BND vs VCSH: Holdings Overlap
BNDVanguard Total Bond Market Index Fund
Vanguard · 17360 holdings · $161.4B · as of 2026-03-31
VCSHVanguard Short-term Corporate Bond Index Fund
Vanguard · 3000 holdings · $45.0B · as of 2026-05-31
Holdings snapshots are 61 days apart (BND: 2026-03-31, VCSH: 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 VCSH?
Vanguard Total Bond Market Index Fund (BND, by Vanguard) holds 17360 positions; Vanguard Short-term Corporate Bond Index Fund (VCSH, by Vanguard) holds 3000. They have 2556 holdings in common, and by portfolio weight the two funds are 9.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 2556BND holds 17360 · VCSH holds 3000
- Weight in Shared Holdings
- BND 9%·VCSH 86%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
14804 of 17360 positions (89.3% of the fund) are not held by VCSH. 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 VCSH
444 of 3000 positions (11.7% of the fund) are not held by BND. Showing the top 30 by weight.
- US TREASURY N/B0.83%
- JPMorgan Chase & Co.0.18%
- Goldman Sachs Group, Inc. (The)0.15%
- Morgan Stanley0.15%
- Goldman Sachs Group, Inc. (The)0.13%
- Bank of America Corp.0.13%
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% |
| VCSH | +0.3% | +1.2% | +3.4% | +5.5% | +2.4% | +2.7% | 4.46% |
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 VCSH →
Shared Holdings(2556)
The top 10 shared positions account for 3% of the overlap, led by T-Mobile USA, Inc., Morgan Stanley and Morgan Stanley Private Bank NA.
| T-Mobile USA, Inc. | 0.04% | 0.19% | 0.04% |
|---|---|---|---|
| Morgan Stanley | 0.04% | 0.06% | 0.04% |
| Morgan Stanley Private Bank NA | 0.04% | 0.12% | 0.04% |
| Boeing Co. (The) | 0.03% | 0.19% | 0.03% |
| JPMorgan Chase & Co. | 0.03% | 0.12% | 0.03% |
| Morgan Stanley | 0.03% | 0.12% | 0.03% |
| Bank of America Corp. | 0.03% | 0.23% | 0.03% |
| Goldman Sachs Group, Inc. (The) | 0.03% | 0.06% | 0.03% |
| Goldman Sachs Group, Inc. (The) | 0.03% | 0.06% | 0.03% |
| Bank of America Corp. | 0.03% | 0.16% | 0.03% |
| Bank of America Corp. | 0.02% | 0.14% | 0.02% |
| Bank of America Corp. | 0.02% | 0.14% | 0.02% |
| Cisco Systems, Inc. | 0.02% | 0.12% | 0.02% |
| AbbVie, Inc. | 0.02% | 0.21% | 0.02% |
| Goldman Sachs Group, Inc. (The) | 0.02% | 0.06% | 0.02% |
| Broadcom, Inc. | 0.02% | 0.08% | 0.02% |
| JPMORGAN CHASE and CO 2.739%/VAR 10/15/2030 | 0.02% | 0.14% | 0.02% |
| Fox Corp. | 0.02% | 0.10% | 0.02% |
| Morgan Stanley | 0.02% | 0.15% | 0.02% |
| Anheuser-Busch InBev Worldwide, Inc. | 0.02% | 0.12% | 0.02% |
| Goldman Sachs Group, Inc. (The) | 0.02% | 0.11% | 0.02% |
| Bank of America Corp. | 0.02% | 0.10% | 0.02% |
| Broadcom, Inc. | 0.02% | 0.07% | 0.02% |
| Oracle Corp. | 0.02% | 0.10% | 0.02% |
| Deutsche Telekom International Finance BV | 0.02% | 0.14% | 0.02% |
Showing the top 250 of 2556 shared holdings by overlap weight.
Frequently Asked Questions
How much do BND and VCSH overlap?
BND and VCSH overlap by 9.0% of portfolio weight. They share 2556 holdings (BND holds 17360 positions and VCSH holds 3000), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BND and VCSH?
The two portfolios are 9.0% 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 VCSH?
The largest positions held by both funds are T-Mobile USA, Inc., Morgan Stanley, Morgan Stanley Private Bank NA, Boeing Co. (The) and JPMorgan Chase & Co.. Together the top 10 shared positions account for 3% of the total overlap.
What does BND own that VCSH doesn't?
14804 positions (89.3% 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, 444 positions (11.7% of VCSH) are unique to VCSH.