SHY vs FBND overlap

SHY and FBND overlap 0.3% by weight, across 5 shared holdings.

SHYFBND

Pick 2 to 4 ETFs.

0.3%

overlap by weight, across 5 shared holdings

SHY5.0% of the fund is in shared holdings, of 89

FBND0.3% of the fund is in shared holdings, of 4,467

Top shared holdings

Holding	SHY	FBND	Overlap
US Treasury N/BT	0.96%	0.20%	0.20%
UST Notes 3.875% 04/15/2029	0.99%	0.08%	0.08%
US Treasury N/B	1.07%	0.06%	0.06%
UST Notes 4.625% 09/30/2028	1.06%	0.01%	0.01%
UST Notes 3.375% 09/15/2028	0.89%	0.01%	0.01%

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: SHY, SEC Form N-PORT, May 31, 2026; FBND, SEC Form N-PORT, May 31, 2026.

357

institutions report holding both, of 1,642 holding any

SHY77.2% of its 13F dollars, 29.5% of its 1,210 holders

FBND74.6% of its 13F dollars, 45.3% of its 789 holders

Largest institutions holding both

Firm	SHY	FBND
Northwestern Mutual Wealth Management Co	$115.0M	$4.6B
Morgan Stanley	$2.0B	$1.7B
Bank of America Corp.	$1.4B	$716.0M
Captrust Financial Advisors	$1.7B	$2.8M
FMR LLC	$944.8M	$696.3M
JPMorgan Chase & Co	$741.8M	$638.6M
LPL Financial LLC	$449.7M	$593.4M
BlackRock, Inc.	$1.0B	$33
Raymond James Financial Inc.	$413.8M	$410.2M
UBS Group AG	$386.8M	$307.1M
Envestnet Asset Management Inc.	$274.7M	$366.6M
Wells Fargo & Company	$466.6M	$96.8M
Ameriprise Financial Inc.	$509.7M	$2.6M
Bank of New York Mellon Corp	$459.9M	$33.8M
Royal Bank of Canada	$286.2M	$200.0M

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: SHY institutional holders, FBND institutional holders.

Frequently asked questions

How much do SHY and FBND overlap?

0.3% by weight, with 5 holdings in common, using holdings for SHY as of May 31, 2026 and FBND as of May 31, 2026. The largest shared position is T.

Do institutions hold both SHY and FBND?

357 Form 13F filers report positions in both, out of 1,642 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%.