BND vs SPHY: Holdings Overlap
BNDVanguard Total Bond Market Index Fund
Vanguard · 17360 holdings · $161.4B · as of 2026-03-31
SPHYState Street® SPDR® Portfolio High Yield Bond ETF
State Street (SPDR) · 1902 holdings · $11.6B · as of 2026-08-06
Holdings snapshots are 128 days apart (BND: 2026-03-31, SPHY: 2026-08-06). 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 SPHY?
Vanguard Total Bond Market Index Fund (BND, by Vanguard) holds 17360 positions; State Street® SPDR® Portfolio High Yield Bond ETF (SPHY, by State Street (SPDR)) holds 1902. They have 0 holdings in common, and by portfolio weight the two funds are 0.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 0BND holds 17360 · SPHY holds 1902
- Weight in Shared Holdings
- BND 0%·SPHY 0%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
17360 of 17360 positions (98.7% of the fund) are not held by SPHY. 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 SPHY
1902 of 1902 positions (114.5% of the fund) are not held by BND. Showing the top 30 by weight.
- 1261229 BC LTD SR SECURED 144A 04/32 100.41%
- Uniti Group Inc 8.25 10/01/20310.40%
- Meridian Arc Holdco LLC 6.25 04/30/20310.38%
- ECHOSTAR CORP SR SECURED 11/29 10.750.38%
- Transdigm 6.375 05/31/20330.35%
- CENTENE CORP SR UNSECURED 07/28 2.450.35%
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% |
| SPHY | +0.3% | +2.5% | +5.7% | +8.6% | +4.4% | +4.9% | 7.21% |
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 SPHY →
Shared Holdings(0)
These two funds have no holdings in common.
Frequently Asked Questions
How much do BND and SPHY overlap?
BND and SPHY overlap by 0.0% of portfolio weight. They share 0 holdings (BND holds 17360 positions and SPHY holds 1902), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BND and SPHY?
The two portfolios are 0.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What does BND own that SPHY doesn't?
17360 positions (98.7% 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, 1902 positions (114.5% of SPHY) are unique to SPHY.