IRTR vs PCPP: Grades, Fees and Holdings Compared

iShares LifePath Retirement ETF

IRTRANYSE Arca

Porter & Company Permanent Portfolio Index ETF

PCPPCCboe

Overlap

3.7%by weight

Expense ratio

IRTR −0.67pt a year

IRTR0.08%PCPP0.75%

Avg volume · 30D

PCPP 1.6×the volume

IRTR12.6KPCPP20.6K

IRTR vs PCPP Performance

Aug 6, 2026 – Nov 6, 2026

−1.6%IRTR+3.2%PCPP

Expense ratio: IRTR 0.08%, better; PCPP 0.75%
Fund size: IRTR $59M; PCPP $33M
1Y total return: IRTR +5.2%; PCPP No data
Yield (12M): IRTR 3.21%; PCPP No data
Holdings: IRTR 29136; PCPP 32
Avg volume (30D): IRTR 12.6K sh; PCPP 20.6K sh, better
NAV per share: IRTR $31.23; PCPP $27.67
52W range

ETF.net Grade

Pillar letters and Scores for IRTR, PCPP, with each pillar’s weight
Pillar	IRTR	PCPP
Cost30% weight	A97Higher	D38
Mission25% weight	A100Higher	A82
Risk15% weight	A81Higher	B69
Tradability15% weight	B64Higher	D37
Holdings10% weight	A79Higher	C50
Durability5% weight	B56Higher	F12

Rank among Multi-Asset Allocation funds

How we build Categories ›

Same Category. IRTR and PCPP are both graded against the same 36 Multi-Asset Allocation funds, so their Grades compare head to head.

Multi-Asset Allocation⁠

Category · 36 funds

See all 36 ›

IRTR ranks 3rd and PCPP 20th of 36 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 20CLCRLeuthold Core Exchange Traded FundScore 53
Rank 20CPCPPPorter & Company Permanent Portfolio Index ETFScore 53
Rank 23CCSRACohen & Steers Real Assets Active ETFScore 51

Our read on each fund

ETF.net Research

IRTRAiShares LifePath Retirement ETF

PCPPCPorter & Company Permanent Portfolio Index 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.

PCPP No data

Stated mandate

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

PCPP No data

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%.

PCPP No data

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

PCPP No data

Full IRTR profile⁠

Full PCPP profile⁠

IRTR vs PCPP Holdings

How IRTR and PCPP differ

Overlap by weight

3.7%

Shared holdings make up 47.5% of PCPP and 4.4% of IRTR.

Level by level

Holdings22 in both3.7%
Sector11 Sectors54.8%
Countryby domicile79.9%

Sector

Sector weights in IRTR and PCPP, widest gap first
Sector	Gap	IRTR	PCPP
Financials	PCPP +30.2 points	14.7%	44.9%
Technology	IRTR +23.5 points	30.5%	7.0%
Materials	PCPP +8.1 points	3.5%	11.6%
Consumer Staples	PCPP +6.7 points	4.2%	10.9%
Communication	IRTR +6.4 points	7.3%	1.0%
Utilities	IRTR +3.9 points	3.9%	0.0%
Consumer Discretionary	IRTR +3.7 points	7.9%	4.2%
Real Estate	IRTR +3.2 points	3.2%	0.0%
Energy	IRTR +3.0 points	4.6%	1.6%
Industrials	IRTR +0.8 points	11.9%	11.1%
Health Care	IRTR +0.6 points	8.2%	7.5%

Country, concentration and asset class

Country by domicile

Country weights in IRTR and PCPP, widest gap first
Country	Gap	IRTR	PCPP
Canada	PCPP +9.2 points	1.5%	10.7%
United States	IRTR +8.4 points	83.6%	75.2%
Switzerland	PCPP +8.2 points	1.0%	9.2%
Netherlands	PCPP +2.2 points	0.5%	2.7%
Japan	IRTR +2.2 points	2.2%	0.0%
United Kingdom	IRTR +1.7 points	1.7%	0.0%
France	IRTR +0.9 points	0.9%	0.0%
Australia	IRTR +0.8 points	0.8%	0.0%
Other countries (33)	IRTR +5.7 points	7.9%	2.2%

