GAA vs IRTR: Grades, Fees and Holdings Compared

Cambria Global Asset Allocation ETF

GAAACboe

iShares LifePath Retirement ETF

IRTRANYSE Arca

Overlap

0.0%by weight

Expense ratio

IRTR −0.24pt a year

GAA0.32%IRTR0.08%

Avg volume · 30D

IRTR 1.5×the volume

GAA8.23KIRTR12.7K

3Y return · a year

GAA +1.7pt

GAA+14.8%IRTR+13.1%

GAA vs IRTR Performance

Oct 31, 2025 – Oct 30, 2026

+12.9%GAA+5.1%IRTR

Expense ratio: GAA 0.32%; IRTR 0.08%, better
Fund size: GAA $79M; IRTR $60M
1Y total return: GAA +12.9%, better; IRTR +5.1%
Yield (12M): GAA 3.48%, better; IRTR 3.17%
Holdings: GAA 31; IRTR 29140
Avg volume (30D): GAA 8.23K sh; IRTR 12.7K sh, better
NAV per share: GAA $34.76; IRTR $31.52
52W range

ETF.net Grade

Pillar letters and Scores for GAA, IRTR, with each pillar’s weight
Pillar	GAA	IRTR
Cost30% weight	A75	A97Higher
Mission25% weight	A86	A100Higher
Risk15% weight	A71	A82Higher
Tradability15% weight	C42	B62Higher
Holdings10% weight	A73	A80Higher
Durability5% weight	B64Higher	B56

Rank among Multi-Asset Allocation funds

How we build Categories ›

Same Category. GAA 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 GAA 5th 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 5AGAACambria Global Asset Allocation ETFScore 71
Rank 6ATRTYCambria Trinity ETFScore 70

Our read on each fund

ETF.net Research

GAAACambria Global Asset Allocation ETF

IRTRAiShares LifePath Retirement ETF

In short

GAA One ticket for the global market portfolio: about 30 exchange-traded funds covering world stocks, bonds, real estate, commodities and currencies, with value and momentum screens shaping the mix, at 0.32% all in.

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

GAA The Fund seeks to preserve and grow capital through a diversified portfolio spanning global stocks, bonds, commodities, and currencies. It uses a quantitative, buy-and-hold approach across global asset classes, including value and momentum exposures.

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

Why people hold it

GAA At 0.32%, it sits below the typical allocation ETF, and below Cambria's other all-in-one fund, Trinity (TRTY), at 0.39%.
One holding reaches across global equities, fixed income, real estate, commodities and currencies, built from other exchange-traded funds rather than single names.sec.gov
Running since December 2014, it carries a decade-plus live record and stands among the stronger builds in the allocation group. Pays 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

GAA It is one of the less-traded funds in its category, so bid/ask spreads can run wider than the giant one-ticket allocation funds.
Commodities and currencies sit alongside the stocks and bonds, so the ride can look nothing like a plain 60/40 blend in either direction.sec.gov
A fund of funds by design, holding both affiliated Cambria ETFs and outside ones, and actively managed since its 2019 switch from tracking Cambria's own index.sec.gov sec.gov 2

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 GAA profile⁠

Full IRTR profile⁠

GAA vs IRTR Holdings

How GAA and IRTR differ

Overlap by weight

0.0%

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

Level by level

Holdings0 in both0.0%
Countryby domicile50.6%
Sector11 Sectors71.8%

Sector

Sector weights in GAA and IRTR, widest gap first
Sector	More in GAAMore in IRTR	GAA	IRTR
Technology	IRTR +19.4 points	11.1%	30.5%
Real Estate	GAA +9.4 points	12.6%	3.2%
Energy	GAA +7.9 points	12.5%	4.6%
Financials	GAA +5.0 points	19.7%	14.7%
Materials	GAA +5.0 points	8.5%	3.5%
Communication	IRTR +3.4 points	4.0%	7.3%
Health Care	IRTR +3.0 points	5.2%	8.2%
Industrials	IRTR +1.6 points	10.3%	11.9%
Consumer Discretionary	GAA +0.9 points	8.8%	7.9%
Utilities	IRTR +0.7 points	3.2%	3.9%
Consumer Staples	IRTR +0.2 points	4.0%	4.2%

Country, concentration and asset class

Country by domicile

Country weights in GAA and IRTR, widest gap first
Country	More in GAAMore in IRTR	GAA	IRTR
United States	IRTR +49.4 points	43.3%	92.7%
South Africa	GAA +6.9 points	6.9%	0.0%
China	GAA +4.9 points	4.9%	0.0%
Taiwan	GAA +3.0 points	4.4%	1.4%
South Korea	GAA +2.9 points	2.9%	0.0%
Thailand	GAA +2.9 points	2.9%	0.0%
United Kingdom	GAA +2.5 points	4.2%	1.7%
Poland	GAA +2.3 points	2.3%	0.0%
Other countries (28)	GAA +23.9 points	28.1%	4.2%

Outside the US: GAA 43% developed, 57% emerging.

