IRTR vs LQ: Grades, Fees and Holdings Compared

iShares LifePath Retirement ETF

IRTRANYSE Arca

Simplify Tax Aware Alternatives ETF

LQCNasdaq

Overlap

0.0%by weight

Expense ratio

IRTR −0.07pt a year

IRTR0.08%LQ0.15%

Avg volume · 30D

IRTR 20.4×the volume

IRTR12.7KLQ624

IRTR vs LQ Performance

Jul 31, 2026 – Oct 30, 2026

0.0%IRTR+1.9%LQ

Expense ratio: IRTR 0.08%, better; LQ 0.15%
Fund size: IRTR $60M; LQ $2M
1Y total return: IRTR +5.1%; LQ No data
Yield (12M): IRTR 3.17%; LQ No data
Holdings: IRTR 29140; LQ 1
Avg volume (30D): IRTR 12.7K sh, better; LQ 624 sh
NAV per share: IRTR $31.52; LQ $23.94
52W range

ETF.net Grade

Pillar letters and Scores for IRTR, LQ, with each pillar’s weight
Pillar	IRTR	LQ
Cost30% weight	A97Higher	A93
Mission25% weight	A100	Not scored
Risk15% weight	A82Higher	C48
Tradability15% weight	B62Higher	D25
Holdings10% weight	A80	Not scored
Durability5% weight	B56Higher	D36

Rank among Multi-Asset Allocation funds

How we build Categories ›

Same Category. IRTR and LQ 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 LQ 26th 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 25CHECAHedgeye Capital Allocation ETFScore 41
Rank 26CLQSimplify Tax Aware Alternatives ETFScore 40
Rank 26CMHIGMilliman Healthcare Inflation Guard ETFScore 40

Our read on each fund

ETF.net Research

IRTRAiShares LifePath Retirement ETF

LQCSimplify Tax Aware Alternatives ETF

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.

LQ Simplify's alternatives lineup (managed futures, commodities, currencies, energy, tail hedges) in one ticker, held through year-plus swaps so gains at expiry can qualify as long-term capital gains. The tax plumbing is the product.

Stated mandate

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

LQ The Fund seeks long-term capital appreciation through a diversified, actively managed portfolio of alternative strategies designed to diversify traditional stock-and-bond portfolios and reduce the tax impact of investing.

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%.

LQ 0.25% a year for an actively managed alternatives book, well under the typical fund in the multi-asset allocation group.sec.gov
Exposure runs through swaps on Simplify ETFs with tenors of at least one year, so gains at expiration are eligible for long-term capital gains treatment.simplify.us
One holding covers managed futures, commodities, currencies, energy infrastructure and tail-risk hedges, instead of stacking separate strategy tickers.simplify.us simplify.us 2
Mandate is the classic diversifier job: strategies chosen for low correlation to stocks and bonds, run globally and actively.simplify.us

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

LQ Launched in 2026 with a small asset base and light trading, so there is little live history to judge and quotes can be wide.
Results ride on Simplify's own in-house strategies, and swap-based exposure carries counterparty risk that directly held positions do not.simplify.us
Payouts come annually or semiannually, and the fund notes the final tax character of a distribution is set on Form 1099-DIV, not at payment.simplify.us

Full IRTR profile⁠

Full LQ profile⁠

IRTR vs LQ Holdings

How IRTR and LQ differ

Overlap by weight

0.0%

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

Level by level

Holdings0 in both0.0%

Sector

No Sector split for LQ.

Country, concentration and asset class

Country by domicile

No country split for LQ.

Concentration

Weight in the 10 largest Holdings

IRTR10.0%
LQ100.0%

Securities held

IRTR29,043
LQ0

Asset class

IRTR: Multi-Asset
LQ: Alternatives

Holdings

Only in IRTR29,043
In both0
Only in LQ0

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 LQ

0 securities, 0.0% of LQ by weight

Weight gaps

IRTR and LQ share no securities.

All IRTR holdings⁠All LQ 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 LQ Cost

Overpaying LQ vs IRTR

$1,448

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

IRTR 0.08%
$1,689
LQ 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

IRTR 0.08%
LQ 0.15%
Overpaying

Year by year

Year	IRTR	LQ	Overpaying
10	$147	$274	$127
20	$575	$1,071	$496
30	$1,689	$3,137	$1,448

Expense ratio

0.08%IRTR, cheaper
0.15%LQ

IRTR0.08%LQ0.15%

0.06%1.36%

Middle half of Multi-Asset Allocation funds
Median 0.57%

IRTR 2nd cheapest of 37 funds

LQ 3rd cheapest of 37 funds

IRTR vs LQ Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IRTR 3.17%; LQ No data
Payout (12M): IRTR $1.00; LQ No data
Last payment: IRTR $0.08; LQ $0.25
Ex-dividend: IRTR Oct 2, 2026; LQ Sep 25, 2026
Paid on: IRTR Oct 7, 2026; LQ Sep 30, 2026
Frequency: IRTR Monthly; LQ Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

IRTRMonthly · 35 paymentsAll IRTR payments⁠

LQQuarterly · 2 paymentsAll LQ payments⁠

IRTR vs LQ 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%LQ No data
Return per unit of riskSharpe ratio, 3 years: IRTR 1.14LQ No data
Worst fallMax drawdown, 5 years: IRTR −6.3%since Oct 2023LQ No data
Market sensitivityBeta, 5 years: IRTR 0.47LQ 1.29; Market = 1

IRTR and LQ in the news

All news⁠

Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Oct 9, 2026LQ

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IRTR vs LQ

In short

Stated mandate

Why people hold it

Worth knowing

How IRTR and LQ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IRTR

Only in LQ

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies

How IRTR and LQ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IRTR

Only in LQ

Weight gaps