IRTR vs LCR: Grades, Fees and Holdings Compared

iShares LifePath Retirement ETF

IRTRANYSE Arca

Leuthold Core Exchange Traded Fund

LCRCNYSE Arca

Overlap

0.0%by weight

Expense ratio

IRTR −0.75pt a year

IRTR0.08%LCR0.83%

Avg volume · 30D

IRTR 2.6×the volume

IRTR12.7KLCR4.95K

3Y return · a year

IRTR +0.8pt

IRTR+13.1%LCR+12.3%

IRTR vs LCR Performance

Oct 31, 2025 – Oct 30, 2026

+5.1%IRTR+7.7%LCR

Expense ratio: IRTR 0.08%, better; LCR 0.83%
Fund size: IRTR $60M; LCR $66M
1Y total return: IRTR +5.1%; LCR +7.7%, better
Yield (12M): IRTR 3.17%, better; LCR 1.29%
Holdings: IRTR 29140; LCR 34
Avg volume (30D): IRTR 12.7K sh, better; LCR 4.95K sh
NAV per share: IRTR $31.52; LCR $40.39
52W range

ETF.net Grade

Pillar letters and Scores for IRTR, LCR, with each pillar’s weight
Pillar	IRTR	LCR
Cost30% weight	A97Higher	D25
Mission25% weight	A100Higher	A77
Risk15% weight	A82Higher	B63
Tradability15% weight	B62Higher	B55
Holdings10% weight	A80Higher	B55
Durability5% weight	B56Higher	B55

Rank among Multi-Asset Allocation funds

How we build Categories ›

Same Category. IRTR and LCR 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 LCR 21st 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 19CRLYState Street Multi-Asset Real Return ETFScore 53
Rank 21CLCRLeuthold Core Exchange Traded FundScore 52
Rank 22CCSRACohen & Steers Real Assets Active ETFScore 50

Our read on each fund

ETF.net Research

IRTRAiShares LifePath Retirement ETF

LCRCLeuthold Core Exchange Traded Fund

In short

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.

LCR Leuthold has sold tactical asset allocation to institutions since the 1980s. LCR packs that discipline into an ETF of ETFs that slides between stocks, bonds and alternatives on a quantitative read.

Stated mandate

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

LCR The Fund seeks capital appreciation and income, described as total return.

Why people hold it

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%.

LCR Leuthold was among the first shops offering institutions tactical asset allocation in the 1980s, and LCR has run that discipline in an ETF wrapper since January 2020.leutholdgroup.com
One ticker, roughly 30 underlying funds: US, foreign and emerging-market stocks, bonds, commodities, volatility and managed futures share the same wrapper.leutholdgroup.com
Unconstrained by design: style-box and market-cap agnostic, with equity weight set by the adviser's Major Trend Index read on valuation, macro, sentiment and price action.leutholdgroup.com sec.gov

Worth knowing

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

LCR Costs 0.83% net of a waiver through January 17, 2027 (1.01% gross), above the allocation-fund norm; index peers IRTR (0.08%) and UCBG (0.06%) cost far less.
Trades lightly next to the category's household names, which can show up as wider spreads on the screen.
Tactical means the mix moves with the models, so at any moment the portfolio can look nothing like a static 60/40.leutholdgroup.com

Full IRTR profile⁠

Full LCR profile⁠

IRTR vs LCR Holdings

How IRTR and LCR differ

Overlap by weight

0.0%

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

Level by level

Holdings0 in both0.0%
Sector11 Sectors78.3%
Countryby domicile94.5%

Sector

Sector weights in IRTR and LCR, widest gap first
Sector	More in IRTRMore in LCR	IRTR	LCR
Health Care	LCR +11.9 points	8.2%	20.1%
Industrials	IRTR +6.6 points	11.9%	5.3%
Energy	LCR +5.2 points	4.6%	9.8%
Utilities	IRTR +3.9 points	3.9%	0.0%
Consumer Staples	IRTR +3.7 points	4.2%	0.5%
Real Estate	IRTR +3.2 points	3.2%	0.0%
Technology	LCR +2.9 points	30.5%	33.4%
Consumer Discretionary	IRTR +2.3 points	7.9%	5.6%
Communication	IRTR +2.1 points	7.3%	5.3%
Materials	LCR +1.8 points	3.5%	5.3%
Financials	IRTR +0.1 points	14.7%	14.6%