Concentration

Weight in the 10 largest Holdings

GAA58.0%
IRTR10.0%

Securities held

GAA30
IRTR29,043

Asset class

GAA: Equity
IRTR: Multi-Asset

Holdings

Only in GAA30
In both0
Only in IRTR29,043

Only in GAA

30 securities, 99.9% of GAA by weight

Cambria Emerging Shareholder Yield ETF10.47%
Cambria Foreign Shareholder Yield ETF7.48%
Cambria Global Value ETF6.98%
Cambria Global Real Estate ETF6.25%
Cambria Tactical Yield ETF5.08%
Cambria Shareholder Yield ETF4.67%
USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund4.45%
State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF4.40%
Cambria Value and Momentum ETF4.13%
Vanguard Total International Bond ETF4.07%
Alpha Architect US Quantitative Momentum ETF4.01%
VanEck Emerging Markets High Yield Bond ETF3.36%
Vanguard Total Bond Market ETF3.32%
Graniteshares Gold Trust2.94%
JPMorgan USD Emerging Markets Sovereign Bond ETF2.58%
Cambria Micro and SmallCap Shareholder Yield ETF2.56%
VanEck J. P. Morgan EM Local Currency Bond ETF2.54%
Vanguard Intermediate-Term Corporate Bond ETF2.49%
Schwab US TIPS ETF2.46%
Cambria LargeCap Shareholder Yield ETF2.32%
Alpha Architect International Quantitative Momentum ETF2.07%
Vanguard Short-Term Corporate Bond ETF1.67%
State Street SPDR FTSE International Government Inflation-Protected Bond ETF1.66%
Vanguard Intermediate-Term Treasury ETF1.64%
Invesco Global Ex US High Yield Corporate Bond ETF1.62%
Vanguard Long-Term Treasury ETF1.60%
VanEck Gold Miners ETF/USA1.30%
Alpha Architect 1-3 Month Box ETF0.90%
First American Treasury Obligations Fund 01/01/20400.55%
VanEck Bitcoin ETF/US0.31%

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

GAA and IRTR share no securities.

All 30 GAA 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.

GAA vs IRTR Cost

Overpaying GAA vs IRTR

$4,853

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

GAA 0.32%
$6,542
IRTR 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

GAA 0.32%
IRTR 0.08%
Overpaying

Year by year

Year	GAA	IRTR	Overpaying
10	$580	$147	$433
20	$2,250	$575	$1,675
30	$6,542	$1,689	$4,853

Expense ratio

0.32%GAA
0.08%IRTR, cheaper

IRTR0.08%GAA0.32%

0.06%1.36%

Middle half of Multi-Asset Allocation funds
Median 0.57%

IRTR 2nd cheapest of 37 funds

GAA 10th cheapest of 37 funds

GAA vs IRTR Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GAA 3.48%, better; IRTR 3.17%
Payout (12M): GAA $1.21; IRTR $1.00
Last payment: GAA $0.29; IRTR $0.08
Ex-dividend: GAA Sep 22, 2026; IRTR Oct 2, 2026
Paid on: GAA Sep 23, 2026; IRTR Oct 7, 2026
Frequency: GAA Quarterly; IRTR Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GAAQuarterly · 15 paymentsAll GAA payments⁠

IRTRMonthly · 35 paymentsAll IRTR payments⁠

GAA vs IRTR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GAA 8.2%IRTR 7.3%, better
Return per unit of riskSharpe ratio, 3 years: GAA 1.20, betterIRTR 1.14
Worst fallMax drawdown, 5 years: GAA −18.4%IRTR −6.3%since Oct 2023
Market sensitivityBeta, 5 years: GAA 0.76IRTR 0.47; Market = 1

GAA and IRTR in the news

All news⁠

New ETFs
YieldMax lists an SK hynix options ETF that does not own the shares
Oct 28, 2026GAA

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GAA vs IRTR

In short

Stated mandate

Why people hold it

Worth knowing

How GAA and IRTR differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GAA

Only in IRTR

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

YieldMax lists an SK hynix options ETF that does not own the shares

How GAA and IRTR differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GAA

Only in IRTR

Weight gaps