GARP vs. PLDR

Last updated Jul 14, 2026

GARP (iShares MSCI USA Quality GARP ETF) and PLDR (Putnam Sustainable Leaders ETF) are both exchange-traded funds - GARP is a Large Cap Growth Equities fund tracking the MSCI USA Quality GARP Select Index, while PLDR is a Sustainable fund actively managed by Power Corporation of Canada. GARP is passively managed, while PLDR is actively managed. Their correlation of 0.92 suggests significant overlap in exposure. GARP charges 0.15%/yr vs 0.59%/yr for PLDR.

Performance

GARP vs. PLDR - Performance Comparison

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

Returns By Period

GARP

• 1D: -1.09%
• 1M: 1.30%
• 6M: 15.03%
• YTD: 18.49%
• 1Y: 33.27%
• 3Y*: 29.83%
• 5Y*: 17.98%
• 10Y*: —

PLDR

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

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

GARP vs. PLDR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GARP iShares MSCI USA Quality GARP ETF	18.49%	21.49%	37.42%	42.86%	-26.75%	19.74%
PLDR Putnam Sustainable Leaders ETF	1.69%	12.03%	23.47%	27.47%	-22.52%	11.54%

Correlation

The correlation between GARP and PLDR is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since May 26, 2021	0.92

The correlation between GARP and PLDR shifts across timeframes, from 0.82 (1 year) to 0.92 (5 years), reflecting how their relationship changes across market environments.

GARP vs. PLDR - Sectors Allocation Comparison

Sectors	GARP	PLDR
Technology	54.7%	38.3%
Communication Services	11.4%	11.1%
Consumer Cyclical	8.8%	10.1%
Financial Services	7.7%	9.9%
Industrials	6.7%	8.4%
Healthcare	5.5%	7.5%
Energy	2.8%	3.1%
Utilities	1.2%	3.4%
Basic Materials	1.1%	2.3%
Real Estate	0.4%	0.6%
Consumer Defensive	-	5.3%

Return for Risk

GARP vs. PLDR — Risk / Return Rank

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

GARP

GARP Risk / Return Rank: 63
GARP Sharpe Ratio Rank: 66
GARP Sortino Ratio Rank: 62
GARP Omega Ratio Rank: 61
GARP Calmar Ratio Rank: 61
GARP Martin Ratio Rank: 65

PLDR

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. PLDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Quality GARP ETF (GARP) and Putnam Sustainable Leaders ETF (PLDR). 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	PLDR	Difference
Sharpe ratio: Return per unit of total volatility	1.71	—	—
Sortino ratio: Return per unit of downside risk	2.30	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.44	—	—
Martin ratio: Return relative to average drawdown	9.29	—	—

Drawdowns

Drawdown Indicators

	GARP	PLDR	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	—	—
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	-3.03%	—	—
Average Drawdown Average peak-to-trough decline	-7.29%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.59%	—	—

Volatility

Volatility by Period

	GARP	PLDR	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%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.29%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.95%	—	—

GARP vs. PLDR - Expense Ratio Comparison

GARP has a 0.15% expense ratio, which is lower than PLDR's 0.59% expense ratio.

Dividends

GARP vs. PLDR - Dividend Comparison

GARP's dividend yield for the trailing twelve months is around 0.27%, while PLDR has not paid dividends to shareholders.

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%
PLDR Putnam Sustainable Leaders ETF	0.37%	0.37%	0.38%	0.56%	0.63%	0.39%	0.00%

Frequently Asked Questions

Can I hold both GARP and PLDR in my portfolio?

GARP and PLDR have a correlation of 0.82, 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 PLDR?

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 PLDR?

GARP is cheaper with a 0.15% expense ratio, compared with 0.59% for PLDR.

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

PLDR has the higher dividend yield at 0.37%, compared with 0.27% for GARP.

What is the main difference between GARP and PLDR?

GARP is categorized as Large Cap Growth Equities, while PLDR is Sustainable. They also come from different issuers: iShares and Power Corporation of Canada. Their fees differ too: 0.15% for GARP and 0.59% for PLDR.