IRTR vs TRTY: Grades, Fees and Holdings Compared

iShares LifePath Retirement ETF

IRTRANYSE Arca

Cambria Trinity ETF

TRTYACboe

Overlap

0.0%by weight

Expense ratio

IRTR −0.31pt a year

IRTR0.08%TRTY0.39%

Avg volume · 30D

TRTY 4.6×the volume

IRTR12.7KTRTY58.3K

3Y return · a year

IRTR +0.2pt

IRTR+12.4%TRTY+12.2%

IRTR vs TRTY Performance

Oct 31, 2025 – Nov 2, 2026

+5.1%IRTR+14.9%TRTY

Expense ratio: IRTR 0.08%, better; TRTY 0.39%
Fund size: IRTR $60M; TRTY $284M
1Y total return: IRTR +5.1%; TRTY +14.9%, better
Yield (12M): IRTR 3.17%, better; TRTY 2.79%
Holdings: IRTR 29140; TRTY 31
Avg volume (30D): IRTR 12.7K sh; TRTY 58.3K sh, better
NAV per share: IRTR $31.52; TRTY $31.44
52W range

ETF.net Grade

Pillar letters and Scores for IRTR, TRTY, with each pillar’s weight
Pillar	IRTR	TRTY
Cost30% weight	A97Higher	B67
Mission25% weight	A100Higher	A85
Risk15% weight	A82Higher	B58
Tradability15% weight	B62	A70Higher
Holdings10% weight	A80Higher	B69
Durability5% weight	B56	B65Higher

Rank among Multi-Asset Allocation funds

How we build Categories ›

Same Category. IRTR and TRTY 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 TRTY 6th 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 5AGAACambria Global Asset Allocation ETFScore 71
Rank 6ATRTYCambria Trinity ETFScore 70
Rank 7BDDVDefined Duration 5 ETFScore 67

Our read on each fund

ETF.net Research

IRTRAiShares LifePath Retirement ETF

TRTYACambria Trinity 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.

TRTY One ticker, a whole portfolio. TRTY stacks roughly 30 ETFs across global stocks, bonds, real estate, commodities and currencies, adds a trend-following sleeve that can short falling assets, and charges 0.39%.

Stated mandate

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

TRTY TRTY seeks income and capital appreciation. It builds diversified global exposure through equity, fixed-income, real-estate, commodity, currency, and other exchange-traded vehicles, using value, momentum, and trend-oriented allocation.

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%.

TRTY Spans global equity, bonds, real estate, commodities and currencies, chosen by value, momentum and trend screens instead of a fixed stock/bond split. Live since 2018.sec.gov
At 0.39%, with no waiver propping it up, it sits below the median fee for allocation ETFs, unusual for a fund-of-funds carrying trend and short positions.cambriafunds.com
Pays quarterly, and the mandate is written around income plus capital appreciation rather than growth alone.
One of the stronger implementations in its allocation peer group: what it holds lines up closely with the global all-asset mandate it advertises.

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

TRTY The 0.39% total includes the fees of the ETFs inside it, the cost of the fund-of-funds wrapper. Plain blends like AOA (0.15% net of a waiver through November 30, 2026) run cheaper.sec.gov
Trend and momentum rules let it sidestep or short assets a 60/40 would hold, so it does not move like a plain stock-and-bond mix.sec.gov
Moderately traded rather than one of the category's busiest names, so quotes can run wider than on the giant core allocation funds.

Full IRTR profile⁠

Full TRTY profile⁠

IRTR vs TRTY Holdings

How IRTR and TRTY differ

Overlap by weight

0.0%

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

Level by level

Holdings0 in both0.0%
Countryby domicile55.5%
Sector11 Sectors73.7%

Sector

Sector weights in IRTR and TRTY, widest gap first
Sector	More in IRTRMore in TRTY	IRTR	TRTY
Technology	IRTR +17.0 points	30.5%	13.5%
Energy	TRTY +12.3 points	4.6%	16.9%
Health Care	IRTR +4.7 points	8.2%	3.5%
Real Estate	TRTY +4.6 points	3.2%	7.8%
Materials	TRTY +3.8 points	3.5%	7.3%
Financials	TRTY +3.7 points	14.7%	18.4%
Communication	IRTR +3.7 points	7.3%	3.7%
Industrials	TRTY +1.6 points	11.9%	13.5%
Utilities	IRTR +0.9 points	3.9%	3.0%
Consumer Staples	TRTY +0.2 points	4.2%	4.4%
Consumer Discretionary	TRTY +0.1 points	7.9%	8.0%

