GOVT vs SCHZ: Holdings Overlap
GOVTiShares U.S. Treasury Bond ETF
iShares · 223 holdings · $43.7B · as of 2026-04-30
SCHZSchwab U.S. Aggregate Bond ETF
Schwab · 12081 holdings · $10.5B · as of 2026-03-31
Holdings snapshots are 30 days apart (GOVT: 2026-04-30, SCHZ: 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 SCHZ?
iShares U.S. Treasury Bond ETF (GOVT, by iShares) holds 223 positions; Schwab U.S. Aggregate Bond ETF (SCHZ, by Schwab) holds 12081. They have 207 holdings in common, and by portfolio weight the two funds are 31.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 31.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 207GOVT holds 223 · SCHZ holds 12081
- Weight in Shared Holdings
- GOVT 97%·SCHZ 34%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
16 of 223 positions (1.3% of the fund) are not held by SCHZ.
- U.S. Treasury Notes0.49%
- U.S. Treasury Notes0.37%
- U.S. Treasury Notes0.25%
- U.S. Treasury Bonds STRIPS0.06%
- U.S. Treasury Bonds STRIPS0.05%
- U.S. Treasury Bonds STRIPS0.04%
Only in SCHZ
11874 of 12081 positions (64.4% of the fund) are not held by GOVT. Showing the top 30 by weight.
- Uniform Mortgage-Backed Security, TBA0.34%
- Uniform Mortgage-Backed Security, TBA0.28%
- U.S. Treasury Notes0.26%
- U.S. Treasury Notes0.26%
- U.S. Treasury Notes0.24%
- U.S. Treasury Notes0.24%
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% |
| SCHZ | -0.2% | +0.1% | +2.5% | +4.2% | -0.2% | +1.4% | 4.20% |
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 SCHZ →
Shared Holdings(207)
The top 10 shared positions account for 12% of the overlap, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes.
| U.S. Treasury Notes | 0.61% | 0.44% | 0.44% |
|---|---|---|---|
| U.S. Treasury Notes | 0.44% | 0.39% | 0.39% |
| U.S. Treasury Notes | 0.99% | 0.38% | 0.38% |
| U.S. Treasury Notes | 0.84% | 0.38% | 0.38% |
| U.S. Treasury Notes | 0.62% | 0.38% | 0.38% |
| U.S. Treasury Notes | 0.81% | 0.38% | 0.38% |
| U.S. Treasury Notes | 0.78% | 0.38% | 0.38% |
| U.S. Treasury Notes | 0.93% | 0.37% | 0.37% |
| U.S. Treasury Notes | 0.82% | 0.36% | 0.36% |
| U.S. Treasury Notes | 0.45% | 0.36% | 0.36% |
| U.S. Treasury Notes | 0.48% | 0.34% | 0.34% |
| U.S. Treasury Notes | 0.64% | 0.32% | 0.32% |
| U.S. Treasury Notes | 0.44% | 0.31% | 0.31% |
| U.S. Treasury Notes | 0.94% | 0.31% | 0.31% |
| U.S. Treasury Notes | 0.85% | 0.31% | 0.31% |
| U.S. Treasury Notes | 0.43% | 0.30% | 0.30% |
| U.S. Treasury Notes | 0.76% | 0.30% | 0.30% |
| U.S. Treasury Notes | 0.50% | 0.30% | 0.30% |
| U.S. Treasury Notes | 0.77% | 0.30% | 0.30% |
| U.S. Treasury Notes | 0.52% | 0.29% | 0.29% |
| U.S. Treasury Notes | 5.25% | 0.28% | 0.28% |
| U.S. Treasury Notes | 0.59% | 0.28% | 0.28% |
| U.S. Treasury Notes | 0.62% | 0.28% | 0.28% |
| U.S. Treasury Notes | 0.82% | 0.27% | 0.27% |
| U.S. Treasury Notes | 0.49% | 0.27% | 0.27% |
Frequently Asked Questions
How much do GOVT and SCHZ overlap?
GOVT and SCHZ overlap by 31.5% of portfolio weight. They share 207 holdings (GOVT holds 223 positions and SCHZ holds 12081), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GOVT and SCHZ?
The two portfolios are 31.5% 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 SCHZ?
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 12% of the total overlap.
What does GOVT own that SCHZ doesn't?
16 positions (1.3% 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, 11874 positions (64.4% of SCHZ) are unique to SCHZ.