BIV vs SHM: Holdings Overlap
BIVVanguard Intermediate-term Bond Index Fund
Vanguard · 2340 holdings · $28.9B · as of 2026-03-31
SHMState Street® SPDR® Nuveen ICE Short Term Municipal Bond ETF
State Street (SPDR) · 967 holdings · $3.5B · as of 2026-08-07
Holdings snapshots are 129 days apart (BIV: 2026-03-31, SHM: 2026-08-07). 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 SHM?
Vanguard Intermediate-term Bond Index Fund (BIV, by Vanguard) holds 2340 positions; State Street® SPDR® Nuveen ICE Short Term Municipal Bond ETF (SHM, by State Street (SPDR)) holds 967. They have 0 holdings in common, and by portfolio weight the two funds are 0.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 0BIV holds 2340 · SHM holds 967
- Weight in Shared Holdings
- BIV 0%·SHM 0%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
2340 of 2340 positions (98.8% of the fund) are not held by SHM. 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 SHM
967 of 967 positions (99.3% of the fund) are not held by BIV. Showing the top 30 by weight.
- CAS 5.000 09/01/280.97%
- SEEPWR 5.000 10/01/300.93%
- CAS 5.000 10/01/270.70%
- NYSGEN 5.000 03/15/290.62%
- TRBTRN 5.000 11/15/280.56%
- CAS 5.000 03/01/290.53%
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% |
| SHM | +0.1% | +1.1% | +2.0% | +3.0% | +0.9% | +1.3% | 2.68% |
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 SHM →
Shared Holdings(0)
These two funds have no holdings in common.
Frequently Asked Questions
How much do BIV and SHM overlap?
BIV and SHM overlap by 0.0% of portfolio weight. They share 0 holdings (BIV holds 2340 positions and SHM holds 967), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BIV and SHM?
The two portfolios are 0.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What does BIV own that SHM doesn't?
2340 positions (98.8% 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, 967 positions (99.3% of SHM) are unique to SHM.