VGLT vs FLCB: Holdings Overlap
VGLTVanguard Long-term Treasury Index Fund
Vanguard · 97 holdings · $10.4B · 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 (VGLT: 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 VGLT and FLCB?
Vanguard Long-term Treasury Index Fund (VGLT, by Vanguard) holds 97 positions; Franklin U.S. Core Bond ETF (FLCB, by Franklin Templeton) holds 523. They have 23 holdings in common, and by portfolio weight the two funds are 10.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 10.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 23VGLT holds 97 · FLCB holds 523
- Weight in Shared Holdings
- VGLT 27%·FLCB 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
74 of 97 positions (71.4% of the fund) are not held by FLCB. Showing the top 30 by weight.
- U.S. Treasury Bonds2.22%
- U.S. Treasury Bonds2.21%
- U.S. Treasury Bonds2.17%
- U.S. Treasury Bonds2.17%
- U.S. Treasury Bonds2.17%
- U.S. Treasury Bonds2.14%
Only in FLCB
500 of 523 positions (88.3% of the fund) are not held by VGLT. 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 |
|---|---|---|---|---|---|---|---|
| VGLT | -1.5% | -2.3% | -0.6% | +0.5% | -6.7% | -1.7% | 4.76% |
| 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 VGLT vs FLCB →
Shared Holdings(23)
The top 10 shared positions account for 72% of the overlap, led by U.S. Treasury Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds.
| U.S. Treasury Bonds | 1.08% | 1.39% | 1.08% |
|---|---|---|---|
| U.S. Treasury Bonds | 1.13% | 1.07% | 1.07% |
| U.S. Treasury Bonds | 2.21% | 1.05% | 1.05% |
| U.S. Treasury Bonds | 1.41% | 0.98% | 0.98% |
| U.S. Treasury Bonds | 0.93% | 0.88% | 0.88% |
| U.S. Treasury Bonds | 0.62% | 1.00% | 0.62% |
| U.S. Treasury Bonds | 0.90% | 0.55% | 0.55% |
| U.S. Treasury Bonds | 1.50% | 0.50% | 0.50% |
| U.S. Treasury Bonds | 1.83% | 0.48% | 0.48% |
| U.S. Treasury Bonds | 1.02% | 0.46% | 0.46% |
| U.S. Treasury Bonds | 1.40% | 0.42% | 0.42% |
| U.S. Treasury Bonds | 0.39% | 0.53% | 0.39% |
| U.S. Treasury Bonds | 2.04% | 0.38% | 0.38% |
| U.S. Treasury Bonds | 0.57% | 0.34% | 0.34% |
| U.S. Treasury Bonds | 0.98% | 0.32% | 0.32% |
| U.S. Treasury Bonds | 1.51% | 0.28% | 0.28% |
| U.S. Treasury Bonds | 0.69% | 0.23% | 0.23% |
| U.S. Treasury Bonds | 1.25% | 0.23% | 0.23% |
| U.S. Treasury Bonds | 0.71% | 0.18% | 0.18% |
| U.S. Treasury Bonds | 1.25% | 0.09% | 0.09% |
| U.S. Treasury Bonds | 0.73% | 0.07% | 0.07% |
| U.S. Treasury Bonds | 1.40% | 0.07% | 0.07% |
| U.S. Treasury Bonds | 1.36% | 0.04% | 0.04% |
Frequently Asked Questions
How much do VGLT and FLCB overlap?
VGLT and FLCB overlap by 10.7% of portfolio weight. They share 23 holdings (VGLT holds 97 positions and FLCB holds 523), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VGLT and FLCB?
The two portfolios are 10.7% 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 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 72% of the total overlap.
What does VGLT own that FLCB doesn't?
74 positions (71.4% 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, 500 positions (88.3% of FLCB) are unique to FLCB.