BIV vs TFI: Holdings Overlap
BIVVanguard Intermediate-term Bond Index Fund
Vanguard · 2340 holdings · $28.9B · as of 2026-03-31
TFIState Street® SPDR® Nuveen ICE Municipal Bond ETF
State Street (SPDR) · 1881 holdings · $3.1B · as of 2026-08-07
Holdings snapshots are 129 days apart (BIV: 2026-03-31, TFI: 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 TFI?
Vanguard Intermediate-term Bond Index Fund (BIV, by Vanguard) holds 2340 positions; State Street® SPDR® Nuveen ICE Municipal Bond ETF (TFI, by State Street (SPDR)) holds 1881. 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 · TFI holds 1881
- Weight in Shared Holdings
- BIV 0%·TFI 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 TFI. 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 TFI
1881 of 1881 positions (99.0% of the fund) are not held by BIV. Showing the top 30 by weight.
- NYC 5.000 08/01/310.46%
- UNVHGR 5.000 05/15/290.28%
- CAS 5.000 11/01/310.24%
- CTSGEN 5.000 07/01/280.24%
- CAS 5.000 11/01/270.23%
- NYCGEN 5.250 05/01/480.22%
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% |
| TFI | -0.9% | +0.6% | +4.7% | +2.9% | -0.3% | +1.3% | 3.56% |
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 TFI →
Shared Holdings(0)
These two funds have no holdings in common.
Frequently Asked Questions
How much do BIV and TFI overlap?
BIV and TFI overlap by 0.0% of portfolio weight. They share 0 holdings (BIV holds 2340 positions and TFI holds 1881), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BIV and TFI?
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 TFI 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, 1881 positions (99.0% of TFI) are unique to TFI.