ITDD vs. IRTR

Last updated Jun 3, 2026

ITDD (Ishares Lifepath Target Date 2040 ETF) and IRTR (Ishares Lifepath Retirement ETF) are both Target Retirement Date funds from iShares. Both are actively managed. Over the past year, ITDD returned 23.35% vs 14.66% for IRTR. Their correlation of 0.93 suggests significant overlap in exposure. ITDD charges 0.11%/yr vs 0.08%/yr for IRTR.

Performance

ITDD vs. IRTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ishares Lifepath Target Date 2040 ETF (ITDD) and Ishares Lifepath Retirement ETF (IRTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ITDD achieves a 9.86% return, which is significantly higher than IRTR's 5.58% return.

ITDD

• 1D: 0.33%
• 1M: 3.50%
• YTD: 9.86%
• 6M: 10.68%
• 1Y: 23.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IRTR

• 1D: 0.19%
• 1M: 2.10%
• YTD: 5.58%
• 6M: 6.09%
• 1Y: 14.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ITDD vs. IRTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ITDD Ishares Lifepath Target Date 2040 ETF	9.86%	17.66%	13.08%	12.87%
IRTR Ishares Lifepath Retirement ETF	5.58%	12.70%	7.59%	10.63%

Correlation

The correlation between ITDD and IRTR is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Oct 20, 2023	0.93

The correlation between ITDD and IRTR has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

ITDD vs. IRTR - Sectors Allocation Comparison

Sectors	ITDD	IRTR
Technology	25.5%	26.8%
Financial Services	15.0%	15.0%
Industrials	12.2%	12.6%
Consumer Cyclical	8.8%	9.0%
Communication Services	7.8%	8.0%
Healthcare	7.7%	7.7%
Real Estate	6.3%	3.5%
Energy	4.6%	4.9%
Consumer Defensive	4.5%	4.6%
Basic Materials	4.0%	3.8%
Utilities	3.6%	4.3%

Return for Risk

ITDD vs. IRTR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ITDD

ITDD Risk / Return Rank: 71
ITDD Sharpe Ratio Rank: 73
ITDD Sortino Ratio Rank: 74
ITDD Omega Ratio Rank: 74
ITDD Calmar Ratio Rank: 62
ITDD Martin Ratio Rank: 72

IRTR

IRTR Risk / Return Rank: 73
IRTR Sharpe Ratio Rank: 75
IRTR Sortino Ratio Rank: 79
IRTR Omega Ratio Rank: 79
IRTR Calmar Ratio Rank: 61
IRTR Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ITDD vs. IRTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ishares Lifepath Target Date 2040 ETF (ITDD) and Ishares Lifepath Retirement ETF (IRTR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ITDD	IRTR	Difference
Sharpe ratio Return per unit of total volatility	2.42	2.46	-0.05
Sortino ratio Return per unit of downside risk	3.39	3.58	-0.19
Omega ratio Gain probability vs. loss probability	1.45	1.48	-0.03
Calmar ratio Return relative to maximum drawdown	3.13	3.06	+0.08
Martin ratio Return relative to average drawdown	13.75	13.49	+0.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ITDD vs. IRTR - Sharpe Ratio Comparison

The current ITDD Sharpe Ratio is 2.42, which is comparable to the IRTR Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of ITDD and IRTR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ITDD	IRTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.46	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	1.86	2.04	-0.18

Drawdowns

ITDD vs. IRTR - Drawdown Comparison

The maximum ITDD drawdown since its inception was -12.46%, which is greater than IRTR's maximum drawdown of -6.29%. Use the drawdown chart below to compare losses from any high point for ITDD and IRTR.

Drawdown Indicators

	ITDD	IRTR	Difference
Max Drawdown Largest peak-to-trough decline	-12.46%	-6.29%	-6.17%
Max Drawdown (1Y) Largest decline over 1 year	-7.56%	-4.82%	-2.74%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.25%	-0.79%	-0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	1.09%	+0.63%

Volatility

ITDD vs. IRTR - Volatility Comparison

Ishares Lifepath Target Date 2040 ETF (ITDD) has a higher volatility of 3.16% compared to Ishares Lifepath Retirement ETF (IRTR) at 2.14%. This indicates that ITDD's price experiences larger fluctuations and is considered to be riskier than IRTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ITDD	IRTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.16%	2.14%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	7.87%	4.84%	+3.03%
Volatility (1Y) Calculated over the trailing 1-year period	9.71%	5.98%	+3.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.44%	7.04%	+4.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.44%	7.04%	+4.40%

ITDD vs. IRTR - Expense Ratio Comparison

ITDD has a 0.11% expense ratio, which is higher than IRTR's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ITDD vs. IRTR - Dividend Comparison

ITDD's dividend yield for the trailing twelve months is around 1.66%, less than IRTR's 3.15% yield.

Position	TTM	2025	2024	2023
IRTR Ishares Lifepath Retirement ETF	3.15%	3.03%	3.03%	0.85%
ITDD Ishares Lifepath Target Date 2040 ETF	1.66%	1.82%	1.56%	0.89%

Frequently Asked Questions

Can I hold both ITDD and IRTR in my portfolio?

With a correlation of 0.94, ITDD and IRTR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ITDD or IRTR?

ITDD has higher volatility (3.16%) compared to IRTR (2.14%). In terms of maximum drawdown, ITDD dropped -12.46% vs IRTR's -6.29%.

Which ETF is better, ITDD or IRTR?

On 1-year performance, ITDD leads with 23.35% vs 14.66% for IRTR. On fees, IRTR is cheaper at 0.08% per year. On volatility, IRTR has been the lower-risk option at 2.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ITDD or IRTR?

Over the 1-year period, ITDD has performed better with a 23.35% return vs 14.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ITDD or IRTR?

IRTR is cheaper with a 0.08% expense ratio, compared with 0.11% for ITDD.

Which ETF pays a higher dividend yield, ITDD or IRTR?

IRTR has the higher dividend yield at 3.15%, compared with 1.66% for ITDD.

What is the main difference between ITDD and IRTR?

Their fees differ too: 0.11% for ITDD and 0.08% for IRTR.

Which has better risk-adjusted returns?

IRTR currently has the higher Sharpe Ratio (2.46 vs 2.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.