GOVT vs VGSH: Holdings Overlap
GOVTiShares U.S. Treasury Bond ETF
iShares · 223 holdings · $43.7B · as of 2026-04-30
VGSHVanguard Short-term Treasury Index Fund
Vanguard · 91 holdings · $30.2B · as of 2026-05-31
Holdings snapshots are 31 days apart (GOVT: 2026-04-30, VGSH: 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 VGSH?
iShares U.S. Treasury Bond ETF (GOVT, by iShares) holds 223 positions; Vanguard Short-term Treasury Index Fund (VGSH, by Vanguard) holds 91. They have 53 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
- 53GOVT holds 223 · VGSH holds 91
- Weight in Shared Holdings
- GOVT 31%·VGSH 58%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
170 of 223 positions (67.6% of the fund) are not held by VGSH. 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 Bonds1.37%
Only in VGSH
38 of 91 positions (40.9% of the fund) are not held by GOVT. Showing the top 30 by weight.
- U.S. Treasury Notes1.40%
- U.S. Treasury Notes1.31%
- U.S. Treasury Notes1.25%
- U.S. Treasury Notes1.25%
- U.S. Treasury Notes1.22%
- U.S. Treasury Notes1.19%
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% |
| VGSH | +0.4% | +1.0% | +2.9% | +4.3% | +1.9% | +1.8% | 3.82% |
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 VGSH →
Shared Holdings(53)
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% | 1.25% | 1.25% |
|---|---|---|---|
| U.S. Treasury Notes | 2.06% | 1.19% | 1.19% |
| U.S. Treasury Notes | 2.60% | 1.18% | 1.18% |
| U.S. Treasury Notes | 2.92% | 1.02% | 1.02% |
| U.S. Treasury Notes | 0.97% | 1.14% | 0.97% |
| U.S. Treasury Notes | 0.95% | 1.17% | 0.95% |
| U.S. Treasury Notes | 0.92% | 1.04% | 0.92% |
| U.S. Treasury Notes | 1.34% | 0.91% | 0.91% |
| U.S. Treasury Notes | 0.88% | 1.09% | 0.88% |
| U.S. Treasury Notes | 0.97% | 0.86% | 0.86% |
| U.S. Treasury Notes | 0.82% | 1.11% | 0.82% |
| U.S. Treasury Notes | 0.77% | 1.12% | 0.77% |
| U.S. Treasury Notes | 0.66% | 0.83% | 0.66% |
| U.S. Treasury Notes | 0.63% | 1.08% | 0.63% |
| U.S. Treasury Notes | 0.62% | 2.24% | 0.62% |
| U.S. Treasury Notes | 0.62% | 1.11% | 0.62% |
| U.S. Treasury Notes | 0.62% | 1.23% | 0.62% |
| U.S. Treasury Notes | 0.56% | 1.29% | 0.56% |
| U.S. Treasury Notes | 0.54% | 1.35% | 0.54% |
| U.S. Treasury Notes | 0.52% | 0.59% | 0.52% |
| U.S. Treasury Notes | 0.51% | 1.29% | 0.51% |
| U.S. Treasury Notes | 0.50% | 1.10% | 0.50% |
| U.S. Treasury Notes | 0.49% | 1.17% | 0.49% |
| U.S. Treasury Notes | 0.49% | 1.24% | 0.49% |
| U.S. Treasury Notes | 0.47% | 1.26% | 0.47% |
Frequently Asked Questions
How much do GOVT and VGSH overlap?
GOVT and VGSH overlap by 26.1% of portfolio weight. They share 53 holdings (GOVT holds 223 positions and VGSH holds 91), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GOVT and VGSH?
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 VGSH?
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 VGSH doesn't?
170 positions (67.6% 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 (40.9% of VGSH) are unique to VGSH.