AOA vs IRTR: Grades, Fees and Holdings Compared

iShares Core 80/20 Aggressive Allocation ETF

AOAANYSE Arca

iShares LifePath Retirement ETF

IRTRANYSE Arca

Overlap

No data

Expense ratio

IRTR −0.07pt a year

AOA0.15%IRTR0.08%

Avg volume · 30D

AOA 10.6×the volume

AOA135KIRTR12.7K

3Y return · a year

AOA +5.5pt

AOA+18.6%IRTR+13.1%

AOA vs IRTR Performance

Oct 31, 2025 – Oct 30, 2026

+10.1%AOA+5.1%IRTR

Expense ratio: AOA 0.15%; IRTR 0.08%, better
Fund size: AOA $3.32B; IRTR $60M
1Y total return: AOA +10.1%, better; IRTR +5.1%
Yield (12M): AOA 2.19%; IRTR 3.17%, better
Holdings: AOA 34240; IRTR 29140
Avg volume (30D): AOA 135K sh, better; IRTR 12.7K sh
NAV per share: AOA $96.21; IRTR $31.52
52W range

ETF.net Grade

Pillar letters and Scores for AOA, IRTR, with each pillar’s weight
Pillar	AOA	IRTR
Cost30% weight	A93	A97Higher
Mission25% weight	A100	A100
Risk15% weight	B55	A82Higher
Tradability15% weight	A96Higher	B62
Holdings10% weight	A81Higher	A80
Durability5% weight	A98Higher	B56

Rank among Multi-Asset Allocation funds

How we build Categories ›

Same Category. AOA and IRTR are both graded against the same 37 Multi-Asset Allocation funds, so their Grades compare head to head.

Multi-Asset Allocation⁠

Category · 37 funds

See all 37 ›

AOA ranks 2nd and IRTR 3rd of 37 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

Our read on each fund

ETF.net Research

AOAAiShares Core 80/20 Aggressive Allocation ETF

IRTRAiShares LifePath Retirement ETF

In short

AOA A whole portfolio in one ticker. Since 2008, AOA has held a fixed 80/20 mix of global stock and bond index funds, with its index rebalancing the split back to target twice a year. No spreadsheet required.

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

AOA The Fund seeks to follow an index of equity and fixed-income ETFs designed for an aggressive target-risk allocation. It offers a diversified portfolio emphasizing growth and relatively higher equity exposure.

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

Why people hold it

AOA One trade buys a handful of underlying iShares index funds spanning global stocks and bonds, with the 80/20 split set by index rule rather than a manager's judgment call.ishares.com spglobal.com
Costs 0.15% net of a waiver through November 30, 2026 (0.19% gross), below the median fee in its allocation category.
Live since November 2008 and now a multi-billion-dollar fund, it has run the same target-risk mandate through the financial crisis and everything after.ishares.com
Among the strongest implementations in a crowded field of allocation funds, and it pays out quarterly.

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

AOA Eighty percent equity means it rides global stock swings closely. The 20% bond sleeve softens drawdowns rather than stopping them.spglobal.com
That 0.15% is net of a contractual waiver through November 30, 2026. The gross 0.19% is the figure that applies if the waiver is not renewed.
Cheaper one-ticket rivals now exist: UCBG at 0.06% and IRTR at 0.08%. IRTR also glides its risk down over time, while AOA's 80/20 stays put.

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 AOA profile⁠

Full IRTR profile⁠

AOA vs IRTR Holdings

How AOA and IRTR differ

Overlap by weight is not available for these funds.

