BSV vs UCON: Holdings Overlap
BSVVanguard Short-term Bond Index Fund
Vanguard · 3156 holdings · $45.6B · as of 2026-03-31
UCONFirst Trust Smith Unconstrained Bond ETF
First Trust · 504 holdings · $3.3B · as of 2026-05-31
Holdings snapshots are 61 days apart (BSV: 2026-03-31, UCON: 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 BSV and UCON?
Vanguard Short-term Bond Index Fund (BSV, by Vanguard) holds 3156 positions; First Trust Smith Unconstrained Bond ETF (UCON, by First Trust) holds 504. They have 56 holdings in common, and by portfolio weight the two funds are 1.3% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 56BSV holds 3156 · UCON holds 504
- Weight in Shared Holdings
- BSV 2%·UCON 12%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 BSV
3100 of 3156 positions (96.2% of the fund) are not held by UCON. Showing the top 30 by weight.
- U.S. Treasury Notes1.16%
- U.S. Treasury Notes0.92%
- U.S. Treasury Notes0.91%
- U.S. Treasury Notes0.82%
- U.S. Treasury Notes0.80%
- U.S. Treasury Notes0.80%
Only in UCON
448 of 504 positions (86.7% of the fund) are not held by BSV. Showing the top 30 by weight.
- U.S. Treasury Bonds2.13%
- U.S. Treasury Bonds2.12%
- U.S. Treasury Notes1.69%
- U.S. Treasury Notes1.18%
- U.S. Treasury Notes/Bonds1.04%
- FN BM77550.96%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| BSV | +0.3% | +0.7% | +2.7% | +4.5% | +1.7% | +1.9% | 4.03% |
| UCON | -0.1% | +0.7% | +3.7% | +5.5% | +2.7% | — | 4.72% |
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 BSV vs UCON →
Shared Holdings(56)
The top 10 shared positions account for 67% of the overlap, led by U.S. Treasury Notes/Bonds, AerCap Ireland Capital DAC / AerCap Global Aviation Trust and Meta Platforms, Inc..
| U.S. Treasury Notes/Bonds | 0.59% | 2.33% | 0.59% |
|---|---|---|---|
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 0.06% | 0.05% | 0.05% |
| Meta Platforms, Inc. | 0.04% | 0.22% | 0.04% |
| Morgan Stanley | 0.04% | 0.05% | 0.04% |
| Wells Fargo & Co. | 0.04% | 0.28% | 0.04% |
| Oracle Corp. | 0.03% | 0.15% | 0.03% |
| Energy Transfer L.P. | 0.03% | 0.18% | 0.03% |
| Morgan Stanley | 0.03% | 0.16% | 0.03% |
| HCA, Inc. | 0.02% | 0.08% | 0.02% |
| Global Payments, Inc. | 0.02% | 0.25% | 0.02% |
| Goldman Sachs Group, Inc. (The) | 0.02% | 0.18% | 0.02% |
| Morgan Stanley | 0.02% | 0.04% | 0.02% |
| Pinnacle Financial Partners, Inc. | 0.02% | 0.32% | 0.02% |
| Synopsys, Inc. | 0.02% | 0.45% | 0.02% |
| Bank of America Corp. | 0.02% | 0.30% | 0.02% |
| Constellation Energy Generation LLC | 0.02% | 0.12% | 0.02% |
| Global Payments, Inc. | 0.02% | 0.18% | 0.02% |
| JPMorgan Chase & Co. | 0.01% | 0.15% | 0.01% |
| JPMorgan Chase & Co. | 0.01% | 0.08% | 0.01% |
| Entergy Corp. | 0.01% | 0.07% | 0.01% |
| MPLX 4.8 02/15/31 | 0.01% | 0.24% | 0.01% |
| General Motors Co. | 0.01% | 0.23% | 0.01% |
| JPMorgan Chase & Co. | 0.01% | 0.05% | 0.01% |
| Fiserv, Inc. | 0.01% | 0.14% | 0.01% |
| Dominion Energy, Inc. | 0.01% | 0.08% | 0.01% |
Frequently Asked Questions
How much do BSV and UCON overlap?
BSV and UCON overlap by 1.3% of portfolio weight. They share 56 holdings (BSV holds 3156 positions and UCON holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BSV and UCON?
The two portfolios are 1.3% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of BSV and UCON?
The largest positions held by both funds are U.S. Treasury Notes/Bonds, AerCap Ireland Capital DAC / AerCap Global Aviation Trust, Meta Platforms, Inc., Morgan Stanley and Wells Fargo & Co.. Together the top 10 shared positions account for 67% of the total overlap.
What does BSV own that UCON doesn't?
3100 positions (96.2% of BSV) are unique to BSV, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes. In the other direction, 448 positions (86.7% of UCON) are unique to UCON.