GOVT vs SHV: Holdings Overlap
GOVTiShares U.S. Treasury Bond ETF
iShares · 223 holdings · $43.7B · as of 2026-04-30
SHViShares 0-1 Year Treasury Bond ETF
iShares · 13 holdings · $20.6B · as of 2026-05-31
Holdings snapshots are 31 days apart (GOVT: 2026-04-30, SHV: 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 SHV?
iShares U.S. Treasury Bond ETF (GOVT, by iShares) holds 223 positions; iShares 0-1 Year Treasury Bond ETF (SHV, by iShares) holds 13. They have 3 holdings in common, and by portfolio weight the two funds are 0.8% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 3GOVT holds 223 · SHV holds 13
- Weight in Shared Holdings
- GOVT 1%·SHV 3%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
220 of 223 positions (98.0% of the fund) are not held by SHV. 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 SHV
10 of 13 positions (11.0% of the fund) are not held by GOVT.
- U.S. Treasury Notes2.42%
- U.S. Treasury Notes1.75%
- U.S. Treasury Notes1.40%
- U.S. Treasury Notes1.21%
- U.S. Treasury Notes1.21%
- U.S. Treasury Notes0.96%
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% |
| SHV | +0.3% | +2.1% | +3.8% | +4.6% | +3.5% | +2.3% | 3.74% |
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 SHV →
Shared Holdings(3)
The top 3 shared positions account for 100% of the overlap, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes.
| U.S. Treasury Notes | 0.46% | 0.97% | 0.46% |
|---|---|---|---|
| U.S. Treasury Notes | 0.32% | 0.95% | 0.32% |
| U.S. Treasury Notes | 0.01% | 1.18% | 0.01% |
Frequently Asked Questions
How much do GOVT and SHV overlap?
GOVT and SHV overlap by 0.8% of portfolio weight. They share 3 holdings (GOVT holds 223 positions and SHV holds 13), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GOVT and SHV?
The two portfolios are 0.8% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of GOVT and SHV?
The largest positions held by both funds are U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes. Together the top 3 shared positions account for 100% of the total overlap.
What does GOVT own that SHV doesn't?
220 positions (98.0% 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, 10 positions (11.0% of SHV) are unique to SHV.