Level by level

Countryby domicile76.6%
Sector11 Sectors95.9%

Sector

Sector weights in AOA and IRTR, widest gap first
Sector	More in AOAMore in IRTR	AOA	IRTR
Utilities	IRTR +1.6 points	2.3%	3.9%
Financials	AOA +1.4 points	16.1%	14.7%
Technology	AOA +1.1 points	31.6%	30.5%
Real Estate	IRTR +1.0 points	2.1%	3.2%
Industrials	IRTR +0.9 points	11.0%	11.9%
Energy	IRTR +0.5 points	4.1%	4.6%
Consumer Discretionary	AOA +0.5 points	8.3%	7.9%
Materials	AOA +0.4 points	3.9%	3.5%
Consumer Staples	AOA +0.3 points	4.5%	4.2%
Health Care	AOA +0.3 points	8.5%	8.2%
Communication	AOA +0.1 points	7.5%	7.3%

Country, concentration and asset class

Country by domicile

Country weights in AOA and IRTR, widest gap first
Country	More in AOAMore in IRTR	AOA	IRTR
United States	IRTR +23.3 points	69.4%	92.7%
Japan	AOA +3.4 points	6.0%	2.6%
China	AOA +2.4 points	2.4%	0.0%
Switzerland	AOA +2.2 points	2.2%	0.0%
France	AOA +2.1 points	2.1%	0.0%
Germany	AOA +2.1 points	2.1%	0.0%
South Korea	AOA +1.9 points	1.9%	0.0%
United Kingdom	AOA +1.9 points	3.6%	1.7%
Other countries (5)	AOA +7.4 points	10.4%	3.0%

Outside the US: AOA 73% developed, 27% emerging.

Concentration

Weight in the 10 largest Holdings

AOA17.3%
IRTR10.0%

Asset class

AOA: Multi-Asset
IRTR: Multi-Asset

Holdings

Top 10 Holdings

Top 10 holdings by combined weight
Holding	AOA	IRTR
AAPLApple	3.50%	1.69%
NVDANVIDIA	3.44%	1.62%
MSFTMicrosoft	2.69%	1.31%
AMZNAmazon.com Inc	1.64%	0.79%
Taiwan Semiconductor ManufacturingTaiwan Semiconductor Manufacturing	1.17%	0.53%
GOOGLAlphabet Class A	1.14%	0.55%
AVGOBroadcom Inc	1.08%	0.51%
METAMeta Platforms Class A	0.94%	0.46%
GOOGAlphabet Class C	0.92%	0.45%
Treasury Note 1.38% 11/15/2031 (Tnote)Treasury Note 1.38% 11/15/2031 (Tnote)	<0.27%	1.28%

All AOA 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.

AOA vs IRTR Cost

Overpaying AOA vs IRTR

$1,448

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

AOA 0.15%
$3,137
IRTR 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

AOA 0.15%
IRTR 0.08%
Overpaying

Year by year

Year	AOA	IRTR	Overpaying
10	$274	$147	$127
20	$1,071	$575	$496
30	$3,137	$1,689	$1,448

Expense ratio

0.15%AOA
0.08%IRTR, cheaper

IRTR0.08%AOA0.15%

0.06%1.36%

Middle half of Multi-Asset Allocation funds
Median 0.57%

IRTR 2nd cheapest of 37 funds

AOA 3rd cheapest of 37 funds

AOA vs IRTR Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AOA 2.19%; IRTR 3.17%, better
Payout (12M): AOA $2.11; IRTR $1.00
Last payment: AOA $0.30; IRTR $0.08
Ex-dividend: AOA Oct 2, 2026; IRTR Oct 2, 2026
Paid on: AOA Oct 7, 2026; IRTR Oct 7, 2026
Frequency: AOA Quarterly; IRTR Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

AOAQuarterly · 15 paymentsAll AOA payments⁠

IRTRMonthly · 35 paymentsAll IRTR payments⁠

AOA vs IRTR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AOA 9.6%IRTR 7.3%, better
Return per unit of riskSharpe ratio, 3 years: AOA 1.37, betterIRTR 1.14
Worst fallMax drawdown, 5 years: AOA −23.6%IRTR −6.3%since Oct 2023
Market sensitivityBeta, 5 years: AOA 1.06IRTR 0.47; Market = 1

AOA and IRTR in the news

All news⁠

Category Review
The fund built to limit losses had the category's worst return
Sep 25, 2026AOA

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