GOVT vs IEI: Holdings Overlap
GOVTiShares U.S. Treasury Bond ETF
iShares · 223 holdings · $43.7B · as of 2026-04-30
IEIiShares 3-7 Year Treasury Bond ETF
iShares · 83 holdings · $17.6B · as of 2026-05-31
Holdings snapshots are 31 days apart (GOVT: 2026-04-30, IEI: 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 IEI?
iShares U.S. Treasury Bond ETF (GOVT, by iShares) holds 223 positions; iShares 3-7 Year Treasury Bond ETF (IEI, by iShares) holds 83. They have 67 holdings in common, and by portfolio weight the two funds are 31.2% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 31.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 67GOVT holds 223 · IEI holds 83
- Weight in Shared Holdings
- GOVT 34%·IEI 84%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
156 of 223 positions (64.5% of the fund) are not held by IEI. Showing the top 30 by weight.
- 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%
- U.S. Treasury Bonds1.51%
Only in IEI
16 of 83 positions (14.7% of the fund) are not held by GOVT.
- U.S. Treasury Notes1.26%
- U.S. Treasury Notes1.13%
- U.S. Treasury Notes1.13%
- U.S. Treasury Notes1.07%
- U.S. Treasury Notes1.03%
- U.S. Treasury Notes0.97%
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% |
| IEI | +0.1% | -0.2% | +1.6% | +3.9% | +0.2% | +1.2% | 3.70% |
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 IEI →
Shared Holdings(67)
The top 10 shared positions account for 31% of the overlap, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes.
| U.S. Treasury Notes | 5.25% | 2.26% | 2.26% |
|---|---|---|---|
| U.S. Treasury Notes | 1.07% | 1.80% | 1.07% |
| U.S. Treasury Notes | 0.94% | 2.28% | 0.94% |
| U.S. Treasury Notes | 0.87% | 0.98% | 0.87% |
| U.S. Treasury Notes | 0.85% | 2.11% | 0.85% |
| U.S. Treasury Notes | 0.82% | 2.05% | 0.82% |
| U.S. Treasury Notes | 0.78% | 1.10% | 0.78% |
| U.S. Treasury Notes | 0.77% | 1.49% | 0.77% |
| U.S. Treasury Notes | 0.77% | 2.09% | 0.77% |
| U.S. Treasury Notes | 0.69% | 1.05% | 0.69% |
| U.S. Treasury Notes | 0.64% | 1.93% | 0.64% |
| U.S. Treasury Notes | 0.61% | 0.98% | 0.61% |
| U.S. Treasury Notes | 0.59% | 1.82% | 0.59% |
| U.S. Treasury Notes | 0.59% | 0.59% | 0.59% |
| U.S. Treasury Notes | 0.59% | 1.25% | 0.59% |
| U.S. Treasury Notes | 0.56% | 1.29% | 0.56% |
| U.S. Treasury Notes | 0.56% | 0.92% | 0.56% |
| U.S. Treasury Notes | 0.56% | 1.10% | 0.56% |
| U.S. Treasury Notes | 0.55% | 1.39% | 0.55% |
| U.S. Treasury Notes | 0.55% | 1.53% | 0.55% |
| U.S. Treasury Notes | 0.54% | 1.12% | 0.54% |
| U.S. Treasury Notes | 0.52% | 2.09% | 0.52% |
| U.S. Treasury Notes | 0.52% | 1.26% | 0.52% |
| U.S. Treasury Notes | 0.52% | 1.41% | 0.52% |
| U.S. Treasury Notes | 0.52% | 1.49% | 0.52% |
Frequently Asked Questions
How much do GOVT and IEI overlap?
GOVT and IEI overlap by 31.2% of portfolio weight. They share 67 holdings (GOVT holds 223 positions and IEI holds 83), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GOVT and IEI?
The two portfolios are 31.2% 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 IEI?
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 31% of the total overlap.
What does GOVT own that IEI doesn't?
156 positions (64.5% 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, 16 positions (14.7% of IEI) are unique to IEI.