FBND vs IEF: Holdings Overlap
Fidelity · 4503 holdings · $27.3B · as of 2026-05-31
IEFiShares 7-10 Year Treasury Bond ETF
iShares · 15 holdings · $47.3B · as of 2026-05-31
How similar are FBND and IEF?
Fidelity Total Bond ETF (FBND, by Fidelity) holds 4503 positions; iShares 7-10 Year Treasury Bond ETF (IEF, by iShares) holds 15. They have 15 holdings in common, and by portfolio weight the two funds are 11.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 15FBND holds 4503 · IEF holds 15
- Weight in Shared Holdings
- FBND 12%·IEF 98%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
4488 of 4503 positions (93.1% of the fund) are not held by IEF. Showing the top 30 by weight.
- U.S. Treasury Notes2.34%
- U.S. Treasury Bonds1.53%
- U.S. Treasury Notes1.49%
- U.S. Treasury Bonds1.26%
- U.S. Treasury Notes1.20%
- Uniform Mortgage-Backed Security, TBA1.19%
Only in IEF
Every position in IEF is also held by FBND, so it brings nothing the other fund doesn’t already own.
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% |
| IEF | -0.2% | -0.9% | +1.3% | +3.1% | -1.6% | +0.5% | 3.95% |
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 IEF →
Shared Holdings(15)
The top 10 shared positions account for 92% of the overlap, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes.
| U.S. Treasury Notes | 2.21% | 9.54% | 2.21% |
|---|---|---|---|
| U.S. Treasury Notes | 2.17% | 8.71% | 2.17% |
| U.S. Treasury Notes | 1.81% | 6.73% | 1.81% |
| U.S. Treasury Notes | 1.02% | 8.63% | 1.02% |
| U.S. Treasury Notes | 0.93% | 8.53% | 0.93% |
| U.S. Treasury Notes | 0.87% | 8.75% | 0.87% |
| U.S. Treasury Notes | 0.54% | 5.32% | 0.54% |
| U.S. Treasury Notes | 0.48% | 8.73% | 0.48% |
| U.S. Treasury Notes | 0.47% | 8.31% | 0.47% |
| U.S. Treasury Notes | 0.53% | 0.38% | 0.38% |
| U.S. Treasury Notes | 0.35% | 5.81% | 0.35% |
| U.S. Treasury Notes | 0.59% | 0.30% | 0.30% |
| U.S. Treasury Notes | 0.19% | 1.47% | 0.19% |
| U.S. Treasury Notes | 0.11% | 8.78% | 0.11% |
| U.S. Treasury Notes | 0.00% | 8.22% | 0.00% |
Frequently Asked Questions
How much do FBND and IEF overlap?
FBND and IEF overlap by 11.8% of portfolio weight. They share 15 holdings (FBND holds 4503 positions and IEF holds 15), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FBND and IEF?
The two portfolios are 11.8% 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 IEF?
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 92% of the total overlap.
What does FBND own that IEF doesn't?
4488 positions (93.1% of FBND) are unique to FBND, led by U.S. Treasury Notes, U.S. Treasury Bonds and U.S. Treasury Notes. In the other direction, 0 positions (0.0% of IEF) are unique to IEF.