BND vs LQD: Holdings Overlap
BNDVanguard Total Bond Market Index Fund
Vanguard · 17360 holdings · $161.4B · as of 2026-03-31
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF
iShares · 3135 holdings · $32.4B · as of 2026-05-31
Holdings snapshots are 61 days apart (BND: 2026-03-31, LQD: 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 LQD?
Vanguard Total Bond Market Index Fund (BND, by Vanguard) holds 17360 positions; iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD, by iShares) holds 3135. They have 2763 holdings in common, and by portfolio weight the two funds are 13.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 13.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 2763BND holds 17360 · LQD holds 3135
- Weight in Shared Holdings
- BND 13%·LQD 88%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
14597 of 17360 positions (85.6% of the fund) are not held by LQD. 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 LQD
372 of 3135 positions (10.3% of the fund) are not held by BND. Showing the top 30 by weight.
- Meta Platforms Inc0.11%
- JPMorgan Chase & Co0.11%
- Bank of America Corp0.11%
- Morgan Stanley0.10%
- Morgan Stanley0.10%
- Meta Platforms Inc0.10%
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% |
| LQD | -0.8% | -0.7% | +1.6% | +4.9% | -0.7% | +2.2% | 4.65% |
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 LQD →
Shared Holdings(2763)
The top 10 shared positions account for 3% of the overlap, led by T-Mobile USA, Inc., Morgan Stanley and Goldman Sachs Group, Inc. (The).
| T-Mobile USA, Inc. | 0.04% | 0.16% | 0.04% |
|---|---|---|---|
| Morgan Stanley | 0.04% | 0.06% | 0.04% |
| Goldman Sachs Group, Inc. (The) | 0.04% | 0.07% | 0.04% |
| Morgan Stanley Private Bank NA | 0.04% | 0.07% | 0.04% |
| PNC Financial Services Group, Inc. (The) | 0.04% | 0.04% | 0.04% |
| Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc | 0.03% | 0.20% | 0.03% |
| Boeing Co. (The) | 0.03% | 0.09% | 0.03% |
| JPMorgan Chase & Co. | 0.03% | 0.06% | 0.03% |
| Boeing Co. (The) | 0.03% | 0.14% | 0.03% |
| Goldman Sachs Group, Inc. (The) | 0.03% | 0.06% | 0.03% |
| Goldman Sachs Group, Inc. (The) | 0.03% | 0.04% | 0.03% |
| Bank of America Corp. | 0.03% | 0.11% | 0.03% |
| Citigroup, Inc. | 0.02% | 0.07% | 0.02% |
| Bank of America Corp. | 0.02% | 0.06% | 0.02% |
| CVS Health Corp. | 0.02% | 0.17% | 0.02% |
| Bank of America Corp. | 0.02% | 0.12% | 0.02% |
| AbbVie, Inc. | 0.02% | 0.13% | 0.02% |
| Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc | 0.02% | 0.12% | 0.02% |
| Morgan Stanley | 0.02% | 0.08% | 0.02% |
| Bank of America Corp. | 0.02% | 0.09% | 0.02% |
| Meta Platforms, Inc. | 0.02% | 0.15% | 0.02% |
| Apple, Inc. | 0.02% | 0.07% | 0.02% |
| Wells Fargo & Co. | 0.02% | 0.12% | 0.02% |
| JPMORGAN CHASE and CO 2.739%/VAR 10/15/2030 | 0.02% | 0.08% | 0.02% |
| Alphabet, Inc. | 0.02% | 0.11% | 0.02% |
Showing the top 250 of 2763 shared holdings by overlap weight.
Frequently Asked Questions
How much do BND and LQD overlap?
BND and LQD overlap by 13.1% of portfolio weight. They share 2763 holdings (BND holds 17360 positions and LQD holds 3135), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BND and LQD?
The two portfolios are 13.1% 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 LQD?
The largest positions held by both funds are T-Mobile USA, Inc., Morgan Stanley, Goldman Sachs Group, Inc. (The), Morgan Stanley Private Bank NA and PNC Financial Services Group, Inc. (The). Together the top 10 shared positions account for 3% of the total overlap.
What does BND own that LQD doesn't?
14597 positions (85.6% 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, 372 positions (10.3% of LQD) are unique to LQD.