VGSH vs SHY overlap
VGSH and SHY overlap 87.7% by weight, across 89 shared holdings.
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Top shared holdings
| Holding | VGSH | SHY | Overlap |
|---|---|---|---|
| US Treasury N/B | 2.24% | 1.71% | 1.71% |
| US Treasury N/B | 1.40% | 1.52% | 1.40% |
| US Treasury N/B | 1.29% | 1.36% | 1.29% |
| US Treasury N/B | 1.31% | 1.29% | 1.29% |
| US Treasury N/BT | 1.26% | 1.84% | 1.26% |
| US Treasury N/B | 1.26% | 1.48% | 1.26% |
| US Treasury N/B | 1.25% | 1.28% | 1.25% |
| US Treasury N/B | 1.25% | 1.34% | 1.25% |
| US Treasury N/B | 1.25% | 1.35% | 1.25% |
| US Treasury N/BT | 1.23% | 1.25% | 1.23% |
| US Treasury N/B | 1.23% | 1.43% | 1.23% |
| US Treasury N/B | 1.22% | 1.34% | 1.22% |
| US Treasury N/BT | 1.20% | 1.33% | 1.20% |
| US Treasury N/BT | 1.19% | 1.24% | 1.19% |
| US Treasury N/B | 1.19% | 1.40% | 1.19% |
Overlap by weight adds up the smaller weight of each holding the funds share, so 100% means identical portfolios. Long securities only: derivatives and cash vehicles are left out. Sources: VGSH, SEC Form N-PORT, May 31, 2026; SHY, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | VGSH | SHY |
|---|---|---|
| Morgan Stanley | $1.6B | $2.0B |
| JPMorgan Chase & Co | $2.8B | $741.8M |
| Bank of America Corp. | $692.3M | $1.4B |
| Captrust Financial Advisors | $20.0M | $1.7B |
| BlackRock, Inc. | $9.0M | $1.0B |
| FMR LLC | $1.1M | $944.8M |
| UBS Group AG | $545.1M | $386.8M |
| Wells Fargo & Company | $288.6M | $466.6M |
| Ameriprise Financial Inc. | $207.9M | $509.7M |
| LPL Financial LLC | $238.8M | $449.7M |
| Baird Financial Group, Inc. | $648.1M | $24.9M |
| Raymond James Financial Inc. | $193.7M | $413.8M |
| Alliancebernstein L.P. | $516.1M | $16.8M |
| Envestnet Asset Management Inc. | $231.2M | $274.7M |
| Cerity Partners LLC | $287.4M | $203.6M |
This compares who owns the funds, not what the funds hold. From SEC Form 13F, for managers with $100M+ in US securities.
Who owns them: VGSH institutional holders, SHY institutional holders.
Frequently asked questions
How much do VGSH and SHY overlap?
87.7% by weight, with 89 holdings in common, using holdings for VGSH as of May 31, 2026 and SHY as of May 31, 2026. The largest shared position is US TREASURY N/B.
Do institutions hold both VGSH and SHY?
531 Form 13F filers report positions in both, out of 1,770 that report either one.
How is overlap by weight worked out?
For each holding the two funds share, take the smaller of the two weights, then add those up. Identical portfolios score 100%.