BIV vs TLH: Holdings Overlap
BIVVanguard Intermediate-term Bond Index Fund
Vanguard · 2340 holdings · $28.9B · as of 2026-03-31
TLHiShares 10-20 Year Treasury Bond ETF
iShares · 66 holdings · $10.9B · as of 2026-05-31
Holdings snapshots are 61 days apart (BIV: 2026-03-31, TLH: 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 TLH?
Vanguard Intermediate-term Bond Index Fund (BIV, by Vanguard) holds 2340 positions; iShares 10-20 Year Treasury Bond ETF (TLH, by iShares) holds 66. They have 7 holdings in common, and by portfolio weight the two funds are 0.3% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 7BIV holds 2340 · TLH holds 66
- Weight in Shared Holdings
- BIV 10%·TLH 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
2333 of 2340 positions (89.3% of the fund) are not held by TLH. 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 TLH
59 of 66 positions (98.1% of the fund) are not held by BIV. Showing the top 30 by weight.
- U.S. Treasury Bonds5.54%
- U.S. Treasury Bonds3.97%
- U.S. Treasury Bonds3.95%
- U.S. Treasury Bonds3.71%
- U.S. Treasury Bonds3.51%
- U.S. Treasury Bonds3.44%
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% |
| TLH | -1.2% | -2.0% | +0.1% | +1.6% | -5.0% | -1.2% | 4.59% |
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 TLH →
Shared Holdings(7)
The top 7 shared positions account for 100% of the overlap, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes.
| U.S. Treasury Notes | 2.03% | 0.11% | 0.11% |
|---|---|---|---|
| U.S. Treasury Notes | 0.92% | 0.10% | 0.10% |
| U.S. Treasury Notes | 1.64% | 0.04% | 0.04% |
| U.S. Treasury Notes | 1.55% | 0.03% | 0.03% |
| U.S. Treasury Bonds | 0.02% | 0.02% | 0.02% |
| U.S. Treasury Notes | 1.61% | 0.00% | 0.00% |
| U.S. Treasury Notes | 1.75% | 0.00% | 0.00% |
Frequently Asked Questions
How much do BIV and TLH overlap?
BIV and TLH overlap by 0.3% of portfolio weight. They share 7 holdings (BIV holds 2340 positions and TLH holds 66), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BIV and TLH?
The two portfolios are 0.3% 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 TLH?
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 Bonds. Together the top 7 shared positions account for 100% of the total overlap.
What does BIV own that TLH doesn't?
2333 positions (89.3% 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, 59 positions (98.1% of TLH) are unique to TLH.