GARP vs. GRW

Last updated Jun 3, 2026

GARP (iShares MSCI USA Quality GARP ETF) and GRW (TCW Durable Growth ETF) are both Large Cap Growth Equities funds. GARP is passively managed, while GRW is actively managed. A 0.50 correlation means they provide meaningful diversification when combined. GARP charges 0.15%/yr vs 0.75%/yr for GRW.

Performance

GARP vs. GRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Quality GARP ETF (GARP) and TCW Durable Growth ETF (GRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GARP

• 1D: -0.01%
• 1M: 12.94%
• YTD: 22.17%
• 6M: 23.18%
• 1Y: 46.14%
• 3Y*: 33.92%
• 5Y*: 20.74%
• 10Y*: —

GRW

• 1D: -0.13%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GARP vs. GRW - Yearly Performance Comparison

	2026 (YTD)
GARP iShares MSCI USA Quality GARP ETF	2.87%
GRW TCW Durable Growth ETF	1.61%

Correlation

The correlation between GARP and GRW is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.50

GARP vs. GRW - Sectors Allocation Comparison

Sectors	GARP	GRW
Technology	56.7%	26.6%
Communication Services	12.0%	9.1%
Financial Services	7.5%	9.8%
Industrials	6.9%	38.1%
Consumer Cyclical	6.1%	8.3%
Healthcare	5.4%	4.1%
Energy	2.7%	-
Utilities	1.4%	-
Basic Materials	0.9%	4.0%
Real Estate	0.4%	-
Consumer Defensive	-	-

Return for Risk

GARP vs. GRW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GARP

GARP Risk / Return Rank: 72
GARP Sharpe Ratio Rank: 79
GARP Sortino Ratio Rank: 72
GARP Omega Ratio Rank: 71
GARP Calmar Ratio Rank: 68
GARP Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GARP vs. GRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Quality GARP ETF (GARP) and TCW Durable Growth ETF (GRW). 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.

	GARP	GRW	Difference
Sharpe ratio Return per unit of total volatility	2.59	—	—
Sortino ratio Return per unit of downside risk	3.33	—	—
Omega ratio Gain probability vs. loss probability	1.43	—	—
Calmar ratio Return relative to maximum drawdown	3.41	—	—
Martin ratio Return relative to average drawdown	13.74	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GARP	GRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.95	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	37.56	-36.66

Drawdowns

GARP vs. GRW - Drawdown Comparison

The maximum GARP drawdown since its inception was -31.34%, which is greater than GRW's maximum drawdown of -0.13%. Use the drawdown chart below to compare losses from any high point for GARP and GRW.

Drawdown Indicators

	GARP	GRW	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-0.13%	-31.21%
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 Drawdown Current decline from peak	-0.01%	-0.13%	+0.12%
Average Drawdown Average peak-to-trough decline	-7.37%	-0.04%	-7.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.40%	—	—

Volatility

Volatility by Period

	GARP	GRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.87%	9.26%	+8.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.97%	9.26%	+12.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.90%	9.26%	+14.64%

GARP vs. GRW - Expense Ratio Comparison

GARP has a 0.15% expense ratio, which is lower than GRW's 0.75% expense ratio.

Dividends

GARP vs. GRW - Dividend Comparison

GARP's dividend yield for the trailing twelve months is around 0.25%, while GRW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
GARP iShares MSCI USA Quality GARP ETF	0.25%	0.31%	0.38%	0.75%	1.85%	0.67%	0.75%
GRW TCW Durable Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GARP and GRW in my portfolio?

GARP and GRW have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GARP or GRW?

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.

Which ETF is cheaper, GARP or GRW?

GARP is cheaper with a 0.15% expense ratio, compared with 0.75% for GRW.

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

GARP has the higher dividend yield at 0.25%, compared with 0.00% for GRW.

What is the main difference between GARP and GRW?

They also come from different issuers: iShares and TCW. Their fees differ too: 0.15% for GARP and 0.75% for GRW.