IRTR vs QVOY: Grades, Fees and Holdings Compared

iShares LifePath Retirement ETF

IRTRANYSE Arca

Q3 All-Season Active Rotation ETF

QVOYDCboe

Overlap

0.0%by weight

Expense ratio

IRTR −1.24pt a year

IRTR0.08%QVOY1.32%

Avg volume · 30D

IRTR 1.2×the volume

IRTR12.7KQVOY10.5K

3Y return · a year

IRTR +1.7pt

IRTR+13.1%QVOY+11.4%

IRTR vs QVOY Performance

Oct 31, 2025 – Oct 30, 2026

+5.1%IRTR+4.9%QVOY

Expense ratio: IRTR 0.08%, better; QVOY 1.32%
Fund size: IRTR $60M; QVOY $56M
1Y total return: IRTR +5.1%, better; QVOY +4.9%
Yield (12M): IRTR 3.17%; QVOY 8.91%, better
Holdings: IRTR 29140; QVOY 13
Avg volume (30D): IRTR 12.7K sh, better; QVOY 10.5K sh
NAV per share: IRTR $31.52; QVOY $28.09
52W range

ETF.net Grade

Pillar letters and Scores for IRTR, QVOY, with each pillar’s weight
Pillar	IRTR	QVOY
Cost30% weight	A97Higher	F3
Mission25% weight	A100Higher	B60
Risk15% weight	A82Higher	F13
Tradability15% weight	B62Higher	B55
Holdings10% weight	A80Higher	D38
Durability5% weight	B56Higher	C51

Rank among Multi-Asset Allocation funds

How we build Categories ›

Same Category. IRTR and QVOY 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 QVOY 33rd 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 32DFDATTactical Advantage ETFScore 34
Rank 33DQVOYQ3 All-Season Active Rotation ETFScore 32
Rank 34DAGOXAdaptive Alpha Opportunities ETFScore 31

Our read on each fund

ETF.net Research

IRTRAiShares LifePath Retirement ETF

QVOYDQ3 All-Season Active Rotation 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.

QVOY A small Michigan quant shop runs QVOY as a tactical allocation sleeve: it rotates among four baskets of funds (core equity, active equity, bonds, alternatives) instead of parking in a fixed stock-and-bond mix.

Stated mandate

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

QVOY The Fund seeks long-term growth of capital through active, systematic and quantitative allocation among core equity, active equity, bonds and alternatives.

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%.

QVOY Allocation is rules-driven, not a gut call: systematic models move money among the four sleeves, so the mix can drift far from a static 60/40.sec.gov
The alternatives sleeve can reach into commodities, precious metals, currencies, REITs and MLPs, corners that most set-and-forget allocation funds skip.sec.gov
One ticker holds the whole kit, equities, bonds and alternatives, with the rebalancing done inside the fund by its manager.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

QVOY Cost is the trade-off: 1.32% net of a waiver through March 31, 2027, gross 1.38%, above the category median. AOA is 0.15% net of a waiver through November 30, 2026; UCBG 0.06%.sec.gov
Thinly traded next to the category's giants, so spreads can be wider and sizeable orders need more care at the screen.
Live since December 2022, so the record is short, and an actively rotating mix can look nothing like a standard balanced benchmark in any given stretch.sec.gov

Full IRTR profile⁠

Full QVOY profile⁠

IRTR vs QVOY Holdings

How IRTR and QVOY differ

Overlap by weight

0.0%

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

Level by level

Holdings0 in both0.0%
Sector11 Sectors58.6%
Countryby domicile93.9%

Sector

Sector weights in IRTR and QVOY, widest gap first
Sector	More in IRTRMore in QVOY	IRTR	QVOY
Energy	QVOY +16.5 points	4.6%	21.1%
Technology	IRTR +14.4 points	30.5%	16.1%
Materials	QVOY +13.1 points	3.5%	16.6%
Health Care	QVOY +11.9 points	8.2%	20.1%
Financials	IRTR +8.1 points	14.7%	6.6%
Industrials	IRTR +6.6 points	11.9%	5.3%
Consumer Discretionary	IRTR +3.4 points	7.9%	4.5%
Communication	IRTR +3.3 points	7.3%	4.1%
Real Estate	IRTR +2.2 points	3.2%	1.0%
Utilities	IRTR +2.0 points	3.9%	1.9%
Consumer Staples	IRTR +1.5 points	4.2%	2.7%

