TLT vs FLCB: Holdings Overlap
TLTiShares 20+ Year Treasury Bond ETF
iShares · 46 holdings · $41.6B · as of 2026-05-31
FLCBFranklin U.S. Core Bond ETF
Franklin Templeton · 523 holdings · $3.0B · as of 2026-03-31
Holdings snapshots are 61 days apart (TLT: 2026-05-31, FLCB: 2026-03-31). 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 TLT and FLCB?
iShares 20+ Year Treasury Bond ETF (TLT, by iShares) holds 46 positions; Franklin U.S. Core Bond ETF (FLCB, by Franklin Templeton) holds 523. They have 16 holdings in common, and by portfolio weight the two funds are 7.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 16TLT holds 46 · FLCB holds 523
- Weight in Shared Holdings
- TLT 42%·FLCB 9%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 TLT
30 of 46 positions (56.2% of the fund) are not held by FLCB.
- U.S. Treasury Bonds4.50%
- U.S. Treasury Bonds4.46%
- U.S. Treasury Bonds4.40%
- U.S. Treasury Bonds3.95%
- U.S. Treasury Bonds3.94%
- U.S. Treasury Bonds3.80%
Only in FLCB
507 of 523 positions (91.0% of the fund) are not held by TLT. 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%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| TLT | -1.7% | -2.5% | -1.3% | -0.6% | -7.8% | -2.3% | 4.72% |
| FLCB | -0.2% | +0.1% | +2.6% | +4.3% | -0.3% | — | 4.38% |
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 TLT vs FLCB →
Shared Holdings(16)
The top 10 shared positions account for 89% of the overlap, led by U.S. Treasury Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds.
| U.S. Treasury Bonds | 2.55% | 1.39% | 1.39% |
|---|---|---|---|
| U.S. Treasury Bonds | 2.35% | 1.07% | 1.07% |
| U.S. Treasury Bonds | 2.90% | 1.05% | 1.05% |
| U.S. Treasury Bonds | 0.94% | 0.88% | 0.88% |
| U.S. Treasury Bonds | 1.86% | 0.55% | 0.55% |
| U.S. Treasury Bonds | 2.97% | 0.50% | 0.50% |
| U.S. Treasury Bonds | 4.58% | 0.48% | 0.48% |
| U.S. Treasury Bonds | 4.15% | 0.42% | 0.42% |
| U.S. Treasury Bonds | 4.03% | 0.38% | 0.38% |
| U.S. Treasury Bonds | 2.14% | 0.32% | 0.32% |
| U.S. Treasury Bonds | 3.86% | 0.28% | 0.28% |
| U.S. Treasury Bonds | 1.09% | 0.23% | 0.23% |
| U.S. Treasury Bonds | 1.78% | 0.18% | 0.18% |
| U.S. Treasury Bonds | 4.04% | 0.09% | 0.09% |
| U.S. Treasury Bonds | 2.73% | 0.04% | 0.04% |
| U.S. Treasury Bonds | 0.00% | 1.00% | 0.00% |
Frequently Asked Questions
How much do TLT and FLCB overlap?
TLT and FLCB overlap by 7.9% of portfolio weight. They share 16 holdings (TLT holds 46 positions and FLCB holds 523), based on each fund's latest SEC-reported holdings.
Is it redundant to own both TLT and FLCB?
The two portfolios are 7.9% 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 TLT and FLCB?
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 89% of the total overlap.
What does TLT own that FLCB doesn't?
30 positions (56.2% of TLT) are unique to TLT, led by U.S. Treasury Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds. In the other direction, 507 positions (91.0% of FLCB) are unique to FLCB.