SNPG vs. GARP

Last updated Jun 5, 2026

SNPG (Xtrackers S&P 500 Growth ESG ETF) and GARP (iShares MSCI USA Quality GARP ETF) are both Large Cap Growth Equities funds - SNPG tracks the S&P 500 Growth ESG Index while GARP tracks the MSCI USA Quality GARP Select Index. Both are passively managed. Over the past 3 years, SNPG returned 25.37%/yr vs 33.55%/yr for GARP. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.

Performance

SNPG vs. GARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers S&P 500 Growth ESG ETF (SNPG) 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, SNPG achieves a 11.36% return, which is significantly lower than GARP's 20.89% return.

SNPG

• 1D: 0.56%
• 1M: 9.28%
• YTD: 11.36%
• 6M: 11.71%
• 1Y: 29.68%
• 3Y*: 25.37%
• 5Y*: —
• 10Y*: —

GARP

• 1D: -0.33%
• 1M: 10.27%
• YTD: 20.89%
• 6M: 21.22%
• 1Y: 42.72%
• 3Y*: 33.55%
• 5Y*: 20.18%
• 10Y*: —

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

SNPG vs. GARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SNPG Xtrackers S&P 500 Growth ESG ETF	11.36%	18.22%	33.99%	38.45%	1.81%
GARP iShares MSCI USA Quality GARP ETF	20.89%	21.49%	37.42%	42.86%	1.68%

Correlation

The correlation between SNPG and GARP is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since Nov 10, 2022	0.93

The correlation between SNPG and GARP has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

SNPG vs. GARP - Sectors Allocation Comparison

Sectors	SNPG	GARP
Technology	36.1%	56.7%
Communication Services	19.4%	12.0%
Financial Services	12.8%	7.5%
Industrials	10.5%	6.9%
Healthcare	9.6%	5.4%
Consumer Cyclical	9.4%	6.1%
Real Estate	2.2%	0.4%
Basic Materials	1.1%	0.9%
Consumer Defensive	0.0%	-
Energy	0.0%	2.7%
Utilities	0.0%	1.4%

Return for Risk

SNPG vs. GARP — Risk / Return Rank

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

SNPG

SNPG Risk / Return Rank: 59
SNPG Sharpe Ratio Rank: 65
SNPG Sortino Ratio Rank: 66
SNPG Omega Ratio Rank: 62
SNPG Calmar Ratio Rank: 47
SNPG Martin Ratio Rank: 55

GARP

GARP Risk / Return Rank: 69
GARP Sharpe Ratio Rank: 75
GARP Sortino Ratio Rank: 70
GARP Omega Ratio Rank: 68
GARP Calmar Ratio Rank: 64
GARP Martin Ratio Rank: 69

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.

SNPG vs. GARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Growth ESG ETF (SNPG) 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.

	SNPG	GARP	Difference
Sharpe ratio: Return per unit of total volatility	2.12	2.40	-0.28
Sortino ratio: Return per unit of downside risk	3.02	3.13	-0.10
Omega ratio: Gain probability vs. loss probability	1.37	1.40	-0.03
Calmar ratio: Return relative to maximum drawdown	2.27	3.14	-0.86
Martin ratio: Return relative to average drawdown	9.43	12.59	-3.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SNPG vs. GARP - Sharpe Ratio Comparison

The current SNPG Sharpe Ratio is 2.12, which is comparable to the GARP Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of SNPG 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.

Sharpe Ratios by Period

	SNPG	GARP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	2.40	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.63	0.89	+0.74

Drawdowns

SNPG vs. GARP - Drawdown Comparison

The maximum SNPG drawdown since its inception was -21.69%, smaller than the maximum GARP drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for SNPG and GARP.

Drawdown Indicators

	SNPG	GARP	Difference
Max Drawdown Largest peak-to-trough decline	-21.69%	-31.34%	+9.65%
Max Drawdown (1Y) Largest decline over 1 year	-13.12%	-13.69%	+0.57%
Max Drawdown (3Y) Largest decline over 3 years	-21.69%	-23.73%	+2.04%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.61%	—
Current Drawdown Current decline from peak	0.00%	-1.06%	+1.06%
Average Drawdown Average peak-to-trough decline	-2.53%	-7.36%	+4.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	3.40%	-0.25%

Volatility

SNPG vs. GARP - Volatility Comparison

The current volatility for Xtrackers S&P 500 Growth ESG ETF (SNPG) is 4.71%, while iShares MSCI USA Quality GARP ETF (GARP) has a volatility of 5.06%. This indicates that SNPG 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

	SNPG	GARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.71%	5.06%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	11.43%	13.90%	-2.47%
Volatility (1Y) Calculated over the trailing 1-year period	14.05%	17.87%	-3.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.00%	21.96%	-3.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.00%	23.89%	-5.89%

SNPG vs. GARP - Expense Ratio Comparison

Both SNPG and GARP have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SNPG vs. GARP - Dividend Comparison

SNPG's dividend yield for the trailing twelve months is around 0.46%, more than GARP's 0.25% yield.

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%
SNPG Xtrackers S&P 500 Growth ESG ETF	0.46%	0.49%	0.57%	0.95%	0.20%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SNPG and GARP in my portfolio?

SNPG and GARP have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNPG or GARP?

GARP has higher volatility (5.06%) compared to SNPG (4.71%). In terms of maximum drawdown, SNPG dropped -21.69% vs GARP's -31.34%.

Which ETF is better, SNPG or GARP?

On 3-year performance, GARP leads with 33.55% vs 25.37% for SNPG. Both ETFs have the same 0.15% expense ratio. On volatility, SNPG has been the lower-risk option at 4.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SNPG or GARP?

Over the 3-year period, GARP has performed better with a 33.55% return vs 25.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SNPG or GARP?

SNPG and GARP have the same expense ratio: 0.15% per year.

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

SNPG has the higher dividend yield at 0.46%, compared with 0.25% for GARP.

What is the main difference between SNPG and GARP?

SNPG tracks S&P 500 Growth ESG Index, while GARP tracks MSCI USA Quality GARP Select Index. They also come from different issuers: Xtrackers and iShares.

Which has better risk-adjusted returns?

GARP currently has the higher Sharpe Ratio (2.40 vs 2.12), 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.