BND vs SHY: Holdings Overlap
BNDVanguard Total Bond Market Index Fund
Vanguard · 17360 holdings · $161.4B · as of 2026-03-31
SHYiShares 1-3 Year Treasury Bond ETF
iShares · 89 holdings · $25.2B · as of 2026-05-31
Holdings snapshots are 61 days apart (BND: 2026-03-31, SHY: 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 SHY?
Vanguard Total Bond Market Index Fund (BND, by Vanguard) holds 17360 positions; iShares 1-3 Year Treasury Bond ETF (SHY, by iShares) holds 89. They have 86 holdings in common, and by portfolio weight the two funds are 16.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 16.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 86BND holds 17360 · SHY holds 89
- Weight in Shared Holdings
- BND 16%·SHY 96%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
17274 of 17360 positions (82.7% of the fund) are not held by SHY. 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 SHY
3 of 89 positions (2.7% of the fund) are not held by BND.
- U.S. Treasury Notes0.99%
- U.S. Treasury Notes0.96%
- U.S. Treasury Notes0.71%
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% |
| SHY | +0.4% | +1.0% | +2.8% | +4.2% | +1.8% | +1.7% | 3.63% |
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 SHY →
Shared Holdings(86)
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% | 1.71% | 0.48% |
|---|---|---|---|
| U.S. Treasury Notes | 0.42% | 0.42% | 0.42% |
| U.S. Treasury Notes | 0.31% | 1.32% | 0.31% |
| U.S. Treasury Notes | 0.27% | 1.96% | 0.27% |
| U.S. Treasury Notes | 0.26% | 1.34% | 0.26% |
| U.S. Treasury Notes | 0.24% | 1.52% | 0.24% |
| U.S. Treasury Notes | 0.24% | 1.27% | 0.24% |
| U.S. Treasury Notes | 0.24% | 1.36% | 0.24% |
| U.S. Treasury Notes | 0.23% | 1.12% | 0.23% |
| U.S. Treasury Notes | 0.23% | 1.84% | 0.23% |
| U.S. Treasury Notes | 0.22% | 1.00% | 0.22% |
| U.S. Treasury Notes | 0.22% | 1.29% | 0.22% |
| U.S. Treasury Notes | 0.22% | 0.92% | 0.22% |
| U.S. Treasury Notes | 0.22% | 1.33% | 0.22% |
| U.S. Treasury Notes | 0.22% | 0.80% | 0.22% |
| U.S. Treasury Notes | 0.21% | 1.29% | 0.21% |
| U.S. Treasury Notes | 0.21% | 1.18% | 0.21% |
| U.S. Treasury Notes | 0.21% | 1.33% | 0.21% |
| U.S. Treasury Notes | 0.21% | 0.82% | 0.21% |
| U.S. Treasury Notes | 0.21% | 1.35% | 0.21% |
| U.S. Treasury Notes | 0.21% | 1.28% | 0.21% |
| U.S. Treasury Notes | 0.21% | 1.16% | 0.21% |
| U.S. Treasury Notes | 0.21% | 1.10% | 0.21% |
| U.S. Treasury Notes | 0.21% | 1.35% | 0.21% |
| U.S. Treasury Notes | 0.21% | 1.16% | 0.21% |
Frequently Asked Questions
How much do BND and SHY overlap?
BND and SHY overlap by 16.1% of portfolio weight. They share 86 holdings (BND holds 17360 positions and SHY holds 89), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BND and SHY?
The two portfolios are 16.1% 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 SHY?
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 SHY doesn't?
17274 positions (82.7% 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, 3 positions (2.7% of SHY) are unique to SHY.