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ETF comparison

FBND vs MBB

Both US Aggregate Bond.

Fidelity Total Bond ETF · iShares MBS ETF

Holdings overlap

Weighted by ISIN/CUSIP
4.8 %

157 positions appear in both funds. Buying equal dollars of FBND and MBB would leave roughly 4.8% of each dollar exposed to the same underlying securities.

FBND unmatched 105.2% Shared 4.8% MBB unmatched 93.3%

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 FBND only
4,312 positions
Shared
157 positions
In MBB only
10,987 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%
MBB

iShares MBS ETF

iShares · US Aggregate Bond

89 composite / 100
Expense ratio
0.040%
Net assets
$36.25B
TTM yield
4.46%
Top-10 conc.
6.8%

Sub-score comparison

64
Cost
96
51
Tax efficiency
52
100
Liquidity
100
86
Concentration
100
—
Tracking quality
—
FBND sub-score MBB

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

Cost difference

MBB is 32 bps cheaper than FBND. On a $100,000 position that's about $320/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 MBB.

Top shared holdings

157 shared in total
# Holding In FBND In MBB Overlap
1 GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 1.14% 0.95% 0.95%
2 GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 0.89% 0.67% 0.67%
3 FNMA/FHLG TBA ISSUER 0.73% 0.64% 0.64%
4 GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 0.41% 0.46% 0.41%
5 FNMA/FHLG TBA ISSUER 0.44% 0.34% 0.34%
6 FNMA/FHLG TBA ISSUER 0.26% 0.83% 0.26%
7 GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 0.23% 0.45% 0.23%
8 FNMA GTD MTG PASS THRU CTF 0.10% 0.30% 0.10%
9 GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 0.18% 0.09% 0.09%
10 FED HOME LOAN MTG CORP - GOLD 0.08% 0.22% 0.08%
11 FNMA GTD MTG PASS THRU CTF 0.08% 0.10% 0.08%
12 GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 0.07% 0.27% 0.07%

Only in FBND

4,312 total
  • Fidelity Revere Street Trust 4.62%
  • UST NOTES 2.34%
  • UST NOTES 2.21%
  • UST NOTES 2.17%
  • UST NOTES 1.81%
  • UNITED STATES TREASURY BOND 1.53%
  • UST NOTES 1.49%
  • UNITED STATES TREASURY BOND 1.26%
  • UST NOTES 1.20%
  • UST NOTES 1.18%

Only in MBB

10,987 total
  • Government National Mortgage Association 0.55%
  • Government National Mortgage Association 0.54%
  • Fannie Mae 0.52%
  • Fannie Mae 0.44%
  • Government National Mortgage Association 0.41%
  • Government National Mortgage Association 0.36%
  • Government National Mortgage Association 0.35%
  • Fannie Mae 0.33%
  • Fannie Mae 0.33%
  • Government National Mortgage Association 0.30%

Percentages are holdings overlap with the named fund.

Open FBND or MBB 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.