SHY vs SCHO: Holdings Overlap
SHYiShares 1-3 Year Treasury Bond ETF
iShares · 89 holdings · $25.2B · 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 (SHY: 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 SHY and SCHO?
iShares 1-3 Year Treasury Bond ETF (SHY, by iShares) holds 89 positions; Schwab Short-Term U.S. Treasury ETF (SCHO, by Schwab) holds 96. 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
- 81SHY holds 89 · SCHO holds 96
- Weight in Shared Holdings
- SHY 91%·SCHO 88%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
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%
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%
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% |
| 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 SHY vs SCHO →
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 | 1.71% | 2.22% | 1.71% |
|---|---|---|---|
| U.S. Treasury Notes | 1.32% | 1.38% | 1.32% |
| U.S. Treasury Notes | 1.29% | 1.29% | 1.29% |
| U.S. Treasury Notes | 1.28% | 1.22% | 1.22% |
| U.S. Treasury Notes | 1.35% | 1.22% | 1.22% |
| U.S. Treasury Notes | 1.24% | 1.22% | 1.22% |
| U.S. Treasury Notes | 1.34% | 1.18% | 1.18% |
| U.S. Treasury Notes | 1.33% | 1.17% | 1.17% |
| U.S. Treasury Notes | 1.34% | 1.17% | 1.17% |
| U.S. Treasury Notes | 1.40% | 1.17% | 1.17% |
| U.S. Treasury Notes | 1.96% | 1.17% | 1.17% |
| U.S. Treasury Notes | 1.35% | 1.16% | 1.16% |
| U.S. Treasury Notes | 1.34% | 1.16% | 1.16% |
| U.S. Treasury Notes | 1.16% | 1.17% | 1.16% |
| U.S. Treasury Notes | 1.38% | 1.16% | 1.16% |
| U.S. Treasury Notes | 1.16% | 1.37% | 1.16% |
| U.S. Treasury Notes | 1.27% | 1.16% | 1.16% |
| U.S. Treasury Notes | 1.29% | 1.16% | 1.16% |
| U.S. Treasury Notes | 1.23% | 1.16% | 1.16% |
| U.S. Treasury Notes | 1.84% | 1.16% | 1.16% |
| U.S. Treasury Notes | 1.48% | 1.15% | 1.15% |
| U.S. Treasury Notes | 1.33% | 1.15% | 1.15% |
| U.S. Treasury Notes | 1.38% | 1.15% | 1.15% |
| U.S. Treasury Notes | 1.18% | 1.15% | 1.15% |
| U.S. Treasury Notes | 1.43% | 1.15% | 1.15% |
Frequently Asked Questions
How much do SHY and SCHO overlap?
SHY and SCHO overlap by 78.6% of portfolio weight. They share 81 holdings (SHY holds 89 positions and SCHO holds 96), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SHY and SCHO?
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 SHY and SCHO?
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 SHY own that SCHO doesn't?
8 positions (8.3% 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, 15 positions (11.0% of SCHO) are unique to SCHO.