AGOX vs IRTR: Grades, Fees and Holdings Compared

Adaptive Alpha Opportunities ETF

AGOXFNYSE Arca

iShares LifePath Retirement ETF

IRTRANYSE Arca

Overlap

0.1%by weight

Expense ratio

IRTR −1.28pt a year

AGOX1.36%IRTR0.08%

Avg volume · 30D

AGOX 3.8×the volume

AGOX47.4KIRTR12.6K

3Y return · a year

AGOX +4.7pt

AGOX+17.1%IRTR+12.4%

AGOX vs IRTR Performance

Nov 7, 2025 – Nov 9, 2026

+16.4%AGOX+5.9%IRTR

Expense ratio: AGOX 1.36%; IRTR 0.08%, better
Fund size: AGOX $368M; IRTR $59M
1Y total return: AGOX +16.4%, better; IRTR +5.9%
Yield (12M): AGOX 2.71%; IRTR 3.18%, better
Holdings: AGOX 120; IRTR 29130
Avg volume (30D): AGOX 47.4K sh, better; IRTR 12.6K sh
NAV per share: AGOX $32.49; IRTR $31.23
52W range

ETF.net Grade

Pillar letters and Scores for AGOX, IRTR, with each pillar’s weight
Pillar	AGOX	IRTR
Cost30% weight	F0	A97Higher
Mission25% weight	F10	A100Higher
Risk15% weight	D28	A82Higher
Tradability15% weight	C47	B64Higher
Holdings10% weight	D25	A80Higher
Durability5% weight	A76Higher	B56

Rank among Multi-Asset Allocation funds

How we build Categories ›

Same Category. AGOX and IRTR are both graded against the same 36 Multi-Asset Allocation funds, so their Grades compare head to head.

Multi-Asset Allocation⁠

Category · 36 funds

See all 36 ›

IRTR ranks 3rd and AGOX 34th of 36 funds in the Multi-Asset Allocation Category.

Rank 1AUCBGState Street SPDR UC Investments 90/10 Endowment Strategy Index ETFScore 95
Rank 2AAOAiShares Core 80/20 Aggressive Allocation ETFScore 88
Rank 3AIRTRiShares LifePath Retirement ETFScore 86
Rank 4AINCEFranklin Income Equity Focus ETFScore 74
Rank 33FLCOLOGIQ Contrarian Opportunities ETFScore 23
Rank 34FAGOXAdaptive Alpha Opportunities ETFScore 20
Rank 34FESBGFirst Trust Enhanced Stocks, Bonds & Gold ETFScore 20

Our read on each fund

ETF.net Research

AGOXFAdaptive Alpha Opportunities ETF

IRTRAiShares LifePath Retirement ETF

In short

AGOX A go-anywhere allocator that buys other funds: global stocks, investment-grade bonds, alternatives. It ran as a mutual fund from 2012 before moving into an ETF shell in 2021, so the history predates the ticker.

IRTR A whole retirement portfolio in one ticker: global stock and bond ETFs blended at the conservative end, for 0.08% a year. That is index-fund pricing on a job most allocation funds charge roughly ten times more to do.

Stated mandate

AGOX The Fund seeks capital appreciation. It pursues this objective through actively managed allocations among ETFs holding equity and fixed-income securities, with possible alternative-investment exposure, using technical and economic fundamental research.

IRTR The fund seeks conservative exposure through a broad portfolio of stock and bond ETFs spanning global asset classes.

Why people hold it

AGOX Truly unconstrained: one ticket buys funds holding stocks of any size from US, developed and emerging markets, plus investment-grade bonds of any maturity.sec.gov
The strategy predates the wrapper. It absorbed its predecessor mutual fund in a tax-free reorganization on May 7, 2021, carrying a record that starts in 2012.ncfunds.com sec.gov
A diversified 1940 Act fund spread across roughly 140 positions, mostly other ETFs, with room for alternatives, steered by technical and fundamental research.ncfunds.com

IRTR Costs 0.08% a year against a 0.78% median for allocation funds. Roughly a tenth of the going rate for a portfolio-in-a-box.
One line item, global coverage. The fund holds a spread of stock and bond ETFs across asset classes, so the mixing happens inside the wrapper.ishares.com
Distributions come monthly rather than quarterly.
One of the strongest all-in-one allocation funds in its peer group, and the cheapest of that top tier: iShares' own AOA runs 0.19%.

Worth knowing

AGOX Fee is 1.36%, with no waiver, above this category's median. Index-built peers UCBG (0.06%) and AOA (0.15% net of a waiver through November 30, 2026) sit far below.
Thinly traded, so spreads can run wider than the category's heavyweights, and distributions arrive once or twice a year rather than monthly.
Results ride on one team's allocation calls, and the mix can look nothing like a static 60/40 at any given moment.sec.gov

IRTR Thinly traded. Spreads can run wider than on household-name ETFs, so limit orders matter more here.
Launched in 2023, so the track record is short and the fund is still building scale.
Conservative by construction: it is built to move less than an all-stock portfolio, and that cuts in both directions.ishares.com

Full AGOX profile⁠

Full IRTR profile⁠

AGOX vs IRTR Holdings

How AGOX and IRTR differ

Overlap by weight

0.1%

Shared holdings make up 1.9% of AGOX and 0.1% of IRTR.

