IRTR vs OCIO: Grades, Fees and Holdings Compared

iShares LifePath Retirement ETF

IRTRANYSE Arca

ClearShares OCIO ETF

OCIOBNYSE Arca

Overlap

7.0%by weight

Expense ratio

IRTR −0.57pt a year

IRTR0.08%OCIO0.65%

Avg volume · 30D

IRTR 4.9×the volume

IRTR12.7KOCIO2.62K

3Y return · a year

OCIO +1.0pt

IRTR+13.1%OCIO+14.1%

IRTR vs OCIO Performance

Oct 31, 2025 – Oct 30, 2026

+5.1%IRTR+8.1%OCIO

Expense ratio: IRTR 0.08%, better; OCIO 0.65%
Fund size: IRTR $60M; OCIO $168M
1Y total return: IRTR +5.1%; OCIO +8.1%, better
Yield (12M): IRTR 3.17%; OCIO 9.49%, better
Holdings: IRTR 29140; OCIO 62
Avg volume (30D): IRTR 12.7K sh, better; OCIO 2.62K sh
NAV per share: IRTR $31.52; OCIO $36.99
52W range

ETF.net Grade

Pillar letters and Scores for IRTR, OCIO, with each pillar’s weight
Pillar	IRTR	OCIO
Cost30% weight	A97Higher	C44
Mission25% weight	A100Higher	A92
Risk15% weight	A82Higher	C47
Tradability15% weight	B62Higher	D37
Holdings10% weight	A80	A83Higher
Durability5% weight	B56	B67Higher

Rank among Multi-Asset Allocation funds

How we build Categories ›

Same Category. IRTR and OCIO 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 OCIO 12th 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 10BTBFGBrinsmere Fund Growth ETFScore 61
Rank 12BOCIOClearShares OCIO ETFScore 60
Rank 12BRMHYGlobal X Adaptive Risk Managed Yield ETFScore 60

Our read on each fund

ETF.net Research

IRTRAiShares LifePath Retirement ETF

OCIOBClearShares OCIO 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.

OCIO Endowment boards hire an outsourced CIO to run the money. OCIO bottles that idea in an ETF: an active, go-anywhere basket of other ETFs that seeks to outperform a plain global 60/40, for 0.65% net of a waiver through September 30, 2027.

Stated mandate

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

OCIO The Fund seeks to outperform a traditional 60/40 portfolio of global equities and fixed-income investments.

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%.

OCIO Active where the shelf is mostly static: managers can move across global stocks, bonds and other ETFs (roughly 70 positions) instead of riding a fixed allocation.sec.gov
Adviser Clearbrook runs outsourced-CIO mandates for institutions, and charges the fund a single unified management fee rather than billing expenses piecemeal.sec.gov
Trading since 2017, so the approach has a real multi-year track record through several rate and equity cycles, not a backtest.
Sticks closely to its stated job of beating a global 60/40, and sits among the stronger implementations in its allocation peer group. Pays quarterly.

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

OCIO 0.65% net of a waiver through September 30, 2027 is above the allocation category median; index-built rivals like AOA run 0.15%, net of a waiver through November 30, 2026.
Results ride on the manager's calls rather than an index, and as a fund of funds you also carry the costs of the ETFs it holds.sec.gov
A smaller, thinly traded fund next to the category's giants, so spreads can be wider and limit orders do more work.

Full IRTR profile⁠

Full OCIO profile⁠

IRTR vs OCIO Holdings

How IRTR and OCIO differ

Overlap by weight

7.0%

Shared holdings make up 11.2% of IRTR and 7.0% of OCIO.

Level by level

Holdings24 in both7.0%
Countryby domicile82.1%
Sector11 Sectors91.7%

Sector

Sector weights in IRTR and OCIO, widest gap first
Sector	More in IRTRMore in OCIO	IRTR	OCIO
Technology	OCIO +8.2 points	30.5%	38.7%
Utilities	IRTR +1.9 points	3.9%	2.0%
Real Estate	IRTR +1.6 points	3.2%	1.6%
Industrials	IRTR +1.5 points	11.9%	10.4%
Financials	IRTR +1.5 points	14.7%	13.2%
Communication	IRTR +0.8 points	7.3%	6.6%
Consumer Discretionary	IRTR +0.5 points	7.9%	7.4%
Materials	IRTR +0.4 points	3.5%	3.1%
Energy	IRTR +0.4 points	4.6%	4.2%
Health Care	OCIO +0.1 points	8.2%	8.3%
Consumer Staples	IRTR +0.1 points	4.2%	4.1%

