FLCB vs VCSH: Holdings Overlap
FLCBFranklin U.S. Core Bond ETF
Franklin Templeton · 523 holdings · $3.0B · as of 2026-03-31
VCSHVanguard Short-term Corporate Bond Index Fund
Vanguard · 3000 holdings · $45.0B · as of 2026-05-31
Holdings snapshots are 61 days apart (FLCB: 2026-03-31, VCSH: 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 FLCB and VCSH?
Franklin U.S. Core Bond ETF (FLCB, by Franklin Templeton) holds 523 positions; Vanguard Short-term Corporate Bond Index Fund (VCSH, by Vanguard) holds 3000. They have 73 holdings in common, and by portfolio weight the two funds are 3.4% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 73FLCB holds 523 · VCSH holds 3000
- Weight in Shared Holdings
- FLCB 10%·VCSH 4%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 FLCB
450 of 523 positions (90.2% of the fund) are not held by VCSH. Showing the top 30 by weight.
- T 1.25 12/31/266.01%
- U.S. Treasury Notes4.27%
- Uniform Mortgage-Backed Security, TBA2.38%
- U.S. Treasury Notes2.18%
- U.S. Treasury Notes2.07%
- U.S. Treasury Notes1.49%
Only in VCSH
2927 of 3000 positions (94.1% of the fund) are not held by FLCB. Showing the top 30 by weight.
- US TREASURY N/B0.83%
- Bank of America Corp.0.23%
- AbbVie, Inc.0.21%
- CVS Health Corp.0.20%
- Boeing Co. (The)0.19%
- WELLS FARGO and CO NEW 5.574%/VAR 07/25/20290.18%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FLCB | -0.2% | +0.1% | +2.6% | +4.3% | -0.3% | — | 4.38% |
| VCSH | +0.3% | +1.2% | +3.4% | +5.5% | +2.4% | +2.7% | 4.46% |
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 FLCB vs VCSH →
Shared Holdings(73)
The top 10 shared positions account for 30% of the overlap, led by Bank of America Corp., Wells Fargo & Co. and Morgan Stanley.
| Bank of America Corp. | 0.28% | 0.13% | 0.13% |
|---|---|---|---|
| Wells Fargo & Co. | 0.34% | 0.12% | 0.12% |
| Morgan Stanley | 0.14% | 0.11% | 0.11% |
| T-Mobile USA, Inc. | 0.10% | 0.19% | 0.10% |
| Oracle Corp. | 0.15% | 0.10% | 0.10% |
| Orange SA | 0.12% | 0.10% | 0.10% |
| Bank of America Corp. | 0.09% | 0.16% | 0.09% |
| Morgan Stanley | 0.18% | 0.09% | 0.09% |
| Mizuho Financial Group, Inc. | 0.10% | 0.09% | 0.09% |
| Bank of America Corp. | 0.09% | 0.09% | 0.09% |
| Goldman Sachs Group, Inc. (The) | 0.09% | 0.09% | 0.09% |
| JPMORGAN CHASE and CO 2.956%/VAR 05/13/2031 | 0.16% | 0.08% | 0.08% |
| Exelon Corp. | 0.15% | 0.08% | 0.08% |
| Citigroup, Inc. | 0.08% | 0.11% | 0.08% |
| Morgan Stanley | 0.07% | 0.15% | 0.07% |
| Capital One Financial Corp. | 0.32% | 0.07% | 0.07% |
| JPMorgan Chase & Co. | 0.32% | 0.07% | 0.07% |
| Fifth Third Bancorp | 0.10% | 0.07% | 0.07% |
| Verizon Communications, Inc. | 0.15% | 0.07% | 0.07% |
| Wells Fargo & Co. | 0.08% | 0.07% | 0.07% |
| JPMorgan Chase & Co. | 0.06% | 0.08% | 0.06% |
| Huntington Bancshares Inc/OH | 0.15% | 0.06% | 0.06% |
| Rogers Communications, Inc. | 0.14% | 0.06% | 0.06% |
| JPMorgan Chase & Co. | 0.06% | 0.12% | 0.06% |
| Morgan Stanley | 0.06% | 0.05% | 0.05% |
Frequently Asked Questions
How much do FLCB and VCSH overlap?
FLCB and VCSH overlap by 3.4% of portfolio weight. They share 73 holdings (FLCB holds 523 positions and VCSH holds 3000), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FLCB and VCSH?
The two portfolios are 3.4% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of FLCB and VCSH?
The largest positions held by both funds are Bank of America Corp., Wells Fargo & Co., Morgan Stanley, T-Mobile USA, Inc. and Oracle Corp.. Together the top 10 shared positions account for 30% of the total overlap.
What does FLCB own that VCSH doesn't?
450 positions (90.2% of FLCB) are unique to FLCB, led by T 1.25 12/31/26, U.S. Treasury Notes and Uniform Mortgage-Backed Security, TBA. In the other direction, 2927 positions (94.1% of VCSH) are unique to VCSH.