GOVT vs GVI: Holdings Overlap
GOVTiShares U.S. Treasury Bond ETF
iShares · 223 holdings · $43.7B · as of 2026-04-30
GVIiShares Intermediate Government/Credit Bond ETF
iShares · 6177 holdings · $3.8B · as of 2026-05-31
Holdings snapshots are 31 days apart (GOVT: 2026-04-30, GVI: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are GOVT and GVI?
iShares U.S. Treasury Bond ETF (GOVT, by iShares) holds 223 positions; iShares Intermediate Government/Credit Bond ETF (GVI, by iShares) holds 6177. They have 132 holdings in common, and by portfolio weight the two funds are 42.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 42.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 132GOVT holds 223 · GVI holds 6177
- Weight in Shared Holdings
- GOVT 74%·GVI 49%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in GOVT
91 of 223 positions (24.5% of the fund) are not held by GVI. Showing the top 30 by weight.
- U.S. Treasury Bonds1.55%
- U.S. Treasury Bonds1.51%
- U.S. Treasury Bonds1.49%
- U.S. Treasury Bonds1.39%
- U.S. Treasury Bonds1.37%
- U.S. Treasury Bonds0.90%
Only in GVI
6045 of 6177 positions (50.0% of the fund) are not held by GOVT. Showing the top 30 by weight.
- U.S. Treasury Notes0.54%
- U.S. Treasury Notes0.50%
- U.S. Treasury Notes0.49%
- U.S. Treasury Notes0.48%
- U.S. Treasury Notes0.46%
- U.S. Treasury Notes0.45%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| GOVT | -0.2% | -0.3% | +1.6% | +3.3% | -0.8% | +0.7% | 3.64% |
| GVI | +0.2% | +0.3% | +2.4% | +4.4% | +0.9% | +1.7% | 3.65% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in GOVT vs GVI →
Shared Holdings(132)
The top 10 shared positions account for 16% of the overlap, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes.
| U.S. Treasury Notes | 0.84% | 0.79% | 0.79% |
|---|---|---|---|
| U.S. Treasury Notes | 0.99% | 0.77% | 0.77% |
| U.S. Treasury Notes | 0.81% | 0.76% | 0.76% |
| U.S. Treasury Notes | 0.78% | 0.76% | 0.76% |
| U.S. Treasury Notes | 0.93% | 0.73% | 0.73% |
| U.S. Treasury Notes | 0.94% | 0.63% | 0.63% |
| U.S. Treasury Notes | 0.62% | 0.76% | 0.62% |
| U.S. Treasury Notes | 0.61% | 0.74% | 0.61% |
| U.S. Treasury Notes | 0.62% | 0.61% | 0.61% |
| U.S. Treasury Notes | 0.62% | 0.60% | 0.60% |
| U.S. Treasury Notes | 5.25% | 0.59% | 0.59% |
| U.S. Treasury Notes | 0.64% | 0.58% | 0.58% |
| U.S. Treasury Notes | 0.85% | 0.57% | 0.57% |
| U.S. Treasury Notes | 0.76% | 0.56% | 0.56% |
| U.S. Treasury Notes | 0.82% | 0.56% | 0.56% |
| U.S. Treasury Notes | 0.77% | 0.54% | 0.54% |
| U.S. Treasury Notes | 0.54% | 0.54% | 0.54% |
| U.S. Treasury Notes | 0.61% | 0.53% | 0.53% |
| U.S. Treasury Notes | 0.52% | 0.52% | 0.52% |
| U.S. Treasury Notes | 0.52% | 0.56% | 0.52% |
| U.S. Treasury Notes | 0.50% | 0.50% | 0.50% |
| U.S. Treasury Notes | 0.92% | 0.50% | 0.50% |
| U.S. Treasury Notes | 0.50% | 0.52% | 0.50% |
| U.S. Treasury Notes | 0.49% | 0.51% | 0.49% |
| U.S. Treasury Notes | 0.49% | 0.70% | 0.49% |
Frequently Asked Questions
How much do GOVT and GVI overlap?
GOVT and GVI overlap by 42.9% of portfolio weight. They share 132 holdings (GOVT holds 223 positions and GVI holds 6177), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GOVT and GVI?
The two portfolios are 42.9% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of GOVT and GVI?
The largest positions held by both funds are U.S. Treasury Notes, U.S. Treasury Notes, U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes. Together the top 10 shared positions account for 16% of the total overlap.
What does GOVT own that GVI doesn't?
91 positions (24.5% of GOVT) are unique to GOVT, led by U.S. Treasury Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds. In the other direction, 6045 positions (50.0% of GVI) are unique to GVI.