DRSK vs IRTR: Grades, Fees and Holdings Compared

Aptus Defined Risk ETF

DRSKCCboe

iShares LifePath Retirement ETF

IRTRANYSE Arca

Overlap

0.0%by weight

Expense ratio

IRTR −0.71pt a year

DRSK0.79%IRTR0.08%

Avg volume · 30D

DRSK 13.1×the volume

DRSK167KIRTR12.7K

3Y return · a year

IRTR +2.8pt

DRSK+10.3%IRTR+13.1%

DRSK vs IRTR Performance

Oct 31, 2025 – Oct 30, 2026

−4.1%DRSK+5.1%IRTR

Expense ratio: DRSK 0.79%; IRTR 0.08%, better
Fund size: DRSK $1.4B; IRTR $60M
1Y total return: DRSK −4.1%; IRTR +5.1%, better
Yield (12M): DRSK 4.02%, better; IRTR 3.17%
Holdings: DRSK 24; IRTR 29140
Avg volume (30D): DRSK 167K sh, better; IRTR 12.7K sh
NAV per share: DRSK $27.23; IRTR $31.52
52W range

ETF.net Grade

Pillar letters and Scores for DRSK, IRTR, with each pillar’s weight
Pillar	DRSK	IRTR
Cost30% weight	D32	A97Higher
Mission25% weight	B67	A100Higher
Risk15% weight	C52	A82Higher
Tradability15% weight	A72Higher	B62
Holdings10% weight	C54	A80Higher
Durability5% weight	A84Higher	B56

Rank among Multi-Asset Allocation funds

How we build Categories ›

Same Category. DRSK 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 ›

IRTR ranks 3rd and DRSK 18th 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
Rank 17BNDAANed Davis Research 360 Dynamic Allocation ETFScore 55
Rank 18CDRSKAptus Defined Risk ETFScore 54
Rank 19CPCPPPorter & Company Permanent Portfolio Index ETFScore 53

Our read on each fund

ETF.net Research

DRSKCAptus Defined Risk ETF

IRTRAiShares LifePath Retirement ETF

In short

DRSK Mostly a laddered pile of investment-grade corporate bonds, with the last slice in long call options on big US stocks. Losses on that options sleeve are limited to what was paid for them.

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

DRSK The Fund seeks current income and capital appreciation through a hybrid fixed-income and equity strategy. It generally obtains 90%-95% exposure to investment-grade corporate bonds and uses the remainder for large-capitalization U.S. stocks while seeking to limit downside risk.

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

Why people hold it

DRSK Documented build: 90% to 95% exposure to investment-grade corporate bonds, remainder in large-cap US equity exposure chosen to limit downside risk.sec.gov
The bond core is a ladder of target-maturity bond funds maturing annually over the next decade, so rungs roll off and reprice as rates move.sec.gov
Running since 2018 and now a multi-billion-dollar fund, it was doing option-based equity exposure years before the payoff-shaping ETF crowd arrived.
Compact and readable: a couple dozen positions, mainly bond funds plus the option line items.

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

DRSK Costs 0.79%, above the category median of 37 funds. Plain allocation index peers run cheaper: IRTR at 0.08%, AOA at 0.15% net of a waiver through November 30, 2026.
Options expire. In a flat or falling equity market the premium paid can be lost in full, leaving the bond sleeve to carry the fund.sec.gov
Its stated yardstick is the Bloomberg US Aggregate Bond Index, so judge it against bonds, not a stock-heavy allocation fund.

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 DRSK profile⁠

Full IRTR profile⁠

DRSK vs IRTR Holdings

How DRSK and IRTR differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of DRSK and 0.0% of IRTR.

