VGLT vs GOVT: Holdings Overlap
VGLTVanguard Long-term Treasury Index Fund
Vanguard · 97 holdings · $10.4B · 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 (VGLT: 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 VGLT and GOVT?
Vanguard Long-term Treasury Index Fund (VGLT, by Vanguard) holds 97 positions; iShares U.S. Treasury Bond ETF (GOVT, by iShares) holds 223. They have 67 holdings in common, and by portfolio weight the two funds are 16.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 16.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 67VGLT holds 97 · GOVT holds 223
- Weight in Shared Holdings
- VGLT 72%·GOVT 20%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 VGLT
30 of 97 positions (26.4% of the fund) are not held by GOVT.
- U.S. Treasury Bonds1.54%
- U.S. Treasury Bonds1.40%
- U.S. Treasury Bonds1.40%
- U.S. Treasury Bonds1.37%
- U.S. Treasury Bonds1.37%
- U.S. Treasury Bonds1.36%
Only in GOVT
156 of 223 positions (78.4% of the fund) are not held by VGLT. Showing the top 30 by weight.
- U.S. Treasury Notes5.25%
- U.S. Treasury Notes2.92%
- U.S. Treasury Notes2.60%
- U.S. Treasury Notes2.06%
- U.S. Treasury Notes1.59%
- U.S. Treasury Bonds1.37%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VGLT | -1.5% | -2.3% | -0.6% | +0.5% | -6.7% | -1.7% | 4.76% |
| 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 VGLT vs GOVT →
Shared Holdings(67)
The top 10 shared positions account for 38% of the overlap, led by U.S. Treasury Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds.
| U.S. Treasury Bonds | 1.36% | 1.55% | 1.36% |
|---|---|---|---|
| U.S. Treasury Bonds | 0.65% | 1.39% | 0.65% |
| U.S. Treasury Bonds | 1.64% | 0.61% | 0.61% |
| U.S. Treasury Bonds | 2.17% | 0.60% | 0.60% |
| U.S. Treasury Bonds | 0.57% | 1.49% | 0.57% |
| U.S. Treasury Bonds | 0.56% | 1.51% | 0.56% |
| U.S. Treasury Bonds | 2.17% | 0.55% | 0.55% |
| U.S. Treasury Bonds | 2.04% | 0.53% | 0.53% |
| U.S. Treasury Bonds | 2.21% | 0.47% | 0.47% |
| U.S. Treasury Bonds | 2.21% | 0.44% | 0.44% |
| U.S. Treasury Bonds | 2.13% | 0.44% | 0.44% |
| U.S. Treasury Bonds | 0.43% | 0.48% | 0.43% |
| U.S. Treasury Bonds | 2.17% | 0.39% | 0.39% |
| U.S. Treasury Bonds | 1.35% | 0.37% | 0.37% |
| U.S. Treasury Bonds | 1.40% | 0.36% | 0.36% |
| U.S. Treasury Bonds | 0.52% | 0.36% | 0.36% |
| U.S. Treasury Bonds | 1.51% | 0.36% | 0.36% |
| U.S. Treasury Bonds | 0.88% | 0.35% | 0.35% |
| U.S. Treasury Bonds | 2.04% | 0.35% | 0.35% |
| U.S. Treasury Bonds | 0.48% | 0.34% | 0.34% |
| U.S. Treasury Bonds | 1.41% | 0.32% | 0.32% |
| U.S. Treasury Bonds | 1.04% | 0.32% | 0.32% |
| U.S. Treasury Bonds | 1.40% | 0.31% | 0.31% |
| U.S. Treasury Bonds | 1.02% | 0.29% | 0.29% |
| U.S. Treasury Bonds | 1.14% | 0.28% | 0.28% |
Frequently Asked Questions
How much do VGLT and GOVT overlap?
VGLT and GOVT overlap by 16.5% of portfolio weight. They share 67 holdings (VGLT holds 97 positions and GOVT holds 223), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VGLT and GOVT?
The two portfolios are 16.5% 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 VGLT and GOVT?
The largest positions held by both funds are U.S. Treasury Bonds, U.S. Treasury Bonds, U.S. Treasury Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds. Together the top 10 shared positions account for 38% of the total overlap.
What does VGLT own that GOVT doesn't?
30 positions (26.4% of VGLT) are unique to VGLT, led by U.S. Treasury Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds. In the other direction, 156 positions (78.4% of GOVT) are unique to GOVT.