IRTR vs TBFG: Grades, Fees and Holdings Compared

iShares LifePath Retirement ETF

IRTRANYSE Arca

Brinsmere Fund Growth ETF

TBFGBNYSE Arca

Overlap

0.0%by weight

Expense ratio

IRTR −0.38pt a year

IRTR0.08%TBFG0.46%

Avg volume · 30D

IRTR 7.3×the volume

IRTR12.7KTBFG1.74K

IRTR vs TBFG Performance

Oct 31, 2025 – Nov 2, 2026

+5.1%IRTR+9.1%TBFG

Expense ratio: IRTR 0.08%, better; TBFG 0.46%
Fund size: IRTR $60M; TBFG $378M
1Y total return: IRTR +5.1%; TBFG +9.1%, better
Yield (12M): IRTR 3.17%, better; TBFG 2.49%
Holdings: IRTR 29140; TBFG 24
Avg volume (30D): IRTR 12.7K sh, better; TBFG 1.74K sh
NAV per share: IRTR $31.52; TBFG $32.04
52W range

ETF.net Grade

Pillar letters and Scores for IRTR, TBFG, with each pillar’s weight
Pillar	IRTR	TBFG
Cost30% weight	A97Higher	B61
Mission25% weight	A100Higher	A81
Risk15% weight	A82Higher	C46
Tradability15% weight	B62Higher	C41
Holdings10% weight	A80Higher	B68
Durability5% weight	B56	B67Higher

Rank among Multi-Asset Allocation funds

How we build Categories ›

Same Category. IRTR and TBFG 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 TBFG 10th 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 10BDIALColumbia Diversified Fixed Income Allocation ETFScore 61
Rank 10BTBFGBrinsmere Fund Growth ETFScore 61
Rank 12BOCIOClearShares OCIO ETFScore 60

Our read on each fund

ETF.net Research

IRTRAiShares LifePath Retirement ETF

TBFGBBrinsmere Fund Growth 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.

TBFG Three in-house models, run independently, decide what this global fund of funds holds. Launched in 2024, it is an allocation ETF where the mix shifts on the adviser's risk signals instead of sitting at a fixed 80/20 split.

Stated mandate

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

TBFG The Fund seeks long-term growth of capital. It systematically allocates among three adviser-developed strategies that rebalance underlying funds using proprietary risk-management techniques.

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%.

TBFG 0.46%, with no fee waiver propping it up, which lands below the median for its 37-fund allocation category.
Three proprietary strategies (SMB, CAAR and SIS) run independently and systematically rebalance the underlying funds on the adviser's risk-management rules.sec.gov
One ticket covers global equity and bond markets, US and international, and the fund pays distributions quarterly.sec.gov
A multi-hundred-million-dollar fund sitting in the upper half of a 37-fund allocation group, a decent showing for a 2024 launch.

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

TBFG The models cost something. Index-built rivals run cheaper: AOA at 0.15% net of a waiver through November 30, 2026, and UCBG at 0.06%.
Thinly traded next to the category's household names, so the spread at the moment you trade can matter as much as the yearly fee.
No index to check it against. The asset mix comes from the adviser's own signals and can look nothing like a static stock-bond portfolio.sec.gov

Full IRTR profile⁠

Full TBFG profile⁠

IRTR vs TBFG Holdings

How IRTR and TBFG differ

Overlap by weight

0.0%

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

Level by level

Holdings0 in both0.0%
Countryby domicile83.5%
Sector11 Sectors96.3%

Sector

Sector weights in IRTR and TBFG, widest gap first
Sector	More in IRTRMore in TBFG	IRTR	TBFG
Utilities	IRTR +1.8 points	3.9%	2.1%
Energy	TBFG +1.4 points	4.6%	6.0%
Industrials	IRTR +1.2 points	11.9%	10.7%
Materials	TBFG +0.9 points	3.5%	4.4%
Real Estate	IRTR +0.7 points	3.2%	2.5%
Health Care	TBFG +0.5 points	8.2%	8.7%
Consumer Discretionary	TBFG +0.4 points	7.9%	8.3%
Consumer Staples	TBFG +0.3 points	4.2%	4.5%
Technology	TBFG +0.3 points	30.5%	30.8%
Financials	IRTR +0.1 points	14.7%	14.6%
Communication	Same weight	7.3%	7.4%

Country, concentration and asset class

Country by domicile

Country weights in IRTR and TBFG, widest gap first
Country	More in IRTRMore in TBFG	IRTR	TBFG
United States	IRTR +16.4 points	92.7%	76.3%
Japan	TBFG +1.7 points	2.6%	4.3%
South Korea	TBFG +1.5 points	0.0%	1.5%
Switzerland	TBFG +1.4 points	0.0%	1.4%
Australia	TBFG +1.0 points	0.0%	1.0%
Germany	TBFG +0.9 points	0.0%	0.9%
France	TBFG +0.9 points	0.0%	0.9%
India	TBFG +0.8 points	0.0%	0.8%
Other countries (32)	TBFG +8.1 points	4.7%	12.8%

Outside the US: TBFG 72% developed, 28% emerging.

