BSV vs VTIP: 70% overlap
Vanguard Short-Term Bond ETF and Vanguard Short-Term Inflation-Protected Securities ETF share 70.1% 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 1.3. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
BSV and VTIP hold 3 of the same securities. The ten contributing most to the overlap figure:
| Holding | in BSV | in VTIP | Δ |
|---|---|---|---|
| UST-0-3Y | 40.9% | 61.5% | 20.6% |
| UST-3-10Y | 28.5% | 37.8% | 9.3% |
| CASH | 0.7% | 0.7% | 0.0% |
Where BSV and VTIP 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 | VTIP | Δ |
|---|---|---|---|
| Treasuries | 69.4% | 99.3% | −29.9pp |
| Corporate — industrial & other | 12.6% | 0.0% | +12.6pp |
| Financials | 10.0% | 0.0% | +10.0pp |
| Supranational | 2.5% | 0.0% | +2.5pp |
| Utilities | 1.8% | 0.0% | +1.8pp |
| Agency | 1.2% | 0.0% | +1.2pp |
| Sovereign | 0.8% | 0.0% | +0.8pp |
| Local Authority | 0.5% | 0.0% | +0.5pp |
Δ is BSV minus VTIP, 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
29.9% of BSV by weight, held in no part of VTIP.
0.0% of VTIP 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 | VTIP | |
|---|---|---|
| Top 10 holdings | 73.8% | 100.0% |
| Positions held | 960 | 3 |
| Cost per $10,000 held, per year | $3 | $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 BSV and VTIP overlap?
BSV and VTIP overlap 70.1% by portfolio weight — substantial duplication if you hold both. They share 3 holdings. The figure comes from current issuer holdings files (BSV as of 2026-06-30, VTIP as of 2026-06-30).
How is the overlap between BSV and VTIP 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 VTIP 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 VTIP?
That depends on your goals — we state facts, not advice. At 70.1% overlap, most of what one fund holds, the other holds too. Expense ratios: BSV 0.03% versus VTIP 0.03%.
What does BSV own that VTIP doesn't?
BSV holds 960 positions and VTIP holds 3; 957 of BSV's positions don't appear in VTIP at all, and they are 29.9% of BSV by weight.
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Related comparisons
Sources: issuer holdings files, BSV as of 2026-06-30, VTIP as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.