BND vs SCHZ: Holdings Overlap
BNDVanguard Total Bond Market Index Fund
Vanguard · 17360 holdings · $161.4B · as of 2026-03-31
SCHZSchwab U.S. Aggregate Bond ETF
Schwab · 12081 holdings · $10.5B · as of 2026-03-31
How similar are BND and SCHZ?
Vanguard Total Bond Market Index Fund (BND, by Vanguard) holds 17360 positions; Schwab U.S. Aggregate Bond ETF (SCHZ, by Schwab) holds 12081. They have 9094 holdings in common, and by portfolio weight the two funds are 69.9% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 69.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 9094BND holds 17360 · SCHZ holds 12081
- Weight in Shared Holdings
- BND 84%·SCHZ 84%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
8266 of 17360 positions (14.8% of the fund) are not held by SCHZ. Showing the top 30 by weight.
- U.S. Treasury Notes0.17%
- U.S. Treasury Notes0.10%
- Ginnie Mae0.08%
- FNCL 6 4/260.06%
- Government National Mortgage Association0.06%
- Uniform Mortgage-Backed Securities0.04%
Only in SCHZ
2987 of 12081 positions (14.2% of the fund) are not held by BND. Showing the top 30 by weight.
- U.S. Treasury Notes0.26%
- Fannie Mae Pool0.10%
- Freddie Mac Pool0.08%
- Fannie Mae Pool0.07%
- Freddie Mac Pool0.07%
- Fannie Mae Pool0.07%
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% |
| SCHZ | -0.2% | +0.1% | +2.5% | +4.2% | -0.2% | +1.4% | 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 SCHZ →
Shared Holdings(9094)
The top 10 shared positions account for 5% of the overlap, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes.
| U.S. Treasury Notes | 0.41% | 0.39% | 0.39% |
|---|---|---|---|
| U.S. Treasury Notes | 0.40% | 0.38% | 0.38% |
| U.S. Treasury Notes | 0.42% | 0.38% | 0.38% |
| U.S. Treasury Notes | 0.39% | 0.38% | 0.38% |
| U.S. Treasury Notes | 0.42% | 0.38% | 0.38% |
| U.S. Treasury Notes | 0.41% | 0.37% | 0.37% |
| U.S. Treasury Notes | 0.36% | 0.38% | 0.36% |
| U.S. Treasury Notes | 0.39% | 0.36% | 0.36% |
| U.S. Treasury Notes | 0.36% | 0.34% | 0.34% |
| U.S. Treasury Notes | 0.36% | 0.32% | 0.32% |
| U.S. Treasury Notes | 0.35% | 0.31% | 0.31% |
| U.S. Treasury Notes | 0.32% | 0.31% | 0.31% |
| U.S. Treasury Notes | 0.34% | 0.31% | 0.31% |
| U.S. Treasury Notes | 0.32% | 0.30% | 0.30% |
| U.S. Treasury Notes | 0.32% | 0.30% | 0.30% |
| U.S. Treasury Notes | 0.32% | 0.30% | 0.30% |
| U.S. Treasury Notes | 0.35% | 0.29% | 0.29% |
| U.S. Treasury Notes | 0.35% | 0.28% | 0.28% |
| U.S. Treasury Notes | 0.32% | 0.28% | 0.28% |
| U.S. Treasury Notes | 0.48% | 0.28% | 0.28% |
| U.S. Treasury Notes | 0.27% | 0.30% | 0.27% |
| U.S. Treasury Notes | 0.32% | 0.27% | 0.27% |
| U.S. Treasury Notes | 0.33% | 0.27% | 0.27% |
| U.S. Treasury Notes | 0.24% | 0.44% | 0.24% |
| U.S. Treasury Notes | 0.29% | 0.24% | 0.24% |
Showing the top 250 of 9094 shared holdings by overlap weight.
Frequently Asked Questions
How much do BND and SCHZ overlap?
BND and SCHZ overlap by 69.9% of portfolio weight. They share 9094 holdings (BND holds 17360 positions and SCHZ holds 12081), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BND and SCHZ?
The two portfolios are 69.9% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of BND and SCHZ?
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 5% of the total overlap.
What does BND own that SCHZ doesn't?
8266 positions (14.8% of BND) are unique to BND, led by U.S. Treasury Notes, U.S. Treasury Notes and Ginnie Mae. In the other direction, 2987 positions (14.2% of SCHZ) are unique to SCHZ.