BNDX vs FBND: Holdings Overlap
BNDXVanguard Total International Bond Index Fund
Vanguard · 6707 holdings · $83.0B · as of 2026-04-30
Fidelity · 4503 holdings · $27.3B · as of 2026-05-31
Holdings snapshots are 31 days apart (BNDX: 2026-04-30, FBND: 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 BNDX and FBND?
Vanguard Total International Bond Index Fund (BNDX, by Vanguard) holds 6707 positions; Fidelity Total Bond ETF (FBND, by Fidelity) holds 4503. They have 66 holdings in common, and by portfolio weight the two funds are 0.4% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 66BNDX holds 6707 · FBND holds 4503
- Weight in Shared Holdings
- BNDX 1%·FBND 1%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 BNDX
6641 of 6707 positions (97.8% of the fund) are not held by FBND. Showing the top 30 by weight.
- French Republic Government Bonds OAT0.40%
- French Republic Government Bonds OAT0.39%
- U.K. Gilts0.38%
- U.K. Gilts0.37%
- U.K. Gilts0.36%
- U.K. Gilts0.33%
Only in FBND
4437 of 4503 positions (104.9% of the fund) are not held by BNDX. Showing the top 30 by weight.
- U.S. Treasury Notes2.34%
- U.S. Treasury Notes2.21%
- U.S. Treasury Notes2.17%
- U.S. Treasury Notes1.81%
- U.S. Treasury Bonds1.53%
- U.S. Treasury Notes1.49%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| BNDX | +0.1% | +0.8% | +1.4% | +4.3% | +0.1% | +1.6% | 4.54% |
| FBND | -0.2% | +0.3% | +2.8% | +4.9% | +0.5% | +2.3% | 4.74% |
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 BNDX vs FBND →
Shared Holdings(66)
The top 10 shared positions account for 44% of the overlap, led by European Union, European Union and Canada Government Bonds.
| European Union | 0.09% | 0.03% | 0.03% |
|---|---|---|---|
| European Union | 0.03% | 0.08% | 0.03% |
| Canada Government Bonds | 0.09% | 0.03% | 0.03% |
| Romanian Government International Bonds | 0.03% | 0.01% | 0.01% |
| European Union | 0.09% | 0.01% | 0.01% |
| BAT International Finance PLC | 0.01% | 0.01% | 0.01% |
| Japan Government Ten Year Bonds | 0.03% | 0.01% | 0.01% |
| Danske Bank A/S | 0.01% | 0.01% | 0.01% |
| Volkswagen International Finance NV | 0.01% | 0.01% | 0.01% |
| AusNet Services Holdings Pty Ltd | 0.01% | 0.01% | 0.01% |
| Electricite de France SA | 0.01% | 0.01% | 0.01% |
| SW Finance I PLC | 0.01% | 0.01% | 0.01% |
| UBS GROUP AG 4.125%/VAR 06/09/2033 REGS | 0.02% | 0.01% | 0.01% |
| Canada Government Bonds | 0.04% | 0.01% | 0.01% |
| AMAZON.COM INC 3.7% 03/16/2035 | 0.01% | 0.01% | 0.01% |
| Veolia Environnement SA | 0.01% | 0.01% | 0.01% |
| UBS GROUP AG 4.75%/VAR 03/17/2032 REGS | 0.01% | 0.01% | 0.01% |
| EnBW International Finance BV | 0.01% | 0.01% | 0.01% |
| Barry Callebaut Services NV | 0.01% | 0.01% | 0.01% |
| BARCLAYS PLC 3.543%/VAR 08/14/2031 REGS | 0.01% | 0.01% | 0.01% |
| Imperial Brands Finance PLC | 0.01% | 0.02% | 0.01% |
| YORKSHIRE WATER FINANCE PLC 5.5% 04/28/2035 REGS | 0.01% | 0.01% | 0.01% |
| Lloyds Banking Group PLC | 0.01% | 0.01% | 0.01% |
| Engie SA | 0.01% | 0.01% | 0.01% |
| P3 Group Sarl | 0.00% | 0.01% | 0.00% |
Frequently Asked Questions
How much do BNDX and FBND overlap?
BNDX and FBND overlap by 0.4% of portfolio weight. They share 66 holdings (BNDX holds 6707 positions and FBND holds 4503), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BNDX and FBND?
The two portfolios are 0.4% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of BNDX and FBND?
The largest positions held by both funds are European Union, European Union, Canada Government Bonds, Romanian Government International Bonds and European Union. Together the top 10 shared positions account for 44% of the total overlap.
What does BNDX own that FBND doesn't?
6641 positions (97.8% of BNDX) are unique to BNDX, led by French Republic Government Bonds OAT, French Republic Government Bonds OAT and U.K. Gilts. In the other direction, 4437 positions (104.9% of FBND) are unique to FBND.