ETF comparison
FBND vs TLT
US Aggregate Bond vs US Treasury (Long).
Fidelity Total Bond ETF · iShares 20+ Year Treasury Bond ETF
Holdings overlap
26 positions appear in both funds. Buying equal dollars of FBND and TLT would leave roughly 11.6% of each dollar exposed to the same underlying securities.
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.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
TLT is 21 bps cheaper than FBND. On a $100,000 position that's about $210/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 TLT.
Top shared holdings
26 shared in total| # | Holding | In FBND | In TLT | Overlap |
|---|---|---|---|---|
| 1 | UNITED STATES TREASURY BOND | 1.53% | 4.03% | 1.53% |
| 2 | UNITED STATES TREASURY BOND | 1.26% | 3.46% | 1.26% |
| 3 | UNITED STATES TREASURY BOND | 1.12% | 2.90% | 1.12% |
| 4 | UNITED STATES TREASURY BOND | 1.04% | 4.46% | 1.04% |
| 5 | UNITED STATES TREASURY BOND | 0.96% | 3.95% | 0.96% |
| 6 | UNITED STATES TREASURY BOND | 0.84% | 3.62% | 0.84% |
| 7 | UNITED STATES TREASURY BOND | 0.83% | 2.54% | 0.83% |
| 8 | UNITED STATES TREASURY BOND | 0.82% | 4.40% | 0.82% |
| 9 | UNITED STATES TREASURY BOND | 0.75% | 3.94% | 0.75% |
| 10 | UNITED STATES TREASURY BOND | 0.60% | 2.97% | 0.60% |
| 11 | UNITED STATES TREASURY BOND | 0.47% | 4.58% | 0.47% |
| 12 | UNITED STATES TREASURY BOND | 0.39% | 3.80% | 0.39% |
Only in FBND
4,443 total- Fidelity Revere Street Trust 4.62%
- UST NOTES 2.34%
- UST NOTES 2.21%
- UST NOTES 2.17%
- UST NOTES 1.81%
- UST NOTES 1.49%
- UST NOTES 1.20%
- FNMA/FHLG TBA ISSUER 1.19%
- UST NOTES 1.18%
- GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 1.14%
Only in TLT
20 total- United States of America 3.86%
- United States of America 2.81%
- United States of America 2.73%
- United States of America 2.63%
- United States of America 2.55%
- United States of America 2.42%
- United States of America 2.35%
- United States of America 2.11%
- United States of America 1.78%
- United States of America 1.02%
Related comparisons
More comparisons with FBND
- FBND vs DFCF · Dimensional Core Fixed Income ETF 9.5%
- FBND vs VCRB · Vanguard Core Bond ETF 8.3%
- FBND vs JCPB · JPMorgan Core Plus Bond ETF 6.7%
- FBND vs CGCP · Capital Group Core Plus Income ETF 5.6%
- FBND vs MBB · iShares MBS ETF 4.8%
- FBND vs VMBS · Vanguard Mortgage-Backed Securities Index Fund ETF Shares 4.5%
More comparisons with TLT
- TLT vs GOVT · iShares U.S. Treasury Bond ETF 11.4%
- TLT vs BND · Vanguard Total Bond Market Index Fund ETF Shares 5.6%
- TLT vs EAGG · iShares ESG U.S. Aggregate Bond ETF 5.2%
- TLT vs SCHZ · Schwab U.S. Aggregate Bond ETF 5.2%
- TLT vs AGG · iShares Core U.S. Aggregate Bond ETF 5.1%
- TLT vs SPAB · State Street SPDR Portfolio Aggregate Bond ETF 4.9%
Percentages are holdings overlap with the named fund.
Open FBND or TLT 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.