IQSU vs. GARP
Compare and contrast key facts about IQ Candriam ESG U.S. Equity ETF (IQSU) and iShares MSCI USA Quality GARP ETF (GARP).
IQSU and GARP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IQSU is a passively managed fund by New York Life that tracks the performance of the IQ Candriam ESG US Equity Index. It was launched on Dec 17, 2019. GARP is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality GARP Select Index. It was launched on Jan 14, 2020. Both IQSU and GARP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IQSU or GARP.
Correlation
The correlation between IQSU and GARP is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IQSU vs. GARP - Performance Comparison
Key characteristics
IQSU:
0.27
GARP:
0.54
IQSU:
0.52
GARP:
0.91
IQSU:
1.07
GARP:
1.13
IQSU:
0.26
GARP:
0.61
IQSU:
1.01
GARP:
2.13
IQSU:
5.31%
GARP:
6.75%
IQSU:
20.01%
GARP:
26.59%
IQSU:
-31.29%
GARP:
-31.34%
IQSU:
-11.55%
GARP:
-12.50%
Returns By Period
The year-to-date returns for both stocks are quite close, with IQSU having a -7.66% return and GARP slightly lower at -7.88%.
IQSU
-7.66%
-3.41%
-6.03%
4.39%
15.00%
N/A
GARP
-7.88%
-1.50%
-3.05%
13.67%
19.13%
N/A
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IQSU vs. GARP - Expense Ratio Comparison
IQSU has a 0.09% expense ratio, which is lower than GARP's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IQSU vs. GARP — Risk-Adjusted Performance Rank
IQSU
GARP
IQSU vs. GARP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Candriam ESG U.S. Equity ETF (IQSU) 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.
Dividends
IQSU vs. GARP - Dividend Comparison
IQSU's dividend yield for the trailing twelve months is around 1.21%, more than GARP's 0.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
IQSU IQ Candriam ESG U.S. Equity ETF | 1.21% | 1.12% | 1.15% | 1.47% | 1.07% | 0.98% | 0.06% |
GARP iShares MSCI USA Quality GARP ETF | 0.45% | 0.38% | 0.75% | 1.85% | 0.67% | 0.75% | 0.00% |
Drawdowns
IQSU vs. GARP - Drawdown Comparison
The maximum IQSU drawdown since its inception was -31.29%, roughly equal to the maximum GARP drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for IQSU and GARP. For additional features, visit the drawdowns tool.
Volatility
IQSU vs. GARP - Volatility Comparison
The current volatility for IQ Candriam ESG U.S. Equity ETF (IQSU) is 14.80%, while iShares MSCI USA Quality GARP ETF (GARP) has a volatility of 17.50%. This indicates that IQSU experiences smaller price fluctuations and is considered to be less risky than GARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.