VGSH vs GVI: Holdings Overlap
VGSHVanguard Short-term Treasury Index Fund
Vanguard · 91 holdings · $30.2B · as of 2026-05-31
GVIiShares Intermediate Government/Credit Bond ETF
iShares · 6177 holdings · $3.8B · as of 2026-05-31
How similar are VGSH and GVI?
Vanguard Short-term Treasury Index Fund (VGSH, by Vanguard) holds 91 positions; iShares Intermediate Government/Credit Bond ETF (GVI, by iShares) holds 6177. They have 89 holdings in common, and by portfolio weight the two funds are 27.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 27.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 89VGSH holds 91 · GVI holds 6177
- Weight in Shared Holdings
- VGSH 97%·GVI 28%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 VGSH
2 of 91 positions (2.0% of the fund) are not held by GVI.
- U.S. Treasury Notes1.26%
- U.S. Treasury Notes0.75%
Only in GVI
6088 of 6177 positions (71.0% of the fund) are not held by VGSH. Showing the top 30 by weight.
- U.S. Treasury Notes0.79%
- U.S. Treasury Notes0.77%
- U.S. Treasury Notes0.76%
- U.S. Treasury Notes0.76%
- U.S. Treasury Notes0.76%
- U.S. Treasury Notes0.74%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VGSH | +0.4% | +1.0% | +2.9% | +4.3% | +1.9% | +1.8% | 3.82% |
| GVI | +0.2% | +0.3% | +2.4% | +4.4% | +0.9% | +1.7% | 3.65% |
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 VGSH vs GVI →
Shared Holdings(89)
The top 10 shared positions account for 19% of the overlap, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes.
| U.S. Treasury Notes | 1.22% | 0.67% | 0.67% |
|---|---|---|---|
| U.S. Treasury Notes | 2.24% | 0.61% | 0.61% |
| U.S. Treasury Notes | 1.11% | 0.60% | 0.60% |
| U.S. Treasury Notes | 1.14% | 0.53% | 0.53% |
| U.S. Treasury Notes | 1.10% | 0.51% | 0.51% |
| U.S. Treasury Notes | 1.10% | 0.50% | 0.50% |
| U.S. Treasury Notes | 1.15% | 0.50% | 0.50% |
| U.S. Treasury Notes | 1.04% | 0.50% | 0.50% |
| U.S. Treasury Notes | 1.35% | 0.48% | 0.48% |
| U.S. Treasury Notes | 1.40% | 0.48% | 0.48% |
| U.S. Treasury Notes | 1.14% | 0.47% | 0.47% |
| U.S. Treasury Notes | 1.31% | 0.46% | 0.46% |
| U.S. Treasury Notes | 1.18% | 0.45% | 0.45% |
| U.S. Treasury Notes | 0.83% | 0.45% | 0.45% |
| U.S. Treasury Notes | 0.82% | 0.44% | 0.44% |
| U.S. Treasury Notes | 1.14% | 0.41% | 0.41% |
| U.S. Treasury Notes | 1.19% | 0.40% | 0.40% |
| U.S. Treasury Notes | 1.17% | 0.40% | 0.40% |
| U.S. Treasury Notes | 1.18% | 0.38% | 0.38% |
| U.S. Treasury Notes | 1.19% | 0.38% | 0.38% |
| U.S. Treasury Notes | 1.18% | 0.36% | 0.36% |
| U.S. Treasury Notes | 1.03% | 0.36% | 0.36% |
| U.S. Treasury Notes | 1.19% | 0.36% | 0.36% |
| U.S. Treasury Notes | 1.23% | 0.36% | 0.36% |
| U.S. Treasury Notes | 0.85% | 0.35% | 0.35% |
Frequently Asked Questions
How much do VGSH and GVI overlap?
VGSH and GVI overlap by 27.9% of portfolio weight. They share 89 holdings (VGSH holds 91 positions and GVI holds 6177), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VGSH and GVI?
The two portfolios are 27.9% 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 VGSH and GVI?
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 19% of the total overlap.
What does VGSH own that GVI doesn't?
2 positions (2.0% of VGSH) are unique to VGSH, led by U.S. Treasury Notes and U.S. Treasury Notes. In the other direction, 6088 positions (71.0% of GVI) are unique to GVI.