AGZ vs BND: Holdings Overlap
iShares · 98 holdings · $563M · as of 2026-05-31
BNDVanguard Total Bond Market Index Fund
Vanguard · 17360 holdings · $161.4B · as of 2026-03-31
Holdings snapshots are 61 days apart (AGZ: 2026-05-31, BND: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are AGZ and BND?
iShares Agency Bond ETF (AGZ, by iShares) holds 98 positions; Vanguard Total Bond Market Index Fund (BND, by Vanguard) holds 17360. They have 47 holdings in common, and by portfolio weight the two funds are 0.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 47AGZ holds 98 · BND holds 17360
- Weight in Shared Holdings
- AGZ 59%·BND 1%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in AGZ
51 of 98 positions (35.4% of the fund) are not held by BND. Showing the top 30 by weight.
- Federal Home Loan Bank Bonds5.66%
- Federal Farm Credit Bank Bonds4.70%
- Federal Home Loan Bank Bonds3.51%
- Federal Home Loan Mortgage Corp.1.63%
- Federal Farm Credit Bank Bonds1.61%
- Federal Home Loan Mortgage Corp.1.49%
Only in BND
17313 of 17360 positions (98.2% of the fund) are not held by AGZ. Showing the top 30 by weight.
- U.S. Treasury Notes0.48%
- U.S. Treasury Notes0.42%
- U.S. Treasury Notes0.42%
- U.S. Treasury Notes0.42%
- U.S. Treasury Notes0.41%
- U.S. Treasury Notes0.41%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| AGZ | +0.2% | +0.7% | +2.8% | +4.3% | +1.1% | +1.8% | 3.69% |
| BND | -0.3% | +0.0% | +2.4% | +4.2% | -0.2% | +1.5% | 4.03% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in AGZ vs BND →
Shared Holdings(47)
The top 10 shared positions account for 75% of the overlap, led by Federal Home Loan Bank Bonds, Federal National Mortgage Association and Federal Home Loan Mortgage Corp..
| Federal Home Loan Bank Bonds | 1.57% | 0.10% | 0.10% |
|---|---|---|---|
| Federal National Mortgage Association | 13.29% | 0.07% | 0.07% |
| Federal Home Loan Mortgage Corp. | 0.61% | 0.05% | 0.05% |
| U.S. Treasury Bonds | 0.69% | 0.05% | 0.05% |
| Federal National Mortgage Association | 1.59% | 0.05% | 0.05% |
| Federal Home Loan Mortgage Corp. | 2.62% | 0.03% | 0.03% |
| Federal Home Loan Bank Bonds | 1.12% | 0.02% | 0.02% |
| Federal National Mortgage Association | 2.16% | 0.02% | 0.02% |
| Federal Home Loan Bank Bonds | 1.23% | 0.02% | 0.02% |
| Federal National Mortgage Association | 3.55% | 0.01% | 0.01% |
| Tennessee Valley Authority | 0.58% | 0.01% | 0.01% |
| Tennessee Valley Authority | 1.22% | 0.01% | 0.01% |
| Federal National Mortgage Association | 5.66% | 0.01% | 0.01% |
| Federal National Mortgage Association | 3.68% | 0.01% | 0.01% |
| Federal Home Loan Bank Bonds | 0.29% | 0.01% | 0.01% |
| Tennessee Valley Authority | 2.12% | 0.01% | 0.01% |
| Tennessee Valley Authority | 0.47% | 0.01% | 0.01% |
| Tennessee Valley Authority | 0.50% | 0.01% | 0.01% |
| Federal Farm Credit Bank Bonds | 0.24% | 0.01% | 0.01% |
| Federal Home Loan Mortgage Corp. | 2.57% | 0.01% | 0.01% |
| Federal Farm Credit Bank Bonds | 0.55% | 0.00% | 0.00% |
| Tennessee Valley Authority | 0.09% | 0.00% | 0.00% |
| Tennessee Valley Authority | 1.53% | 0.00% | 0.00% |
| Federal National Mortgage Association | 0.94% | 0.00% | 0.00% |
| Tennessee Valley Authority | 0.18% | 0.00% | 0.00% |
Frequently Asked Questions
How much do AGZ and BND overlap?
AGZ and BND overlap by 0.6% of portfolio weight. They share 47 holdings (AGZ holds 98 positions and BND holds 17360), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AGZ and BND?
The two portfolios are 0.6% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of AGZ and BND?
The largest positions held by both funds are Federal Home Loan Bank Bonds, Federal National Mortgage Association, Federal Home Loan Mortgage Corp., U.S. Treasury Bonds and Federal National Mortgage Association. Together the top 10 shared positions account for 75% of the total overlap.
What does AGZ own that BND doesn't?
51 positions (35.4% of AGZ) are unique to AGZ, led by Federal Home Loan Bank Bonds, Federal Farm Credit Bank Bonds and Federal Home Loan Bank Bonds. In the other direction, 17313 positions (98.2% of BND) are unique to BND.