Concentration

Weight in the 10 largest Holdings

IRTR9.7%
PCPP69.8%

Securities held

IRTR29,039
PCPP31

Asset class

IRTR: Multi-Asset
PCPP: Stocks

Holdings

Only in IRTR29,017
In both22
Only in PCPP9

Only in IRTR

29,017 securities, 95.2% of IRTR by weight

NVIDIA1.45%
Treasury Note 1.38% 11/15/2031 (Tnote)1.30%
Amazon.com Inc0.86%
Treasury Note 2.63% 02/15/2029 (Tnote)0.77%
Alphabet Class A0.56%
Treasury Note 3.13% 11/15/2028 (Tnote)0.55%
Treasury (Cpi) Note 1.13% 10/15/2030 (Tips)0.54%
Treasury (Cpi) Note 1.25% 04/15/2031 (Tips)0.54%
Treasury (Cpi) Note 1.63% 04/15/2030 (Tips)0.53%
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%
Taiwan Semiconductor Manufacturing0.48%
Treasury (Cpi) Note 1.63% 10/15/2027 (Tips)0.48%
Treasury (Cpi) Note 1.25% 04/15/2028 (Tips)0.48%
Treasury (Cpi) Note 0.13% 04/15/2027 (Tips)0.47%
Broadcom Inc0.46%
Treasury (Cpi) Note 0.13% 01/15/2031 (Tips)0.46%
Treasury (Cpi) Note 0.13% 07/15/2031 (Tips)0.46%
Alphabet Class C0.46%
Meta Platforms Class A0.45%
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)0.43%
Treasury Note 2.88% 05/15/2028 (Tnote)0.43%
Treasury Bond 3.75% 11/15/2043 (Tbond)0.42%
Treasury Bond 2.75% 11/15/2042 (Tbond)0.41%
Treasury (Cpi) Note 0.13% 01/15/2030 (Tips)0.40%
Treasury (Cpi) Note 0.38% 01/15/2027 (Tips)0.38%
Treasury Bond 6.13% 11/15/2027 (Tbond)0.37%
Treasury (Cpi) Note 0.75% 07/15/2028 (Tips)0.37%
Berkshire Hathaway Inc Class B0.36%
Treasury (Cpi) Note 0.25% 07/15/2029 (Tips)0.36%
Treasury Bond 1.88% 02/15/2051 (Tbond)0.35%
Tesla Inc0.34%
Treasury Note 4.00% 05/31/2028 (Tnote)0.32%
Treasury (Cpi) Note 0.88% 01/15/2029 (Tips)0.31%
JPMorgan Chase & Co0.31%
Treasury Note (Old) 4.38% 05/15/2036 (Tnote)0.29%
Treasury Note 2.38% 05/15/2029 (Tnote)0.28%
Treasury Note 4.00% 05/31/2030 (Tnote)0.26%
Treasury Note 4.00% 02/15/2034 (Tnote)0.26%
Treasury Note 4.00% 02/29/2028 (Tnote)0.26%
Treasury Note 3.88% 03/31/2028 (Tnote)0.25%
Micron Technology0.25%
Treasury Note 1.25% 09/30/2028 (Tnote)0.25%
Treasury (Cpi) Note 2.25% 10/15/2031 (Tips)0.25%
Visa Class A0.24%

Only in PCPP

9 securities, 49.7% of PCPP by weight

Porter Perm Port Idx Cym18.51%
iShares 0-1 Year Treasury Bond ETF7.25%
Ishares 1-5Y Inv Grade Corp7.18%
Franco-Nevada Corp6.25%
Ishares 1-3 Year Treasury Bo5.90%
Roche Holdings Ltd-Spons Adr1.74%
Wolters Kluwer Nv-Spons Adr1.57%
Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR0.77%
Tencent Holdings Ltd-Uns Adr0.55%

Weight gaps

All 22 Holdings in both funds, largest gap first.

