AGG vs BND Overlap Analysis

Comparing iShares Core U.S. Aggregate Bond ETF and Vanguard Total Bond Market ETF

Holdings Overlap
99.44%
Very High Overlap
Shared Holdings
10 of 10
Complete portfolio analysis
Calculation Method
Min Weight
Weighted intersection

Visual Overlap

AGG
BND
99.4%
AGG Only
Overlap
BND Only

⚔️Head-to-Head Comparison

1 - 3

🏆 BND wins this comparison

Key Factors

💰 Expense Ratio
AGG:0.03%
vs
BND:0.03%
🎯 Number of Holdings
AGG:11,234 holdings
vs
BND:11,520 holdings
📈 5-Year Return
AGG:+0.2%
vs
BND:+0.5%
Additional Metrics (5)
⚖️ Concentration Risk
AGG: 0.2% in top 10
BND: 0.2% in top 10
📊 Assets Under Management
AGG: $95B ✓
BND: $105B ✓
Sharpe Ratio
AGG: -0.15
BND: -0.12
📉 Volatility
AGG: 6.5%
BND: 6.2%
🔍 Uniqueness vs SPY
AGG: 100.0% unique
BND: 100.0% unique

Bottom line: BND wins with better number of holdings. Both have the same expense ratio, so cost isn't a differentiator. Consider BND for your portfolio, but AGG is still a solid choice if you prefer its specific advantages.

Shared Holdings (10 of 10 analyzed)

AGG & BND Intersection

SymbolNameAGGBNDMin
UST-10YUS Treasury 10Y0.04%0.04%0.04%
UST-5YUS Treasury 5Y0.03%0.03%0.03%
UST-2YUS Treasury 2Y0.03%0.03%0.03%
GNMA-30YGNMA 30Y MBS0.02%0.03%0.02%
FNMA-30YFNMA 30Y MBS0.02%0.02%0.02%
UST-7YUS Treasury 7Y0.02%0.02%0.02%
CORP-AAACorporate AAA Bonds0.02%0.02%0.02%
FHLMC-30YFreddie Mac 30Y MBS0.02%0.02%0.02%
UST-3YUS Treasury 3Y0.02%0.02%0.02%
CORP-AACorporate AA Bonds0.01%0.02%0.01%

Min Weight: The minimum weight between the two ETFs for each shared holding. This represents the true overlap contribution.

Data sourced from official fund providers. Showing top holdings for educational analysis.

Price Correlation

How We Calculate Overlap

We use the minimum weight method with normalization to calculate portfolio overlap:

Overlap = Σ min(weightA, weightB) for each shared holding

Normalization: Holdings weights are normalized to sum to 100% before comparison. This ensures accurate overlap calculations even when analyzing partial holdings data (e.g., top 50 positions).

Conservative approach: We consider only the smaller allocation for each shared position, giving you a realistic view of true portfolio overlap.

📊 This analysis is based on publicly available holdings data. For the most current and complete holdings information, please visit the official ETF provider websites.

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