SCHO vs TLT: Holdings Overlap
SCHOSchwab Short-Term U.S. Treasury ETF
Schwab · 96 holdings · $12.9B · as of 2026-03-31
TLTiShares 20+ Year Treasury Bond ETF
iShares · 46 holdings · $41.6B · as of 2026-05-31
Holdings snapshots are 61 days apart (SCHO: 2026-03-31, TLT: 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 TLT?
Schwab Short-Term U.S. Treasury ETF (SCHO, by Schwab) holds 96 positions; iShares 20+ Year Treasury Bond ETF (TLT, by iShares) holds 46. They have 0 holdings in common, and by portfolio weight the two funds are 0.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 0SCHO holds 96 · TLT holds 46
- Weight in Shared Holdings
- SCHO 0%·TLT 0%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
96 of 96 positions (99.1% of the fund) are not held by TLT. 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 Notes1.38%
- U.S. Treasury Notes1.37%
Only in TLT
46 of 46 positions (98.2% of the fund) are not held by SCHO. Showing the top 30 by weight.
- U.S. Treasury Bonds4.58%
- U.S. Treasury Bonds4.50%
- U.S. Treasury Bonds4.46%
- U.S. Treasury Bonds4.40%
- U.S. Treasury Bonds4.15%
- U.S. Treasury Bonds4.04%
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% |
| TLT | -1.7% | -2.5% | -1.3% | -0.6% | -7.8% | -2.3% | 4.72% |
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 TLT →
Shared Holdings(0)
These two funds have no holdings in common.
Frequently Asked Questions
How much do SCHO and TLT overlap?
SCHO and TLT overlap by 0.0% of portfolio weight. They share 0 holdings (SCHO holds 96 positions and TLT holds 46), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHO and TLT?
The two portfolios are 0.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What does SCHO own that TLT doesn't?
96 positions (99.1% 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, 46 positions (98.2% of TLT) are unique to TLT.