GOVT vs AGG overlap
GOVT and AGG overlap 30.8% by weight, across 203 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (GOVT: July 31, 2026, AGG: May 31, 2026), so market moves and index changes between those dates lower the number. Funds tracking the same index can read well below their true overlap.
Top shared holdings
| Holding | GOVT | AGG | Overlap |
|---|---|---|---|
| US Treasury N/B | 0.44% | 0.42% | 0.42% |
| US Treasury N/B | 0.77% | 0.41% | 0.41% |
| US Treasury N/B | 0.94% | 0.41% | 0.41% |
| US Treasury N/B | 0.92% | 0.40% | 0.40% |
| US Treasury N/B | 0.82% | 0.40% | 0.40% |
| US Treasury N/BT | 0.62% | 0.39% | 0.39% |
| US Treasury N/BT | 0.80% | 0.39% | 0.39% |
| US Treasury N/B | 0.99% | 0.39% | 0.39% |
| US Treasury N/B | 0.61% | 0.39% | 0.39% |
| US Treasury N/B | 0.83% | 0.38% | 0.38% |
| US Treasury N/BT | 0.73% | 0.37% | 0.37% |
| US Treasury N/B | 0.48% | 0.35% | 0.35% |
| US Treasury N/BT | 0.52% | 0.33% | 0.33% |
| US Treasury N/B | 0.76% | 0.33% | 0.33% |
| US Treasury N/B | 5.28% | 0.32% | 0.32% |
Overlap by weight adds up the smaller weight of each holding the funds share, so 100% means identical portfolios. Long securities only: derivatives and cash vehicles are left out. Sources: GOVT, SEC Form N-PORT, July 31, 2026; AGG, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | GOVT | AGG |
|---|---|---|
| Bank of America Corp. | $11.1B | $6.6B |
| Jones Financial Companies LLLP | $9.5M | $10.9B |
| Raymond James Financial Inc. | $96.4M | $9.2B |
| Envestnet Asset Management Inc. | $3.8B | $4.3B |
| JPMorgan Chase & Co | $5.2B | $1.6B |
| BlackRock, Inc. | $548.9M | $6.1B |
| Wells Fargo & Company | $69.3M | $6.4B |
| LPL Financial LLC | $3.7B | $1.5B |
| Morgan Stanley | $1.0B | $3.5B |
| Mercer Global Advisors Inc. | $7.9M | $4.5B |
| US Bancorp | $30.7M | $3.9B |
| Truist Financial Corp. | $1.7B | $727.5M |
| PNC Financial Services Group, Inc. | $1.4B | $1.1B |
| Northern Trust Corp. | $141.3M | $2.3B |
| Wealth Enhancement Advisory Services, LLC | $580.2M | $1.6B |
This compares who owns the funds, not what the funds hold. From SEC Form 13F, for managers with $100M+ in US securities.
Who owns them: GOVT institutional holders, AGG institutional holders.
Frequently asked questions
How much do GOVT and AGG overlap?
30.8% by weight, with 203 holdings in common, using holdings for GOVT as of July 31, 2026 and AGG as of May 31, 2026. The largest shared position is US TREASURY N/B.
Do institutions hold both GOVT and AGG?
666 Form 13F filers report positions in both, out of 2,379 that report either one.
How is overlap by weight worked out?
For each holding the two funds share, take the smaller of the two weights, then add those up. Identical portfolios score 100%.