BND vs VWOB: Holdings Overlap
BNDVanguard Total Bond Market Index Fund
Vanguard · 17360 holdings · $161.4B · as of 2026-03-31
VWOBVanguard Emerging Markets Government Bond Index Fund
Vanguard · 914 holdings · $6.2B · as of 2026-04-30
Holdings snapshots are 30 days apart (BND: 2026-03-31, VWOB: 2026-04-30). 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 VWOB?
Vanguard Total Bond Market Index Fund (BND, by Vanguard) holds 17360 positions; Vanguard Emerging Markets Government Bond Index Fund (VWOB, by Vanguard) holds 914. They have 180 holdings in common, and by portfolio weight the two funds are 1.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 180BND holds 17360 · VWOB holds 914
- Weight in Shared Holdings
- BND 1%·VWOB 21%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
17180 of 17360 positions (97.4% of the fund) are not held by VWOB. 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 VWOB
734 of 914 positions (77.0% of the fund) are not held by BND. Showing the top 30 by weight.
- Argentina Republic Government International Bonds1.14%
- Argentina Republic Government International Bonds0.75%
- Argentina Republic Government International Bonds0.66%
- Petroleos Mexicanos0.56%
- Argentina Republic Government International Bonds0.54%
- Petroleos Mexicanos0.52%
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% |
| VWOB | -0.2% | +1.6% | +6.6% | +8.7% | +2.0% | +3.1% | 5.84% |
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 VWOB →
Shared Holdings(180)
The top 10 shared positions account for 27% of the overlap, led by U.S. Treasury Notes, Mexico Government International Bond and Mexico Government International Bond.
| U.S. Treasury Notes | 0.17% | 0.22% | 0.17% |
|---|---|---|---|
| Mexico Government International Bond | 0.02% | 0.29% | 0.02% |
| Mexico Government International Bond | 0.02% | 0.23% | 0.02% |
| Chile Government International Bonds | 0.02% | 0.14% | 0.02% |
| Mexico Government International Bond | 0.02% | 0.30% | 0.02% |
| Republic of Poland Government International Bonds | 0.01% | 0.22% | 0.01% |
| Mexico Government International Bonds | 0.01% | 0.32% | 0.01% |
| Mexico Government International Bonds | 0.01% | 0.29% | 0.01% |
| Peru Government International Bonds | 0.01% | 0.19% | 0.01% |
| Mexico Government International Bond | 0.01% | 0.29% | 0.01% |
| Mexico Government International Bonds | 0.01% | 0.22% | 0.01% |
| Republic of Poland Government International Bonds | 0.01% | 0.21% | 0.01% |
| Panama Government International Bonds | 0.01% | 0.20% | 0.01% |
| Republic of Poland Government International Bonds | 0.01% | 0.19% | 0.01% |
| Mexico Government International Bond | 0.01% | 0.18% | 0.01% |
| Republic of Poland Government International Bonds | 0.01% | 0.25% | 0.01% |
| Mexico Government International Bonds | 0.01% | 0.20% | 0.01% |
| Mexico Government International Bonds | 0.01% | 0.14% | 0.01% |
| Mexico Government International Bonds | 0.01% | 0.21% | 0.01% |
| Uruguay Government International Bonds | 0.01% | 0.27% | 0.01% |
| Mexico Government International Bonds | 0.01% | 0.12% | 0.01% |
| Mexico Government International Bonds | 0.01% | 0.21% | 0.01% |
| Hungary Government International Bonds | 0.01% | 0.15% | 0.01% |
| Peru Government International Bonds | 0.01% | 0.20% | 0.01% |
| Chile Government International Bonds | 0.01% | 0.13% | 0.01% |
Frequently Asked Questions
How much do BND and VWOB overlap?
BND and VWOB overlap by 1.1% of portfolio weight. They share 180 holdings (BND holds 17360 positions and VWOB holds 914), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BND and VWOB?
The two portfolios are 1.1% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of BND and VWOB?
The largest positions held by both funds are U.S. Treasury Notes, Mexico Government International Bond, Mexico Government International Bond, Chile Government International Bonds and Mexico Government International Bond. Together the top 10 shared positions account for 27% of the total overlap.
What does BND own that VWOB doesn't?
17180 positions (97.4% 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, 734 positions (77.0% of VWOB) are unique to VWOB.