AVUV vs BND: 0% overlap
Avantis U.S. Small Cap Value ETF and Vanguard Total Bond Market ETF share 0.3% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published about 4 months apart — AVUV as of 2026-02-28, the rest through 2026-06-30. Each fund is compared using its most recent file, so any trading in between shows up as a difference.
You would hold two tickers and get the diversification of 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
AVUV and BND hold 1 of the same securities. The ten contributing most to the overlap figure:
| Holding | in AVUV | in BND | Δ |
|---|---|---|---|
| CASH | 0.3% | 1.1% | 0.8% |
Where AVUV and BND differ
Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.
| Sector | AVUV | BND | Δ |
|---|---|---|---|
| Treasuries | 0.0% | 48.2% | −48.2pp |
| MBS Pass-Through | 0.0% | 20.3% | −20.3pp |
| Industrials | 17.3% | 0.0% | +17.3pp |
| Consumer Discretionary | 16.9% | 0.0% | +16.9pp |
| Energy | 16.8% | 0.0% | +16.8pp |
| Financials | 24.1% | 7.9% | +16.2pp |
| Corporate — industrial & other | 0.0% | 14.6% | −14.6pp |
| Information Technology | 5.4% | 0.0% | +5.4pp |
Δ is AVUV minus BND, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.
What each fund holds alone
99.9% of AVUV by weight, held in no part of BND.
98.9% of BND by weight, held in no part of AVUV.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| AVUV | BND | |
|---|---|---|
| Top 10 holdings | 8.5% | 71.7% |
| Positions held | 774 | 2,047 |
| Cost per $10,000 held, per year | $25 | $3 |
Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.
Frequently asked
How much do AVUV and BND overlap?
AVUV and BND overlap 0.3% by portfolio weight — largely distinct portfolios. They share 1 holdings. The figure comes from current issuer holdings files (AVUV as of 2026-02-28, BND as of 2026-06-30).
How is the overlap between AVUV and BND calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If AVUV holds a stock at 6% and BND holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.
Is it redundant to hold both AVUV and BND?
That depends on your goals — we state facts, not advice. At 0.3% overlap, each fund still contributes meaningfully distinct exposure.
What does AVUV own that BND doesn't?
AVUV holds 774 positions and BND holds 2,047; 773 of AVUV's positions don't appear in BND at all, and they are 99.9% of AVUV by weight.
You probably hold more than two funds
This page compares AVUV and BND. Paste your whole portfolio — brokerage, 401(k), IRA — and see the overlap across every fund at once, plus what you actually own underneath them and your own Effective Funds number. Free, no account, nothing stored.
X-ray my portfolio — free →Watch AVUV vs BND
We re-read both funds’ published holdings every weeknight. Leave an address and we'll tell you when what's inside actually changes.
Not sending yet — email alerts are built but switched off, and you'll be among the first when they turn on. No spam, one-click unsubscribe.
Related comparisons
Sources: issuer holdings files, AVUV as of 2026-02-28, BND as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.