Level by level

Holdings2 in both0.1%
Sector11 Sectors70.9%
Countryby domicile93.8%

Sector

Sector weights in AGOX and IRTR, widest gap first
Sector	Gap	AGOX	IRTR
Technology	AGOX +28.6 points	57.9%	29.3%
Financials	IRTR +12.0 points	2.9%	14.9%
Industrials	IRTR +3.7 points	8.2%	11.9%
Health Care	IRTR +3.1 points	5.7%	8.8%
Consumer Discretionary	IRTR +2.6 points	5.5%	8.1%
Utilities	IRTR +1.9 points	2.3%	4.2%
Communication	IRTR +1.7 points	4.7%	6.4%
Real Estate	IRTR +1.6 points	1.7%	3.3%
Energy	IRTR +1.4 points	3.7%	5.1%
Consumer Staples	IRTR +1.2 points	3.3%	4.5%
Materials	AGOX +0.6 points	4.0%	3.4%

Country, concentration and asset class

Country by domicile

Country weights in AGOX and IRTR, widest gap first
Country	Gap	AGOX	IRTR
Taiwan	AGOX +3.1 points	4.1%	1.0%
Japan	IRTR +1.6 points	0.6%	2.2%
Netherlands	AGOX +1.1 points	1.6%	0.5%
Canada	IRTR +0.9 points	0.6%	1.5%
China	AGOX +0.7 points	1.5%	0.8%
United Kingdom	IRTR +0.6 points	1.1%	1.7%
Other countries (36)	IRTR +2.0 points	90.5%	92.5%

Concentration

Weight in the 10 largest Holdings

AGOX82.8%
IRTR9.8%

Securities held

AGOX120
IRTR29,034

Asset class

AGOX: Stocks
IRTR: Multi-Asset

Holdings

Only in AGOX118
In both2
Only in IRTR29,032

Only in AGOX

118 securities, 100% of AGOX by weight

Cash / Cash Equivalents21.31%
Invesco QQQ Trust Series 116.24%
Stx 261120P0066000010.82%
Now 261120P001550005.78%
Technology Select Sector SPDR Fund5.72%
Qqq 261120P007500005.09%
Qqq 261120P007440004.76%
Qqq 261218C006550004.62%
Vanguard FTSE Emerging Markets ETF4.49%
Qqq 261120P007300004.00%
State Stret Matrl Slct Sctr Spdr Etf3.47%
Qqq 261218C006600003.44%
iShares Global Infrastructure ETF2.99%
Spy 261120P007720002.96%
Health Care Select Sector SPDR Fund2.94%
Intc 261120P000920002.93%
Smh 261120P005575002.48%
Qqq 261120P007460002.44%
Meta 261120P007000002.43%
Qqq 261120P007430002.35%
Qqq 261120P007420002.33%
iShares MSCI EAFE Value ETF2.16%
Spy 261218C007380002.16%
Wdc 261120P003450002.10%
iShares MSCI USA Momentum Factor ETF2.07%
Intc 261218P000925001.99%
SPDR Gold Shares1.87%
Smh 261120P006000001.81%
State Stret Enrgy Slect Sec Spdr Etf1.78%
Qqq 261120P007210001.75%
Spy 261218C007450001.70%
Cvna 261120C000590001.63%
Vanguard FTSE Europe ETF1.54%
Qqq 261120P006550001.52%
iShares Russell 2000 ETF1.50%
Vanguard Real Estate ETF1.47%
Qqq 261120P006580001.41%
Qqq 261218P006350001.40%
Smh 261218C004450001.39%
iShares MSCI USA Value Factor ETF1.23%
Qqq 261120P006960001.12%
State Strt Indstl Slct Sctr Spdr Etf1.10%
Qqq 261120P006950001.10%
Smh 261218C004500001.08%
Hood 261120P000930001.05%
Spy 261120P007740001.04%
Qqq 270115C006500001.02%
Spy 261218P007330000.97%
Spy 261120P007710000.96%
Cdns 261120P003275000.93%

