BND vs ICSH: Holdings Overlap
BNDVanguard Total Bond Market Index Fund
Vanguard · 17360 holdings · $161.4B · as of 2026-03-31
ICSHiShares Ultra Short Duration Bond Active ETF
iShares · 236 holdings · $8.4B · as of 2026-04-30
Holdings snapshots are 30 days apart (BND: 2026-03-31, ICSH: 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 ICSH?
Vanguard Total Bond Market Index Fund (BND, by Vanguard) holds 17360 positions; iShares Ultra Short Duration Bond Active ETF (ICSH, by iShares) holds 236. They have 43 holdings in common, and by portfolio weight the two funds are 0.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 43BND holds 17360 · ICSH holds 236
- Weight in Shared Holdings
- BND 1%·ICSH 11%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
17317 of 17360 positions (98.0% of the fund) are not held by ICSH. 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 ICSH
193 of 236 positions (41.1% of the fund) are not held by BND. Showing the top 30 by weight.
- Northwestern Mutual Global Funding0.79%
- Pacific Life Global Funding II0.75%
- New York Life Global Funding0.73%
- Honeywell Aerospace Inc0.73%
- Athene Global Funding0.71%
- MassMutual Global Funding II0.68%
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% |
| ICSH | +0.4% | +2.1% | +4.0% | +5.1% | +3.8% | +2.8% | 4.20% |
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 ICSH →
Shared Holdings(43)
The top 10 shared positions account for 89% of the overlap, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes.
| U.S. Treasury Notes | 0.31% | 0.34% | 0.31% |
|---|---|---|---|
| U.S. Treasury Notes | 0.15% | 0.41% | 0.15% |
| U.S. Treasury Notes | 0.10% | 0.48% | 0.10% |
| Bank of America Corp. | 0.03% | 0.11% | 0.03% |
| Amazon.com, Inc. | 0.01% | 0.16% | 0.01% |
| Morgan Stanley Private Bank NA | 0.01% | 0.73% | 0.01% |
| Goldman Sachs Group, Inc. (The) | 0.01% | 0.23% | 0.01% |
| Morgan Stanley Private Bank NA | 0.01% | 0.13% | 0.01% |
| Citigroup, Inc. | 0.01% | 0.14% | 0.01% |
| Lowe's Cos., Inc. | 0.01% | 0.44% | 0.01% |
| Morgan Stanley Bank NA | 0.00% | 0.20% | 0.00% |
| Amazon.com, Inc. | 0.00% | 0.49% | 0.00% |
| Truist Bank, Series I | 0.00% | 0.17% | 0.00% |
| Truist Bank | 0.00% | 0.50% | 0.00% |
| Eaton Corp. | 0.00% | 0.21% | 0.00% |
| Accenture Capital, Inc. | 0.00% | 0.13% | 0.00% |
| Cooperatieve Rabobank UA/NY | 0.00% | 0.37% | 0.00% |
| Commonwealth Bank of Australia/New York NY | 0.00% | 0.15% | 0.00% |
| NextEra Energy Capital Holdings, Inc. | 0.00% | 0.14% | 0.00% |
| Toyota Motor Credit Corp., Series B | 0.00% | 0.27% | 0.00% |
| WEC Energy Group, Inc. | 0.00% | 0.29% | 0.00% |
| UBS AG/Stamford CT | 0.00% | 0.24% | 0.00% |
| NextEra Energy Capital Holdings, Inc. | 0.00% | 0.14% | 0.00% |
| Commonwealth Bank of Australia/New York NY | 0.00% | 0.19% | 0.00% |
| Bank of New York Mellon Corp. (The) | 0.00% | 0.08% | 0.00% |
Frequently Asked Questions
How much do BND and ICSH overlap?
BND and ICSH overlap by 0.7% of portfolio weight. They share 43 holdings (BND holds 17360 positions and ICSH holds 236), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BND and ICSH?
The two portfolios are 0.7% 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 ICSH?
The largest positions held by both funds are U.S. Treasury Notes, U.S. Treasury Notes, U.S. Treasury Notes, Bank of America Corp. and Amazon.com, Inc.. Together the top 10 shared positions account for 89% of the total overlap.
What does BND own that ICSH doesn't?
17317 positions (98.0% 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, 193 positions (41.1% of ICSH) are unique to ICSH.