GAL vs IRTR: Grades, Fees and Holdings Compared

State Street Global Allocation ETF

GALBNYSE Arca

iShares LifePath Retirement ETF

IRTRANYSE Arca

Overlap

0.0%by weight

Expense ratio

IRTR −0.27pt a year

GAL0.35%IRTR0.08%

Avg volume · 30D

GAL 1.2×the volume

GAL14.7KIRTR12.7K

3Y return · a year

GAL +1.7pt

GAL+14.1%IRTR+12.4%

GAL vs IRTR Performance

Oct 31, 2025 – Nov 2, 2026

+8.3%GAL+5.1%IRTR

Expense ratio: GAL 0.35%; IRTR 0.08%, better
Fund size: GAL $319M; IRTR $60M
1Y total return: GAL +8.3%, better; IRTR +5.1%
Yield (12M): GAL 3.25%, better; IRTR 3.17%
Holdings: GAL 19; IRTR 29140
Avg volume (30D): GAL 14.7K sh, better; IRTR 12.7K sh
NAV per share: GAL $52.69; IRTR $31.52
52W range

ETF.net Grade

Pillar letters and Scores for GAL, IRTR, with each pillar’s weight
Pillar	GAL	IRTR
Cost30% weight	A72	A97Higher
Mission25% weight	B56	A100Higher
Risk15% weight	B66	A82Higher
Tradability15% weight	B65Higher	B62
Holdings10% weight	C48	A80Higher
Durability5% weight	A83Higher	B56

Rank among Multi-Asset Allocation funds

How we build Categories ›

Same Category. GAL 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 GAL 8th 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 7BDDVDefined Duration 5 ETFScore 67
Rank 8BGALState Street Global Allocation ETFScore 64
Rank 9BTBFCBrinsmere Fund Conservative ETFScore 62

Our read on each fund

ETF.net Research

GALBState Street Global Allocation ETF

IRTRAiShares LifePath Retirement ETF

In short

GAL A whole portfolio in one ticker. State Street's allocation team stacks ETFs across asset classes, anchors around a 60% equity mix, and keeps at least 30% of the money in securities tied outside the US.

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

GAL The fund seeks capital appreciation by investing in exchange traded funds across a diversified mix of asset classes. It generally invests at least 30% in securities tied to countries outside the U.S. and typically allocates about 60% to equities, subject to tactical decisions.

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

Why people hold it

GAL Charges 0.35% a year, well under half the 0.78% typical of allocation funds. Cheap for a hands-on, actively steered multi-asset portfolio.
Built-in global tilt: at least 30% goes to securities tied to countries outside the US, a rule many US-centric balanced funds leave to the manager's mood.ssga.com
Trading since 2012, so the strategy has run through several full market cycles rather than one lucky stretch.
One buy gets a diversified mix, and the roughly 60/40 equity baseline plus tactical shifts happen inside the fund instead of on your rebalancing to-do list.

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

GAL Thinly traded next to the category's giants, so spreads can widen and limit orders carry more weight than they would in a heavily traded fund.
It holds ETFs, not individual stocks and bonds. Your real exposure depends on the underlying funds the managers pick, which adds a layer between you and the securities.ssga.com
Cheaper allocation options exist: AOA runs 0.19% and IRTR 0.08%, though both follow fixed glide paths rather than the tactical shifts GAL is built for.

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 GAL profile⁠

Full IRTR profile⁠

GAL vs IRTR Holdings

How GAL and IRTR differ

Overlap by weight

0.0%

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

Level by level

Holdings0 in both0.0%
Countryby domicile74.1%
Sector11 Sectors95.6%

Sector

Sector weights in GAL and IRTR, widest gap first
Sector	More in GALMore in IRTR	GAL	IRTR
Utilities	IRTR +1.7 points	2.2%	3.9%
Financials	GAL +1.5 points	16.2%	14.7%
Materials	GAL +1.4 points	4.8%	3.5%
Technology	IRTR +1.2 points	29.3%	30.5%
Consumer Discretionary	GAL +1.1 points	8.9%	7.9%
Energy	IRTR +0.5 points	4.1%	4.6%
Communication	IRTR +0.6 points	6.8%	7.3%
Real Estate	IRTR +0.4 points	2.8%	3.2%
Consumer Staples	GAL +0.3 points	4.5%	4.2%
Industrials	GAL +0.2 points	12.1%	11.9%
Health Care	Same weight	8.2%	8.2%

