FBND vs VGLT: Holdings Overlap
Fidelity · 4503 holdings · $27.3B · as of 2026-05-31
VGLTVanguard Long-term Treasury Index Fund
Vanguard · 97 holdings · $10.4B · as of 2026-05-31
How similar are FBND and VGLT?
Fidelity Total Bond ETF (FBND, by Fidelity) holds 4503 positions; Vanguard Long-term Treasury Index Fund (VGLT, by Vanguard) holds 97. They have 33 holdings in common, and by portfolio weight the two funds are 12.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 12.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 33FBND holds 4503 · VGLT holds 97
- Weight in Shared Holdings
- FBND 12%·VGLT 51%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
4470 of 4503 positions (93.4% of the fund) are not held by VGLT. 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 Notes1.49%
- U.S. Treasury Notes1.20%
Only in VGLT
64 of 97 positions (46.8% of the fund) are not held by FBND. Showing the top 30 by weight.
- U.S. Treasury Bonds1.54%
- U.S. Treasury Bonds1.53%
- U.S. Treasury Bonds1.51%
- U.S. Treasury Bonds1.41%
- U.S. Treasury Bonds1.40%
- U.S. Treasury Bonds1.40%
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% |
| VGLT | -1.5% | -2.3% | -0.6% | +0.5% | -6.7% | -1.7% | 4.76% |
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 VGLT →
Shared Holdings(33)
The top 10 shared positions account for 81% of the overlap, led by U.S. Treasury Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds.
| U.S. Treasury Bonds | 1.53% | 2.04% | 1.53% |
|---|---|---|---|
| U.S. Treasury Bonds | 1.26% | 2.13% | 1.26% |
| U.S. Treasury Bonds | 1.12% | 2.21% | 1.12% |
| U.S. Treasury Bonds | 1.04% | 2.21% | 1.04% |
| U.S. Treasury Bonds | 0.96% | 2.22% | 0.96% |
| U.S. Treasury Bonds | 0.84% | 1.64% | 0.84% |
| U.S. Treasury Bonds | 0.83% | 2.17% | 0.83% |
| U.S. Treasury Bonds | 0.82% | 2.17% | 0.82% |
| U.S. Treasury Bonds | 0.75% | 2.04% | 0.75% |
| U.S. Treasury Bonds | 0.60% | 1.50% | 0.60% |
| U.S. Treasury Bonds | 0.47% | 1.83% | 0.47% |
| U.S. Treasury Bonds | 0.39% | 2.17% | 0.39% |
| U.S. Treasury Bonds | 0.26% | 0.90% | 0.26% |
| U.S. Treasury Bonds | 0.15% | 1.35% | 0.15% |
| U.S. Treasury Bonds | 0.15% | 1.35% | 0.15% |
| U.S. Treasury Bonds | 0.15% | 1.33% | 0.15% |
| U.S. Treasury Bonds | 0.11% | 1.34% | 0.11% |
| U.S. Treasury Bonds | 0.10% | 1.04% | 0.10% |
| U.S. Treasury Bonds | 0.10% | 1.33% | 0.10% |
| U.S. Treasury Bonds | 0.07% | 1.25% | 0.07% |
| U.S. Treasury Bonds | 0.07% | 1.25% | 0.07% |
| U.S. Treasury Bonds | 0.06% | 2.14% | 0.06% |
| U.S. Treasury Bonds | 0.03% | 1.37% | 0.03% |
| U.S. Treasury Bonds | 0.03% | 1.35% | 0.03% |
| U.S. Treasury Bonds | 0.03% | 0.98% | 0.03% |
Frequently Asked Questions
How much do FBND and VGLT overlap?
FBND and VGLT overlap by 12.0% of portfolio weight. They share 33 holdings (FBND holds 4503 positions and VGLT holds 97), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FBND and VGLT?
The two portfolios are 12.0% 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 VGLT?
The largest positions held by both funds are U.S. Treasury Bonds, U.S. Treasury Bonds, U.S. Treasury Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds. Together the top 10 shared positions account for 81% of the total overlap.
What does FBND own that VGLT doesn't?
4470 positions (93.4% of FBND) are unique to FBND, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes. In the other direction, 64 positions (46.8% of VGLT) are unique to VGLT.