SHY vs GOVT: Holdings Overlap
SHYiShares 1-3 Year Treasury Bond ETF
iShares · 89 holdings · $25.2B · as of 2026-05-31
GOVTiShares U.S. Treasury Bond ETF
iShares · 223 holdings · $43.7B · as of 2026-04-30
Holdings snapshots are 31 days apart (SHY: 2026-05-31, GOVT: 2026-04-30). 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 SHY and GOVT?
iShares 1-3 Year Treasury Bond ETF (SHY, by iShares) holds 89 positions; iShares U.S. Treasury Bond ETF (GOVT, by iShares) holds 223. They have 51 holdings in common, and by portfolio weight the two funds are 25.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 25.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 51SHY holds 89 · GOVT holds 223
- Weight in Shared Holdings
- SHY 58%·GOVT 30%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 SHY
38 of 89 positions (41.0% of the fund) are not held by GOVT. Showing the top 30 by weight.
- U.S. Treasury Notes1.96%
- U.S. Treasury Notes1.52%
- U.S. Treasury Notes1.34%
- U.S. Treasury Notes1.34%
- U.S. Treasury Notes1.34%
- U.S. Treasury Notes1.29%
Only in GOVT
172 of 223 positions (68.4% of the fund) are not held by SHY. 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%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SHY | +0.4% | +1.0% | +2.8% | +4.2% | +1.8% | +1.7% | 3.63% |
| GOVT | -0.2% | -0.3% | +1.6% | +3.3% | -0.8% | +0.7% | 3.64% |
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 SHY vs GOVT →
Shared Holdings(51)
The top 10 shared positions account for 43% of the overlap, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes.
| U.S. Treasury Notes | 1.35% | 1.59% | 1.35% |
|---|---|---|---|
| U.S. Treasury Notes | 1.33% | 2.60% | 1.33% |
| U.S. Treasury Notes | 1.16% | 2.92% | 1.16% |
| U.S. Treasury Notes | 1.16% | 2.06% | 1.16% |
| U.S. Treasury Notes | 1.01% | 1.34% | 1.01% |
| U.S. Treasury Notes | 1.00% | 0.97% | 0.97% |
| U.S. Treasury Notes | 1.21% | 0.97% | 0.97% |
| U.S. Treasury Notes | 1.38% | 0.95% | 0.95% |
| U.S. Treasury Notes | 1.16% | 0.92% | 0.92% |
| U.S. Treasury Notes | 1.26% | 0.88% | 0.88% |
| U.S. Treasury Notes | 1.13% | 0.82% | 0.82% |
| U.S. Treasury Notes | 1.27% | 0.63% | 0.63% |
| U.S. Treasury Notes | 1.71% | 0.62% | 0.62% |
| U.S. Treasury Notes | 1.32% | 0.62% | 0.62% |
| U.S. Treasury Notes | 1.25% | 0.62% | 0.62% |
| U.S. Treasury Notes | 1.36% | 0.56% | 0.56% |
| U.S. Treasury Notes | 0.52% | 0.77% | 0.52% |
| U.S. Treasury Notes | 1.18% | 0.52% | 0.52% |
| U.S. Treasury Notes | 0.82% | 0.50% | 0.50% |
| U.S. Treasury Notes | 0.78% | 0.49% | 0.49% |
| U.S. Treasury Notes | 1.48% | 0.47% | 0.47% |
| U.S. Treasury Notes | 1.84% | 0.46% | 0.46% |
| U.S. Treasury Notes | 1.38% | 0.46% | 0.46% |
| U.S. Treasury Notes | 1.13% | 0.46% | 0.46% |
| U.S. Treasury Notes | 0.63% | 0.46% | 0.46% |
Frequently Asked Questions
How much do SHY and GOVT overlap?
SHY and GOVT overlap by 25.0% of portfolio weight. They share 51 holdings (SHY holds 89 positions and GOVT holds 223), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SHY and GOVT?
The two portfolios are 25.0% 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 SHY and GOVT?
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 43% of the total overlap.
What does SHY own that GOVT doesn't?
38 positions (41.0% of SHY) are unique to SHY, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes. In the other direction, 172 positions (68.4% of GOVT) are unique to GOVT.