BND vs EMB: Holdings Overlap
BNDVanguard Total Bond Market Index Fund
Vanguard · 17360 holdings · $161.4B · as of 2026-03-31
EMBiShares J.P. Morgan USD Emerging Markets Bond ETF
iShares · 675 holdings · $14.7B · as of 2026-04-30
Holdings snapshots are 30 days apart (BND: 2026-03-31, EMB: 2026-04-30). 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 BND and EMB?
Vanguard Total Bond Market Index Fund (BND, by Vanguard) holds 17360 positions; iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB, by iShares) holds 675. They have 146 holdings in common, and by portfolio weight the two funds are 0.9% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 146BND holds 17360 · EMB holds 675
- Weight in Shared Holdings
- BND 1%·EMB 21%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 BND
17214 of 17360 positions (97.9% of the fund) are not held by EMB. Showing the top 30 by weight.
- U.S. Treasury Notes0.48%
- U.S. Treasury Notes0.42%
- U.S. Treasury Notes0.42%
- U.S. Treasury Notes0.42%
- U.S. Treasury Notes0.41%
- U.S. Treasury Notes0.41%
Only in EMB
529 of 675 positions (77.4% of the fund) are not held by BND. Showing the top 30 by weight.
- Argentina Republic Government International Bonds1.10%
- Ecuador Government International Bonds0.77%
- Argentina Republic Government International Bonds0.71%
- Argentina Republic Government International Bonds0.63%
- Ghana Government International Bonds0.52%
- Argentina Republic Government International Bonds0.52%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| BND | -0.3% | +0.0% | +2.4% | +4.2% | -0.2% | +1.5% | 4.03% |
| EMB | -0.3% | +2.0% | +7.3% | +9.0% | +1.8% | +2.9% | 5.12% |
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 BND vs EMB →
Shared Holdings(146)
The top 10 shared positions account for 17% of the overlap, led by Mexico Government International Bond, Mexico Government International Bond and Chile Government International Bonds.
| Mexico Government International Bond | 0.02% | 0.16% | 0.02% |
|---|---|---|---|
| Mexico Government International Bond | 0.02% | 0.13% | 0.02% |
| Chile Government International Bonds | 0.02% | 0.16% | 0.02% |
| Mexico Government International Bond | 0.02% | 0.17% | 0.02% |
| Republic of Poland Government International Bonds | 0.01% | 0.36% | 0.01% |
| Mexico Government International Bonds | 0.01% | 0.17% | 0.01% |
| Peru Government International Bonds | 0.01% | 0.31% | 0.01% |
| Mexico Government International Bonds | 0.01% | 0.17% | 0.01% |
| Mexico Government International Bond | 0.01% | 0.17% | 0.01% |
| Mexico Government International Bonds | 0.01% | 0.13% | 0.01% |
| Republic of Poland Government International Bonds | 0.01% | 0.33% | 0.01% |
| Panama Government International Bonds | 0.01% | 0.31% | 0.01% |
| Republic of Poland Government International Bonds | 0.01% | 0.30% | 0.01% |
| Mexico Government International Bond | 0.01% | 0.10% | 0.01% |
| Republic of Poland Government International Bonds | 0.01% | 0.39% | 0.01% |
| Mexico Government International Bonds | 0.01% | 0.12% | 0.01% |
| Mexico Government International Bonds | 0.01% | 0.08% | 0.01% |
| Mexico Government International Bonds | 0.01% | 0.12% | 0.01% |
| Uruguay Government International Bonds | 0.01% | 0.51% | 0.01% |
| Mexico Government International Bonds | 0.01% | 0.06% | 0.01% |
| Mexico Government International Bonds | 0.01% | 0.12% | 0.01% |
| Hungary Government International Bonds | 0.01% | 0.27% | 0.01% |
| Peru Government International Bonds | 0.01% | 0.32% | 0.01% |
| Chile Government International Bonds | 0.01% | 0.14% | 0.01% |
| Mexico Government International Bonds | 0.01% | 0.11% | 0.01% |
Frequently Asked Questions
How much do BND and EMB overlap?
BND and EMB overlap by 0.9% of portfolio weight. They share 146 holdings (BND holds 17360 positions and EMB holds 675), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BND and EMB?
The two portfolios are 0.9% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of BND and EMB?
The largest positions held by both funds are Mexico Government International Bond, Mexico Government International Bond, Chile Government International Bonds, Mexico Government International Bond and Republic of Poland Government International Bonds. Together the top 10 shared positions account for 17% of the total overlap.
What does BND own that EMB doesn't?
17214 positions (97.9% of BND) are unique to BND, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes. In the other direction, 529 positions (77.4% of EMB) are unique to EMB.