Level by level

Holdings0 in both0.0%
Sector11 Sectors85.8%
Countryby domicile95.4%

Sector

Sector weights in DRSK and IRTR, widest gap first
Sector	More in DRSKMore in IRTR	DRSK	IRTR
Technology	DRSK +8.6 points	39.1%	30.5%
Industrials	IRTR +4.1 points	7.8%	11.9%
Financials	IRTR +3.6 points	11.1%	14.7%
Communication	DRSK +3.2 points	10.6%	7.3%
Consumer Discretionary	DRSK +2.0 points	9.9%	7.9%
Materials	IRTR +1.8 points	1.7%	3.5%
Utilities	IRTR +1.8 points	2.1%	3.9%
Energy	IRTR +1.5 points	3.1%	4.6%
Real Estate	IRTR +1.4 points	1.8%	3.2%
Consumer Staples	DRSK +0.3 points	4.5%	4.2%
Health Care	DRSK +0.1 points	8.3%	8.2%

Country, concentration and asset class

Country by domicile

Country weights in DRSK and IRTR, widest gap first
Country	More in DRSKMore in IRTR	DRSK	IRTR
United States	DRSK +2.3 points	95.0%	92.7%
Japan	IRTR +2.0 points	0.6%	2.6%
Taiwan	IRTR +1.3 points	0.1%	1.4%
United Kingdom	IRTR +0.9 points	0.8%	1.7%
Other countries (18)	DRSK +2.0 points	3.6%	1.6%

Concentration

Weight in the 10 largest Holdings

DRSK93.1%
IRTR10.0%

Securities held

DRSK24
IRTR29,043

Asset class

DRSK: Fixed Income
IRTR: Multi-Asset

Holdings

Only in DRSK24
In both0
Only in IRTR29,043

Only in DRSK

24 securities, 100% of DRSK by weight

Invesco BulletShares 2032 Corporate Bond ETF12.36%
Invesco Bulletshares 2031 Corporate Bond ETF12.10%
Invesco BulletShares 2033 Corporate Bond ETF11.32%
iShares iBonds Dec 2032 Term Corporate ETF11.00%
Invesco BulletShares 2030 Corporate Bond ETF10.68%
iShares iBonds Dec 2031 Term Corporate ETF10.66%
iShares iBonds Dec 2030 Term Corporate ETF9.16%
Invesco BulletShares 2034 Corporate Bond ETF7.26%
Cash & Other4.46%
iShares iBonds Dec 2034 Term Corporate ETF4.11%
Invesco BulletShares 2035 Corporate Bond ETF3.06%
iShares iBonds Dec 2035 Term Corporate ETF1.53%
iShares iBonds Dec 2036 Term Corporate ETF1.53%
Spxw Us 11/30/26 P75000.28%
Spx Us 03/19/27 C85000.15%
Spx Us 12/18/26 C81000.15%
Spx Us 02/19/27 C85000.13%
Spx Us 01/15/27 C82000.08%
Tlt Us 05/21/27 C950.06%
Tlt Us 03/19/27 C900.05%
Tlt Us 06/17/27 C950.05%
Spxw Us 12/31/26 C84500.04%
Bsx Us 12/18/26 C600.02%
Spxw Us 11/02/26 C8000<0.01%

