VCLT vs LQD: Holdings Overlap
VCLTVanguard Long-term Corporate Bond Index Fund
Vanguard · 2775 holdings · $8.9B · as of 2026-05-31
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF
iShares · 3135 holdings · $32.4B · as of 2026-05-31
How similar are VCLT and LQD?
Vanguard Long-term Corporate Bond Index Fund (VCLT, by Vanguard) holds 2775 positions; iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD, by iShares) holds 3135. They have 1241 holdings in common, and by portfolio weight the two funds are 32.3% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 32.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1241VCLT holds 2775 · LQD holds 3135
- Weight in Shared Holdings
- VCLT 70%·LQD 39%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 VCLT
1534 of 2775 positions (28.5% of the fund) are not held by LQD. Showing the top 30 by weight.
- US TREASURY N/B0.13%
- America Movil SAB de CV0.12%
- U.S. Treasury Notes0.11%
- Sumitomo Mitsui Financial Group, Inc.0.10%
- Vale Overseas Ltd.0.09%
- Cheniere Corpus Christi Holdings LLC0.09%
Only in LQD
1894 of 3135 positions (59.4% of the fund) are not held by VCLT. Showing the top 30 by weight.
- T-Mobile USA Inc0.16%
- Meta Platforms Inc0.16%
- Amazon.com Inc0.15%
- Bank of America Corp0.14%
- Bank of America Corp0.13%
- AbbVie Inc0.13%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VCLT | -1.6% | -1.5% | +0.6% | +4.1% | -3.1% | +1.7% | 5.64% |
| LQD | -0.8% | -0.7% | +1.6% | +4.9% | -0.7% | +2.2% | 4.65% |
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 VCLT vs LQD →
Shared Holdings(1241)
The top 10 shared positions account for 5% of the overlap, led by Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc, CVS Health Corp. and Pfizer Investment Enterprises Pte. Ltd..
| Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc | 0.37% | 0.20% | 0.20% |
|---|---|---|---|
| CVS Health Corp. | 0.33% | 0.17% | 0.17% |
| Pfizer Investment Enterprises Pte. Ltd. | 0.27% | 0.15% | 0.15% |
| Meta Platforms, Inc. | 0.28% | 0.15% | 0.15% |
| Goldman Sachs Group, Inc. (The) | 0.21% | 0.15% | 0.15% |
| Boeing Co. (The) | 0.27% | 0.14% | 0.14% |
| Amazon.com, Inc. | 0.26% | 0.14% | 0.14% |
| AT&T, Inc. | 0.23% | 0.13% | 0.13% |
| AT&T, Inc. | 0.23% | 0.13% | 0.13% |
| Oracle Corp. | 0.24% | 0.13% | 0.13% |
| Wells Fargo & Co. | 0.14% | 0.12% | 0.12% |
| CVS Health Corp. | 0.23% | 0.12% | 0.12% |
| Bank of America Corp. | 0.22% | 0.12% | 0.12% |
| Abbott Laboratories | 0.14% | 0.11% | 0.11% |
| AT and T INC 3.8% 12/01/2057 | 0.20% | 0.11% | 0.11% |
| AT&T, Inc. | 0.19% | 0.11% | 0.11% |
| Meta Platforms, Inc. | 0.20% | 0.10% | 0.10% |
| Microsoft Corp. | 0.17% | 0.10% | 0.10% |
| Amgen, Inc. | 0.16% | 0.10% | 0.10% |
| Anheuser-Busch InBev Worldwide, Inc. | 0.13% | 0.10% | 0.10% |
| Pfizer Investment Enterprises Pte. Ltd. | 0.16% | 0.10% | 0.10% |
| Meta Platforms, Inc. | 0.21% | 0.10% | 0.10% |
| Alphabet, Inc. | 0.17% | 0.10% | 0.10% |
| Salesforce, Inc. | 0.11% | 0.09% | 0.09% |
| Alphabet, Inc. | 0.20% | 0.09% | 0.09% |
Showing the top 250 of 1241 shared holdings by overlap weight.
Frequently Asked Questions
How much do VCLT and LQD overlap?
VCLT and LQD overlap by 32.3% of portfolio weight. They share 1241 holdings (VCLT holds 2775 positions and LQD holds 3135), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VCLT and LQD?
The two portfolios are 32.3% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of VCLT and LQD?
The largest positions held by both funds are Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc, CVS Health Corp., Pfizer Investment Enterprises Pte. Ltd., Meta Platforms, Inc. and Goldman Sachs Group, Inc. (The). Together the top 10 shared positions account for 5% of the total overlap.
What does VCLT own that LQD doesn't?
1534 positions (28.5% of VCLT) are unique to VCLT, led by US TREASURY N/B, America Movil SAB de CV and U.S. Treasury Notes. In the other direction, 1894 positions (59.4% of LQD) are unique to LQD.