BSV vs VBIAX: 11% overlap
Vanguard Short-Term Bond ETF and Vanguard Balanced Index Admiral share 10.8% 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 3 months apart — VBIAX as of 2026-03-31, 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 1.9. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
BSV and VBIAX hold 910 of the same securities. The ten contributing most to the overlap figure:
| Holding | in BSV | in VBIAX | Δ |
|---|---|---|---|
| CASH | 0.7% | 1.8% | 1.1% |
| 46647P | 0.7% | 0.2% | 0.5% |
| 06051G | 0.6% | 0.2% | 0.4% |
| AGENCY-MBS | 0.2% | 8.1% | 7.9% |
| 459058 | 0.6% | 0.1% | 0.5% |
| 68389X | 0.2% | 0.1% | 0.1% |
| 61747Y | 0.3% | 0.1% | 0.2% |
| 95000U | 0.4% | 0.1% | 0.2% |
| 298785 | 0.6% | 0.1% | 0.4% |
| 38141G | 0.4% | 0.1% | 0.3% |
Where BSV and VBIAX 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 | BSV | VBIAX | Δ |
|---|---|---|---|
| Unclassified | 0.2% | 55.1% | −54.9pp |
| Treasuries | 69.4% | 19.1% | +50.3pp |
| MBS Pass-Through | 0.2% | 8.1% | −7.9pp |
| Corporate — industrial & other | 12.6% | 5.8% | +6.9pp |
| Financials | 10.0% | 3.6% | +6.4pp |
| Supranational | 2.5% | 0.5% | +2.0pp |
| Health Care | 0.0% | 1.2% | −1.2pp |
| Cash and/or Derivatives | 0.7% | 1.8% | −1.1pp |
Δ is BSV minus VBIAX, 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
69.8% of BSV by weight, held in no part of VBIAX.
80.6% of VBIAX by weight, held in no part of BSV.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| BSV | VBIAX | |
|---|---|---|
| Top 10 holdings | 73.8% | 45.2% |
| Positions held | 960 | 5,119 |
| Cost per $10,000 held, per year | $3 | $7 |
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 BSV and VBIAX overlap?
BSV and VBIAX overlap 10.8% by portfolio weight — largely distinct portfolios. They share 910 holdings. The figure comes from current issuer holdings files (BSV as of 2026-06-30, VBIAX as of 2026-03-31).
How is the overlap between BSV and VBIAX calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If BSV holds a stock at 6% and VBIAX 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 BSV and VBIAX?
That depends on your goals — we state facts, not advice. At 10.8% overlap, each fund still contributes meaningfully distinct exposure.
What does BSV own that VBIAX doesn't?
BSV holds 960 positions and VBIAX holds 5,119; 50 of BSV's positions don't appear in VBIAX at all, and they are 69.8% of BSV by weight.
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Related comparisons
Sources: issuer holdings files, BSV as of 2026-06-30, VBIAX as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.