BND vs SCHO: Holdings Overlap
BNDVanguard Total Bond Market Index Fund
Vanguard · 17360 holdings · $161.4B · as of 2026-03-31
SCHOSchwab Short-Term U.S. Treasury ETF
Schwab · 96 holdings · $12.9B · as of 2026-03-31
How similar are BND and SCHO?
Vanguard Total Bond Market Index Fund (BND, by Vanguard) holds 17360 positions; Schwab Short-Term U.S. Treasury ETF (SCHO, by Schwab) holds 96. They have 94 holdings in common, and by portfolio weight the two funds are 16.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 16.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 94BND holds 17360 · SCHO holds 96
- Weight in Shared Holdings
- BND 17%·SCHO 98%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
17266 of 17360 positions (81.9% of the fund) are not held by SCHO. Showing the top 30 by weight.
- U.S. Treasury Notes0.42%
- U.S. Treasury Notes0.42%
- U.S. Treasury Notes0.41%
- U.S. Treasury Notes0.41%
- U.S. Treasury Notes0.40%
- U.S. Treasury Notes0.39%
Only in SCHO
2 of 96 positions (1.3% of the fund) are not held by BND.
- U.S. Treasury Notes1.15%
- U.S. Treasury Bonds0.16%
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% |
| SCHO | +0.3% | +1.0% | +2.8% | +4.3% | +1.9% | +1.8% | 3.87% |
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 SCHO →
Shared Holdings(94)
The top 10 shared positions account for 18% of the overlap, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes.
| U.S. Treasury Notes | 0.48% | 2.22% | 0.48% |
|---|---|---|---|
| U.S. Treasury Notes | 0.42% | 1.37% | 0.42% |
| U.S. Treasury Notes | 0.31% | 1.38% | 0.31% |
| U.S. Treasury Notes | 0.29% | 1.38% | 0.29% |
| U.S. Treasury Notes | 0.27% | 1.17% | 0.27% |
| U.S. Treasury Notes | 0.26% | 1.18% | 0.26% |
| U.S. Treasury Notes | 0.24% | 1.16% | 0.24% |
| U.S. Treasury Notes | 0.23% | 1.16% | 0.23% |
| U.S. Treasury Notes | 0.23% | 1.38% | 0.23% |
| U.S. Treasury Notes | 0.23% | 1.16% | 0.23% |
| U.S. Treasury Notes | 0.22% | 0.83% | 0.22% |
| U.S. Treasury Notes | 0.22% | 1.29% | 0.22% |
| U.S. Treasury Notes | 0.22% | 1.15% | 0.22% |
| U.S. Treasury Notes | 0.22% | 1.15% | 0.22% |
| U.S. Treasury Notes | 0.22% | 0.90% | 0.22% |
| U.S. Treasury Notes | 0.21% | 1.16% | 0.21% |
| U.S. Treasury Notes | 0.21% | 1.15% | 0.21% |
| U.S. Treasury Notes | 0.21% | 1.17% | 0.21% |
| U.S. Treasury Notes | 0.21% | 1.37% | 0.21% |
| U.S. Treasury Notes | 0.21% | 1.22% | 0.21% |
| U.S. Treasury Notes | 0.21% | 1.22% | 0.21% |
| U.S. Treasury Notes | 0.21% | 1.17% | 0.21% |
| U.S. Treasury Notes | 0.21% | 1.11% | 0.21% |
| U.S. Treasury Notes | 0.21% | 0.91% | 0.21% |
| U.S. Treasury Notes | 0.21% | 1.16% | 0.21% |
Frequently Asked Questions
How much do BND and SCHO overlap?
BND and SCHO overlap by 16.8% of portfolio weight. They share 94 holdings (BND holds 17360 positions and SCHO holds 96), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BND and SCHO?
The two portfolios are 16.8% 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 SCHO?
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 18% of the total overlap.
What does BND own that SCHO doesn't?
17266 positions (81.9% 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, 2 positions (1.3% of SCHO) are unique to SCHO.