BND vs GVI: Holdings Overlap
BNDVanguard Total Bond Market Index Fund
Vanguard · 17360 holdings · $161.4B · as of 2026-03-31
GVIiShares Intermediate Government/Credit Bond ETF
iShares · 6177 holdings · $3.8B · as of 2026-05-31
Holdings snapshots are 61 days apart (BND: 2026-03-31, GVI: 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 BND and GVI?
Vanguard Total Bond Market Index Fund (BND, by Vanguard) holds 17360 positions; iShares Intermediate Government/Credit Bond ETF (GVI, by iShares) holds 6177. They have 5205 holdings in common, and by portfolio weight the two funds are 53.0% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 53.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 5205BND holds 17360 · GVI holds 6177
- Weight in Shared Holdings
- BND 55%·GVI 93%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
12155 of 17360 positions (43.3% of the fund) are not held by GVI. Showing the top 30 by weight.
- U.S. Treasury Notes0.32%
- U.S. Treasury Notes0.29%
- U.S. Treasury Bonds0.24%
- U.S. Treasury Bonds0.23%
- U.S. Treasury Notes0.23%
- U.S. Treasury Bonds0.22%
Only in GVI
972 of 6177 positions (6.3% of the fund) are not held by BND. Showing the top 30 by weight.
- U.S. Treasury Notes0.55%
- U.S. Treasury Notes0.29%
- U.S. Treasury Notes0.28%
- U.S. Treasury Notes0.26%
- U.S. Treasury Notes0.22%
- U.S. Treasury Notes0.20%
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% |
| GVI | +0.2% | +0.3% | +2.4% | +4.4% | +0.9% | +1.7% | 3.65% |
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 GVI →
Shared Holdings(5205)
The top 10 shared positions account for 8% of the overlap, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes.
| U.S. Treasury Notes | 0.48% | 0.61% | 0.48% |
|---|---|---|---|
| U.S. Treasury Notes | 0.42% | 0.79% | 0.42% |
| U.S. Treasury Notes | 0.42% | 0.76% | 0.42% |
| U.S. Treasury Notes | 0.42% | 0.45% | 0.42% |
| U.S. Treasury Notes | 0.41% | 0.69% | 0.41% |
| U.S. Treasury Notes | 0.41% | 0.73% | 0.41% |
| U.S. Treasury Notes | 0.40% | 0.77% | 0.40% |
| U.S. Treasury Notes | 0.39% | 0.56% | 0.39% |
| U.S. Treasury Notes | 0.39% | 0.76% | 0.39% |
| U.S. Treasury Notes | 0.36% | 0.76% | 0.36% |
| U.S. Treasury Notes | 0.36% | 0.60% | 0.36% |
| U.S. Treasury Notes | 0.36% | 0.58% | 0.36% |
| U.S. Treasury Notes | 0.35% | 0.52% | 0.35% |
| U.S. Treasury Notes | 0.35% | 0.63% | 0.35% |
| U.S. Treasury Notes | 0.35% | 0.59% | 0.35% |
| U.S. Treasury Notes | 0.34% | 0.59% | 0.34% |
| U.S. Treasury Notes | 0.33% | 0.51% | 0.33% |
| U.S. Treasury Notes | 0.32% | 0.41% | 0.32% |
| U.S. Treasury Notes | 0.32% | 0.57% | 0.32% |
| U.S. Treasury Notes | 0.32% | 0.56% | 0.32% |
| U.S. Treasury Notes | 0.32% | 0.54% | 0.32% |
| U.S. Treasury Notes | 0.32% | 0.52% | 0.32% |
| U.S. Treasury Notes | 0.31% | 0.60% | 0.31% |
| U.S. Treasury Notes | 0.31% | 0.35% | 0.31% |
| U.S. Treasury Notes | 0.27% | 0.28% | 0.27% |
Showing the top 250 of 5205 shared holdings by overlap weight.
Frequently Asked Questions
How much do BND and GVI overlap?
BND and GVI overlap by 53.0% of portfolio weight. They share 5205 holdings (BND holds 17360 positions and GVI holds 6177), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BND and GVI?
The two portfolios are 53.0% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of BND and GVI?
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 Notes. Together the top 10 shared positions account for 8% of the total overlap.
What does BND own that GVI doesn't?
12155 positions (43.3% of BND) are unique to BND, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Bonds. In the other direction, 972 positions (6.3% of GVI) are unique to GVI.