BNDX vs VTV: 1% overlap
Vanguard Total International Bond ETF and Vanguard Value ETF share 1.1% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
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
BNDX and VTV hold 35 of the same securities. The ten contributing most to the overlap figure:
| Holding | in BNDX | in VTV | Δ |
|---|---|---|---|
| CASH | 1.3% | 0.4% | 0.9% |
| BAC | 0.1% | 1.4% | 1.3% |
| MS | 0.1% | 0.9% | 0.9% |
| JPM | 0.1% | 3.1% | 3.0% |
| Q | 0.0% | 0.1% | 0.0% |
| GS | 0.0% | 1.1% | 1.0% |
| CRH | 0.0% | 0.3% | 0.2% |
| MET | 0.0% | 0.2% | 0.1% |
| DLR | 0.0% | 0.2% | 0.2% |
| VZ | 0.0% | 0.6% | 0.6% |
Where BNDX and VTV 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 | BNDX | VTV | Δ |
|---|---|---|---|
| Unclassified | 88.4% | 0.5% | +87.9pp |
| Financials | 2.0% | 22.1% | −20.1pp |
| Health Care | 0.2% | 15.1% | −15.0pp |
| Industrials | 0.0% | 15.0% | −14.9pp |
| Information Technology | 0.1% | 14.1% | −13.9pp |
| Consumer Staples | 0.1% | 8.7% | −8.6pp |
| Energy | 0.7% | 6.8% | −6.2pp |
| Utilities | 0.2% | 4.8% | −4.6pp |
Δ is BNDX minus VTV, 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
98.0% of BNDX by weight, held in no part of VTV.
77.0% of VTV by weight, held in no part of BNDX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| BNDX | VTV | |
|---|---|---|
| Top 10 holdings | 24.4% | 23.6% |
| Positions held | 3,115 | 309 |
| Cost per $10,000 held, per year | $7 | $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 BNDX and VTV overlap?
BNDX and VTV overlap 1.1% by portfolio weight — largely distinct portfolios. They share 35 holdings. The figure comes from current issuer holdings files (BNDX as of 2026-06-30, VTV as of 2026-06-30).
How is the overlap between BNDX and VTV calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If BNDX holds a stock at 6% and VTV 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 BNDX and VTV?
That depends on your goals — we state facts, not advice. At 1.1% overlap, each fund still contributes meaningfully distinct exposure.
What does BNDX own that VTV doesn't?
BNDX holds 3,115 positions and VTV holds 309; 3,080 of BNDX's positions don't appear in VTV at all, and they are 98.0% of BNDX by weight.
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Related comparisons
Sources: issuer holdings files, BNDX as of 2026-06-30, VTV as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.