BNDX vs PZA: Holdings Overlap
BNDXVanguard Total International Bond Index Fund
Vanguard · 6707 holdings · $83.0B · as of 2026-04-30
PZAInvesco National AMT-Free Municipal Bond ETF
Invesco · 6664 holdings · $4.2B · as of 2026-05-31
Holdings snapshots are 31 days apart (BNDX: 2026-04-30, PZA: 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 PZA?
Vanguard Total International Bond Index Fund (BNDX, by Vanguard) holds 6707 positions; Invesco National AMT-Free Municipal Bond ETF (PZA, by Invesco) holds 6664. 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
- 0BNDX holds 6707 · PZA holds 6664
- Weight in Shared Holdings
- BNDX 0%·PZA 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 BNDX
6707 of 6707 positions (98.8% of the fund) are not held by PZA. 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 PZA
6664 of 6664 positions (95.8% of the fund) are not held by BNDX. Showing the top 30 by weight.
- California (State of) Health Facilities Financing Authority (Kaiser Permanente), Subseries 2017 A-2, RB0.13%
- New York (State of) Dormitory Authority, Series 2024 A, Ref. RB0.12%
- New York (State of) Dormitory Authority, Series 2020 D, Ref. RB0.11%
- Salt River Project Agricultural Improvement & Power District, Series 2025 C, RB0.10%
- Texas Water Development Board, Series 2025, RB0.10%
- Regents of the University of California Medical Center, Series 2022 P, RB0.10%
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% |
| PZA | -1.4% | +1.7% | +7.9% | +3.2% | -0.3% | +1.7% | 3.74% |
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 PZA →
Shared Holdings(0)
These two funds have no holdings in common.
Frequently Asked Questions
How much do BNDX and PZA overlap?
BNDX and PZA overlap by 0.0% of portfolio weight. They share 0 holdings (BNDX holds 6707 positions and PZA holds 6664), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BNDX and PZA?
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 BNDX own that PZA doesn't?
6707 positions (98.8% 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, 6664 positions (95.8% of PZA) are unique to PZA.