Only in IRTR

29,043 securities, 99.5% of IRTR by weight

Apple1.69%
NVIDIA1.62%
Microsoft1.31%
Treasury Note 1.38% 11/15/2031 (Tnote)1.28%
Amazon.com Inc0.79%
Treasury Note 2.63% 02/15/2029 (Tnote)0.76%
Alphabet Class A0.55%
Treasury Note 3.13% 11/15/2028 (Tnote)0.54%
Treasury (Cpi) Note 1.13% 10/15/2030 (Tips)0.54%
Treasury (Cpi) Note 1.25% 04/15/2031 (Tips)0.54%
Taiwan Semiconductor Manufacturing0.53%
Treasury (Cpi) Note 1.63% 04/15/2030 (Tips)0.52%
Broadcom Inc0.51%
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%
Treasury (Cpi) Note 1.63% 10/15/2027 (Tips)0.48%
Treasury (Cpi) Note 1.25% 04/15/2028 (Tips)0.47%
Treasury (Cpi) Note 0.13% 04/15/2027 (Tips)0.47%
Treasury (Cpi) Note 0.13% 01/15/2031 (Tips)0.46%
Treasury (Cpi) Note 0.13% 07/15/2031 (Tips)0.46%
Meta Platforms Class A0.46%
Alphabet Class C0.45%
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)0.42%
Treasury Note 2.88% 05/15/2028 (Tnote)0.42%
Treasury Bond 3.75% 11/15/2043 (Tbond)0.41%
Treasury (Cpi) Note 0.13% 01/15/2030 (Tips)0.40%
Treasury Bond 2.75% 11/15/2042 (Tbond)0.40%
Tesla Inc0.40%
Eli Lilly0.38%
Treasury (Cpi) Note 0.38% 01/15/2027 (Tips)0.37%
Treasury (Cpi) Note 0.75% 07/15/2028 (Tips)0.36%
Treasury Bond 6.13% 11/15/2027 (Tbond)0.36%
Treasury (Cpi) Note 0.25% 07/15/2029 (Tips)0.36%
Berkshire Hathaway Inc Class B0.34%
Treasury Bond 1.88% 02/15/2051 (Tbond)0.34%
Micron Technology0.34%
Treasury (Cpi) Note 0.88% 01/15/2029 (Tips)0.31%
Treasury Note 4.00% 05/31/2028 (Tnote)0.31%
JPMorgan Chase & Co0.30%
Treasury Note (Old) 4.38% 05/15/2036 (Tnote)0.28%
Treasury Note 2.38% 05/15/2029 (Tnote)0.28%
Advanced Micro Devices0.28%
Treasury Note 4.00% 05/31/2030 (Tnote)0.26%
Exxonmobil Holdings Corp0.26%
Treasury Note 4.00% 02/29/2028 (Tnote)0.25%

Weight gaps

DRSK and IRTR share no securities.

All 26 DRSK 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.

DRSK vs IRTR Cost

Overpaying DRSK vs IRTR

$13,485

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

DRSK 0.79%
$15,174
IRTR 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

DRSK 0.79%
IRTR 0.08%
Overpaying

Year by year

Year	DRSK	IRTR	Overpaying
10	$1,405	$147	$1,258
20	$5,331	$575	$4,756
30	$15,174	$1,689	$13,485

Expense ratio

0.79%DRSK
0.08%IRTR, cheaper

IRTR0.08%DRSK0.79%

0.06%1.36%

Middle half of Multi-Asset Allocation funds
Median 0.57%

IRTR 2nd cheapest of 37 funds

DRSK 25th cheapest of 37 funds

DRSK vs IRTR Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DRSK 4.02%, better; IRTR 3.17%
Payout (12M): DRSK $1.10; IRTR $1.00
Last payment: DRSK $0.30; IRTR $0.08
Ex-dividend: DRSK Sep 29, 2026; IRTR Oct 2, 2026
Paid on: DRSK Sep 30, 2026; IRTR Oct 7, 2026
Frequency: DRSK Quarterly; IRTR Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

DRSKQuarterly · 15 paymentsAll DRSK payments⁠

IRTRMonthly · 35 paymentsAll IRTR payments⁠

DRSK vs IRTR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DRSK 8.4%IRTR 7.3%, better
Return per unit of riskSharpe ratio, 3 years: DRSK 0.68IRTR 1.14, better
Worst fallMax drawdown, 5 years: DRSK −19.9%IRTR −6.3%since Oct 2023
Market sensitivityBeta, 5 years: DRSK 1.22IRTR 0.47; Market = 1

DRSK and IRTR in the news

All news⁠

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

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DRSK vs IRTR

In short

Stated mandate

Why people hold it

Worth knowing

How DRSK and IRTR differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DRSK

Only in IRTR

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The fund built to limit losses had the category's worst return

How DRSK and IRTR differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DRSK

Only in IRTR

Weight gaps