Country, concentration and asset class

Country by domicile

Country weights in GAL and IRTR, widest gap first
Country	More in GALMore in IRTR	GAL	IRTR
United States	IRTR +25.0 points	67.7%	92.7%
Japan	GAL +5.1 points	7.7%	2.6%
China	GAL +2.6 points	2.6%	0.0%
Taiwan	GAL +2.4 points	3.8%	1.4%
France	GAL +2.2 points	2.2%	0.0%
Australia	GAL +2.0 points	2.0%	0.0%
Switzerland	GAL +2.0 points	2.0%	0.0%
Canada	GAL +1.6 points	3.2%	1.6%
Other countries (31)	GAL +7.3 points	9.0%	1.7%

Outside the US: GAL 69% developed, 31% emerging.

Concentration

Weight in the 10 largest Holdings

GAL88.7%
IRTR10.0%

Securities held

GAL17
IRTR29,043

Asset class

GAL: Multi-Asset
IRTR: Multi-Asset

Holdings

Only in GAL17
In both0
Only in IRTR29,043

Only in GAL

17 securities, 99.6% of GAL by weight

State Street Spdr S+p 500 Etf24.21%
State Street Spdr Portfolio AG17.81%
State Street Spdr Portfolio De16.00%
State Street Spdr Portfolio Em8.51%
State Street Spdr Bloomberg En5.01%
State Street Spdr Bloomberg 14.05%
State Street Spdr Portfolio Lo4.04%
State Street Spdr Portfolio Lo3.07%
State Street Spdr Bloomberg Em3.04%
State Street Spdr Bloomberg In2.99%
State Street Spdr S+p Internat2.94%
State Street Blackstone Senior2.49%
State Street Spdr S+p Midcap 42.03%
Vanguard Ftse Pacific Etf1.91%
State Street Spdr Bloomberg Em1.49%
State Street Spdr Portfolio S+<0.01%
State Street Spdr Bloomberg Hi<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

GAL and IRTR share no securities.

All 17 GAL 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.

GAL vs IRTR Cost

Overpaying GAL vs IRTR

$5,437

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

GAL 0.35%
$7,126
IRTR 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

GAL 0.35%
IRTR 0.08%
Overpaying

Year by year

Year	GAL	IRTR	Overpaying
10	$634	$147	$487
20	$2,454	$575	$1,879
30	$7,126	$1,689	$5,437

Expense ratio

0.35%GAL
0.08%IRTR, cheaper

IRTR0.08%GAL0.35%

0.06%1.36%

Middle half of Multi-Asset Allocation funds
Median 0.57%

IRTR 2nd cheapest of 37 funds

GAL 11th cheapest of 37 funds

GAL vs IRTR Dividends

Last 12 months to Nov 2, 2026

Yield (12M): GAL 3.25%, better; IRTR 3.17%
Payout (12M): GAL $1.70; IRTR $1.00
Last payment: GAL $0.28; IRTR $0.08
Ex-dividend: GAL Sep 25, 2026; IRTR Oct 2, 2026
Paid on: GAL Sep 29, 2026; IRTR Oct 7, 2026
Frequency: GAL Quarterly; IRTR Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GALQuarterly · 15 paymentsAll GAL payments⁠

IRTRMonthly · 35 paymentsAll IRTR payments⁠

GAL vs IRTR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GAL 7.9%IRTR 7.3%, better
Return per unit of riskSharpe ratio, 3 years: GAL 1.26, betterIRTR 1.14
Worst fallMax drawdown, 5 years: GAL −21.1%IRTR −6.3%since Oct 2023
Market sensitivityBeta, 5 years: GAL 0.89IRTR 0.47; Market = 1

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