GOVT vs VGLT: Holdings Overlap
GOVTiShares U.S. Treasury Bond ETF
iShares · 223 holdings · $43.7B · as of 2026-04-30
VGLTVanguard Long-term Treasury Index Fund
Vanguard · 97 holdings · $10.4B · as of 2026-05-31
Holdings snapshots are 31 days apart (GOVT: 2026-04-30, VGLT: 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 VGLT?
iShares U.S. Treasury Bond ETF (GOVT, by iShares) holds 223 positions; Vanguard Long-term Treasury Index Fund (VGLT, by Vanguard) holds 97. They have 67 holdings in common, and by portfolio weight the two funds are 16.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 16.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 67GOVT holds 223 · VGLT holds 97
- Weight in Shared Holdings
- GOVT 20%·VGLT 72%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 (78.4% of the fund) are not held by VGLT. 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 Bonds1.37%
Only in VGLT
30 of 97 positions (26.4% of the fund) are not held by GOVT.
- U.S. Treasury Bonds1.54%
- U.S. Treasury Bonds1.40%
- U.S. Treasury Bonds1.40%
- U.S. Treasury Bonds1.37%
- U.S. Treasury Bonds1.37%
- U.S. Treasury Bonds1.36%
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% |
| VGLT | -1.5% | -2.3% | -0.6% | +0.5% | -6.7% | -1.7% | 4.76% |
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 VGLT →
Shared Holdings(67)
The top 10 shared positions account for 38% of the overlap, led by U.S. Treasury Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds.
| U.S. Treasury Bonds | 1.55% | 1.36% | 1.36% |
|---|---|---|---|
| U.S. Treasury Bonds | 1.39% | 0.65% | 0.65% |
| U.S. Treasury Bonds | 0.61% | 1.64% | 0.61% |
| U.S. Treasury Bonds | 0.60% | 2.17% | 0.60% |
| U.S. Treasury Bonds | 1.49% | 0.57% | 0.57% |
| U.S. Treasury Bonds | 1.51% | 0.56% | 0.56% |
| U.S. Treasury Bonds | 0.55% | 2.17% | 0.55% |
| U.S. Treasury Bonds | 0.53% | 2.04% | 0.53% |
| U.S. Treasury Bonds | 0.47% | 2.21% | 0.47% |
| U.S. Treasury Bonds | 0.44% | 2.21% | 0.44% |
| U.S. Treasury Bonds | 0.44% | 2.13% | 0.44% |
| U.S. Treasury Bonds | 0.48% | 0.43% | 0.43% |
| U.S. Treasury Bonds | 0.39% | 2.17% | 0.39% |
| U.S. Treasury Bonds | 0.37% | 1.35% | 0.37% |
| U.S. Treasury Bonds | 0.36% | 1.40% | 0.36% |
| U.S. Treasury Bonds | 0.36% | 0.52% | 0.36% |
| U.S. Treasury Bonds | 0.36% | 1.51% | 0.36% |
| U.S. Treasury Bonds | 0.35% | 0.88% | 0.35% |
| U.S. Treasury Bonds | 0.35% | 2.04% | 0.35% |
| U.S. Treasury Bonds | 0.34% | 0.48% | 0.34% |
| U.S. Treasury Bonds | 0.32% | 1.41% | 0.32% |
| U.S. Treasury Bonds | 0.32% | 1.04% | 0.32% |
| U.S. Treasury Bonds | 0.31% | 1.40% | 0.31% |
| U.S. Treasury Bonds | 0.29% | 1.02% | 0.29% |
| U.S. Treasury Bonds | 0.28% | 1.14% | 0.28% |
Frequently Asked Questions
How much do GOVT and VGLT overlap?
GOVT and VGLT overlap by 16.5% of portfolio weight. They share 67 holdings (GOVT holds 223 positions and VGLT holds 97), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GOVT and VGLT?
The two portfolios are 16.5% 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 VGLT?
The largest positions held by both funds are U.S. Treasury Bonds, U.S. Treasury Bonds, U.S. Treasury Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds. Together the top 10 shared positions account for 38% of the total overlap.
What does GOVT own that VGLT doesn't?
156 positions (78.4% 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, 30 positions (26.4% of VGLT) are unique to VGLT.