GQQQ vs. GARP

Last updated Aug 5, 2026

GQQQ (Astoria US Quality Growth Kings ETF) and GARP (iShares MSCI USA Quality GARP ETF) are both Quality Factor funds. GQQQ is actively managed, while GARP is passively managed. Over the past year, GQQQ returned 31.34% vs 35.42% for GARP. Their 0.95 correlation means they have historically moved very closely together. GQQQ charges 0.35%/yr vs 0.15%/yr for GARP.

Performance

GQQQ vs. GARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Astoria US Quality Growth Kings ETF (GQQQ) 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, GQQQ achieves a 20.73% return, which is significantly lower than GARP's 22.34% return.

GQQQ

• 1D: 2.37%
• 1M: 2.54%
• 6M: 17.66%
• YTD: 20.73%
• 1Y: 31.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.85%

GARP

• 1D: 3.00%
• 1M: 3.39%
• 6M: 21.73%
• YTD: 22.34%
• 1Y: 35.42%
• 3Y*: 31.95%
• 5Y*: 18.15%
• 10Y*: —
• ALL TIME*: 20.87%

*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)
GARP iShares MSCI USA Quality GARP ETF	$28.51M	$26.26M	$23.18M
GQQQ Astoria US Quality Growth Kings ETF	$376.02K	$626.74K	$598.32K

GQQQ vs. GARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GQQQ Astoria US Quality Growth Kings ETF	20.73%	17.37%	1.52%
GARP iShares MSCI USA Quality GARP ETF	22.34%	21.49%	5.47%

Correlation

The correlation between GQQQ and GARP is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.95
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024	0.95

The correlation between GQQQ and GARP has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.

Return for Risk

GQQQ vs. GARP — Risk / Return Rank

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

GQQQ

GQQQ Risk / Return Rank: 67
GQQQ Sharpe Ratio Rank: 64
GQQQ Sortino Ratio Rank: 61
GQQQ Omega Ratio Rank: 59
GQQQ Calmar Ratio Rank: 72
GQQQ Martin Ratio Rank: 76

GARP

GARP Risk / Return Rank: 66
GARP Sharpe Ratio Rank: 69
GARP Sortino Ratio Rank: 65
GARP Omega Ratio Rank: 63
GARP Calmar Ratio Rank: 67
GARP Martin Ratio Rank: 69

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.

GQQQ vs. GARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Astoria US Quality Growth Kings ETF (GQQQ) 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.

	GQQQ	GARP	Difference
Sharpe ratio: Return per unit of total volatility	1.71	1.77	-0.06
Sortino ratio: Return per unit of downside risk	2.34	2.40	-0.06
Omega ratio: Gain probability vs. loss probability	1.29	1.30	-0.01
Calmar ratio: Return relative to maximum drawdown	2.86	2.60	+0.26
Martin ratio: Return relative to average drawdown	10.87	9.46	+1.42

GQQQ vs. GARP - Sharpe Ratio Comparison

The current GQQQ Sharpe Ratio is 1.71, which is comparable to the GARP Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of GQQQ 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

GQQQ vs. GARP - Drawdown Comparison

The maximum GQQQ drawdown since its inception was -22.36%, smaller than the maximum GARP drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for GQQQ and GARP.

Drawdown Indicators

	GQQQ	GARP	Difference
Max Drawdown Largest peak-to-trough decline	-22.36%	-31.34%	+8.98%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-13.69%	+2.67%
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	-1.08%	0.00%	-1.08%
Average Drawdown Average peak-to-trough decline	-3.13%	-7.26%	+4.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	3.76%	-0.87%

Volatility

GQQQ vs. GARP - Volatility Comparison

Astoria US Quality Growth Kings ETF (GQQQ) and iShares MSCI USA Quality GARP ETF (GARP) have volatilities of 6.31% and 6.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GQQQ	GARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.31%	6.40%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	15.43%	16.26%	-0.83%
Volatility (1Y) Calculated over the trailing 1-year period	18.45%	20.18%	-1.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.78%	22.39%	-1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.78%	23.94%	-3.16%

GQQQ vs. GARP - Expense Ratio Comparison

GQQQ has a 0.35% expense ratio, which is higher than GARP's 0.15% expense ratio.

Dividends

GQQQ vs. GARP - Dividend Comparison

GQQQ's dividend yield for the trailing twelve months is around 0.45%, more than GARP's 0.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
GARP iShares MSCI USA Quality GARP ETF	0.26%	0.31%	0.38%	0.75%	1.85%	0.67%	0.75%
GQQQ Astoria US Quality Growth Kings ETF	0.45%	0.46%	0.11%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GQQQ and GARP in my portfolio?

With a correlation of 0.95, GQQQ 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, GQQQ or GARP?

GARP has higher volatility (6.40%) compared to GQQQ (6.31%). In terms of maximum drawdown, GQQQ dropped -22.36% vs GARP's -31.34%.

Which ETF is better, GQQQ or GARP?

On 1-year performance, GARP leads with 35.42% vs 31.34% for GQQQ. On fees, GARP is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GQQQ or GARP?

Over the 1-year period, GARP has performed better with a 35.42% return vs 31.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GQQQ or GARP?

GARP is cheaper with a 0.15% expense ratio, compared with 0.35% for GQQQ.

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

GQQQ has the higher dividend yield at 0.45%, compared with 0.26% for GARP.

What is the main difference between GQQQ and GARP?

They also come from different issuers: Astoria and iShares. Their fees differ too: 0.35% for GQQQ and 0.15% for GARP.

Which has better risk-adjusted returns?

GARP currently has the higher Sharpe Ratio (1.77 vs 1.71), 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.