SCHO vs SHY: Holdings Overlap
SCHOSchwab Short-Term U.S. Treasury ETF
Schwab · 96 holdings · $12.9B · as of 2026-03-31
SHYiShares 1-3 Year Treasury Bond ETF
iShares · 89 holdings · $25.2B · as of 2026-05-31
Holdings snapshots are 61 days apart (SCHO: 2026-03-31, SHY: 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 SCHO and SHY?
Schwab Short-Term U.S. Treasury ETF (SCHO, by Schwab) holds 96 positions; iShares 1-3 Year Treasury Bond ETF (SHY, by iShares) holds 89. They have 81 holdings in common, and by portfolio weight the two funds are 78.6% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 78.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 81SCHO holds 96 · SHY holds 89
- Weight in Shared Holdings
- SCHO 88%·SHY 91%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 SCHO
15 of 96 positions (11.0% of the fund) are not held by SHY.
- U.S. Treasury Notes1.38%
- U.S. Treasury Notes1.38%
- U.S. Treasury Notes1.37%
- U.S. Treasury Notes1.17%
- U.S. Treasury Notes1.11%
- U.S. Treasury Notes1.06%
Only in SHY
8 of 89 positions (8.3% of the fund) are not held by SCHO.
- U.S. Treasury Notes1.52%
- U.S. Treasury Notes1.36%
- U.S. Treasury Notes1.07%
- U.S. Treasury Notes0.99%
- U.S. Treasury Notes0.97%
- U.S. Treasury Notes0.87%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SCHO | +0.3% | +1.0% | +2.8% | +4.3% | +1.9% | +1.8% | 3.87% |
| SHY | +0.4% | +1.0% | +2.8% | +4.2% | +1.8% | +1.7% | 3.63% |
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 SCHO vs SHY →
Shared Holdings(81)
The top 10 shared positions account for 16% of the overlap, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes.
| U.S. Treasury Notes | 2.22% | 1.71% | 1.71% |
|---|---|---|---|
| U.S. Treasury Notes | 1.38% | 1.32% | 1.32% |
| U.S. Treasury Notes | 1.29% | 1.29% | 1.29% |
| U.S. Treasury Notes | 1.22% | 1.28% | 1.22% |
| U.S. Treasury Notes | 1.22% | 1.35% | 1.22% |
| U.S. Treasury Notes | 1.22% | 1.24% | 1.22% |
| U.S. Treasury Notes | 1.18% | 1.34% | 1.18% |
| U.S. Treasury Notes | 1.17% | 1.33% | 1.17% |
| U.S. Treasury Notes | 1.17% | 1.34% | 1.17% |
| U.S. Treasury Notes | 1.17% | 1.40% | 1.17% |
| U.S. Treasury Notes | 1.17% | 1.96% | 1.17% |
| U.S. Treasury Notes | 1.16% | 1.35% | 1.16% |
| U.S. Treasury Notes | 1.16% | 1.34% | 1.16% |
| U.S. Treasury Notes | 1.17% | 1.16% | 1.16% |
| U.S. Treasury Notes | 1.16% | 1.38% | 1.16% |
| U.S. Treasury Notes | 1.37% | 1.16% | 1.16% |
| U.S. Treasury Notes | 1.16% | 1.27% | 1.16% |
| U.S. Treasury Notes | 1.16% | 1.29% | 1.16% |
| U.S. Treasury Notes | 1.16% | 1.23% | 1.16% |
| U.S. Treasury Notes | 1.16% | 1.84% | 1.16% |
| U.S. Treasury Notes | 1.15% | 1.48% | 1.15% |
| U.S. Treasury Notes | 1.15% | 1.33% | 1.15% |
| U.S. Treasury Notes | 1.15% | 1.38% | 1.15% |
| U.S. Treasury Notes | 1.15% | 1.18% | 1.15% |
| U.S. Treasury Notes | 1.15% | 1.43% | 1.15% |
Frequently Asked Questions
How much do SCHO and SHY overlap?
SCHO and SHY overlap by 78.6% of portfolio weight. They share 81 holdings (SCHO holds 96 positions and SHY holds 89), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHO and SHY?
The two portfolios are 78.6% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of SCHO and SHY?
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 16% of the total overlap.
What does SCHO own that SHY doesn't?
15 positions (11.0% of SCHO) are unique to SCHO, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes. In the other direction, 8 positions (8.3% of SHY) are unique to SHY.