GOVT vs IEF: Holdings Overlap
GOVTiShares U.S. Treasury Bond ETF
iShares · 223 holdings · $43.7B · as of 2026-04-30
IEFiShares 7-10 Year Treasury Bond ETF
iShares · 15 holdings · $47.3B · as of 2026-05-31
Holdings snapshots are 31 days apart (GOVT: 2026-04-30, IEF: 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 IEF?
iShares U.S. Treasury Bond ETF (GOVT, by iShares) holds 223 positions; iShares 7-10 Year Treasury Bond ETF (IEF, by iShares) holds 15. They have 15 holdings in common, and by portfolio weight the two funds are 9.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 15GOVT holds 223 · IEF holds 15
- Weight in Shared Holdings
- GOVT 10%·IEF 98%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
208 of 223 positions (88.9% of the fund) are not held by IEF. Showing the top 30 by weight.
- U.S. Treasury Notes5.25%
- U.S. Treasury Notes2.92%
- U.S. Treasury Notes2.60%
- U.S. Treasury Notes2.06%
- U.S. Treasury Notes1.59%
- U.S. Treasury Bonds1.55%
Only in IEF
Every position in IEF is also held by GOVT, so it brings nothing the other fund doesn’t already own.
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% |
| IEF | -0.2% | -0.9% | +1.3% | +3.1% | -1.6% | +0.5% | 3.95% |
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 IEF →
Shared Holdings(15)
The top 10 shared positions account for 82% of the overlap, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes.
| U.S. Treasury Notes | 0.99% | 8.78% | 0.99% |
|---|---|---|---|
| U.S. Treasury Notes | 0.93% | 6.73% | 0.93% |
| U.S. Treasury Notes | 0.84% | 8.31% | 0.84% |
| U.S. Treasury Notes | 0.82% | 8.73% | 0.82% |
| U.S. Treasury Notes | 0.81% | 8.71% | 0.81% |
| U.S. Treasury Notes | 0.78% | 8.63% | 0.78% |
| U.S. Treasury Notes | 0.76% | 5.32% | 0.76% |
| U.S. Treasury Notes | 0.62% | 8.22% | 0.62% |
| U.S. Treasury Notes | 0.61% | 8.53% | 0.61% |
| U.S. Treasury Notes | 0.49% | 9.54% | 0.49% |
| U.S. Treasury Notes | 0.48% | 5.81% | 0.48% |
| U.S. Treasury Notes | 0.44% | 8.75% | 0.44% |
| U.S. Treasury Notes | 0.85% | 0.30% | 0.30% |
| U.S. Treasury Notes | 0.25% | 1.47% | 0.25% |
| U.S. Treasury Notes | 0.24% | 0.38% | 0.24% |
Frequently Asked Questions
How much do GOVT and IEF overlap?
GOVT and IEF overlap by 9.3% of portfolio weight. They share 15 holdings (GOVT holds 223 positions and IEF holds 15), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GOVT and IEF?
The two portfolios are 9.3% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of GOVT and IEF?
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 82% of the total overlap.
What does GOVT own that IEF doesn't?
208 positions (88.9% of GOVT) are unique to GOVT, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes. In the other direction, 0 positions (0.0% of IEF) are unique to IEF.