Concentration

Weight in the 10 largest Holdings

IRTR10.0%
TBFG66.2%

Securities held

IRTR29,043
TBFG23

Asset class

IRTR: Multi-Asset
TBFG: Multi-Asset

Holdings

Only in IRTR29,043
In both0
Only in TBFG23

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 TBFG

23 securities, 100% of TBFG by weight

State Street SPDR Portfolio S&P 500 ETF12.59%
State Street SPDR S&P 500 ETF Trust8.47%
iShares 0-1 Year Treasury Bond ETF8.03%
Invesco RAFI US 1000 ETF7.28%
Invesco S&P 500 Momentum ETF7.05%
Vanguard Morningstar Mega Cap Growth ETF5.60%
Vanguard Intermediate-Term Treasury ETF5.51%
State Street SPDR Portfolio S&P 600 Small Cap ETF4.03%
State Street SPDR Portfolio S&P 400 Mid Cap ETF3.94%
Vanguard Intermediate-Term Corporate Bond ETF3.69%
iShares MSCI EAFE Min Vol Factor ETF3.51%
Schwab Fundamental International Equity ETF3.34%
Dimensional International Value ETF3.33%
Dimensional International Core Equity 2 ETF3.32%
Avantis International Small Cap Value ETF3.24%
Dimensional Emerging Markets Value ETF3.23%
Vanguard Morningstar Value ETF3.21%
Columbia EM Core ex-China ETF2.77%
iMGP DBi Managed Futures Strategy ETF2.57%
Vanguard Morningstar Growth ETF2.09%
Vanguard Short-Term Inflation-Protected Securities ETF1.52%
Vanguard Long-Term Treasury ETF1.34%
First American Treasury Obligations Fund 01/01/20400.29%

Weight gaps

IRTR and TBFG share no securities.

All IRTR holdings⁠All TBFG 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 TBFG Cost

Overpaying TBFG vs IRTR

$7,541

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

IRTR 0.08%
$1,689
TBFG 0.46%
$9,230

Amount$10,000

Years30 years

Cost over time

IRTR 0.08%
TBFG 0.46%
Overpaying

Year by year

Year	IRTR	TBFG	Overpaying
10	$147	$830	$683
20	$575	$3,195	$2,620
30	$1,689	$9,230	$7,541

Expense ratio

0.08%IRTR, cheaper
0.46%TBFG

IRTR0.08%TBFG0.46%

0.06%1.36%

Middle half of Multi-Asset Allocation funds
Median 0.57%

IRTR 2nd cheapest of 37 funds

TBFG 15th cheapest of 37 funds

IRTR vs TBFG Dividends

Last 12 months to Nov 2, 2026

Yield (12M): IRTR 3.17%, better; TBFG 2.49%
Payout (12M): IRTR $1.00; TBFG $0.79
Last payment: IRTR $0.08; TBFG $0.14
Ex-dividend: IRTR Oct 2, 2026; TBFG Sep 24, 2026
Paid on: IRTR Oct 7, 2026; TBFG Sep 25, 2026
Frequency: IRTR Monthly; TBFG Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

IRTRMonthly · 35 paymentsAll IRTR payments⁠

TBFGQuarterly · 11 paymentsAll TBFG payments⁠

IRTR vs TBFG 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%TBFG 9.0%since Feb 2024
Return per unit of riskSharpe ratio, 3 years: IRTR 1.14TBFG 0.79since Feb 2024
Worst fallMax drawdown, 5 years: IRTR −6.3%since Oct 2023TBFG −13.4%since Jan 2024
Market sensitivityBeta, 5 years: IRTR 0.47TBFG 0.71; 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
TBFGBvsUCBGA
Brinsmere Fund Growth ETF · State Street SPDR UC Investments 90/10 Endowment Strategy Index ETF
Expense ratio
0.46% · 0.06%
Category
IRTRAvsAOAA
iShares LifePath Retirement ETF · iShares Core 80/20 Aggressive Allocation ETF
Expense ratio
0.08% · 0.15%
Category
TBFGBvsAOAA
Brinsmere Fund Growth ETF · iShares Core 80/20 Aggressive Allocation ETF
Expense ratio
0.46% · 0.15%
Category
IRTRAvsINCEA
iShares LifePath Retirement ETF · Franklin Income Equity Focus ETF
Expense ratio
0.08% · 0.29%
Category
TBFGBvsINCEA
Brinsmere Fund Growth ETF · Franklin Income Equity Focus ETF
Expense ratio
0.46% · 0.29%
Category