SHV vs SCHO: Holdings Overlap
SHViShares 0-1 Year Treasury Bond ETF
iShares · 13 holdings · $20.6B · as of 2026-05-31
SCHOSchwab Short-Term U.S. Treasury ETF
Schwab · 96 holdings · $12.9B · as of 2026-03-31
Holdings snapshots are 61 days apart (SHV: 2026-05-31, 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 SHV and SCHO?
iShares 0-1 Year Treasury Bond ETF (SHV, by iShares) holds 13 positions; Schwab Short-Term U.S. Treasury ETF (SCHO, by Schwab) holds 96. They have 2 holdings in common, and by portfolio weight the two funds are 1.9% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 2SHV holds 13 · SCHO holds 96
- Weight in Shared Holdings
- SHV 2%·SCHO 2%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 SHV
11 of 13 positions (12.2% of the fund) are not held by SCHO.
- U.S. Treasury Notes2.42%
- U.S. Treasury Notes1.75%
- U.S. Treasury Notes1.40%
- U.S. Treasury Notes1.21%
- U.S. Treasury Notes1.21%
- U.S. Treasury Notes1.18%
Only in SCHO
94 of 96 positions (96.9% of the fund) are not held by SHV. 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%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SHV | +0.3% | +2.1% | +3.8% | +4.6% | +3.5% | +2.3% | 3.74% |
| 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 SHV vs SCHO →
Shared Holdings(2)
| U.S. Treasury Notes | 0.97% | 1.16% | 0.97% |
|---|---|---|---|
| U.S. Treasury Notes | 0.95% | 1.06% | 0.95% |
Frequently Asked Questions
How much do SHV and SCHO overlap?
SHV and SCHO overlap by 1.9% of portfolio weight. They share 2 holdings (SHV holds 13 positions and SCHO holds 96), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SHV and SCHO?
The two portfolios are 1.9% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of SHV and SCHO?
The largest positions held by both funds are U.S. Treasury Notes and U.S. Treasury Notes. Together the top 2 shared positions account for 100% of the total overlap.
What does SHV own that SCHO doesn't?
11 positions (12.2% of SHV) are unique to SHV, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes. In the other direction, 94 positions (96.9% of SCHO) are unique to SCHO.