We used integrated and conjoint confirmatory factor analysis of Shipley-2 and Wechsler Intelligence Scale for Children–Fourth Edition (WISC-IV) data to investigate constructs measured in the Shipley-2 for children and adolescents. We also estimated Shipley-2 composite reliability at the subtest level rather than the item level. The three Shipley-2 subtests for the most part measured what was described in the manual, although Block Patterns measured visual spatial ability in addition to fluid ability and Abstraction was best considered a measure of psychometric g. The g factors derived from the WISC-IV and Shipley-2 were similar but not identical. Internal reliability estimates for Shipley-2 composites that were based on correlations between the subtests were substantially lower than those based on the items. Last, based on WISC-IV derived g factors, 37% to 53% of the variance in Shipley-2 composites was explained by g. Some of the reliable variance in the Shipley-2 composites was due to something specific that the subtests had in common not explained by psychometric g.