WINN vs. GARP

Last updated Apr 1, 2026

Compare and contrast key facts about Harbor Long-Term Growers ETF (WINN) and iShares MSCI USA Quality GARP ETF (GARP).

WINN and GARP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WINN is an actively managed fund by Harbor. It was launched on Feb 2, 2022. 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.

Performance

WINN vs. GARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Long-Term Growers ETF (WINN) and iShares MSCI USA Quality GARP ETF (GARP). The values are adjusted to include any dividend payments, if applicable.

WINN vs. GARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WINN Harbor Long-Term Growers ETF	-10.86%	14.31%	31.64%	52.44%	-26.67%
GARP iShares MSCI USA Quality GARP ETF	-6.01%	21.49%	37.42%	42.86%	-18.23%

Returns By Period

In the year-to-date period, WINN achieves a -10.86% return, which is significantly lower than GARP's -6.01% return.

WINN

• 1D: 3.62%
• 1M: -5.33%
• YTD: -10.86%
• 6M: -11.01%
• 1Y: 13.18%
• 3Y*: 19.84%
• 5Y*: —
• 10Y*: —

GARP

• 1D: 3.86%
• 1M: -5.81%
• YTD: -6.01%
• 6M: -2.39%
• 1Y: 25.79%
• 3Y*: 25.22%
• 5Y*: 15.18%
• 10Y*: —

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

WINN vs. GARP - Expense Ratio Comparison

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

WINN

Harbor Long-Term Growers ETF

GARP

iShares MSCI USA Quality GARP ETF

Return for Risk

WINN vs. GARP — Risk / Return Rank

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

WINN

WINN Risk / Return Rank: 32
WINN Sharpe Ratio Rank: 31
WINN Sortino Ratio Rank: 34
WINN Omega Ratio Rank: 35
WINN Calmar Ratio Rank: 30
WINN Martin Ratio Rank: 29

GARP

GARP Risk / Return Rank: 69
GARP Sharpe Ratio Rank: 64
GARP Sortino Ratio Rank: 67
GARP Omega Ratio Rank: 66
GARP Calmar Ratio Rank: 76
GARP Martin Ratio Rank: 72

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.

WINN vs. GARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Long-Term Growers ETF (WINN) 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.

	WINN	GARP	Difference
Sharpe ratio Return per unit of total volatility	0.58	1.06	-0.48
Sortino ratio Return per unit of downside risk	0.99	1.62	-0.62
Omega ratio Gain probability vs. loss probability	1.14	1.23	-0.09
Calmar ratio Return relative to maximum drawdown	0.74	1.87	-1.14
Martin ratio Return relative to average drawdown	2.42	6.91	-4.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WINN vs. GARP - Sharpe Ratio Comparison

The current WINN Sharpe Ratio is 0.58, which is lower than the GARP Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of WINN and GARP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WINN	GARP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.58	1.06	-0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.71	-0.28

Correlation

The correlation between WINN and GARP is 0.95, 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.

Dividends

WINN vs. GARP - Dividend Comparison

WINN has not paid dividends to shareholders, while GARP's dividend yield for the trailing twelve months is around 0.32%.

	TTM	2025	2024	2023	2022	2021	2020
WINN Harbor Long-Term Growers ETF	0.00%	0.00%	0.00%	0.06%	0.06%	0.00%	0.00%
GARP iShares MSCI USA Quality GARP ETF	0.32%	0.31%	0.38%	0.75%	1.85%	0.67%	0.75%

Drawdowns

WINN vs. GARP - Drawdown Comparison

The maximum WINN drawdown since its inception was -32.07%, roughly equal to the maximum GARP drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for WINN and GARP.

Drawdown Indicators

	WINN	GARP	Difference
Max Drawdown Largest peak-to-trough decline	-32.07%	-31.34%	-0.73%
Max Drawdown (1Y) Largest decline over 1 year	-18.06%	-13.69%	-4.37%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.61%	—
Current Drawdown Current decline from peak	-15.10%	-10.35%	-4.75%
Average Drawdown Average peak-to-trough decline	-9.30%	-7.53%	-1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.51%	3.71%	+1.80%

Volatility

WINN vs. GARP - Volatility Comparison

The current volatility for Harbor Long-Term Growers ETF (WINN) is 6.84%, while iShares MSCI USA Quality GARP ETF (GARP) has a volatility of 7.52%. This indicates that WINN 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

	WINN	GARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.84%	7.52%	-0.68%
Volatility (6M) Calculated over the trailing 6-month period	12.89%	14.44%	-1.55%
Volatility (1Y) Calculated over the trailing 1-year period	22.84%	24.39%	-1.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.01%	21.86%	+2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.01%	24.02%	-0.01%