BIV vs VCLT: Holdings Overlap
BIVVanguard Intermediate-term Bond Index Fund
Vanguard · 2340 holdings · $28.9B · as of 2026-03-31
VCLTVanguard Long-term Corporate Bond Index Fund
Vanguard · 2775 holdings · $8.9B · as of 2026-05-31
Holdings snapshots are 61 days apart (BIV: 2026-03-31, VCLT: 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 VCLT?
Vanguard Intermediate-term Bond Index Fund (BIV, by Vanguard) holds 2340 positions; Vanguard Long-term Corporate Bond Index Fund (VCLT, by Vanguard) holds 2775. They have 13 holdings in common, and by portfolio weight the two funds are 0.2% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 13BIV holds 2340 · VCLT holds 2775
- Weight in Shared Holdings
- BIV 1%·VCLT 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
2327 of 2340 positions (97.8% of the fund) are not held by VCLT. 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 VCLT
2762 of 2775 positions (98.1% of the fund) are not held by BIV. Showing the top 30 by weight.
- Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc0.37%
- CVS Health Corp.0.33%
- Meta Platforms, Inc.0.28%
- Boeing Co. (The)0.27%
- Pfizer Investment Enterprises Pte. Ltd.0.27%
- Amazon.com, Inc.0.26%
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% |
| VCLT | -1.6% | -1.5% | +0.6% | +4.1% | -3.1% | +1.7% | 5.64% |
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 VCLT →
Shared Holdings(13)
The top 10 shared positions account for 96% of the overlap, led by U.S. Treasury Notes, Mizuho Financial Group, Inc. and PACIFIC GAS and ELECTRIC CO 5.2% 05/01/2036.
| U.S. Treasury Notes | 0.92% | 0.08% | 0.08% |
|---|---|---|---|
| Mizuho Financial Group, Inc. | 0.01% | 0.03% | 0.01% |
| PACIFIC GAS and ELECTRIC CO 5.2% 05/01/2036 | 0.01% | 0.01% | 0.01% |
| Entergy Louisiana LLC | 0.01% | 0.01% | 0.01% |
| American Airlines Pass-Through Trust, Series 2025-1, Class A | 0.01% | 0.02% | 0.01% |
| Target Corp. | 0.01% | 0.01% | 0.01% |
| Fedex Freight Holding Co., Inc. | 0.01% | 0.02% | 0.01% |
| McDonald's Corp. | 0.01% | 0.01% | 0.01% |
| Marriott International Inc/MD | 0.01% | 0.09% | 0.01% |
| CenterPoint Energy Houston Electric LLC, Series AR | 0.00% | 0.02% | 0.00% |
| Northern States Power Co/MN | 0.00% | 0.01% | 0.00% |
| Wells Fargo & Co. | 0.00% | 0.03% | 0.00% |
| Marriott International Inc/MD | 0.01% | 0.00% | 0.00% |
Frequently Asked Questions
How much do BIV and VCLT overlap?
BIV and VCLT overlap by 0.2% of portfolio weight. They share 13 holdings (BIV holds 2340 positions and VCLT holds 2775), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BIV and VCLT?
The two portfolios are 0.2% 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 VCLT?
The largest positions held by both funds are U.S. Treasury Notes, Mizuho Financial Group, Inc., PACIFIC GAS and ELECTRIC CO 5.2% 05/01/2036, Entergy Louisiana LLC and American Airlines Pass-Through Trust, Series 2025-1, Class A. Together the top 10 shared positions account for 96% of the total overlap.
What does BIV own that VCLT doesn't?
2327 positions (97.8% 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, 2762 positions (98.1% of VCLT) are unique to VCLT.