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ETF comparison

BND vs PCY

US Aggregate Bond vs International Bond.

Vanguard Total Bond Market Index Fund ETF Shares · Invesco Emerging Markets Sovereign Debt ETF

Holdings overlap

Weighted by ISIN/CUSIP
0.1 %

18 positions appear in both funds. Buying equal dollars of BND and PCY would leave roughly 0.1% of each dollar exposed to the same underlying securities.

BND unmatched 98.9% Shared 0.1% PCY unmatched 98.3%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In BND only
17,378 positions
Shared
18 positions
In PCY only
85 positions

Side by side

BND

Vanguard Total Bond Market Index Fund ETF Shares

Vanguard · US Aggregate Bond

89 composite / 100
Expense ratio
0.030%
Net assets
$389.05B
whole fund, 6 share classes
TTM yield
4.13%
Top-10 conc.
4.1%
PCY

Invesco Emerging Markets Sovereign Debt ETF

Invesco · International Bond

59 composite / 100
Expense ratio
0.50%
Net assets
$1.17B
TTM yield
6.28%
Top-10 conc.
11.4%

Sub-score comparison

97
Cost
50
52
Tax efficiency
48
100
Liquidity
59
100
Concentration
98
—
Tracking quality
—
BND sub-score PCY

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

BND is 47 bps cheaper than PCY. On a $100,000 position that's about $470/yr more in fees for PCY.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with BND vs PCY.

Top shared holdings

18 shared in total
# Holding In BND In PCY Overlap
1 Hungary Government International Bond 0.01% 0.95% 0.01%
2 Panama Government International Bond 0.01% 0.97% 0.01%
3 Peruvian Government International Bond 0.01% 0.94% 0.01%
4 Mexico Government International Bond 0.01% 0.91% 0.01%
5 Chile Government International Bond 0.01% 0.92% 0.01%
6 Chile Government International Bond 0.01% 0.92% 0.01%
7 Mexico Government International Bond 0.01% 0.90% 0.01%
8 Peruvian Government International Bond 0.00% 0.96% 0.00%
9 Philippine Government International Bond 0.00% 0.91% 0.00%
10 Panama Government International Bond 0.00% 0.97% 0.00%
11 Republic of Poland Government International Bond 0.00% 1.46% 0.00%
12 Chile Government International Bond 0.00% 0.93% 0.00%

Only in BND

17,378 total
  • United States Treasury Note/Bond 0.47%
  • United States Treasury Note/Bond 0.41%
  • United States Treasury Note/Bond 0.41%
  • United States Treasury Note/Bond 0.41%
  • United States Treasury Note/Bond 0.41%
  • United States Treasury Note/Bond 0.41%
  • United States Treasury Note/Bond 0.41%
  • United States Treasury Note/Bond 0.40%
  • United States Treasury Note/Bond 0.39%
  • United States Treasury Note/Bond 0.39%

Only in PCY

85 total
  • Pakistan Government International Bond 1.43%
  • Pakistan Government International Bond 1.43%
  • Angolan Government International Bond 1.04%
  • Angolan Government International Bond 1.04%
  • Nigeria Government International Bond 1.02%
  • Trinidad & Tobago Government International Bond 1.01%
  • El Salvador Government International Bond 1.01%
  • Nigeria Government International Bond 1.01%
  • Colombia Government International Bond 1.00%
  • El Salvador Government International Bond 1.00%

Percentages are holdings overlap with the named fund.

Open BND or PCY at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.