IRTR vs RAAX: Grades, Fees and Holdings Compared

iShares LifePath Retirement ETF

IRTRANYSE Arca

VanEck Real Assets ETF

RAAXBNYSE Arca

Overlap

4.9%by weight

Expense ratio

IRTR −0.47pt a year

IRTR0.08%RAAX0.55%

Avg volume · 30D

RAAX 22.9×the volume

IRTR12.6KRAAX289K

3Y return · a year

RAAX +6.6pt

IRTR+12.4%RAAX+19.0%

IRTR vs RAAX Performance

Nov 7, 2025 – Nov 9, 2026

+5.9%IRTR+15.4%RAAX

Expense ratio: IRTR 0.08%, better; RAAX 0.55%
Fund size: IRTR $59M; RAAX $1.38B
1Y total return: IRTR +5.9%; RAAX +15.4%, better
Yield (12M): IRTR 3.18%, better; RAAX 2.10%
Holdings: IRTR 29130; RAAX 199
Avg volume (30D): IRTR 12.6K sh; RAAX 289K sh, better
NAV per share: IRTR $31.23; RAAX $38.20
52W range

ETF.net Grade

Pillar letters and Scores for IRTR, RAAX, with each pillar’s weight
Pillar	IRTR	RAAX
Cost30% weight	A97Higher	C53
Mission25% weight	A100Higher	B68
Risk15% weight	A82Higher	C41
Tradability15% weight	B64	B67Higher
Holdings10% weight	A80Higher	B57
Durability5% weight	B56	A88Higher

Rank among Multi-Asset Allocation funds

How we build Categories ›

Same Category. IRTR and RAAX 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 RAAX 12th 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 12BOCIOClearShares OCIO ETFScore 59
Rank 12BRAAXVanEck Real Assets ETFScore 59
Rank 14BELMElm Market Navigator ETFScore 58

Our read on each fund

ETF.net Research

IRTRAiShares LifePath Retirement ETF

RAAXBVanEck Real Assets 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.

RAAX One ticker for the stuff you can touch: commodities, resource stocks, REITs, pipelines, MLPs and gold, bundled through other ETFs and actively re-mixed with an eye on sustained drawdowns. VanEck has run it since 2018.

Stated mandate

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

RAAX The Fund seeks long-term total return, aiming to maximize real returns while reducing downside risk during sustained declines. It primarily uses exchange-traded products for exposure to commodities, natural-resource equities, REITs, infrastructure, MLPs, and gold, including gold-mining equities.

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%.

RAAX One ticker covers commodities, natural-resource equities, REITs, infrastructure, MLPs and gold (miners included), instead of stitching five funds together yourself.vaneck.com
0.55% a year, below the typical expense ratio in its multi-asset allocation group.
The mandate is active, not a fixed basket: aim at real returns while trimming exposure during sustained declines.vaneck.com
Billions in assets and steady day-to-day trading keep the friction of moving in and out of a tactical sleeve manageable.

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

RAAX Gold miners, MLPs and commodity futures lurch in ways a plain stock-and-bond blend does not; that volatility is the price of the diversification.
0.55% is modest for a tactical multi-asset fund, but vanilla allocation ETFs like AOA (0.19%) and NTSX (0.20%) cost far less.
It owns other ETFs and reshuffles them, so the mix under the hood can look quite different from one stretch to the next.

Full IRTR profile⁠

Full RAAX profile⁠

IRTR vs RAAX Holdings

How IRTR and RAAX differ

Overlap by weight

4.9%

Shared holdings make up 53.3% of RAAX and 6.5% of IRTR.

Level by level

Holdings177 in both4.9%
Sector11 Sectors30.0%
Countryby domicile91.5%

Sector

Sector weights in IRTR and RAAX, widest gap first
Sector	Gap	IRTR	RAAX
Energy	RAAX +34.0 points	5.1%	39.1%
Technology	IRTR +29.1 points	29.3%	0.2%
Industrials	RAAX +15.3 points	11.9%	27.2%
Financials	IRTR +13.9 points	14.9%	1.0%
Materials	RAAX +13.0 points	3.4%	16.4%
Health Care	IRTR +8.0 points	8.8%	0.8%
Consumer Discretionary	IRTR +7.9 points	8.1%	0.2%
Communication	IRTR +6.4 points	6.4%	0.0%
Utilities	RAAX +5.6 points	4.2%	9.8%
Consumer Staples	IRTR +4.5 points	4.5%	0.0%
Real Estate	RAAX +2.1 points	3.3%	5.4%

