FBND vs GOVT: Holdings Overlap
Fidelity · 4503 holdings · $27.3B · as of 2026-05-31
GOVTiShares U.S. Treasury Bond ETF
iShares · 223 holdings · $43.7B · as of 2026-04-30
Holdings snapshots are 31 days apart (FBND: 2026-05-31, GOVT: 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 FBND and GOVT?
Fidelity Total Bond ETF (FBND, by Fidelity) holds 4503 positions; iShares U.S. Treasury Bond ETF (GOVT, by iShares) holds 223. They have 62 holdings in common, and by portfolio weight the two funds are 16.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 16.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 62FBND holds 4503 · GOVT holds 223
- Weight in Shared Holdings
- FBND 32%·GOVT 28%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 FBND
4441 of 4503 positions (73.0% of the fund) are not held by GOVT. Showing the top 30 by weight.
- U.S. Treasury Notes2.34%
- Uniform Mortgage-Backed Security, TBA1.19%
- Ginnie Mae1.14%
- U.S. Treasury Notes1.02%
- Ginnie Mae0.89%
- UMBS 30YR 2% 07/01/2056 #TBA0.83%
Only in GOVT
161 of 223 positions (71.0% of the fund) are not held by FBND. Showing the top 30 by weight.
- U.S. Treasury Notes5.25%
- U.S. Treasury Notes2.92%
- U.S. Treasury Notes2.60%
- U.S. Treasury Notes2.06%
- U.S. Treasury Notes1.59%
- U.S. Treasury Bonds1.51%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FBND | -0.2% | +0.3% | +2.8% | +4.9% | +0.5% | +2.3% | 4.74% |
| GOVT | -0.2% | -0.3% | +1.6% | +3.3% | -0.8% | +0.7% | 3.64% |
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 FBND vs GOVT →
Shared Holdings(62)
The top 10 shared positions account for 40% of the overlap, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes.
| U.S. Treasury Notes | 1.81% | 0.93% | 0.93% |
|---|---|---|---|
| U.S. Treasury Notes | 2.17% | 0.81% | 0.81% |
| U.S. Treasury Notes | 1.02% | 0.78% | 0.78% |
| U.S. Treasury Notes | 0.93% | 0.61% | 0.61% |
| U.S. Treasury Bonds | 0.84% | 0.61% | 0.61% |
| U.S. Treasury Notes | 0.59% | 0.85% | 0.59% |
| U.S. Treasury Bonds | 0.82% | 0.55% | 0.55% |
| U.S. Treasury Notes | 0.54% | 0.76% | 0.54% |
| U.S. Treasury Bonds | 0.75% | 0.53% | 0.53% |
| U.S. Treasury Notes | 1.49% | 0.49% | 0.49% |
| U.S. Treasury Notes | 2.21% | 0.49% | 0.49% |
| U.S. Treasury Notes | 0.48% | 0.82% | 0.48% |
| U.S. Treasury Notes | 0.47% | 0.84% | 0.47% |
| U.S. Treasury Bonds | 1.12% | 0.47% | 0.47% |
| U.S. Treasury Bonds | 1.04% | 0.44% | 0.44% |
| U.S. Treasury Notes | 0.87% | 0.44% | 0.44% |
| U.S. Treasury Bonds | 1.26% | 0.44% | 0.44% |
| U.S. Treasury Notes | 0.50% | 0.41% | 0.41% |
| U.S. Treasury Bonds | 0.83% | 0.39% | 0.39% |
| U.S. Treasury Bonds | 0.39% | 0.60% | 0.39% |
| U.S. Treasury Notes | 0.35% | 0.48% | 0.35% |
| U.S. Treasury Bonds | 1.53% | 0.35% | 0.35% |
| U.S. Treasury Notes | 0.34% | 0.33% | 0.33% |
| U.S. Treasury Notes | 0.32% | 0.64% | 0.32% |
| U.S. Treasury Notes | 0.30% | 0.50% | 0.30% |
Frequently Asked Questions
How much do FBND and GOVT overlap?
FBND and GOVT overlap by 16.2% of portfolio weight. They share 62 holdings (FBND holds 4503 positions and GOVT holds 223), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FBND and GOVT?
The two portfolios are 16.2% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of FBND and GOVT?
The largest positions held by both funds are U.S. Treasury Notes, U.S. Treasury Notes, U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Bonds. Together the top 10 shared positions account for 40% of the total overlap.
What does FBND own that GOVT doesn't?
4441 positions (73.0% of FBND) are unique to FBND, led by U.S. Treasury Notes, Uniform Mortgage-Backed Security, TBA and Ginnie Mae. In the other direction, 161 positions (71.0% of GOVT) are unique to GOVT.