Drawdown Largest peak-to-trough decline	-31.06%	-31.34%	+0.28%
Max Drawdown (1Y) Largest decline over 1 year	-9.82%	-13.69%	+3.87%
Max Drawdown (3Y) Largest decline over 3 years	-19.85%	-23.73%	+3.88%
Max Drawdown (5Y) Largest decline over 5 years	-25.04%	-30.61%	+5.57%
Current Drawdown Current decline from peak	-6.39%	-4.34%	-2.05%
Average Drawdown Average peak-to-trough decline	-5.95%	-7.27%	+1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	3.75%	-0.92%

Volatility

AESR vs. GARP - Volatility Comparison

Anfield U.S. Equity Sector Rotation ETF (AESR) has a higher volatility of 6.50% compared to iShares MSCI USA Quality GARP ETF (GARP) at 5.68%. This indicates that AESR's price experiences larger fluctuations and is considered to be riskier than GARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AESR	GARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.50%	5.68%	+0.82%
Volatility (6M) Calculated over the trailing 6-month period	16.42%	16.18%	+0.24%
Volatility (1Y) Calculated over the trailing 1-year period	19.37%	20.02%	-0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.42%	22.34%	-3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.66%	23.92%	-3.26%

AESR vs. GARP - Expense Ratio Comparison

AESR has a 1.46% expense ratio, which is higher than GARP's 0.15% expense ratio.

Dividends

AESR vs. GARP - Dividend Comparison

AESR's dividend yield for the trailing twelve months is around 20.03%, more than GARP's 0.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AESR Anfield U.S. Equity Sector Rotation ETF	20.03%	23.02%	0.17%	0.33%	0.73%	6.59%	1.06%	0.33%
GARP iShares MSCI USA Quality GARP ETF	0.27%	0.31%	0.38%	0.75%	1.85%	0.67%	0.75%	0.00%

Frequently Asked Questions

Can I hold both AESR and GARP in my portfolio?

With a correlation of 0.91, AESR and GARP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AESR or GARP?

AESR has higher volatility (6.50%) compared to GARP (5.68%). In terms of maximum drawdown, AESR dropped -31.06% vs GARP's -31.34%.

Which ETF is better, AESR or GARP?

On 5-year performance, GARP leads with 17.48% vs 13.23% for AESR. On fees, GARP is cheaper at 0.15% per year. On volatility, GARP has been the lower-risk option at 5.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AESR or GARP?

Over the 5-year period, GARP has performed better with a 17.48% return vs 13.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AESR or GARP?

GARP is cheaper with a 0.15% expense ratio, compared with 1.46% for AESR.

Which ETF pays a higher dividend yield, AESR or GARP?

AESR has the higher dividend yield at 20.03%, compared with 0.27% for GARP.

What is the main difference between AESR and GARP?

AESR is categorized as Large Cap Growth Equities, while GARP is Quality Factor. They also come from different issuers: Regents Park and iShares. Their fees differ too: 1.46% for AESR and 0.15% for GARP.

Which has better risk-adjusted returns?

GARP currently has the higher Sharpe Ratio (1.50 vs 1.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.