UCON vs VCSH: Holdings Overlap
UCONFirst Trust Smith Unconstrained Bond ETF
First Trust · 504 holdings · $3.3B · as of 2026-05-31
VCSHVanguard Short-term Corporate Bond Index Fund
Vanguard · 3000 holdings · $45.0B · as of 2026-05-31
How similar are UCON and VCSH?
First Trust Smith Unconstrained Bond ETF (UCON, by First Trust) holds 504 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 3.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 73UCON holds 504 · VCSH holds 3000
- Weight in Shared Holdings
- UCON 13%·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 UCON
431 of 504 positions (85.5% of the fund) are not held by VCSH. Showing the top 30 by weight.
- U.S. Treasury Notes/Bonds2.33%
- U.S. Treasury Bonds2.13%
- U.S. Treasury Bonds2.12%
- U.S. Treasury Notes1.69%
- U.S. Treasury Notes1.18%
- U.S. Treasury Notes/Bonds1.04%
Only in VCSH
2927 of 3000 positions (93.8% of the fund) are not held by UCON. 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%
- T-Mobile USA, Inc.0.19%
- Boeing Co. (The)0.19%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| UCON | -0.1% | +0.7% | +3.7% | +5.5% | +2.7% | — | 4.72% |
| 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 UCON vs VCSH →
Shared Holdings(73)
The top 10 shared positions account for 37% of the overlap, led by JPMorgan Chase & Co., Oracle Corp. and Morgan Stanley.
| JPMorgan Chase & Co. | 0.15% | 0.18% | 0.15% |
|---|---|---|---|
| Oracle Corp. | 0.15% | 0.16% | 0.15% |
| Morgan Stanley | 0.25% | 0.15% | 0.15% |
| Goldman Sachs Group, Inc. (The) | 0.18% | 0.13% | 0.13% |
| Bank of America Corp. | 0.30% | 0.13% | 0.13% |
| Morgan Stanley | 0.16% | 0.13% | 0.13% |
| Meta Platforms, Inc. | 0.22% | 0.13% | 0.13% |
| Bank of America Corp. | 0.11% | 0.11% | 0.11% |
| Bank of America Corp. | 0.38% | 0.11% | 0.11% |
| JPMorgan Chase & Co. | 0.15% | 0.10% | 0.10% |
| Honeywell Aerospace, Inc. | 0.12% | 0.10% | 0.10% |
| Global Payments, Inc. | 0.25% | 0.09% | 0.09% |
| Fidelity National Information Services, Inc. | 0.12% | 0.09% | 0.09% |
| Meta Platforms Inc | 0.13% | 0.09% | 0.09% |
| HCA, Inc. | 0.08% | 0.11% | 0.08% |
| Eaton Corp. | 0.30% | 0.07% | 0.07% |
| Synopsys, Inc. | 0.45% | 0.07% | 0.07% |
| Ford Motor Credit Co. LLC | 0.31% | 0.07% | 0.07% |
| Dell International LLC / EMC Corp | 0.12% | 0.07% | 0.07% |
| Global Payments, Inc. | 0.18% | 0.06% | 0.06% |
| Entergy Corp. | 0.07% | 0.06% | 0.06% |
| Eaton Corp. | 0.09% | 0.06% | 0.06% |
| Energy Transfer L.P. | 0.18% | 0.06% | 0.06% |
| JPMorgan Chase & Co. | 0.05% | 0.05% | 0.05% |
| Morgan Stanley | 0.05% | 0.08% | 0.05% |
Frequently Asked Questions
How much do UCON and VCSH overlap?
UCON and VCSH overlap by 3.5% of portfolio weight. They share 73 holdings (UCON holds 504 positions and VCSH holds 3000), based on each fund's latest SEC-reported holdings.
Is it redundant to own both UCON and VCSH?
The two portfolios are 3.5% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of UCON and VCSH?
The largest positions held by both funds are JPMorgan Chase & Co., Oracle Corp., Morgan Stanley, Goldman Sachs Group, Inc. (The) and Bank of America Corp.. Together the top 10 shared positions account for 37% of the total overlap.
What does UCON own that VCSH doesn't?
431 positions (85.5% of UCON) are unique to UCON, led by U.S. Treasury Notes/Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds. In the other direction, 2927 positions (93.8% of VCSH) are unique to VCSH.