FBND vs GVI: Holdings Overlap
Fidelity · 4503 holdings · $27.3B · as of 2026-05-31
GVIiShares Intermediate Government/Credit Bond ETF
iShares · 6177 holdings · $3.8B · as of 2026-05-31
How similar are FBND and GVI?
Fidelity Total Bond ETF (FBND, by Fidelity) holds 4503 positions; iShares Intermediate Government/Credit Bond ETF (GVI, by iShares) holds 6177. They have 393 holdings in common, and by portfolio weight the two funds are 14.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 14.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 393FBND holds 4503 · GVI holds 6177
- Weight in Shared Holdings
- FBND 42%·GVI 22%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
4110 of 4503 positions (63.3% of the fund) are not held by GVI. Showing the top 30 by weight.
- U.S. Treasury Bonds1.53%
- U.S. Treasury Bonds1.26%
- Uniform Mortgage-Backed Security, TBA1.19%
- Ginnie Mae1.14%
- U.S. Treasury Bonds1.12%
- U.S. Treasury Bonds1.04%
Only in GVI
5784 of 6177 positions (76.6% of the fund) are not held by FBND. Showing the top 30 by weight.
- U.S. Treasury Notes0.67%
- U.S. Treasury Notes0.61%
- U.S. Treasury Notes0.60%
- U.S. Treasury Notes0.59%
- U.S. Treasury Notes0.59%
- U.S. Treasury Notes0.56%
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% |
| GVI | +0.2% | +0.3% | +2.4% | +4.4% | +0.9% | +1.7% | 3.65% |
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 GVI →
Shared Holdings(393)
The top 10 shared positions account for 43% of the overlap, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes.
| U.S. Treasury Notes | 2.17% | 0.76% | 0.76% |
|---|---|---|---|
| U.S. Treasury Notes | 1.02% | 0.76% | 0.76% |
| U.S. Treasury Notes | 0.93% | 0.74% | 0.74% |
| U.S. Treasury Notes | 1.81% | 0.73% | 0.73% |
| U.S. Treasury Notes | 2.21% | 0.70% | 0.70% |
| U.S. Treasury Notes | 0.87% | 0.69% | 0.69% |
| U.S. Treasury Notes | 0.59% | 0.57% | 0.57% |
| U.S. Treasury Notes | 0.54% | 0.56% | 0.54% |
| U.S. Treasury Notes | 0.48% | 0.56% | 0.48% |
| U.S. Treasury Notes | 0.47% | 0.79% | 0.47% |
| U.S. Treasury Notes | 0.35% | 0.60% | 0.35% |
| U.S. Treasury Notes | 0.32% | 0.58% | 0.32% |
| U.S. Treasury Notes | 1.18% | 0.30% | 0.30% |
| U.S. Treasury Notes | 0.41% | 0.30% | 0.30% |
| U.S. Treasury Notes | 2.34% | 0.29% | 0.29% |
| U.S. Treasury Notes | 0.42% | 0.28% | 0.28% |
| U.S. Treasury Notes | 0.30% | 0.28% | 0.28% |
| U.S. Treasury Notes | 1.49% | 0.27% | 0.27% |
| U.S. Treasury Notes | 1.03% | 0.25% | 0.25% |
| U.S. Treasury Notes | 0.69% | 0.23% | 0.23% |
| U.S. Treasury Notes | 0.50% | 0.22% | 0.22% |
| U.S. Treasury Notes | 0.34% | 0.22% | 0.22% |
| U.S. Treasury Notes | 0.30% | 0.22% | 0.22% |
| U.S. Treasury Notes | 0.27% | 0.22% | 0.22% |
| U.S. Treasury Notes | 0.47% | 0.22% | 0.22% |
Showing the top 250 of 393 shared holdings by overlap weight.
Frequently Asked Questions
How much do FBND and GVI overlap?
FBND and GVI overlap by 14.9% of portfolio weight. They share 393 holdings (FBND holds 4503 positions and GVI holds 6177), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FBND and GVI?
The two portfolios are 14.9% 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 GVI?
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 Notes. Together the top 10 shared positions account for 43% of the total overlap.
What does FBND own that GVI doesn't?
4110 positions (63.3% of FBND) are unique to FBND, led by U.S. Treasury Bonds, U.S. Treasury Bonds and Uniform Mortgage-Backed Security, TBA. In the other direction, 5784 positions (76.6% of GVI) are unique to GVI.