TIP vs VBIAX: 0% overlap
iShares TIPS Bond ETF and Vanguard Balanced Index Admiral share 0.4% 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 — VBIAX as of 2026-03-31, the rest through 2026-07-23. 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
TIP and VBIAX hold 1 of the same securities. The ten contributing most to the overlap figure:
| Holding | in TIP | in VBIAX | Δ |
|---|---|---|---|
| CASH | 0.4% | 1.8% | 1.4% |
Where TIP 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 | TIP | VBIAX | Δ |
|---|---|---|---|
| Treasuries | 99.6% | 19.1% | +80.5pp |
| Unclassified | 0.0% | 55.1% | −55.1pp |
| MBS Pass-Through | 0.0% | 8.1% | −8.1pp |
| Corporate — industrial & other | 0.0% | 5.8% | −5.8pp |
| Financials | 0.0% | 3.6% | −3.6pp |
| Cash and/or Derivatives | 0.4% | 1.8% | −1.4pp |
| Utilities | 0.0% | 1.2% | −1.2pp |
| Health Care | 0.0% | 1.2% | −1.2pp |
Δ is TIP 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
99.6% of TIP by weight, held in no part of VBIAX.
99.1% of VBIAX by weight, held in no part of TIP.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| TIP | VBIAX | |
|---|---|---|
| Top 10 holdings | 100.0% | 45.2% |
| Positions held | 5 | 5,119 |
| Cost per $10,000 held, per year | $18 | $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 TIP and VBIAX overlap?
TIP and VBIAX overlap 0.4% by portfolio weight — largely distinct portfolios. They share 1 holdings. The figure comes from current issuer holdings files (TIP as of 2026-07-23, VBIAX as of 2026-03-31).
How is the overlap between TIP and VBIAX calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If TIP 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 TIP and VBIAX?
That depends on your goals — we state facts, not advice. At 0.4% overlap, each fund still contributes meaningfully distinct exposure.
What does TIP own that VBIAX doesn't?
TIP holds 5 positions and VBIAX holds 5,119; 3 of TIP's positions don't appear in VBIAX at all, and they are 99.6% of TIP by weight.
You probably hold more than two funds
This page compares TIP and VBIAX. 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 TIP vs VBIAX
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, TIP as of 2026-07-23, VBIAX as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.