Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
GOVT vs HYG: how they differ
GOVT and HYG hold 0% of their weight in the same names, and HYG returned more over the year.
iShares U.S. Treasury Bond ETF and iShares iBoxx $ High Yield Corporate Bond ETF.
What they hold in common
By the books each fund has filed, GOVT and HYG hold 0% of their money in the same securities at the same weight.
| Holding | GOVT | HYG |
|---|---|---|
| BLK CSH FND TREASURY SL AGENCY | 0.11% | 0.68% |
| Only in GOVT | Only in HYG |
|---|---|
| US TREASURY N/B 0.60% | 1261229 BC LTD 144A 0.56% |
| TREASURY NOTE (OTR) 0.55% | MERIDIAN ARC HOLDCO LLC 144A 0.47% |
| TREASURY BOND (OLD) 0.42% | PR RNO PROPERTY OWNER 1 LLC 144A 0.35% |
| TREASURY NOTE (2OLD) 0.25% | WULF COMPUTE LLC 144A 0.29% |
| TREASURY BOND (OTR) 0.16% | GALAXY HELIOS DATA CENTERS II LLC 144A 0.28% |
| TREASURY NOTE (OLD) 0.11% | PANTHER ESCROW ISSUER LLC 144A 0.28% |
| TREASURY BOND (2OLD) 0.08% | SV RNO PROPERTY OWNER 1 LLC 144A 0.28% |
| TREASURY STRIP (INT) 0.04% | CORE SCIENTIFIC FINANCE I LLC 144A 0.27% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 10, 2026.
| GOVT iShares U.S. Treasury Bond ETF | HYG iShares iBoxx $ High Yield Corporate Bond ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | U.S. Treasury Bond | US high yield bonds |
| Total return, 1 year | −1.0% | +2.9% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −18.5 pts | −14.6 pts |
| Expense ratio | 0.05% | 0.49% |
| Holdings | 216 | 1326 |
GOVT in plain words
GOVT is a bond fund tracking the U.S. Treasury Bond. Over the year to Sep 11, 2026 it returned −1.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. It sat 8.4% below its high of Aug 4, 2020 on Sep 11, 2026.
HYG in plain words
HYG is a bond fund tracking the US high yield bonds. Over the year to Sep 11, 2026 it returned +2.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.49% a year.
Questions people ask
- Which returned more over the last year, GOVT or HYG?
- In the year to Sep 13, 2026, with distributions reinvested, GOVT returned −1.0% and HYG returned +2.9%, so HYG returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, GOVT or HYG?
- GOVT charges 0.05% a year and HYG charges 0.49%, so GOVT is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where to next
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, GOVT against HYG, data as of Sep 13, 2026. https://etfiq.com/compare/any/govt-vs-hyg Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources