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ETF comparison

SHYvsTLT

US Treasury (Short) vs US Treasury (Long).

iShares 1-3 Year Treasury Bond ETF · iShares 20+ Year Treasury Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
0.2%

1 positions appear in both funds. Buying equal dollars of SHY and TLT would leave roughly0.2%of each dollar exposed to the same underlying securities.

SHY only 99.0%Shared 0.2%TLT only 99.1%
In SHY only
89 positions
Shared
1 positions
In TLT only
46 positions

Side by side

SHY

iShares 1-3 Year Treasury Bond ETF

iShares · US Treasury (Short)

84composite / 100
Expense ratio
0.15%
Net assets
$25.91B
TTM yield
3.64%
Top-10 conc.
16.2%
TLT

iShares 20+ Year Treasury Bond ETF

iShares · US Treasury (Long)

78composite / 100
Expense ratio
0.15%
Net assets
$47.05B
TTM yield
4.82%
Top-10 conc.
41.9%

Sub-score comparison

85
Cost
85
58
Tax efficiency
56
100
Liquidity
100
91
Concentration
54
—
Tracking quality
—
SHYsub-scoreTLT

Tracking quality isn't part of the composite — seewhat we don't scorefor why.

Cost difference

Expense ratios are effectively identical (0.15% vs 0.15%).

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open thecost calculator pre-filled with SHY vs TLT.

Top shared holdings

1 shared in total
#HoldingIn SHYIn TLTOverlap
1BlackRock Funds III0.20%1.05%0.20%

Only in SHY

89 total
  • United States of America1.96%
  • United States of America1.84%
  • United States of America1.71%
  • United States of America1.60%
  • United States of America1.60%
  • United States of America1.52%
  • United States of America1.48%
  • United States of America1.45%
  • United States of America1.43%
  • United States of America1.40%

Only in TLT

46 total
  • United States of America4.58%
  • United States of America4.50%
  • United States of America4.46%
  • United States of America4.40%
  • United States of America4.15%
  • United States of America4.04%
  • United States of America4.03%
  • United States of America3.95%
  • United States of America3.94%
  • United States of America3.86%

Open SHY or TLT at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodologyand funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see/methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.