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Data as of Oct 28, 2026.

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GOVT vs USHY: Differences, Returns & Fees

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On Jul 31, 2026 GOVT's duration was 5.5 years and USHY's 3.0; GOVT charges 0.05% to USHY's 0.08%.

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Net assets on Oct 27, 2026: $42.8bn for iShares U.S. Treasury Bond ETF and $26.3bn for iShares Broad USD High Yield Corporate Bond ETF.

GOVT on its own →USHY on its own →
At a glance
−1.5%
GOVT total return, 1 year
+1.7%
USHY total return, 1 year
0.05%
GOVT expense ratio
0.08%
USHY expense ratio

Pair scorecard

GOVT costs 0.03 points a year less; their one-year returns differ by 3.2 points; GOVT is 1.6 times larger.

GOVT vs USHY: Differences, Returns & Fees
MeasureGOVTUSHY
Return
Total return, 1 year−1.5%+1.7%
Drawdown
Below its high8.1%, high on Aug 4, 2020
Benchmark
What it tracksICE U.S. Treasury Core Bond IndexICE BofA US High Yield Constrained Index
Cost and size
Expense ratio0.05%0.08%
Net assets, as of Oct 27, 2026$42.8bn$26.3bn
Holdings
Holdings in common0%

Holdings in common uses holdings dated Jul 31, 2026. Method

What they share

0%

By the books each fund has filed, GOVT and USHY hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first GOVT USHY
Only in one fund ↓
Only in GOVT
U.S. Treasury Notes, due Nov 15, 2031 5.28%
U.S. Treasury Notes, due Feb 15, 2029 2.95%
U.S. Treasury Notes, due Feb 15, 2028 2.63%
U.S. Treasury Notes, due Nov 15, 2028 2.08%
U.S. Treasury Notes, due May 15, 2028 1.62%
U.S. Treasury Bonds, due May 15, 2046 1.48%
U.S. Treasury Bonds, due Nov 15, 2042 1.46%
U.S. Treasury Bonds, due Feb 15, 2051 1.46%
Only in USHY
1261229 BC Ltd, due Apr 15, 2032 0.47%
Meridian Arc Holdco LLC, due Apr 30, 2031 0.39%
EchoStar Corp, due Nov 30, 2029 0.39%
Quikrete Holdings Inc, due Mar 1, 2032 0.29%
PR RNO Property Owner 1 LLC, due May 1, 2031 0.28%
Asurion LLC/ Asurion Co-Issuer Inc, due Dec 31, 2032 0.26%
Cloud Software Group LLC, due Mar 31, 2029 0.26%
Cloud Software Group LLC, due Sep 30, 2029 0.25%
Check overlap with more funds →

Side by side

GOVT iShares U.S. Treasury Bond ETF USHY iShares Broad USD High Yield Corporate Bond ETF
Where it sits Bond ETF Bond ETF
Issuer iShares iShares
What it is Tracks an index of U.S. Treasury Bond Tracks an index of Broad USD High Yield Corporate Bond
Total return, 1 year −1.5% +1.7%
Its benchmark over the same days not measured +1.8% (SPHY)
Gap to its benchmark not measured −0.1 pts vs SPHY
Expense ratio 0.05% 0.08%
Holdings 229 1900
Net assets, as of Oct 27, 2026 $42.8bn $26.3bn

GOVT and USHY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
GOVT

GOVT tracks an index of U.S. Treasury Bond. Over the year to Oct 28, 2026 it returned −1.5% with distributions reinvested. The prospectus expense ratio is 0.05% a year. It sat 8.1% below its high of Aug 4, 2020 on Oct 28, 2026.

USHY

USHY tracks an index of Broad USD High Yield Corporate Bond. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against +1.8% for its benchmark, the ICE BofA US High Yield Constrained Index, measured by the closely related ICE BofA US High Yield Index. The prospectus expense ratio is 0.08% a year.

Questions people ask

Which returned more over the last year, GOVT or USHY?
In the year to Oct 28, 2026, with distributions reinvested, GOVT returned −1.5% and USHY +1.7%.
Which is cheaper, GOVT or USHY?
GOVT is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
GOVT vs JNKGOVT vs HYGGOVT vs SHYGOVT vs JAAAIEF vs USHYUSHY vs VGITMBB vs USHYUSHY vs VGSH
Where to next
GOVT on its own →USHY on its own →Hold both: look the portfolio through →Rankings →GOVT dividend history →GOVT holdings →USHY dividend history →USHY holdings →Standards and sources →
Sources and dates
GOVT and USHY filings on SEC EDGAR ↗
GOVT and USHY prospectus with the expense ratio (SEC) ↗
iShares page for GOVT ↗
iShares page for USHY ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, GOVT against USHY, data as of Oct 28, 2026. https://etfiq.com/compare/any/govt-vs-ushy

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.