VGLT vs FBND: Holdings Overlap
VGLTVanguard Long-term Treasury Index Fund
Vanguard · 97 holdings · $10.4B · as of 2026-05-31
Fidelity · 4503 holdings · $27.3B · as of 2026-05-31
How similar are VGLT and FBND?
Vanguard Long-term Treasury Index Fund (VGLT, by Vanguard) holds 97 positions; Fidelity Total Bond ETF (FBND, by Fidelity) holds 4503. They have 33 holdings in common, and by portfolio weight the two funds are 12.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 12.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 33VGLT holds 97 · FBND holds 4503
- Weight in Shared Holdings
- VGLT 51%·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 VGLT
64 of 97 positions (46.8% of the fund) are not held by FBND. Showing the top 30 by weight.
- U.S. Treasury Bonds1.54%
- U.S. Treasury Bonds1.53%
- U.S. Treasury Bonds1.51%
- U.S. Treasury Bonds1.41%
- U.S. Treasury Bonds1.40%
- U.S. Treasury Bonds1.40%
Only in FBND
4470 of 4503 positions (93.4% of the fund) are not held by VGLT. Showing the top 30 by weight.
- U.S. Treasury Notes2.34%
- U.S. Treasury Notes2.21%
- U.S. Treasury Notes2.17%
- U.S. Treasury Notes1.81%
- U.S. Treasury Notes1.49%
- U.S. Treasury Notes1.20%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VGLT | -1.5% | -2.3% | -0.6% | +0.5% | -6.7% | -1.7% | 4.76% |
| 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 VGLT vs FBND →
Shared Holdings(33)
The top 10 shared positions account for 81% of the overlap, led by U.S. Treasury Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds.
| U.S. Treasury Bonds | 2.04% | 1.53% | 1.53% |
|---|---|---|---|
| U.S. Treasury Bonds | 2.13% | 1.26% | 1.26% |
| U.S. Treasury Bonds | 2.21% | 1.12% | 1.12% |
| U.S. Treasury Bonds | 2.21% | 1.04% | 1.04% |
| U.S. Treasury Bonds | 2.22% | 0.96% | 0.96% |
| U.S. Treasury Bonds | 1.64% | 0.84% | 0.84% |
| U.S. Treasury Bonds | 2.17% | 0.83% | 0.83% |
| U.S. Treasury Bonds | 2.17% | 0.82% | 0.82% |
| U.S. Treasury Bonds | 2.04% | 0.75% | 0.75% |
| U.S. Treasury Bonds | 1.50% | 0.60% | 0.60% |
| U.S. Treasury Bonds | 1.83% | 0.47% | 0.47% |
| U.S. Treasury Bonds | 2.17% | 0.39% | 0.39% |
| U.S. Treasury Bonds | 0.90% | 0.26% | 0.26% |
| U.S. Treasury Bonds | 1.35% | 0.15% | 0.15% |
| U.S. Treasury Bonds | 1.35% | 0.15% | 0.15% |
| U.S. Treasury Bonds | 1.33% | 0.15% | 0.15% |
| U.S. Treasury Bonds | 1.34% | 0.11% | 0.11% |
| U.S. Treasury Bonds | 1.04% | 0.10% | 0.10% |
| U.S. Treasury Bonds | 1.33% | 0.10% | 0.10% |
| U.S. Treasury Bonds | 1.25% | 0.07% | 0.07% |
| U.S. Treasury Bonds | 1.25% | 0.07% | 0.07% |
| U.S. Treasury Bonds | 2.14% | 0.06% | 0.06% |
| U.S. Treasury Bonds | 1.37% | 0.03% | 0.03% |
| U.S. Treasury Bonds | 1.35% | 0.03% | 0.03% |
| U.S. Treasury Bonds | 0.98% | 0.03% | 0.03% |
Frequently Asked Questions
How much do VGLT and FBND overlap?
VGLT and FBND overlap by 12.0% of portfolio weight. They share 33 holdings (VGLT holds 97 positions and FBND holds 4503), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VGLT and FBND?
The two portfolios are 12.0% 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 VGLT and FBND?
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 81% of the total overlap.
What does VGLT own that FBND doesn't?
64 positions (46.8% of VGLT) are unique to VGLT, led by U.S. Treasury Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds. In the other direction, 4470 positions (93.4% of FBND) are unique to FBND.