Country, concentration and asset class

Country by domicile

Country weights in IRTR and LCR, widest gap first
Country	More in IRTRMore in LCR	IRTR	LCR
Japan	IRTR +2.0 points	2.6%	0.6%
Taiwan	IRTR +1.4 points	1.4%	0.0%
Canada	IRTR +1.2 points	1.6%	0.4%
United Kingdom	IRTR +0.9 points	1.7%	0.8%
Switzerland	LCR +0.8 points	0.0%	0.8%
Ireland	LCR +0.5 points	0.0%	0.5%
Other countries (33)	LCR +4.2 points	92.7%	96.9%

Concentration

Weight in the 10 largest Holdings

IRTR10.0%
LCR64.9%

Securities held

IRTR29,043
LCR32

Asset class

IRTR: Multi-Asset
LCR: Multi-Asset

Holdings

Only in IRTR29,043
In both0
Only in LCR32

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%

Only in LCR

32 securities, 99.0% of LCR by weight

iShares 1-3 Year Treasury Bond ETF14.20%
State Street Technology Select Sector SPDR ETF11.86%
iShares 0-5 Year TIPS Bond ETF9.21%
Direxion Daily S&P 500 Bear 1X ETF4.99%
Us Bank Mmda - Usbgfs 9 09/01/20374.73%
Leuthold Select Industries ETF4.68%
State Street Energy Select Sector SPDR ETF4.06%
iShares U.S. Healthcare Providers ETF3.91%
State Street Health Care Select Sector SPDR ETF3.78%
iShares Biotechnology ETF3.43%
State Street Consumer Staples Select Sector SPDR ETF3.12%
State Street Financial Select Sector SPDR ETF3.08%
iShares Expanded Tech-Software Sector ETF2.76%
Invesco S&P 500 Equal Weight Consumer Discretionary ETF2.70%
iShares U.S. Insurance ETF2.61%
State Street Communication Services Select Sector SPDR ETF2.44%
VanEck Oil Services ETF2.10%
State Street Industrial Select Sector SPDR ETF1.54%
iShares U.S. Transportation ETF1.49%
Spdr Barclays Capital Intl Treasury Bond Etf1.42%
iShares 7-10 Year Treasury Bond ETF1.41%
iShares 5-10 Year Investment Grade Corporate Bond ETF1.36%
iShares MBS ETF1.26%
VanEck Pharmaceutical ETF1.06%
Amplify Digital Payments ETF1.02%
Vanguard Short-Term Inflation-Protected Securities ETF0.94%
State Street SPDR S&P Retail ETF0.92%
Ishares Barclays Tips Bond Fund0.85%
iShares International Treasury Bond ETF0.80%
iShares 1-3 Year International Treasury Bond ETF0.46%
State Street SPDR FTSE International Government Inflation-Protected Bond ETF0.44%
Invesco CurrencyShares Japanese Yen Trust0.40%

Weight gaps

IRTR and LCR share no securities.

All IRTR holdings⁠All 34 LCR 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.

IRTR vs LCR Cost

Overpaying LCR vs IRTR

$14,170

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

IRTR 0.08%
$1,689
LCR 0.83%
$15,859

Amount$10,000

Years30 years

Cost over time

IRTR 0.08%
LCR 0.83%
Overpaying

Year by year

Year	IRTR	LCR	Overpaying
10	$147	$1,474	$1,327
20	$575	$5,581	$5,006
30	$1,689	$15,859	$14,170

Expense ratio

0.08%IRTR, cheaper
0.83%LCR

IRTR0.08%LCR0.83%

0.06%1.36%

Middle half of Multi-Asset Allocation funds
Median 0.57%

IRTR 2nd cheapest of 37 funds

LCR 28th cheapest of 37 funds

IRTR vs LCR Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IRTR 3.17%, better; LCR 1.29%
Payout (12M): IRTR $1.00; LCR $0.52
Last payment: IRTR $0.08; LCR $0.52
Ex-dividend: IRTR Oct 2, 2026; LCR Dec 11, 2025
Paid on: IRTR Oct 7, 2026; LCR Dec 12, 2025
Frequency: IRTR Monthly; LCR Annual

Distribution history

Per share, 2023 to 2026, same scale for both

IRTRMonthly · 35 paymentsAll IRTR payments⁠

LCRAnnual · 3 paymentsAll LCR payments⁠

IRTR vs LCR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IRTR 7.3%, betterLCR 7.7%
Return per unit of riskSharpe ratio, 3 years: IRTR 1.14, betterLCR 0.98
Worst fallMax drawdown, 5 years: IRTR −6.3%since Oct 2023LCR −13.4%
Market sensitivityBeta, 5 years: IRTR 0.47LCR 0.77; Market = 1

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