Only in IRTR

29,032 securities, 99.4% of IRTR by weight

Apple1.69%
NVIDIA1.49%
Microsoft1.35%
Treasury Note 1.38% 11/15/2031 (Tnote)1.29%
Amazon.com Inc0.86%
Treasury Note 2.63% 02/15/2029 (Tnote)0.77%
Alphabet Class A0.57%
Treasury Note 3.13% 11/15/2028 (Tnote)0.55%
Treasury (Cpi) Note 1.13% 10/15/2030 (Tips)0.54%
Treasury (Cpi) Note 1.25% 04/15/2031 (Tips)0.54%
Treasury (Cpi) Note 1.63% 04/15/2030 (Tips)0.53%
Treasury (Cpi) Note 1.63% 10/15/2029 (Tips)0.51%
Treasury Note 2.75% 02/15/2028 (Tnote)0.50%
Treasury (Cpi) Note 2.13% 04/15/2029 (Tips)0.49%
Treasury (Cpi) Note 2.38% 10/15/2028 (Tips)0.49%
Taiwan Semiconductor Manufacturing0.48%
Treasury (Cpi) Note 1.63% 10/15/2027 (Tips)0.48%
Treasury (Cpi) Note 1.25% 04/15/2028 (Tips)0.48%
Treasury (Cpi) Note 0.13% 04/15/2027 (Tips)0.47%
Broadcom Inc0.47%
Treasury (Cpi) Note 0.13% 01/15/2031 (Tips)0.46%
Alphabet Class C0.46%
Treasury (Cpi) Note 0.13% 07/15/2031 (Tips)0.46%
Meta Platforms Class A0.46%
Treasury (Cpi) Note 0.13% 07/15/2030 (Tips)0.44%
Treasury (Cpi) Note 0.38% 07/15/2027 (Tips)0.43%
Treasury (Cpi) Note 0.50% 01/15/2028 (Tips)0.43%
Treasury Bond 2.50% 05/15/2046 (Tbond)0.43%
Treasury Note 2.88% 05/15/2028 (Tnote)0.43%
Treasury Bond 3.75% 11/15/2043 (Tbond)0.41%
Treasury Bond 2.75% 11/15/2042 (Tbond)0.40%
Treasury (Cpi) Note 0.13% 01/15/2030 (Tips)0.40%
Treasury (Cpi) Note 0.38% 01/15/2027 (Tips)0.38%
Eli Lilly0.37%
Treasury Bond 6.13% 11/15/2027 (Tbond)0.37%
Treasury (Cpi) Note 0.75% 07/15/2028 (Tips)0.37%
Berkshire Hathaway Inc Class B0.36%
Treasury (Cpi) Note 0.25% 07/15/2029 (Tips)0.36%
Tesla Inc0.36%
Treasury Bond 1.88% 02/15/2051 (Tbond)0.35%
Treasury Note 4.00% 05/31/2028 (Tnote)0.32%
Treasury (Cpi) Note 0.88% 01/15/2029 (Tips)0.31%
JPMorgan Chase & Co0.31%
Treasury Note (Old) 4.38% 05/15/2036 (Tnote)0.29%
Treasury Note 2.38% 05/15/2029 (Tnote)0.28%
Micron Technology0.27%
Treasury Note 4.00% 05/31/2030 (Tnote)0.26%
Treasury Note 4.00% 02/29/2028 (Tnote)0.26%
Treasury Note 4.00% 02/15/2034 (Tnote)0.26%
Treasury Note 3.88% 03/31/2028 (Tnote)0.25%

Weight gaps

All 2 Holdings in both funds, largest gap first.

Holding weights in AGOX and IRTR, widest gap first
Holding	More in AGOXMore in IRTR	Gap	AGOX	IRTR
Howmet Aerospace OrdHWM		AGOX +1.85 points	1.88%	0.03%
Intel CorporationINTC		IRTR +0.04 points	0.05%	0.09%

All 202 AGOX holdings⁠All IRTR holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AGOX vs IRTR Cost

Overpaying AGOX vs IRTR

$22,571

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

AGOX 1.36%
$24,260
IRTR 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

AGOX 1.36%
IRTR 0.08%
Overpaying

Year by year

Year	AGOX	IRTR	Overpaying
10	$2,362	$147	$2,215
20	$8,735	$575	$8,160
30	$24,260	$1,689	$22,571

Expense ratio

1.36%AGOX
0.08%IRTR, cheaper

IRTR0.08%AGOX1.36%

0.06%1.36%

Middle half of Multi-Asset Allocation funds
Median 0.61%

IRTR 2nd cheapest of 36 funds

AGOX 36th cheapest of 36 funds

AGOX vs IRTR Dividends

Last 12 months to Nov 9, 2026

Yield (12M): AGOX 2.71%; IRTR 3.18%, better
Payout (12M): AGOX $0.92; IRTR $1.00
Last payment: AGOX $0.92; IRTR $0.07
Ex-dividend: AGOX Dec 18, 2025; IRTR Nov 3, 2026
Paid on: AGOX Dec 19, 2025; IRTR Nov 6, 2026
Frequency: AGOX Annual; IRTR Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

AGOXAnnual · 3 paymentsAll AGOX payments⁠

IRTRMonthly · 36 paymentsAll IRTR payments⁠

AGOX vs IRTR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AGOX 19.0%IRTR 7.3%, better
Return per unit of riskSharpe ratio, 3 years: AGOX 0.69IRTR 1.14, better
Worst fallMax drawdown, 5 years: AGOX −26.9%IRTR −6.3%since Oct 2023
Market sensitivityBeta, 5 years: AGOX 1.50IRTR 0.46; Market = 1

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