GLDB vs IRTR: Grades, Fees and Holdings Compared

IDX Alternative FIAT ETF

GLDBFNasdaq

iShares LifePath Retirement ETF

IRTRANYSE Arca

Overlap

0.0%by weight

Expense ratio

IRTR −0.88pt a year

GLDB0.96%IRTR0.08%

Avg volume · 30D

IRTR 1.04×the volume

GLDB12.2KIRTR12.7K

GLDB vs IRTR Performance

Oct 31, 2025 – Oct 30, 2026

−19.1%GLDB+5.1%IRTR

Expense ratio: GLDB 0.96%; IRTR 0.08%, better
Fund size: GLDB $36M; IRTR $60M
1Y total return: GLDB −19.1%; IRTR +5.1%, better
Yield (12M): GLDB No data; IRTR 3.17%
Holdings: GLDB 10; IRTR 29140
Avg volume (30D): GLDB 12.2K sh; IRTR 12.7K sh, better
NAV per share: GLDB $19.82; IRTR $31.52
52W range

ETF.net Grade

Pillar letters and Scores for GLDB, IRTR, with each pillar’s weight
Pillar	GLDB	IRTR
Cost30% weight	F18	A97Higher
Mission25% weight	Not scored	A100
Risk15% weight	F5	A82Higher
Tradability15% weight	D29	B62Higher
Holdings10% weight	Not scored	A80
Durability5% weight	F24	B56Higher

Rank among Multi-Asset Allocation funds

How we build Categories ›

Same Category. GLDB 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 GLDB 36th 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 36FESBGFirst Trust Enhanced Stocks, Bonds & Gold ETFScore 17
Rank 36FGLDBIDX Alternative FIAT ETFScore 17

Our read on each fund

ETF.net Research

GLDBFIDX Alternative FIAT ETF

IRTRAiShares LifePath Retirement ETF

In short

GLDB Gold and bitcoin in one wrapper, geared to roughly 1.25x and re-tilted weekly by rules instead of hunches. It is the anti-fiat trade as a single ticker, priced at 0.96% a year.

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

GLDB The Fund seeks capital appreciation through dynamic exposure to Bitcoin and gold, with possible smaller allocations to related cryptocurrency and precious-metal exposures.

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

Why people hold it

GLDB One ticker for the whole anti-fiat trade: bitcoin and gold side by side, with the split reset weekly by a rules-based model that can swing all the way into either one.sec.gov sec.gov 2
Leverage is dialed low by design: the fund generally seeks 1.25x exposure, with at least 80% of net assets in bitcoin- and gold-linked futures, swaps and ETPs.sec.gov
Room to roam beyond the core two: up to 40% can sit in adjacent stores of value such as ether, silver and other precious metals when the model favors them.sec.gov

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

GLDB At 0.96% it prices above the category median, and well above multi-asset peers like Cambria's TRTY at 0.39%.
Gearing cuts both ways: 1.25x magnifies drawdowns as readily as gains, and gold and bitcoin can slide in the same week.sec.gov
Launched in 2025 and still small, it trades lightly, so spreads can run wider than in the category's household names.

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 GLDB profile⁠

Full IRTR profile⁠

GLDB vs IRTR Holdings

How GLDB and IRTR differ

Overlap by weight

0.0%

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

Level by level

Holdings0 in both0.0%

Sector

No Sector split for GLDB.

Country, concentration and asset class

Country by domicile

No country split for GLDB.

Concentration

Weight in the 10 largest Holdings

GLDB100.0%
IRTR10.0%

Securities held

GLDB6
IRTR29,043

Asset class

GLDB: Equity
IRTR: Multi-Asset

Holdings

Only in GLDB6
In both0
Only in IRTR29,043

Only in GLDB

6 securities, 63.6% of GLDB by weight

First American Government Obligations Fund 12/01/203139.33%
GOLD 100 OZ FUTR Dec2623.76%
SPDR Gold MiniShares Trust0.24%
iShares Bitcoin Trust ETF0.11%
iShares Silver Trust0.11%
iShares Ethereum Trust ETF0.06%

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

GLDB and IRTR share no securities.

All 10 GLDB 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.

GLDB vs IRTR Cost

Overpaying GLDB vs IRTR

$16,345

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

GLDB 0.96%
$18,034
IRTR 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

GLDB 0.96%
IRTR 0.08%
Overpaying

Year by year

Year	GLDB	IRTR	Overpaying
10	$1,695	$147	$1,548
20	$6,383	$575	$5,808
30	$18,034	$1,689	$16,345

Expense ratio

0.96%GLDB
0.08%IRTR, cheaper

IRTR0.08%GLDB0.96%

0.06%1.36%

Middle half of Multi-Asset Allocation funds
Median 0.57%

IRTR 2nd cheapest of 37 funds

GLDB 31st cheapest of 37 funds

GLDB vs IRTR Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GLDB No data; IRTR 3.17%
Payout (12M): GLDB No data; IRTR $1.00
Last payment: GLDB $0.05; IRTR $0.08
Ex-dividend: GLDB Dec 23, 2025; IRTR Oct 2, 2026
Paid on: GLDB Dec 24, 2025; IRTR Oct 7, 2026
Frequency: GLDB Irregular; IRTR Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GLDBIrregular · 1 paymentAll GLDB payments⁠

IRTRMonthly · 35 paymentsAll IRTR payments⁠

GLDB vs IRTR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GLDB 33.1%since Nov 2025IRTR 7.3%
Return per unit of riskSharpe ratio, 3 years: GLDB −0.60since Nov 2025IRTR 1.14
Worst fallMax drawdown, 5 years: GLDB −38.3%since Oct 2025IRTR −6.3%since Oct 2023
Market sensitivityBeta, 5 years: GLDB 0.63IRTR 0.47; Market = 1

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