EMB vs FBND: Holdings Overlap
EMBiShares J.P. Morgan USD Emerging Markets Bond ETF
iShares · 675 holdings · $14.7B · as of 2026-04-30
Fidelity · 4503 holdings · $27.3B · as of 2026-05-31
Holdings snapshots are 31 days apart (EMB: 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 EMB and FBND?
iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB, by iShares) holds 675 positions; Fidelity Total Bond ETF (FBND, by Fidelity) holds 4503. They have 121 holdings in common, and by portfolio weight the two funds are 1.2% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 121EMB holds 675 · FBND holds 4503
- Weight in Shared Holdings
- EMB 21%·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 EMB
554 of 675 positions (76.8% of the fund) are not held by FBND. Showing the top 30 by weight.
- Ecuador Government International Bonds0.77%
- Ghana Government International Bonds0.52%
- Eagle Funding Luxco Sarl0.50%
- Oman Government International Bonds0.42%
- Ukraine Government International Bond0.37%
- Republic of Poland Government International Bonds0.36%
Only in FBND
4382 of 4503 positions (104.1% of the fund) are not held by EMB. 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 |
|---|---|---|---|---|---|---|---|
| EMB | -0.3% | +2.0% | +7.3% | +9.0% | +1.8% | +2.9% | 5.12% |
| 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 EMB vs FBND →
Shared Holdings(121)
The top 10 shared positions account for 64% of the overlap, led by Petroleos Mexicanos, Petroleos Mexicanos and Petroleos Mexicanos.
| Petroleos Mexicanos | 0.31% | 0.20% | 0.20% |
|---|---|---|---|
| Petroleos Mexicanos | 0.15% | 0.28% | 0.15% |
| Petroleos Mexicanos | 0.29% | 0.13% | 0.13% |
| Petroleos Mexicanos | 0.20% | 0.05% | 0.05% |
| Petroleos Mexicanos | 0.06% | 0.05% | 0.05% |
| Petroleos Mexicanos | 0.13% | 0.04% | 0.04% |
| Argentina Republic Government International Bonds | 0.71% | 0.03% | 0.03% |
| Argentina Republic Government International Bonds | 1.10% | 0.03% | 0.03% |
| Petroleos Mexicanos | 0.10% | 0.03% | 0.03% |
| Indonesia Government International Bonds | 0.08% | 0.03% | 0.03% |
| Petroleos Mexicanos | 0.11% | 0.02% | 0.02% |
| Argentina Republic Government International Bonds | 0.63% | 0.02% | 0.02% |
| Argentina Republic Government International Bonds | 0.52% | 0.01% | 0.01% |
| Chile Government International Bonds | 0.12% | 0.01% | 0.01% |
| Turkiye Government International Bonds | 0.14% | 0.01% | 0.01% |
| Turkiye Government International Bonds | 0.18% | 0.01% | 0.01% |
| Mexico Government International Bonds | 0.08% | 0.01% | 0.01% |
| Brazil Government International Bonds | 0.13% | 0.01% | 0.01% |
| Panama Government International Bond | 0.17% | 0.01% | 0.01% |
| Turkiye Government International Bonds | 0.22% | 0.01% | 0.01% |
| Colombia Government International Bonds | 0.22% | 0.01% | 0.01% |
| Romanian Government International Bond | 0.23% | 0.01% | 0.01% |
| Brazil Government International Bonds | 0.14% | 0.01% | 0.01% |
| Argentina Republic Government International Bonds | 0.11% | 0.01% | 0.01% |
| Mexico Government International Bonds | 0.17% | 0.01% | 0.01% |
Frequently Asked Questions
How much do EMB and FBND overlap?
EMB and FBND overlap by 1.2% of portfolio weight. They share 121 holdings (EMB holds 675 positions and FBND holds 4503), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EMB and FBND?
The two portfolios are 1.2% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of EMB and FBND?
The largest positions held by both funds are Petroleos Mexicanos, Petroleos Mexicanos, Petroleos Mexicanos, Petroleos Mexicanos and Petroleos Mexicanos. Together the top 10 shared positions account for 64% of the total overlap.
What does EMB own that FBND doesn't?
554 positions (76.8% of EMB) are unique to EMB, led by Ecuador Government International Bonds, Ghana Government International Bonds and Eagle Funding Luxco Sarl. In the other direction, 4382 positions (104.1% of FBND) are unique to FBND.