Country, concentration and asset class

Country by domicile

Country weights in IRTR and OCIO, widest gap first
Country	More in IRTRMore in OCIO	IRTR	OCIO
United States	IRTR +17.8 points	92.7%	74.9%
Taiwan	OCIO +1.8 points	1.4%	3.2%
South Korea	OCIO +1.8 points	0.0%	1.8%
Switzerland	OCIO +1.5 points	0.0%	1.5%
Japan	OCIO +1.4 points	2.6%	4.0%
China	OCIO +1.3 points	0.0%	1.3%
Germany	OCIO +1.2 points	0.0%	1.2%
France	OCIO +1.2 points	0.0%	1.2%
Other countries (31)	OCIO +7.7 points	3.3%	11.0%

Outside the US: OCIO 65% developed, 35% emerging.

Concentration

Weight in the 10 largest Holdings

IRTR10.0%
OCIO48.6%

Securities held

IRTR29,043
OCIO61

Asset class

IRTR: Multi-Asset
OCIO: Equity

Holdings

Only in IRTR29,019
In both24
Only in OCIO37

Only in IRTR

29,019 securities, 88.3% of IRTR by weight

Treasury Note 1.38% 11/15/2031 (Tnote)1.28%
Treasury Note 2.63% 02/15/2029 (Tnote)0.76%
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%
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%
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%
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%
Treasury Bond 1.88% 02/15/2051 (Tbond)0.34%
Treasury (Cpi) Note 0.88% 01/15/2029 (Tips)0.31%
Treasury Note 4.00% 05/31/2028 (Tnote)0.31%
Treasury Note (Old) 4.38% 05/15/2036 (Tnote)0.28%
Treasury Note 2.38% 05/15/2029 (Tnote)0.28%
Treasury Note 4.00% 05/31/2030 (Tnote)0.26%
Treasury Note 4.00% 02/29/2028 (Tnote)0.25%
Treasury Note 4.00% 02/15/2034 (Tnote)0.25%
Treasury Note 3.88% 03/31/2028 (Tnote)0.25%
Treasury Note 1.25% 09/30/2028 (Tnote)0.25%
Treasury (Cpi) Note 2.25% 10/15/2031 (Tips)0.25%
Treasury Note 4.00% 02/28/2030 (Tnote)0.24%
Treasury Note 4.38% 05/15/2034 (Tnote)0.24%
Treasury Note 3.88% 08/15/2034 (Tnote)0.24%
Samsung Electronics Ltd0.23%
Treasury Note 1.25% 03/31/2028 (Tnote)0.23%
Treasury Note 3.50% 02/15/2033 (Tnote)0.22%
Treasury Note 1.50% 11/30/2028 (Tnote)0.22%
Treasury (Cpi) Note 3.88% 04/15/2029 (Tips)0.22%
Treasury Bond 2.88% 11/15/2046 (Tbond)0.21%
Treasury Note 4.50% 11/15/2033 (Tnote)0.21%
Treasury Note 1.88% 02/15/2032 (Tnote)0.21%

Only in OCIO

37 securities, 93.0% of OCIO by weight

Invesco QQQ Trust Series 16.73%
Vanguard Morningstar Value ETF6.02%
Vanguard Ftse Developed Etf5.53%
Vanguard Morningstar Total Stock Market ETF4.76%
State Street SPDR S&P 500 ETF Trust4.67%
iShares Core S&P 500 ETF4.56%
WisdomTree Floating Rate Treasury Fund4.43%
Vanguard S&P 500 ETF4.28%
VanEck Commodity Strategy ETF4.00%
iShares 1-3 Year Treasury Bond ETF3.61%
Schwab International Equity ETF3.52%
iShares Currency Hedged MSCI EAFE ETF3.44%
Clearshares Ultra-Short Maturity ETF3.33%
State Street SPDR Portfolio S&P 1500 Composite Sto3.05%
Vanguard Morningstar Large-Cap ETF2.98%
iShares 0-5 Year TIPS Bond ETF2.85%
Vanguard Information Technology ETF2.78%
Vanguard FTSE Emerging Markets ETF2.67%
iShares 3-7 Year Treasury Bond ETF2.10%
Vanguard Morningstar Growth ETF2.01%
Vanguard High Dividend Yield ETF1.81%
Invesco Dorsey Wright Emerging Markets Momentum ET1.64%
iShares Russell Mid-Cap Growth ETF1.42%
iShares MSCI USA Momentum Factor ETF1.38%
iShares Russell 1000 Growth ETF1.27%
iShares Core U.S. Aggregate Bond ETF1.14%
iShares MSCI Emerging Markets ex China ETF0.92%
First American Government Obligations Fund 12/01/20.88%
DoubleLine Commodity Strategy ETF0.77%
Invesco Optimum Yield Diversified Commodity Strate0.77%
AB Disruptors ETF0.74%
iShares Core S&P Mid-Cap ETF0.73%
iShares Russell 2000 ETF0.56%
Roundhill Memory ETF0.53%
iShares Semiconductor ETF0.49%
Conductor Global Equity Value ETF0.47%
iShares Core S&P Small-Cap ETF0.19%

Weight gaps

All 24 Holdings in both funds, largest gap first.

