BIV vs FLCB: Holdings Overlap
BIVVanguard Intermediate-term Bond Index Fund
Vanguard · 2340 holdings · $28.9B · as of 2026-03-31
FLCBFranklin U.S. Core Bond ETF
Franklin Templeton · 523 holdings · $3.0B · as of 2026-03-31
How similar are BIV and FLCB?
Vanguard Intermediate-term Bond Index Fund (BIV, by Vanguard) holds 2340 positions; Franklin U.S. Core Bond ETF (FLCB, by Franklin Templeton) holds 523. They have 127 holdings in common, and by portfolio weight the two funds are 4.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 127BIV holds 2340 · FLCB holds 523
- Weight in Shared Holdings
- BIV 9%·FLCB 16%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
2213 of 2340 positions (90.1% of the fund) are not held by FLCB. Showing the top 30 by weight.
- U.S. Treasury Notes2.29%
- U.S. Treasury Notes2.20%
- U.S. Treasury Notes2.19%
- U.S. Treasury Notes2.18%
- U.S. Treasury Notes2.06%
- U.S. Treasury Notes2.06%
Only in FLCB
396 of 523 positions (84.2% of the fund) are not held by BIV. Showing the top 30 by weight.
- T 1.25 12/31/266.01%
- U.S. Treasury Notes4.27%
- Uniform Mortgage-Backed Security, TBA2.38%
- U.S. Treasury Notes2.18%
- U.S. Treasury Notes2.07%
- U.S. Treasury Notes1.49%
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% |
| FLCB | -0.2% | +0.1% | +2.6% | +4.3% | -0.3% | — | 4.38% |
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 FLCB →
Shared Holdings(127)
The top 10 shared positions account for 42% of the overlap, led by U.S. Treasury Notes, U.S. Treasury Notes and Oracle Corp..
| U.S. Treasury Notes | 1.99% | 0.79% | 0.79% |
|---|---|---|---|
| U.S. Treasury Notes | 1.55% | 0.47% | 0.47% |
| Oracle Corp. | 0.11% | 0.10% | 0.10% |
| Bank of America Corp. | 0.08% | 0.09% | 0.08% |
| Goldman Sachs Group, Inc. (The) | 0.07% | 0.19% | 0.07% |
| Boeing Co. (The) | 0.07% | 0.19% | 0.07% |
| U.S. Treasury Notes | 1.75% | 0.07% | 0.07% |
| Amgen, Inc. | 0.07% | 0.12% | 0.07% |
| T-Mobile USA, Inc. | 0.07% | 0.18% | 0.07% |
| Wells Fargo & Co. | 0.06% | 0.06% | 0.06% |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 0.09% | 0.06% | 0.06% |
| JPMorgan Chase & Co. | 0.07% | 0.06% | 0.06% |
| Pfizer Investment Enterprises Pte. Ltd. | 0.08% | 0.06% | 0.06% |
| AbbVie, Inc. | 0.06% | 0.17% | 0.06% |
| Amphenol Corp. | 0.06% | 0.10% | 0.06% |
| Philip Morris International, Inc. | 0.05% | 0.13% | 0.05% |
| Amazon.com, Inc. | 0.05% | 0.07% | 0.05% |
| AT&T, Inc. | 0.05% | 0.52% | 0.05% |
| Morgan Stanley | 0.05% | 0.30% | 0.05% |
| Alphabet, Inc. | 0.07% | 0.05% | 0.05% |
| JPMorgan Chase & Co. | 0.06% | 0.05% | 0.05% |
| Orange SA | 0.05% | 0.12% | 0.05% |
| Oracle Corp. | 0.04% | 0.15% | 0.04% |
| Morgan Stanley | 0.04% | 0.06% | 0.04% |
| Synopsys, Inc. | 0.04% | 0.07% | 0.04% |
Frequently Asked Questions
How much do BIV and FLCB overlap?
BIV and FLCB overlap by 4.5% of portfolio weight. They share 127 holdings (BIV holds 2340 positions and FLCB holds 523), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BIV and FLCB?
The two portfolios are 4.5% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of BIV and FLCB?
The largest positions held by both funds are U.S. Treasury Notes, U.S. Treasury Notes, Oracle Corp., Bank of America Corp. and Goldman Sachs Group, Inc. (The). Together the top 10 shared positions account for 42% of the total overlap.
What does BIV own that FLCB doesn't?
2213 positions (90.1% of BIV) are unique to BIV, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes. In the other direction, 396 positions (84.2% of FLCB) are unique to FLCB.