GARP vs. GARY
GARP (iShares MSCI USA Quality GARP ETF) and GARY (Mango Growth ETF) are both Large Cap Growth Equities funds. GARP is passively managed, while GARY is actively managed. Their correlation of 0.94 suggests significant overlap in exposure. GARP charges 0.15%/yr vs 0.77%/yr for GARY.
Performance
GARP vs. GARY - Performance Comparison
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Returns By Period
In the year-to-date period, GARP achieves a 18.49% return, which is significantly lower than GARY's 30.03% return.
GARP
- 1D
- -1.09%
- 1M
- 1.30%
- 6M
- 15.03%
- YTD
- 18.49%
- 1Y
- 33.27%
- 3Y*
- 29.83%
- 5Y*
- 17.98%
- 10Y*
- —
GARY
- 1D
- -1.55%
- 1M
- -0.00%
- 6M
- 22.99%
- YTD
- 30.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GARP vs. GARY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GARP iShares MSCI USA Quality GARP ETF | 18.49% | -0.23% |
GARY Mango Growth ETF | 30.03% | 0.15% |
Correlation
The correlation between GARP and GARY is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 22, 2025 | 0.94 |
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Return for Risk
GARP vs. GARY — Risk / Return Rank
GARP
GARY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GARP vs. GARY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Quality GARP ETF (GARP) and Mango Growth ETF (GARY). 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.
| GARP | GARY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | — | — |
| Martin ratioReturn relative to average drawdown | 9.29 | — | — |
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Drawdowns
GARP vs. GARY - Drawdown Comparison
The maximum GARP drawdown since its inception was -31.34%, which is greater than GARY's maximum drawdown of -10.28%. Use the drawdown chart below to compare losses from any high point for GARP and GARY.
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Drawdown Indicators
| GARP | GARY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.34% | -10.28% | -21.06% |
Max Drawdown (1Y)Largest decline over 1 year | -13.69% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -23.73% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.61% | — | — |
Current DrawdownCurrent decline from peak | -3.03% | -5.23% | +2.20% |
Average DrawdownAverage peak-to-trough decline | -7.29% | -1.87% | -5.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | — | — |
Volatility
GARP vs. GARY - Volatility Comparison
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Volatility by Period
| GARP | GARY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.86% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.55% | 21.84% | -2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.29% | 21.84% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.95% | 21.84% | +2.11% |
GARP vs. GARY - Expense Ratio Comparison
GARP has a 0.15% expense ratio, which is lower than GARY's 0.77% expense ratio.
Dividends
GARP vs. GARY - Dividend Comparison
GARP's dividend yield for the trailing twelve months is around 0.27%, more than GARY's 0.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GARP iShares MSCI USA Quality GARP ETF | 0.27% | 0.31% | 0.38% | 0.75% | 1.85% | 0.67% | 0.75% |
GARY Mango Growth ETF | 0.04% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, GARP and GARY 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.
On fees, GARP is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GARP is cheaper with a 0.15% expense ratio, compared with 0.77% for GARY.
GARP has the higher dividend yield at 0.27%, compared with 0.04% for GARY.
They also come from different issuers: iShares and Mango. Their fees differ too: 0.15% for GARP and 0.77% for GARY.
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