BND vs FLCB: Holdings Overlap
BNDVanguard Total Bond Market Index Fund
Vanguard · 17360 holdings · $161.4B · as of 2026-03-31
FLCBFranklin U.S. Core Bond ETF
Franklin Templeton · 523 holdings · $3.0B · as of 2026-03-31
How similar are BND and FLCB?
Vanguard Total Bond Market Index Fund (BND, by Vanguard) holds 17360 positions; Franklin U.S. Core Bond ETF (FLCB, by Franklin Templeton) holds 523. They have 316 holdings in common, and by portfolio weight the two funds are 7.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 316BND holds 17360 · FLCB holds 523
- Weight in Shared Holdings
- BND 8%·FLCB 67%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
17044 of 17360 positions (90.7% of the fund) are not held by FLCB. 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 FLCB
207 of 523 positions (32.9% of the fund) are not held by BND. Showing the top 30 by weight.
- T 1.25 12/31/266.01%
- U.S. Treasury Notes1.49%
- FN MA51900.70%
- Uniform Mortgage-Backed Securities0.69%
- FN CC08940.66%
- FR SD47170.62%
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% |
| FLCB | -0.2% | +0.1% | +2.6% | +4.3% | -0.3% | — | 4.38% |
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 FLCB →
Shared Holdings(316)
The top 10 shared positions account for 30% of the overlap, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Bonds.
| U.S. Treasury Notes | 0.39% | 0.79% | 0.39% |
|---|---|---|---|
| U.S. Treasury Notes | 0.33% | 0.47% | 0.33% |
| U.S. Treasury Bonds | 0.23% | 0.38% | 0.23% |
| U.S. Treasury Notes | 0.21% | 0.99% | 0.21% |
| U.S. Treasury Notes | 0.21% | 0.88% | 0.21% |
| U.S. Treasury Bonds | 0.20% | 0.48% | 0.20% |
| U.S. Treasury Bonds | 0.19% | 1.05% | 0.19% |
| U.S. Treasury Bonds | 0.18% | 0.50% | 0.18% |
| U.S. Treasury Bonds | 0.18% | 0.28% | 0.18% |
| U.S. Treasury Notes | 0.17% | 2.18% | 0.17% |
| U.S. Treasury Notes | 0.16% | 0.23% | 0.16% |
| U.S. Treasury Bonds | 0.15% | 0.42% | 0.15% |
| U.S. Treasury Notes | 0.15% | 4.27% | 0.15% |
| U.S. Treasury Notes | 0.15% | 2.07% | 0.15% |
| U.S. Treasury Bonds | 0.15% | 0.98% | 0.15% |
| U.S. Treasury Bonds | 0.14% | 0.23% | 0.14% |
| U.S. Treasury Notes | 0.14% | 0.94% | 0.14% |
| U.S. Treasury Notes | 0.13% | 1.25% | 0.13% |
| U.S. Treasury Notes | 0.13% | 0.84% | 0.13% |
| U.S. Treasury Notes | 0.12% | 1.14% | 0.12% |
| U.S. Treasury Bonds | 0.11% | 1.07% | 0.11% |
| U.S. Treasury Notes | 0.11% | 0.34% | 0.11% |
| U.S. Treasury Notes | 0.11% | 1.29% | 0.11% |
| U.S. Treasury Bonds | 0.11% | 0.46% | 0.11% |
| U.S. Treasury Bonds | 0.10% | 1.39% | 0.10% |
Showing the top 250 of 316 shared holdings by overlap weight.
Frequently Asked Questions
How much do BND and FLCB overlap?
BND and FLCB overlap by 7.5% of portfolio weight. They share 316 holdings (BND holds 17360 positions and FLCB holds 523), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BND and FLCB?
The two portfolios are 7.5% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of BND and FLCB?
The largest positions held by both funds are U.S. Treasury Notes, U.S. Treasury Notes, U.S. Treasury Bonds, U.S. Treasury Notes and U.S. Treasury Notes. Together the top 10 shared positions account for 30% of the total overlap.
What does BND own that FLCB doesn't?
17044 positions (90.7% 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, 207 positions (32.9% of FLCB) are unique to FLCB.