Country, concentration and asset class

Country by domicile

Country weights in IRTR and RAAX, widest gap first
Country	Gap	IRTR	RAAX
Canada	RAAX +3.9 points	1.5%	5.4%
Ireland	RAAX +2.2 points	0.4%	2.6%
United States	RAAX +2.0 points	83.6%	85.6%
Japan	IRTR +1.9 points	2.2%	0.3%
Taiwan	IRTR +1.0 points	1.0%	0.0%
South Korea	IRTR +0.7 points	0.7%	0.0%
China	IRTR +0.6 points	0.8%	0.2%
India	IRTR +0.5 points	0.5%	0.0%
Other countries (33)	IRTR +3.6 points	9.4%	5.8%

Concentration

Weight in the 10 largest Holdings

IRTR9.8%
RAAX51.5%

Securities held

IRTR29,034
RAAX196

Asset class

IRTR: Multi-Asset
RAAX: Commodities

Holdings

Only in IRTR28,857
In both177
Only in RAAX19

Only in IRTR

28,857 securities, 93.1% of IRTR by weight

Apple1.69%
Microsoft1.35%
Treasury Note 1.38% 11/15/2031 (Tnote)1.29%
Amazon.com Inc0.86%
Treasury Note 2.63% 02/15/2029 (Tnote)0.77%
Alphabet Class A0.57%
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 Inc0.47%
Treasury (Cpi) Note 0.13% 01/15/2031 (Tips)0.46%
Alphabet Class C0.46%
Treasury (Cpi) Note 0.13% 07/15/2031 (Tips)0.46%
Meta Platforms Class A0.46%
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)0.43%
Treasury Note 2.88% 05/15/2028 (Tnote)0.43%
Treasury Bond 3.75% 11/15/2043 (Tbond)0.41%
Treasury Bond 2.75% 11/15/2042 (Tbond)0.40%
Treasury (Cpi) Note 0.13% 01/15/2030 (Tips)0.40%
Treasury (Cpi) Note 0.38% 01/15/2027 (Tips)0.38%
Eli Lilly0.37%
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%
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%
Micron Technology0.27%
Treasury Note 4.00% 05/31/2030 (Tnote)0.26%
Treasury Note 4.00% 02/29/2028 (Tnote)0.26%
Treasury Note 4.00% 02/15/2034 (Tnote)0.26%
Treasury Note 3.88% 03/31/2028 (Tnote)0.25%
Treasury Note 1.25% 09/30/2028 (Tnote)0.25%
Advanced Micro Devices0.25%

Only in RAAX

19 securities, 46.3% of RAAX by weight

VanEck Commodity Strategy ETF21.95%
VanEck Merk Gold Shares19.87%
Enterprise Products Partners Lp0.53%
Mplx Lp0.49%
Energy Transfer Lp0.48%
Agnico Eagle Mines Ltd0.43%
Western Midstream Partners Lp0.30%
Amrize Ltd0.28%
Franco-Nevada Corp0.25%
Gold Fields Ltd0.25%
Bhp Group Ltd0.23%
Kinross Gold Corp0.21%
Nac Kazatomprom Jsc0.21%
Shell Plc0.19%
Venture Global Inc0.17%
Plains All American Pipeline Lp0.16%
Rio Tinto Plc0.16%
Sunoco Lp0.14%
Plains Gp Holdings Lp0.03%

Weight gaps

The 100 widest of 177 Holdings in both funds.

