VTEB vs BND: Holdings Overlap
VTEBVanguard Tax-exempt Bond Index Fund
Vanguard · 10185 holdings · $45.7B · as of 2026-04-30
BNDVanguard Total Bond Market Index Fund
Vanguard · 17360 holdings · $161.4B · as of 2026-03-31
Holdings snapshots are 30 days apart (VTEB: 2026-04-30, BND: 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 VTEB and BND?
Vanguard Tax-exempt Bond Index Fund (VTEB, by Vanguard) holds 10185 positions; Vanguard Total Bond Market Index Fund (BND, by Vanguard) holds 17360. They have 0 holdings in common, and by portfolio weight the two funds are 0.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 0VTEB holds 10185 · BND holds 17360
- Weight in Shared Holdings
- VTEB 0%·BND 0%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 VTEB
10185 of 10185 positions (98.5% of the fund) are not held by BND. Showing the top 30 by weight.
- University of California, Series 2025CD0.12%
- TRIBOROUGH BRIDGE-A-10.11%
- COLORADO ST-B-TRANS0.11%
- State of California, Series 20070.11%
- NYC TRANSITIONAL-A-10.09%
- Dallas Independent School District, Series 2026B0.09%
Only in BND
17360 of 17360 positions (98.7% of the fund) are not held by VTEB. Showing the top 30 by weight.
- U.S. Treasury Notes0.48%
- U.S. Treasury Notes0.42%
- U.S. Treasury Notes0.42%
- U.S. Treasury Notes0.42%
- U.S. Treasury Notes0.41%
- U.S. Treasury Notes0.41%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VTEB | -0.9% | +1.0% | +5.5% | +3.5% | +0.7% | +1.9% | 3.41% |
| BND | -0.3% | +0.0% | +2.4% | +4.2% | -0.2% | +1.5% | 4.03% |
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 VTEB vs BND →
Shared Holdings(0)
These two funds have no holdings in common.
Frequently Asked Questions
How much do VTEB and BND overlap?
VTEB and BND overlap by 0.0% of portfolio weight. They share 0 holdings (VTEB holds 10185 positions and BND holds 17360), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VTEB and BND?
The two portfolios are 0.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What does VTEB own that BND doesn't?
10185 positions (98.5% of VTEB) are unique to VTEB, led by University of California, Series 2025CD, TRIBOROUGH BRIDGE-A-1 and COLORADO ST-B-TRANS. In the other direction, 17360 positions (98.7% of BND) are unique to BND.