IEF vs FBND: Holdings Overlap
IEFiShares 7-10 Year Treasury Bond ETF
iShares · 15 holdings · $47.3B · as of 2026-05-31
Fidelity · 4503 holdings · $27.3B · as of 2026-05-31
How similar are IEF and FBND?
iShares 7-10 Year Treasury Bond ETF (IEF, by iShares) holds 15 positions; Fidelity Total Bond ETF (FBND, by Fidelity) holds 4503. 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
- 15IEF holds 15 · FBND holds 4503
- Weight in Shared Holdings
- IEF 98%·FBND 12%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 IEF
Every position in IEF is also held by FBND, so it brings nothing the other fund doesn’t already own.
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%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| IEF | -0.2% | -0.9% | +1.3% | +3.1% | -1.6% | +0.5% | 3.95% |
| FBND | -0.2% | +0.3% | +2.8% | +4.9% | +0.5% | +2.3% | 4.74% |
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 IEF vs FBND →
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 | 9.54% | 2.21% | 2.21% |
|---|---|---|---|
| U.S. Treasury Notes | 8.71% | 2.17% | 2.17% |
| U.S. Treasury Notes | 6.73% | 1.81% | 1.81% |
| U.S. Treasury Notes | 8.63% | 1.02% | 1.02% |
| U.S. Treasury Notes | 8.53% | 0.93% | 0.93% |
| U.S. Treasury Notes | 8.75% | 0.87% | 0.87% |
| U.S. Treasury Notes | 5.32% | 0.54% | 0.54% |
| U.S. Treasury Notes | 8.73% | 0.48% | 0.48% |
| U.S. Treasury Notes | 8.31% | 0.47% | 0.47% |
| U.S. Treasury Notes | 0.38% | 0.53% | 0.38% |
| U.S. Treasury Notes | 5.81% | 0.35% | 0.35% |
| U.S. Treasury Notes | 0.30% | 0.59% | 0.30% |
| U.S. Treasury Notes | 1.47% | 0.19% | 0.19% |
| U.S. Treasury Notes | 8.78% | 0.11% | 0.11% |
| U.S. Treasury Notes | 8.22% | 0.00% | 0.00% |
Frequently Asked Questions
How much do IEF and FBND overlap?
IEF and FBND overlap by 11.8% of portfolio weight. They share 15 holdings (IEF holds 15 positions and FBND holds 4503), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IEF and FBND?
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 IEF and FBND?
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 IEF own that FBND doesn't?
Nothing. Every position in IEF is also held by FBND. In the other direction, 4488 positions (93.1% of FBND) are unique to FBND.