ETF Overlap Checker
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ETF Overlap Checker

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AGG vs BND Overlap

AGG is a fixed-income ETF from IShares, while BND is a fixed-income ETF from Vanguard. AGG and BND show heavy overlap, with an estimated weighted overlap of 64.86%. They share 9201 holdings in the loaded dataset, led by 91282CKQ3, 91282CPL9, and 91282CMM0.

64.9% overlap
#
9201Shared Holdings
OK
High Overlap

Freshly computed.

Quick Answer

AGG is a fixed-income ETF from IShares, while BND is a fixed-income ETF from Vanguard. AGG and BND show heavy overlap, with an estimated weighted overlap of 64.86%. They share 9201 holdings in the loaded dataset, led by 91282CKQ3, 91282CPL9, and 91282CMM0.

  • 64.86% weighted overlap across 9201 shared holdings.
  • The top three shared holdings explain 1.93% of the measured overlap.
  • AGG and BND are closer in breadth than a broad-vs-niche ETF pair.
  • The overlap is mostly explained by the top shared positions rather than sector labels alone.
  • Holding both may add less diversification than the fund names imply.

Data Freshness

AGG holdings
Jul 19, 2026
BND holdings
Jul 19, 2026
Overlap computed
Jul 19, 2026
Data source
Financial Modeling Prep

Review the methodology for the overlap formula and refresh policy.

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About These ETFs

ETF A

AGG

iShares Core U.S. Aggregate Bond ETF

Issuer
IShares
Asset class
Fixed Income
Expense ratio
0.03%
AUM
$139B
Inception
Sep 22, 2003

ETF B

BND

Vanguard Total Bond Market ETF

Issuer
Vanguard
Asset class
Core Investment Grade Bond
Expense ratio
0.03%
AUM
$398B
Inception
Apr 3, 2007

What Stands Out In This Comparison

01

What This Means

AGG is a fixed-income ETF from IShares, while BND is a fixed-income ETF from Vanguard. AGG and BND share a large chunk of the same portfolio weight. The overlap is driven by positions like 91282CKQ3, 91282CPL9, and 91282CMM0, so owning both may not diversify your stock exposure as much as the fund names suggest.

02

How They Differ

AGG is a fixed-income ETF from IShares, while BND is a fixed-income ETF from Vanguard. Neither fund clearly dominates on breadth, so the practical difference is more about weighting, index construction, and cost. AGG and BND are priced very similarly on expense ratio.

03

What Drives The Overlap

The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 1.93% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.

04

When One May Fit Better

Because AGG and BND are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. AGG and BND are priced very similarly on expense ratio.

Overlap Driver Snapshot

Concentration

The top three shared holdings explain 1.93% of the full overlap score.

That helps show whether the score comes from a handful of giant shared positions or from a broader mix of common holdings.

Shared Sector Tilt

Sector tags are not consistently available for the biggest shared positions in this dataset, so this comparison leans more on the specific holdings than on sector labels.

Top Shared Holdings

These are the holdings contributing the most to the overlap score between AGG and BND.

HoldingNameAGG Wt.BND Wt.Overlap
91282CKQ3United States Treasury0.42%0.42%0.42%
91282CPL9United States Treasury0.46%0.42%0.42%
91282CMM0United States Treasury0.42%0.41%0.41%
91282CLW9United States Treasury0.41%0.42%0.41%
91282CJZ5United States Treasury0.41%0.40%0.40%
91282CLF6United States Treasury0.40%0.41%0.40%
91282CJJ1United States Treasury0.41%0.39%0.39%
91282CNT4United States Treasury0.39%0.39%0.39%
91282CNC1United States Treasury0.39%0.36%0.36%
91282CGQ8United States Treasury0.40%0.35%0.35%

Why These ETFs Overlap

AGG is a fixed-income ETF from IShares, while BND is a fixed-income ETF from Vanguard. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are 91282CKQ3, 91282CPL9, and 91282CMM0, which appear in both portfolios and push the overlap score higher.

Holding both AGG and BND may add less diversification than you expect. Many investors would choose the ETF that best matches their goal and avoid paying for duplicate exposure.

Related Comparisons

AGG vs DGRO->BND vs DGRO->AGG vs DIA->BND vs DIA->

Frequently Asked Questions About AGG and BND

What is the overlap between AGG and BND?+
AGG and BND currently show an estimated weighted overlap of 64.86% based on the loaded holdings data.
How many holdings do AGG and BND share?+
They share 9201 holdings in the current dataset.
Is the AGG and BND overlap high?+
The current verdict is High Overlap. That means the two ETFs have substantial duplication in portfolio weight.
Why do AGG and BND overlap?+
AGG and BND overlap because the same large positions appear in both funds. In this comparison, the top three shared holdings explain 1.93% of the measured overlap score.
Which ETF is broader, AGG or BND?+
AGG and BND look closer in breadth than a broad-vs-niche pair, so the main difference is more about strategy and weighting than simple market coverage.

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How Overlap Is Calculated

A straightforward approach used by portfolio analysts.

Overlap = sum(min(Weight_A, Weight_B)) for each shared holding

For every stock that appears in both ETFs, we take the smaller of the two weights. Adding up all those minimums gives the total overlap percentage. A score of 100% means the two ETFs hold the exact same stocks in the same proportions.

Want the full explanation? Read the methodology page.

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