GOVT vs SCHO: Holdings Overlap
GOVTiShares U.S. Treasury Bond ETF
iShares · 223 holdings · $43.7B · as of 2026-04-30
SCHOSchwab Short-Term U.S. Treasury ETF
Schwab · 96 holdings · $12.9B · as of 2026-03-31
Holdings snapshots are 30 days apart (GOVT: 2026-04-30, SCHO: 2026-03-31). 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 SCHO?
iShares U.S. Treasury Bond ETF (GOVT, by iShares) holds 223 positions; Schwab Short-Term U.S. Treasury ETF (SCHO, by Schwab) holds 96. They have 58 holdings in common, and by portfolio weight the two funds are 26.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 26.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 58GOVT holds 223 · SCHO holds 96
- Weight in Shared Holdings
- GOVT 32%·SCHO 63%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
165 of 223 positions (66.4% of the fund) are not held by SCHO. Showing the top 30 by weight.
- U.S. Treasury Notes5.25%
- U.S. Treasury Bonds1.55%
- U.S. Treasury Bonds1.51%
- U.S. Treasury Bonds1.49%
- U.S. Treasury Bonds1.39%
- U.S. Treasury Notes1.07%
Only in SCHO
38 of 96 positions (36.4% of the fund) are not held by GOVT. Showing the top 30 by weight.
- U.S. Treasury Notes1.29%
- U.S. Treasury Notes1.22%
- U.S. Treasury Notes1.18%
- U.S. Treasury Notes1.17%
- U.S. Treasury Notes1.17%
- U.S. Treasury Notes1.16%
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% |
| SCHO | +0.3% | +1.0% | +2.8% | +4.3% | +1.9% | +1.8% | 3.87% |
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 SCHO →
Shared Holdings(58)
The top 10 shared positions account for 39% of the overlap, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes.
| U.S. Treasury Notes | 1.59% | 1.22% | 1.22% |
|---|---|---|---|
| U.S. Treasury Notes | 2.06% | 1.17% | 1.17% |
| U.S. Treasury Notes | 2.60% | 1.17% | 1.17% |
| U.S. Treasury Notes | 2.92% | 1.14% | 1.14% |
| U.S. Treasury Notes | 0.97% | 1.04% | 0.97% |
| U.S. Treasury Notes | 0.95% | 1.14% | 0.95% |
| U.S. Treasury Notes | 0.92% | 1.37% | 0.92% |
| U.S. Treasury Notes | 0.88% | 1.06% | 0.88% |
| U.S. Treasury Notes | 1.34% | 0.86% | 0.86% |
| U.S. Treasury Notes | 0.97% | 0.85% | 0.85% |
| U.S. Treasury Notes | 0.82% | 1.07% | 0.82% |
| U.S. Treasury Notes | 0.77% | 1.37% | 0.77% |
| U.S. Treasury Notes | 0.66% | 1.37% | 0.66% |
| U.S. Treasury Notes | 0.63% | 1.07% | 0.63% |
| U.S. Treasury Notes | 0.62% | 2.22% | 0.62% |
| U.S. Treasury Notes | 0.62% | 1.38% | 0.62% |
| U.S. Treasury Notes | 0.62% | 1.12% | 0.62% |
| U.S. Treasury Notes | 0.54% | 1.38% | 0.54% |
| U.S. Treasury Notes | 0.52% | 0.60% | 0.52% |
| U.S. Treasury Notes | 0.51% | 1.17% | 0.51% |
| U.S. Treasury Notes | 0.50% | 1.37% | 0.50% |
| U.S. Treasury Notes | 0.49% | 1.37% | 0.49% |
| U.S. Treasury Notes | 0.47% | 1.15% | 0.47% |
| U.S. Treasury Notes | 0.46% | 1.16% | 0.46% |
| U.S. Treasury Notes | 0.46% | 1.15% | 0.46% |
Frequently Asked Questions
How much do GOVT and SCHO overlap?
GOVT and SCHO overlap by 26.1% of portfolio weight. They share 58 holdings (GOVT holds 223 positions and SCHO holds 96), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GOVT and SCHO?
The two portfolios are 26.1% 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 SCHO?
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 39% of the total overlap.
What does GOVT own that SCHO doesn't?
165 positions (66.4% of GOVT) are unique to GOVT, led by U.S. Treasury Notes, U.S. Treasury Bonds and U.S. Treasury Bonds. In the other direction, 38 positions (36.4% of SCHO) are unique to SCHO.