ETF comparison

FBND vs GOVT

US Aggregate Bond vs US Treasury (Intermediate).

Fidelity Total Bond ETF · iShares U.S. Treasury Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
18.2 %

79 positions appear in both funds. Buying equal dollars of FBND and GOVT would leave roughly 18.2% of each dollar exposed to the same underlying securities.

FBND only 92.6% Shared 18.2% GOVT only 80.9%
In FBND only
4,313 positions
Shared
79 positions
In GOVT only
145 positions

Side by side

FBND

Fidelity Total Bond ETF

Fidelity · US Aggregate Bond

74 composite / 100
Expense ratio
0.36%
Net assets
$26.62B
TTM yield
4.70%
Top-10 conc.
19.4%
GOVT

iShares U.S. Treasury Bond ETF

iShares · US Treasury (Intermediate)

87 composite / 100
Expense ratio
0.050%
Net assets
$43.73B
TTM yield
3.60%
Top-10 conc.
21.7%

Sub-score comparison

64
Cost
95
51
Tax efficiency
58
100
Liquidity
100
87
Concentration
83
Tracking quality
FBND sub-score GOVT

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

Cost difference

GOVT is 31 bps cheaper than FBND. On a $100,000 position that's about $310/yr more in fees for FBND.

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 FBND vs GOVT.

Top shared holdings

79 shared in total
# Holding In FBND In GOVT Overlap
1 UST NOTES 2.12% 0.93% 0.93%
2 UST NOTES 2.23% 0.81% 0.81%
3 UST NOTES 1.30% 0.78% 0.78%
4 UST NOTES 1.53% 0.62% 0.62%
5 UST NOTES 0.96% 0.61% 0.61%
6 UNITED STATES TREASURY BOND 0.92% 0.61% 0.61%
7 UST NOTES 0.57% 0.76% 0.57%
8 UNITED STATES TREASURY BOND 0.88% 0.55% 0.55%
9 UST NOTES 0.54% 0.85% 0.54%
10 UNITED STATES TREASURY BOND 0.82% 0.53% 0.53%
11 UST NOTES 0.51% 0.82% 0.51%
12 UST NOTES 0.50% 0.84% 0.50%

Only in FBND

4,313 total
  • Fidelity Revere Street Trust 2.92%
  • UST NOTES 2.86%
  • UST NOTES 1.47%
  • GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 1.32%
  • GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 1.04%
  • GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 0.99%
  • FNMA/FHLG TBA ISSUER 0.80%
  • FNMA/FHLG TBA ISSUER 0.77%
  • FNMA/FHLG TBA ISSUER 0.76%
  • UST NOTES 0.57%

Only in GOVT

145 total
  • United States of America 5.25%
  • United States of America 2.92%
  • United States of America 2.60%
  • United States of America 2.06%
  • United States of America 1.59%
  • United States of America 1.51%
  • United States of America 1.49%
  • United States of America 1.39%
  • United States of America 1.37%
  • United States of America 1.34%

Open FBND or GOVT 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.