BIV vs BND: Holdings Overlap
BIVVanguard Intermediate-term Bond Index Fund
Vanguard · 2340 holdings · $28.9B · as of 2026-03-31
BNDVanguard Total Bond Market Index Fund
Vanguard · 17360 holdings · $161.4B · as of 2026-03-31
How similar are BIV and BND?
Vanguard Intermediate-term Bond Index Fund (BIV, by Vanguard) holds 2340 positions; Vanguard Total Bond Market Index Fund (BND, by Vanguard) holds 17360. They have 2095 holdings in common, and by portfolio weight the two funds are 18.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 18.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 2095BIV holds 2340 · BND holds 17360
- Weight in Shared Holdings
- BIV 96%·BND 19%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 BIV
245 of 2340 positions (3.3% of the fund) are not held by BND. Showing the top 30 by weight.
- U.S. Treasury Notes0.20%
- Morgan Stanley0.06%
- JPMorgan Chase & Co.0.06%
- Citigroup, Inc.0.05%
- MPLX LP0.05%
- Province of Quebec Canada0.05%
Only in BND
15265 of 17360 positions (79.6% of the fund) are not held by BIV. Showing the top 30 by weight.
- U.S. Treasury Notes0.48%
- U.S. Treasury Notes0.42%
- U.S. Treasury Notes0.35%
- U.S. Treasury Notes0.32%
- U.S. Treasury Notes0.32%
- U.S. Treasury Notes0.31%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| BIV | -0.2% | -0.3% | +2.0% | +4.6% | -0.1% | +1.7% | 4.31% |
| 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 BIV vs BND →
Shared Holdings(2095)
The top 10 shared positions account for 21% of the overlap, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes.
| U.S. Treasury Notes | 2.18% | 0.42% | 0.42% |
|---|---|---|---|
| U.S. Treasury Notes | 2.03% | 0.42% | 0.42% |
| U.S. Treasury Notes | 2.06% | 0.41% | 0.41% |
| U.S. Treasury Notes | 2.06% | 0.41% | 0.41% |
| U.S. Treasury Notes | 2.29% | 0.40% | 0.40% |
| U.S. Treasury Notes | 2.19% | 0.39% | 0.39% |
| U.S. Treasury Notes | 1.99% | 0.39% | 0.39% |
| U.S. Treasury Notes | 2.02% | 0.36% | 0.36% |
| U.S. Treasury Notes | 1.88% | 0.36% | 0.36% |
| U.S. Treasury Notes | 1.68% | 0.36% | 0.36% |
| U.S. Treasury Notes | 1.64% | 0.35% | 0.35% |
| U.S. Treasury Notes | 1.75% | 0.35% | 0.35% |
| U.S. Treasury Notes | 2.20% | 0.34% | 0.34% |
| U.S. Treasury Notes | 1.55% | 0.33% | 0.33% |
| U.S. Treasury Notes | 1.61% | 0.32% | 0.32% |
| U.S. Treasury Notes | 1.72% | 0.32% | 0.32% |
| U.S. Treasury Notes | 1.67% | 0.32% | 0.32% |
| U.S. Treasury Notes | 1.77% | 0.32% | 0.32% |
| U.S. Treasury Notes | 1.95% | 0.24% | 0.24% |
| U.S. Treasury Notes | 0.71% | 0.19% | 0.19% |
| U.S. Treasury Notes | 0.92% | 0.18% | 0.18% |
| U.S. Treasury Notes | 0.68% | 0.18% | 0.18% |
| U.S. Treasury Notes | 0.43% | 0.17% | 0.17% |
| U.S. Treasury Notes | 0.62% | 0.17% | 0.17% |
| U.S. Treasury Notes | 0.56% | 0.17% | 0.17% |
Showing the top 250 of 2095 shared holdings by overlap weight.
Frequently Asked Questions
How much do BIV and BND overlap?
BIV and BND overlap by 18.8% of portfolio weight. They share 2095 holdings (BIV holds 2340 positions and BND holds 17360), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BIV and BND?
The two portfolios are 18.8% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of BIV and BND?
The largest positions held by both funds are U.S. Treasury Notes, U.S. Treasury Notes, U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes. Together the top 10 shared positions account for 21% of the total overlap.
What does BIV own that BND doesn't?
245 positions (3.3% of BIV) are unique to BIV, led by U.S. Treasury Notes, Morgan Stanley and JPMorgan Chase & Co.. In the other direction, 15265 positions (79.6% of BND) are unique to BND.