Holding weights in IRTR and PCPP, widest gap first
Holding	Gap	IRTR	PCPP
Skyward Specialty Insurance GroupSKWD	PCPP +5.68 points	<0.01%	5.68%
Kinsale Capital Group IncKNSL	PCPP +5.59 points	<0.01%	5.59%
Axis Capital HoldingsAXS	PCPP +5.42 points	<0.01%	5.42%
Wr BerkleyWRB	PCPP +4.39 points	<0.01%	4.40%
ChubbCB	PCPP +3.59 points	0.04%	3.63%
Coca-ColaKO	PCPP +2.53 points	0.13%	2.66%
NvrNVR	PCPP +2.31 points	<0.01%	2.32%
Hershey FoodsHSY	PCPP +2.11 points	<0.01%	2.12%
Markel GroupMKL	PCPP +2.10 points	<0.01%	2.11%
Waste Management IncWM	PCPP +1.63 points	0.03%	1.66%
Eli LillyLLY	PCPP +1.60 points	0.37%	1.97%
Union PacificUNP	PCPP +1.45 points	0.06%	1.51%
Philip Morris InternationalPM	PCPP +1.42 points	0.11%	1.53%
EqtEQT	PCPP +0.89 points	0.01%	0.90%
Illinois Tool IncITW	PCPP +0.80 points	0.03%	0.83%
American ExpressAXP	PCPP +0.76 points	0.06%	0.82%
AppleAAPL	IRTR +0.70 points	1.70%	1.00%
Johnson & JohnsonJNJ	PCPP +0.57 points	0.22%	0.79%
Caterpillar IncCAT	PCPP +0.51 points	0.09%	0.60%
MicrosoftMSFT	PCPP +0.19 points	1.36%	1.55%
OracleORCL	PCPP +0.18 points	0.07%	0.25%
Ge AerospaceGE	PCPP +0.12 points	0.11%	0.23%

All IRTR holdings⁠All 32 PCPP 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 PCPP Cost

Overpaying PCPP vs IRTR

$12,793

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

IRTR 0.08%
$1,689
PCPP 0.75%
$14,482

Amount$10,000

Years30 years

Cost over time

IRTR 0.08%
PCPP 0.75%
Overpaying

Year by year

Year	IRTR	PCPP	Overpaying
10	$147	$1,336	$1,189
20	$575	$5,078	$4,503
30	$1,689	$14,482	$12,793

Expense ratio

0.08%IRTR, cheaper
0.75%PCPP

IRTR0.08%PCPP0.75%

0.06%1.36%

Middle half of Multi-Asset Allocation funds
Median 0.61%

IRTR 2nd cheapest of 36 funds

PCPP 22nd cheapest of 36 funds

IRTR vs PCPP Dividends

Last 12 months to Nov 6, 2026

Yield (12M): IRTR 3.21%; PCPP No data
Payout (12M): IRTR $1.00; PCPP None
Last payment: IRTR $0.07; PCPP No data
Ex-dividend: IRTR Nov 3, 2026; PCPP No data
Paid on: IRTR Nov 6, 2026; PCPP No data
Frequency: IRTR Monthly; PCPP No data

Distribution history

Per share, 2023 to 2026, same scale for both

IRTRMonthly · 36 paymentsAll IRTR payments⁠

PCPPAll PCPP payments⁠

No distribution history available.

IRTR vs PCPP 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%PCPP No data
Return per unit of riskSharpe ratio, 3 years: IRTR 1.14PCPP No data
Worst fallMax drawdown, 5 years: IRTR −6.3%since Oct 2023PCPP No data
Market sensitivityBeta, 5 years: IRTR 0.46PCPP 1.86; Market = 1

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