SHY vs TLT: Holdings Overlap
SHYiShares 1-3 Year Treasury Bond ETF
iShares · 89 holdings · $25.2B · as of 2026-05-31
TLTiShares 20+ Year Treasury Bond ETF
iShares · 46 holdings · $41.6B · as of 2026-05-31
How similar are SHY and TLT?
iShares 1-3 Year Treasury Bond ETF (SHY, by iShares) holds 89 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
- 0SHY holds 89 · TLT holds 46
- Weight in Shared Holdings
- SHY 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 SHY
89 of 89 positions (99.0% of the fund) are not held by TLT. Showing the top 30 by weight.
- U.S. Treasury Notes1.96%
- U.S. Treasury Notes1.84%
- U.S. Treasury Notes1.71%
- U.S. Treasury Notes1.60%
- U.S. Treasury Notes1.60%
- U.S. Treasury Notes1.52%
Only in TLT
46 of 46 positions (98.2% of the fund) are not held by SHY. 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 |
|---|---|---|---|---|---|---|---|
| SHY | +0.4% | +1.0% | +2.8% | +4.2% | +1.8% | +1.7% | 3.63% |
| 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 SHY vs TLT →
Shared Holdings(0)
These two funds have no holdings in common.
Frequently Asked Questions
How much do SHY and TLT overlap?
SHY and TLT overlap by 0.0% of portfolio weight. They share 0 holdings (SHY holds 89 positions and TLT holds 46), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SHY 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 SHY own that TLT doesn't?
89 positions (99.0% 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, 46 positions (98.2% of TLT) are unique to TLT.