BIV vs LQD: Holdings Overlap
BIVVanguard Intermediate-term Bond Index Fund
Vanguard · 2340 holdings · $28.9B · as of 2026-03-31
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF
iShares · 3135 holdings · $32.4B · as of 2026-05-31
Holdings snapshots are 61 days apart (BIV: 2026-03-31, LQD: 2026-05-31). 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 BIV and LQD?
Vanguard Intermediate-term Bond Index Fund (BIV, by Vanguard) holds 2340 positions; iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD, by iShares) holds 3135. They have 1023 holdings in common, and by portfolio weight the two funds are 23.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 23.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1023BIV holds 2340 · LQD holds 3135
- Weight in Shared Holdings
- BIV 25%·LQD 34%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
1317 of 2340 positions (74.1% of the fund) are not held by LQD. 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 LQD
2112 of 3135 positions (63.9% of the fund) are not held by BIV. Showing the top 30 by weight.
- Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc0.20%
- CVS Health Corp0.17%
- T-Mobile USA Inc0.16%
- Pfizer Investment Enterprises Pte Ltd0.15%
- Meta Platforms Inc0.15%
- Goldman Sachs Group Inc/The0.15%
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% |
| LQD | -0.8% | -0.7% | +1.6% | +4.9% | -0.7% | +2.2% | 4.65% |
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 LQD →
Shared Holdings(1023)
The top 10 shared positions account for 4% of the overlap, led by Bank of America Corp., Oracle Corp. and Meta Platforms, Inc..
| Bank of America Corp. | 0.11% | 0.13% | 0.11% |
|---|---|---|---|
| Oracle Corp. | 0.11% | 0.12% | 0.11% |
| Meta Platforms, Inc. | 0.11% | 0.16% | 0.11% |
| Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc | 0.11% | 0.12% | 0.11% |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 0.09% | 0.09% | 0.09% |
| Bank of America Corp. | 0.09% | 0.09% | 0.09% |
| Oracle Corp. | 0.09% | 0.10% | 0.09% |
| Bank of America Corp. | 0.09% | 0.14% | 0.09% |
| Bank of America Corp. | 0.09% | 0.12% | 0.09% |
| Bank of America Corp. | 0.08% | 0.11% | 0.08% |
| Bank of America Corp. | 0.09% | 0.08% | 0.08% |
| Bank of America Corp. | 0.08% | 0.10% | 0.08% |
| Morgan Stanley | 0.13% | 0.08% | 0.08% |
| Pfizer Investment Enterprises Pte. Ltd. | 0.08% | 0.12% | 0.08% |
| Verizon Communications, Inc. | 0.08% | 0.09% | 0.08% |
| JPMORGAN CHASE and CO 4.81%/VAR 10/22/2036 | 0.08% | 0.08% | 0.08% |
| JPMORGAN CHASE and CO 4.912%/VAR 07/25/2033 | 0.08% | 0.10% | 0.08% |
| Wells Fargo & Co. | 0.08% | 0.11% | 0.08% |
| WELLS FARGO and CO NEW 5.605%/VAR 04/23/2036 | 0.09% | 0.08% | 0.08% |
| Goldman Sachs Group, Inc. (The) | 0.08% | 0.10% | 0.08% |
| Wells Fargo & Co. | 0.08% | 0.09% | 0.08% |
| Wells Fargo & Co. | 0.08% | 0.11% | 0.08% |
| JPMorgan Chase & Co. | 0.08% | 0.11% | 0.08% |
| Goldman Sachs Group, Inc. (The) | 0.07% | 0.10% | 0.07% |
| Meta Platforms, Inc. | 0.07% | 0.10% | 0.07% |
Showing the top 250 of 1023 shared holdings by overlap weight.
Frequently Asked Questions
How much do BIV and LQD overlap?
BIV and LQD overlap by 23.2% of portfolio weight. They share 1023 holdings (BIV holds 2340 positions and LQD holds 3135), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BIV and LQD?
The two portfolios are 23.2% 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 LQD?
The largest positions held by both funds are Bank of America Corp., Oracle Corp., Meta Platforms, Inc., Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc and AerCap Ireland Capital DAC / AerCap Global Aviation Trust. Together the top 10 shared positions account for 4% of the total overlap.
What does BIV own that LQD doesn't?
1317 positions (74.1% 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, 2112 positions (63.9% of LQD) are unique to LQD.