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ETF comparison

FBND vs IUSB

Both US Aggregate Bond.

Fidelity Total Bond ETF · iShares Core Universal USD Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
14.4 %

1,329 positions appear in both funds. Buying equal dollars of FBND and IUSB would leave roughly 14.4% of each dollar exposed to the same underlying securities.

FBND unmatched 95.7% Shared 14.4% IUSB unmatched 83.8%

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 FBND only
3,140 positions
Shared
1,329 positions
In IUSB only
16,715 positions

Side by side

FBND

Fidelity Total Bond ETF

Fidelity · US Aggregate Bond

74 composite / 100
Expense ratio
0.36%
Net assets
$27.90B
TTM yield
4.80%
Top-10 conc.
19.8%
IUSB

iShares Core Universal USD Bond ETF

iShares · US Aggregate Bond

88 composite / 100
Expense ratio
0.060%
Net assets
$48.08B
TTM yield
4.34%
Top-10 conc.
3.5%

Sub-score comparison

64
Cost
94
51
Tax efficiency
52
100
Liquidity
100
86
Concentration
100
—
Tracking quality
—
FBND sub-score IUSB

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

Cost difference

IUSB is 30 bps cheaper than FBND. On a $100,000 position that's about $300/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 IUSB.

Top shared holdings

1,329 shared in total
# Holding In FBND In IUSB Overlap
1 UST NOTES 1.02% 0.37% 0.37%
2 UST NOTES 0.87% 0.35% 0.35%
3 UST NOTES 2.17% 0.34% 0.34%
4 UST NOTES 0.47% 0.34% 0.34%
5 UST NOTES 1.02% 0.34% 0.34%
6 UST NOTES 2.21% 0.33% 0.33%
7 UST NOTES 1.81% 0.33% 0.33%
8 UST NOTES 0.93% 0.32% 0.32%
9 UST NOTES 0.48% 0.29% 0.29%
10 UST NOTES 0.35% 0.27% 0.27%
11 UST NOTES 0.32% 0.26% 0.26%
12 UST NOTES 0.25% 0.23% 0.23%

Only in FBND

3,140 total
  • Fidelity Revere Street Trust 4.62%
  • FNMA/FHLG TBA ISSUER 1.19%
  • GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 1.14%
  • GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 0.89%
  • FNMA/FHLG TBA ISSUER 0.83%
  • GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 0.76%
  • FNMA/FHLG TBA ISSUER 0.73%
  • GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 0.45%
  • FNMA/FHLG TBA ISSUER 0.44%
  • GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 0.41%

Only in IUSB

16,715 total
  • Federal National Mortgage Association or Federal Home Loan Mortgage Corp. 0.41%
  • United States of America 0.33%
  • Federal National Mortgage Association or Federal Home Loan Mortgage Corp. 0.31%
  • Federal National Mortgage Association or Federal Home Loan Mortgage Corp. 0.30%
  • United States of America 0.30%
  • United States of America 0.29%
  • United States of America 0.29%
  • United States of America 0.29%
  • United States of America 0.29%
  • United States of America 0.28%

Percentages are holdings overlap with the named fund.

Open FBND or IUSB 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.