Country, concentration and asset class

Country by domicile

Country weights in IRTR and QVOY, widest gap first
Country	More in IRTRMore in QVOY	IRTR	QVOY
United States	QVOY +3.9 points	92.7%	96.6%
Japan	IRTR +2.2 points	2.6%	0.4%
Canada	IRTR +1.4 points	1.6%	0.2%
Taiwan	IRTR +1.3 points	1.4%	0.1%
United Kingdom	IRTR +1.2 points	1.7%	0.5%
Ireland	QVOY +0.9 points	0.0%	0.9%
Other countries (14)	QVOY +1.3 points	0.0%	1.3%

Concentration

Weight in the 10 largest Holdings

IRTR10.0%
QVOY97.1%

Securities held

IRTR29,043
QVOY13

Asset class

IRTR: Multi-Asset
QVOY: Multi-Asset

Holdings

Only in IRTR29,043
In both0
Only in QVOY13

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 QVOY

13 securities, 100% of QVOY by weight

State Street Energy Select Sector SPDR ETF USD Class15.03%
Pacer US Cash Cows 100 ETF14.43%
State Street Health Care Select Sector SPDR ETF USD Class14.10%
Schwab U.S. Large-Cap Growth ETF USD Class13.78%
Invesco QQQ Trust Series 1 USD Class12.61%
State Street Technology Select Sector SPDR ETF USD Class11.18%
abrdn Bloomberg All Commodity Strategy K-1 Free ETF5.31%
KraneShares Global Carbon Strategy ETF5.19%
Amplify Transformational Data Sharing ETF USD Class4.11%
Janus Henderson AAA CLO ETF USD Class1.32%
VanEck IG Floating Rate ETF1.26%
iShares 0-3 Month Treasury Bond ETF USD Class1.25%
Bbh Sweep Vehicle0.55%

Weight gaps

IRTR and QVOY share no securities.

All IRTR holdings⁠All 14 QVOY 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 QVOY Cost

Overpaying QVOY vs IRTR

$21,979

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

IRTR 0.08%
$1,689
QVOY 1.32%
$23,668

Amount$10,000

Years30 years

Cost over time

IRTR 0.08%
QVOY 1.32%
Overpaying

Year by year

Year	IRTR	QVOY	Overpaying
10	$147	$2,296	$2,149
20	$575	$8,507	$7,932
30	$1,689	$23,668	$21,979

Expense ratio

0.08%IRTR, cheaper
1.32%QVOY

IRTR0.08%QVOY1.32%

0.06%1.36%

Middle half of Multi-Asset Allocation funds
Median 0.57%

IRTR 2nd cheapest of 37 funds

QVOY 36th cheapest of 37 funds

IRTR vs QVOY Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IRTR 3.17%; QVOY 8.91%, better
Payout (12M): IRTR $1.00; QVOY $2.50
Last payment: IRTR $0.08; QVOY $2.50
Ex-dividend: IRTR Oct 2, 2026; QVOY Dec 23, 2025
Paid on: IRTR Oct 7, 2026; QVOY Dec 26, 2025
Frequency: IRTR Monthly; QVOY Annual

Distribution history

Per share, 2023 to 2026, same scale for both

IRTRMonthly · 35 paymentsAll IRTR payments⁠

QVOYAnnual · 3 paymentsAll QVOY payments⁠

IRTR vs QVOY 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%, betterQVOY 13.3%
Return per unit of riskSharpe ratio, 3 years: IRTR 1.14, betterQVOY 0.54
Worst fallMax drawdown, 5 years: IRTR −6.3%since Oct 2023QVOY −17.0%since Dec 2022
Market sensitivityBeta, 5 years: IRTR 0.47QVOY 1.19; Market = 1

Popular comparisons

IRTRAvsUCBGA
iShares LifePath Retirement ETF · State Street SPDR UC Investments 90/10 Endowment Strategy Index ETF
Expense ratio
0.08% · 0.06%
Category
QVOYDvsUCBGA
Q3 All-Season Active Rotation ETF · State Street SPDR UC Investments 90/10 Endowment Strategy Index ETF
Expense ratio
1.32% · 0.06%
Category
IRTRAvsAOAA
iShares LifePath Retirement ETF · iShares Core 80/20 Aggressive Allocation ETF
Expense ratio
0.08% · 0.15%
Category
QVOYDvsAOAA
Q3 All-Season Active Rotation ETF · iShares Core 80/20 Aggressive Allocation ETF
Expense ratio
1.32% · 0.15%
Category
IRTRAvsINCEA
iShares LifePath Retirement ETF · Franklin Income Equity Focus ETF
Expense ratio
0.08% · 0.29%
Category
QVOYDvsINCEA
Q3 All-Season Active Rotation ETF · Franklin Income Equity Focus ETF
Expense ratio
1.32% · 0.29%
Category