VGSH vs FBND overlap
VGSH and FBND overlap 0.3% by weight, across 5 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | VGSH | FBND | Overlap |
|---|---|---|---|
| US Treasury N/BT | 1.16% | 0.20% | 0.20% |
| UST Notes 3.875% 04/15/2029 | 1.10% | 0.08% | 0.08% |
| US Treasury N/B | 1.10% | 0.06% | 0.06% |
| UST Notes 4.625% 09/30/2028 | 1.01% | 0.01% | 0.01% |
| UST Notes 3.375% 09/15/2028 | 1.17% | 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: VGSH, SEC Form N-PORT, May 31, 2026; FBND, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | VGSH | FBND |
|---|---|---|
| Northwestern Mutual Wealth Management Co | $52.1M | $4.6B |
| JPMorgan Chase & Co | $2.8B | $638.6M |
| Morgan Stanley | $1.6B | $1.7B |
| Bank of America Corp. | $692.3M | $716.0M |
| UBS Group AG | $545.1M | $307.1M |
| LPL Financial LLC | $238.8M | $593.4M |
| FMR LLC | $1.1M | $696.3M |
| Baird Financial Group, Inc. | $648.1M | $37.1M |
| Raymond James Financial Inc. | $193.7M | $410.2M |
| Envestnet Asset Management Inc. | $231.2M | $366.6M |
| Dynasty Wealth Management, LLC | $1.5M | $499.0M |
| Cetera Investment Advisers | $58.6M | $331.9M |
| Wells Fargo & Company | $288.6M | $96.8M |
| Osaic Holdings, Inc. | $123.5M | $249.9M |
| Modern Wealth Management, LLC | $2.1M | $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: VGSH institutional holders, FBND institutional holders.
Frequently asked questions
How much do VGSH and FBND overlap?
0.3% by weight, with 5 holdings in common, using holdings for VGSH as of May 31, 2026 and FBND as of May 31, 2026. The largest shared position is T.
Do institutions hold both VGSH and FBND?
336 Form 13F filers report positions in both, out of 1,544 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%.