Holding weights in IRTR and OCIO, widest gap first
Holding	More in IRTRMore in OCIO	IRTR	OCIO
AppleAAPL	IRTR +0.52 points	1.69%	1.17%
Amazon.com IncAMZN	IRTR +0.45 points	0.79%	0.34%
Alphabet Class AGOOGL	IRTR +0.42 points	0.55%	0.13%
Alphabet Class CGOOG	IRTR +0.33 points	0.45%	0.12%
MicrosoftMSFT	IRTR +0.32 points	1.31%	0.99%
NVIDIANVDA	IRTR +0.29 points	1.62%	1.33%
Broadcom IncAVGO	IRTR +0.28 points	0.51%	0.23%
Tesla IncTSLA	IRTR +0.28 points	0.40%	0.12%
Eli LillyLLY	IRTR +0.13 points	0.38%	0.25%
Meta Platforms Class AMETA	IRTR +0.13 points	0.46%	0.33%
WalmartWMT	IRTR +0.11 points	0.18%	0.07%
Advanced Micro DevicesAMD	IRTR +0.10 points	0.28%	0.18%
Costco Wholesale CorpCOST	IRTR +0.09 points	0.15%	0.06%
Visa Class AV	IRTR +0.09 points	0.24%	0.15%
Berkshire Hathaway Inc Class BBRK.B	IRTR +0.08 points	0.34%	0.26%
Exxonmobil Holdings CorpXOM	IRTR +0.08 points	0.26%	0.18%
Micron TechnologyMU	IRTR +0.08 points	0.34%	0.26%
JPMorgan Chase & CoJPM	IRTR +0.07 points	0.30%	0.24%
Mastercard Class AMA	IRTR +0.06 points	0.17%	0.11%
Johnson & JohnsonJNJ	IRTR +0.06 points	0.22%	0.16%
Caterpillar IncCAT	IRTR +0.06 points	0.10%	0.04%
AbbVieABBV	IRTR +0.06 points	0.18%	0.12%
ChevronCVX	IRTR +0.05 points	0.15%	0.10%
Intel CorporationINTC	IRTR +0.04 points	0.10%	0.06%

All IRTR holdings⁠All 74 OCIO 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 OCIO Cost

Overpaying OCIO vs IRTR

$11,028

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

IRTR 0.08%
$1,689
OCIO 0.65%
$12,717

Amount$10,000

Years30 years

Cost over time

IRTR 0.08%
OCIO 0.65%
Overpaying

Year by year

Year	IRTR	OCIO	Overpaying
10	$147	$1,163	$1,016
20	$575	$4,440	$3,865
30	$1,689	$12,717	$11,028

Expense ratio

0.08%IRTR, cheaper
0.65%OCIO

IRTR0.08%OCIO0.65%

0.06%1.36%

Middle half of Multi-Asset Allocation funds
Median 0.57%

IRTR 2nd cheapest of 37 funds

OCIO 20th cheapest of 37 funds

IRTR vs OCIO Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IRTR 3.17%; OCIO 9.49%, better
Payout (12M): IRTR $1.00; OCIO $3.51
Last payment: IRTR $0.08; OCIO $0.11
Ex-dividend: IRTR Oct 2, 2026; OCIO Sep 29, 2026
Paid on: IRTR Oct 7, 2026; OCIO Sep 30, 2026
Frequency: IRTR Monthly; OCIO Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

IRTRMonthly · 35 paymentsAll IRTR payments⁠

OCIOQuarterly · 15 paymentsAll OCIO payments⁠

IRTR vs OCIO 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%, betterOCIO 8.5%
Return per unit of riskSharpe ratio, 3 years: IRTR 1.14, betterOCIO 1.09
Worst fallMax drawdown, 5 years: IRTR −6.3%since Oct 2023OCIO −17.2%
Market sensitivityBeta, 5 years: IRTR 0.47OCIO 0.84; Market = 1

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