Holding weights in IRTR and RAAX, widest gap first
Holding	Gap	IRTR	RAAX
Exxonmobil Holdings CorpXOM	RAAX +1.81 points	0.23%	2.04%
ChevronCVX	RAAX +1.63 points	0.13%	1.76%
NVIDIANVDA	IRTR +1.33 points	1.49%	0.16%
WilliamsWMB	RAAX +1.10 points	0.08%	1.18%
OneokOKE	RAAX +0.81 points	0.05%	0.86%
Kinder MorganKMI	RAAX +0.77 points	0.06%	0.83%
WelltowerWELL	RAAX +0.77 points	0.11%	0.88%
Quanta Services IncPWR	RAAX +0.76 points	0.03%	0.79%
NewmontNEM	RAAX +0.73 points	0.04%	0.77%
Tc Energy	RAAX +0.73 points	0.06%	0.79%
DeereDE	RAAX +0.72 points	0.06%	0.78%
Crh Public Limited PLCCRH	RAAX +0.68 points	0.02%	0.70%
Eaton PLCETN	RAAX +0.67 points	0.05%	0.72%
Targa ResourcesTRGP	RAAX +0.63 points	0.05%	0.68%
Nextera EnergyNEE	RAAX +0.62 points	0.16%	0.78%
Enbridge	RAAX +0.58 points	0.10%	0.68%
Union PacificUNP	RAAX +0.55 points	0.06%	0.61%
Vulcan MaterialsVMC	RAAX +0.55 points	0.01%	0.56%
NucorNUE	RAAX +0.55 points	0.02%	0.57%
Altagas	RAAX +0.54 points	<0.01%	0.54%
Pembina Pipeline	RAAX +0.51 points	0.03%	0.54%
Cheniere EnergyLNG	RAAX +0.51 points	0.06%	0.57%
Emerson ElectricEMR	RAAX +0.51 points	0.03%	0.54%
Norfolk Southern CorpNSC	RAAX +0.51 points	0.02%	0.53%
CsxCSX	RAAX +0.51 points	0.03%	0.54%
Steel Dynamics IncSTLD	RAAX +0.51 points	0.01%	0.52%
Martin Marietta MaterialsMLM	RAAX +0.49 points	0.01%	0.50%
United RentalsURI	RAAX +0.48 points	0.02%	0.50%
Linde PLCLIN	RAAX +0.47 points	0.08%	0.55%
ConocophillipsCOP	RAAX +0.47 points	0.06%	0.53%
FastenalFAST	RAAX +0.44 points	0.02%	0.46%
Public Storage ReitPSA	RAAX +0.44 points	0.04%	0.48%
Constellation Energy CorpCEG	RAAX +0.43 points	0.07%	0.50%
Marathon PetroleumMPC	RAAX +0.42 points	0.04%	0.46%
Duke Energy CorpDUK	RAAX +0.41 points	0.09%	0.50%
Johnson Controls International PLCJCI	RAAX +0.41 points	0.03%	0.44%
Trane Technologies PLCTT	RAAX +0.40 points	0.03%	0.43%
Abb Ltd	RAAX +0.39 points	0.04%	0.43%
Rockwell Automation IncROK	RAAX +0.38 points	0.01%	0.39%
Vivmark ResidentialVMRK	RAAX +0.37 points	0.04%	0.41%
Howmet AerospaceHWM	RAAX +0.37 points	0.03%	0.40%
Ventas ReitVTR	RAAX +0.36 points	0.04%	0.40%
SempraSRE	RAAX +0.37 points	0.04%	0.41%
Schneider Electric	RAAX +0.36 points	0.04%	0.40%
SlbSLB	RAAX +0.35 points	0.03%	0.38%
Barrick Mining	RAAX +0.35 points	0.02%	0.37%
Hubbell IncHUBB	RAAX +0.34 points	<0.01%	0.35%
Phillips 66PSX	RAAX +0.34 points	0.03%	0.37%
Parker-HannifinPH	RAAX +0.32 points	0.04%	0.36%
Freeport Mcmoran IncFCX	RAAX +0.31 points	0.03%	0.34%
SouthernSO	RAAX +0.30 points	0.09%	0.39%
Dominion EnergyD	RAAX +0.30 points	0.05%	0.35%
Emcor GroupEME	RAAX +0.30 points	<0.01%	0.31%
Antero MidstreamAM	RAAX +0.29 points	<0.01%	0.30%
Extra Space Storage ReitEXR	RAAX +0.29 points	0.03%	0.32%
Wheaton Precious Metals	RAAX +0.29 points	0.02%	0.31%
Dt MidstreamDTM	RAAX +0.28 points	0.01%	0.29%
Baker Hughes Class ABKR	RAAX +0.28 points	0.02%	0.30%
Keyera	RAAX +0.28 points	<0.01%	0.29%
Public Service Enterprise GroupPEG	RAAX +0.28 points	0.03%	0.31%
Devon EnergyDVN	RAAX +0.27 points	0.02%	0.29%
Anglogold Ashanti PLCAU	RAAX +0.27 points	0.02%	0.29%
Essex Property Trust ReitESS	RAAX +0.27 points	0.01%	0.28%
Bayer AG	RAAX +0.27 points	0.02%	0.29%
Xcel Energy IncXEL	RAAX +0.27 points	0.04%	0.31%
Fortum	RAAX +0.26 points	<0.01%	0.26%
AtiATI	RAAX +0.26 points	<0.01%	0.27%
Cameco	RAAX +0.25 points	<0.01%	0.26%
Sun Communities Reit IncSUI	RAAX +0.25 points	0.01%	0.26%
Consolidated EdisonED	RAAX +0.24 points	0.04%	0.28%
Wec Energy GroupWEC	RAAX +0.24 points	0.01%	0.25%
Occidental Petroleum CorpOXY	RAAX +0.24 points	0.01%	0.25%
Ppg IndustriesPPG	RAAX +0.24 points	<0.01%	0.25%
Omega Healthcare Investors ReitOHI	RAAX +0.24 points	0.01%	0.25%
Prysmian	RAAX +0.23 points	<0.01%	0.24%
Valero Energy CorpVLO	RAAX +0.24 points	0.03%	0.27%
Cgn Power Ltd H	RAAX +0.23 points	<0.01%	0.23%
E.on N	RAAX +0.23 points	0.04%	0.27%
FortiveFTV	RAAX +0.23 points	<0.01%	0.24%
VistraVST	RAAX +0.22 points	0.04%	0.26%
Eog ResourcesEOG	RAAX +0.22 points	0.03%	0.25%
EqtEQT	RAAX +0.22 points	0.01%	0.23%
AmerenAEE	RAAX +0.22 points	0.01%	0.23%
Smurfit Westrock PLCSW	RAAX +0.22 points	<0.01%	0.23%
Carpenter TechnologyCRS	RAAX +0.22 points	<0.01%	0.22%
Equity Lifestyle Properties Reit IELS	RAAX +0.21 points	<0.01%	0.22%
Packaging Corp of AmericaPKG	RAAX +0.21 points	<0.01%	0.22%
American Water WorksAWK	RAAX +0.21 points	0.01%	0.22%
Carlisle CompaniesCSL	RAAX +0.20 points	<0.01%	0.21%
Kodiak Gas Services IncKGS	RAAX +0.21 points	<0.01%	0.21%
American Healthcare ReitAHR	RAAX +0.21 points	<0.01%	0.22%
Udr ReitUDR	RAAX +0.21 points	<0.01%	0.22%
IdexIEX	RAAX +0.20 points	<0.01%	0.21%
Iberdrola	RAAX +0.20 points	0.13%	0.33%
Dte EnergyDTE	RAAX +0.20 points	<0.01%	0.21%
National Grid PLCNG.L	RAAX +0.20 points	0.07%	0.27%
Mastec IncMTZ	RAAX +0.20 points	<0.01%	0.20%
Amcor PLCAMCR	RAAX +0.19 points	<0.01%	0.20%
Northern Star Resources Ltd	RAAX +0.19 points	<0.01%	0.20%
Ppl CorpPPL	RAAX +0.20 points	<0.01%	0.21%