Country, concentration and asset class

Country by domicile

Country weights in IRTR and TRTY, widest gap first
Country	More in IRTRMore in TRTY	IRTR	TRTY
United States	IRTR +44.5 points	92.7%	48.2%
South Africa	TRTY +5.6 points	0.0%	5.6%
China	TRTY +4.1 points	0.0%	4.1%
United Kingdom	TRTY +3.5 points	1.7%	5.2%
Thailand	TRTY +2.5 points	0.0%	2.5%
South Korea	TRTY +2.3 points	0.0%	2.3%
Poland	TRTY +2.2 points	0.0%	2.2%
Taiwan	TRTY +2.1 points	1.4%	3.5%
Other countries (28)	TRTY +22.1 points	4.2%	26.3%

Outside the US: TRTY 48% developed, 52% emerging.

Concentration

Weight in the 10 largest Holdings

IRTR10.0%
TRTY63.5%

Securities held

IRTR29,043
TRTY30

Asset class

IRTR: Multi-Asset
TRTY: Equity

Holdings

Only in IRTR29,043
In both0
Only in TRTY30

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 TRTY

30 securities, 99.9% of TRTY by weight

Cambria Foreign Shareholder Yield ETF8.61%
Cambria Global Value ETF8.14%
Cambria Emerging Shareholder Yield ETF7.67%
Cambria Value and Momentum ETF7.66%
Vanguard Intermediate-Term Treasury ETF6.15%
Cambria Chesapeake Pure Trend ETF6.02%
Cambria Tactical Yield ETF5.68%
State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF4.90%
Cambria Micro and SmallCap Shareholder Yield ETF4.89%
Cambria Global Real Estate ETF3.74%
JPMorgan USD Emerging Markets Sovereign Bond ETF2.68%
VanEck J. P. Morgan EM Local Currency Bond ETF2.65%
Invesco DB Energy Fund2.51%
iShares Global Energy ETF2.35%
Cambria Shareholder Yield ETF2.24%
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF2.17%
iMGP DBi Managed Futures Strategy ETF2.12%
Grizzle Growth ETF2.10%
Northern Trust Morningstar Global Upstream Natural Resources ETF2.02%
Simplify Managed Futures Strategy ETF2.02%
Invesco DB Base Metals Fund1.97%
USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund1.95%
iShares Global Tech ETF1.85%
Schwab US TIPS ETF1.82%
Vanguard Total Bond Market ETF1.81%
State Street SPDR FTSE International Government Inflation-Protected Bond ETF1.77%
Cambria LargeCap Shareholder Yield ETF1.13%
Alpha Architect 1-3 Month Box ETF0.48%
VanEck Bitcoin ETF/US0.40%
First American Treasury Obligations Fund 01/01/20400.40%

Weight gaps

IRTR and TRTY share no securities.

All IRTR holdings⁠All 30 TRTY 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 TRTY Cost

Overpaying TRTY vs IRTR

$6,209

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

IRTR 0.08%
$1,689
TRTY 0.39%
$7,898

Amount$10,000

Years30 years

Cost over time

IRTR 0.08%
TRTY 0.39%
Overpaying

Year by year

Year	IRTR	TRTY	Overpaying
10	$147	$705	$558
20	$575	$2,725	$2,150
30	$1,689	$7,898	$6,209

Expense ratio

0.08%IRTR, cheaper
0.39%TRTY

IRTR0.08%TRTY0.39%

0.06%1.36%

Middle half of Multi-Asset Allocation funds
Median 0.57%

IRTR 2nd cheapest of 37 funds

TRTY 13th cheapest of 37 funds

IRTR vs TRTY Dividends

Last 12 months to Nov 2, 2026

Yield (12M): IRTR 3.17%, better; TRTY 2.79%
Payout (12M): IRTR $1.00; TRTY $0.87
Last payment: IRTR $0.08; TRTY $0.18
Ex-dividend: IRTR Oct 2, 2026; TRTY Sep 22, 2026
Paid on: IRTR Oct 7, 2026; TRTY Sep 23, 2026
Frequency: IRTR Monthly; TRTY Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

IRTRMonthly · 35 paymentsAll IRTR payments⁠

TRTYQuarterly · 15 paymentsAll TRTY payments⁠

IRTR vs TRTY 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%, betterTRTY 7.9%
Return per unit of riskSharpe ratio, 3 years: IRTR 1.14, betterTRTY 1.04
Worst fallMax drawdown, 5 years: IRTR −6.3%since Oct 2023TRTY −13.7%
Market sensitivityBeta, 5 years: IRTR 0.47TRTY 0.72; Market = 1

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