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ETF comparison

FBND vs SCHZ

Both US Aggregate Bond.

Fidelity Total Bond ETF · Schwab U.S. Aggregate Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
14.6 %

661 positions appear in both funds. Buying equal dollars of FBND and SCHZ would leave roughly 14.6% of each dollar exposed to the same underlying securities.

FBND unmatched 95.4% Shared 14.6% SCHZ unmatched 84.1%

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
3,808 positions
Shared
661 positions
In SCHZ only
11,665 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%
SCHZ

Schwab U.S. Aggregate Bond ETF

Schwab · US Aggregate Bond

89 composite / 100
Expense ratio
0.030%
Net assets
$10.45B
TTM yield
4.30%
Top-10 conc.
3.7%

Sub-score comparison

64
Cost
97
51
Tax efficiency
52
100
Liquidity
100
86
Concentration
100
—
Tracking quality
—
FBND sub-score SCHZ

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

Cost difference

SCHZ is 33 bps cheaper than FBND. On a $100,000 position that's about $330/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 SCHZ.

Top shared holdings

661 shared in total
# Holding In FBND In SCHZ Overlap
1 UST NOTES 2.21% 0.39% 0.39%
2 UST NOTES 0.87% 0.39% 0.39%
3 UST NOTES 2.17% 0.39% 0.39%
4 UST NOTES 1.02% 0.37% 0.37%
5 UST NOTES 0.47% 0.37% 0.37%
6 UST NOTES 1.81% 0.36% 0.36%
7 UST NOTES 0.93% 0.36% 0.36%
8 UST NOTES 0.48% 0.36% 0.36%
9 UST NOTES 0.35% 0.33% 0.33%
10 UST NOTES 0.54% 0.31% 0.31%
11 UST NOTES 0.32% 0.31% 0.31%
12 UST NOTES 0.59% 0.29% 0.29%

Only in FBND

3,808 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 SCHZ

11,665 total
  • United States Treasury 0.35%
  • United States Treasury 0.32%
  • United States Treasury 0.30%
  • United States Treasury 0.30%
  • United States Treasury 0.30%
  • United States Treasury 0.30%
  • United States Treasury 0.30%
  • United States Treasury 0.29%
  • United States Treasury 0.28%
  • United States Treasury 0.28%

Percentages are holdings overlap with the named fund.

Open FBND or SCHZ 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.