All IRTR holdings⁠All RAAX 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 RAAX Cost

Overpaying RAAX vs IRTR

$9,215

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

IRTR 0.08%
$1,689
RAAX 0.55%
$10,904

Amount$10,000

Years30 years

Cost over time

IRTR 0.08%
RAAX 0.55%
Overpaying

Year by year

Year	IRTR	RAAX	Overpaying
10	$147	$988	$841
20	$575	$3,790	$3,215
30	$1,689	$10,904	$9,215

Expense ratio

0.08%IRTR, cheaper
0.55%RAAX

IRTR0.08%RAAX0.55%

0.06%1.36%

Middle half of Multi-Asset Allocation funds
Median 0.61%

IRTR 2nd cheapest of 36 funds

RAAX 16th cheapest of 36 funds

IRTR vs RAAX Dividends

Last 12 months to Nov 9, 2026

Yield (12M): IRTR 3.18%, better; RAAX 2.10%
Payout (12M): IRTR $1.00; RAAX $0.82
Last payment: IRTR $0.07; RAAX $0.82
Ex-dividend: IRTR Nov 3, 2026; RAAX Dec 29, 2025
Paid on: IRTR Nov 6, 2026; RAAX Dec 31, 2025
Frequency: IRTR Monthly; RAAX Annual

Distribution history

Per share, 2023 to 2026, same scale for both

IRTRMonthly · 36 paymentsAll IRTR payments⁠

RAAXAnnual · 3 paymentsAll RAAX payments⁠

IRTR vs RAAX 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%, betterRAAX 11.2%
Return per unit of riskSharpe ratio, 3 years: IRTR 1.14RAAX 1.25, better
Worst fallMax drawdown, 5 years: IRTR −6.3%since Oct 2023RAAX −23.5%
Market sensitivityBeta, 5 years: IRTR 0.46RAAX 0.65; Market = 1

IRTR and RAAX in the news

All news⁠

Category Review
The fund built to limit losses had the category's worst return
Sep 25, 2026RAAX

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IRTR vs RAAX

In short

Stated mandate

Why people hold it

Worth knowing

How IRTR and RAAX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IRTR

Only in RAAX

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The fund built to limit losses had the category's worst return

How IRTR and RAAX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IRTR

Only in RAAX

Weight gaps