ICSH vs SCHO: Holdings Overlap
ICSHiShares Ultra Short Duration Bond Active ETF
iShares · 236 holdings · $8.4B · 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 (ICSH: 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 ICSH and SCHO?
iShares Ultra Short Duration Bond Active ETF (ICSH, by iShares) holds 236 positions; Schwab Short-Term U.S. Treasury ETF (SCHO, by Schwab) holds 96. They have 3 holdings in common, and by portfolio weight the two funds are 1.2% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 3ICSH holds 236 · SCHO holds 96
- Weight in Shared Holdings
- ICSH 1%·SCHO 4%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 ICSH
233 of 236 positions (51.1% of the fund) are not held by SCHO. Showing the top 30 by weight.
- Northwestern Mutual Global Funding0.79%
- Pacific Life Global Funding II0.75%
- Salesforce Inc0.73%
- New York Life Global Funding0.73%
- Morgan Stanley Private Bank NA0.73%
- Honeywell Aerospace Inc0.73%
Only in SCHO
93 of 96 positions (95.0% of the fund) are not held by ICSH. Showing the top 30 by weight.
- U.S. Treasury Notes2.22%
- U.S. Treasury Notes1.38%
- U.S. Treasury Notes1.38%
- U.S. Treasury Notes1.38%
- U.S. Treasury Notes1.37%
- U.S. Treasury Notes1.37%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ICSH | +0.4% | +2.1% | +4.0% | +5.1% | +3.8% | +2.8% | 4.20% |
| 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 ICSH vs SCHO →
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 | 0.48% | 1.37% | 0.48% |
|---|---|---|---|
| U.S. Treasury Notes | 0.41% | 1.37% | 0.41% |
| U.S. Treasury Notes | 0.34% | 1.38% | 0.34% |
Frequently Asked Questions
How much do ICSH and SCHO overlap?
ICSH and SCHO overlap by 1.2% of portfolio weight. They share 3 holdings (ICSH holds 236 positions and SCHO holds 96), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ICSH and SCHO?
The two portfolios are 1.2% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of ICSH and SCHO?
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 ICSH own that SCHO doesn't?
233 positions (51.1% of ICSH) are unique to ICSH, led by Northwestern Mutual Global Funding, Pacific Life Global Funding II and Salesforce Inc. In the other direction, 93 positions (95.0% of SCHO) are unique to SCHO.