USHY vs FBND overlap
USHY and FBND overlap 3.8% by weight, across 551 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (USHY: July 31, 2026, FBND: 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 | USHY | FBND | Overlap |
|---|---|---|---|
| Centene Corp. | 0.13% | 0.11% | 0.11% |
| Centene Corp. | 0.21% | 0.07% | 0.07% |
| Celanese US HLDSCE | 0.07% | 0.08% | 0.07% |
| Centene Corp. 2.45% 07/15/2028 | 0.07% | 0.03% | 0.03% |
| MPT OPER Partnership LP/Corp. 5% 10/15/2027MPW | 0.09% | 0.03% | 0.03% |
| Asurion LLC/CoASUCOR | 0.21% | 0.03% | 0.03% |
| Artera ServicesPOWBUY | 0.04% | 0.03% | 0.03% |
| PR RNO PropertyTRACTD | 0.28% | 0.03% | 0.03% |
| Coreweave Inc.CRWV | 0.12% | 0.02% | 0.02% |
| APLD ComputAPLD | 0.19% | 0.02% | 0.02% |
| PG&E Corp.PCG | 0.07% | 0.02% | 0.02% |
| 1261229 BC Ltd.BHCCN | 0.47% | 0.02% | 0.02% |
| Altice France | 0.13% | 0.02% | 0.02% |
| Whirlpool Corp.WHR | 0.04% | 0.02% | 0.02% |
| Meridian ARC HOLMERIDI | 0.39% | 0.02% | 0.02% |
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: USHY, SEC Form N-PORT, July 31, 2026; FBND, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | USHY | FBND |
|---|---|---|
| Northwestern Mutual Wealth Management Co | $22.8M | $4.6B |
| Jones Financial Companies LLLP | $3.8B | $48.5M |
| Wells Fargo & Company | $2.7B | $96.8M |
| Morgan Stanley | $604.1M | $1.7B |
| BlackRock, Inc. | $1.6B | $33 |
| Bank of America Corp. | $804.3M | $716.0M |
| UBS Group AG | $963.5M | $307.1M |
| Raymond James Financial Inc. | $758.2M | $410.2M |
| FMR LLC | $358.5M | $696.3M |
| JPMorgan Chase & Co | $174.7M | $638.6M |
| LPL Financial LLC | $204.4M | $593.4M |
| Envestnet Asset Management Inc. | $239.1M | $366.6M |
| Dynasty Wealth Management, LLC | $1.0M | $499.0M |
| Royal Bank of Canada | $269.9M | $200.0M |
| Modern Wealth Management, LLC | $7.3M | $368.9M |
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: USHY institutional holders, FBND institutional holders.
Frequently asked questions
How much do USHY and FBND overlap?
3.8% by weight, with 551 holdings in common, using holdings for USHY as of July 31, 2026 and FBND as of May 31, 2026. The largest shared position is CENTENE CORP.
Do institutions hold both USHY and FBND?
261 Form 13F filers report positions in both, out of 1,200 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%.