JGRW vs. GARP

Last updated Aug 4, 2026

JGRW (Jensen Quality Growth ETF) and GARP (iShares MSCI USA Quality GARP ETF) are both Quality Factor funds. JGRW is actively managed, while GARP is passively managed. Over the past year, JGRW returned 8.05% vs 33.89% for GARP. Their 0.71 correlation means they have sometimes moved together and sometimes differently. JGRW charges 0.57%/yr vs 0.15%/yr for GARP.

Performance

JGRW vs. GARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jensen Quality Growth ETF (JGRW) 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, JGRW achieves a 4.61% return, which is significantly lower than GARP's 18.78% return.

JGRW

• 1D: 1.50%
• 1M: 3.40%
• 6M: 5.65%
• YTD: 4.61%
• 1Y: 8.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.26%

GARP

• 1D: 1.62%
• 1M: 0.39%
• 6M: 15.63%
• YTD: 18.78%
• 1Y: 33.89%
• 3Y*: 30.65%
• 5Y*: 17.57%
• 10Y*: —
• ALL TIME*: 20.34%

*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	$26.43M	$25.59M	$23.01M
JGRW Jensen Quality Growth ETF	$73.39K	$231.84K	$318.46K

JGRW vs. GARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JGRW Jensen Quality Growth ETF	4.61%	5.07%	2.56%
GARP iShares MSCI USA Quality GARP ETF	18.78%	21.49%	14.65%

Correlation

The correlation between JGRW and GARP is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.69
Correlation (All Time) Calculated using the full available price history since Aug 13, 2024	0.71

The correlation between JGRW and GARP has been stable across timeframes, ranging from 0.69 to 0.71 - a consistent structural relationship.

Return for Risk

JGRW vs. GARP — Risk / Return Rank

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

JGRW

JGRW Risk / Return Rank: 23
JGRW Sharpe Ratio Rank: 26
JGRW Sortino Ratio Rank: 24
JGRW Omega Ratio Rank: 24
JGRW Calmar Ratio Rank: 19
JGRW Martin Ratio Rank: 24

GARP

GARP Risk / Return Rank: 70
GARP Sharpe Ratio Rank: 74
GARP Sortino Ratio Rank: 69
GARP Omega Ratio Rank: 67
GARP Calmar Ratio Rank: 70
GARP Martin Ratio Rank: 72

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.

JGRW vs. GARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jensen Quality Growth ETF (JGRW) 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.

	JGRW	GARP	Difference
Sharpe ratio: Return per unit of total volatility	0.64	1.70	-1.07
Sortino ratio: Return per unit of downside risk	0.96	2.31	-1.35
Omega ratio: Gain probability vs. loss probability	1.12	1.29	-0.17
Calmar ratio: Return relative to maximum drawdown	0.56	2.49	-1.92
Martin ratio: Return relative to average drawdown	1.95	9.05	-7.10

JGRW vs. GARP - Sharpe Ratio Comparison

The current JGRW Sharpe Ratio is 0.64, which is lower than the GARP Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of JGRW 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

JGRW vs. GARP - Drawdown Comparison

The maximum JGRW drawdown since its inception was -14.64%, smaller than the maximum GARP drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for JGRW and GARP.

Drawdown Indicators

	JGRW	GARP	Difference
Max Drawdown Largest peak-to-trough decline	-14.64%	-31.34%	+16.70%
Max Drawdown (1Y) Largest decline over 1 year	-14.36%	-13.69%	-0.67%
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	0.00%	-2.79%	+2.79%
Average Drawdown Average peak-to-trough decline	-2.88%	-7.27%	+4.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.13%	3.76%	+0.37%

Volatility

JGRW vs. GARP - Volatility Comparison

The current volatility for Jensen Quality Growth ETF (JGRW) is 3.97%, while iShares MSCI USA Quality GARP ETF (GARP) has a volatility of 5.74%. This indicates that JGRW 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.

Volatility by Period

	JGRW	GARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	5.74%	-1.77%
Volatility (6M) Calculated over the trailing 6-month period	10.45%	16.02%	-5.57%
Volatility (1Y) Calculated over the trailing 1-year period	12.67%	20.01%	-7.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.41%	22.36%	-7.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.41%	23.92%	-9.51%

JGRW vs. GARP - Expense Ratio Comparison

JGRW has a 0.57% expense ratio, which is higher than GARP's 0.15% expense ratio.

Dividends

JGRW vs. GARP - Dividend Comparison

JGRW's dividend yield for the trailing twelve months is around 0.37%, more than GARP's 0.27% 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%
JGRW Jensen Quality Growth ETF	0.37%	0.54%	0.24%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JGRW and GARP in my portfolio?

JGRW and GARP have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JGRW or GARP?

GARP has higher volatility (5.74%) compared to JGRW (3.97%). In terms of maximum drawdown, JGRW dropped -14.64% vs GARP's -31.34%.

Which ETF is better, JGRW or GARP?

On 1-year performance, GARP leads with 33.89% vs 8.05% for JGRW. On fees, GARP is cheaper at 0.15% per year. On volatility, JGRW has been the lower-risk option at 3.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JGRW or GARP?

Over the 1-year period, GARP has performed better with a 33.89% return vs 8.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JGRW or GARP?

GARP is cheaper with a 0.15% expense ratio, compared with 0.57% for JGRW.

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

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

What is the main difference between JGRW and GARP?

They also come from different issuers: Jensen and iShares. Their fees differ too: 0.57% for JGRW and 0.15% for GARP.

Which has better risk-adjusted returns?

GARP currently has the higher Sharpe Ratio (1.70 vs 0.64), 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.