ETF comparison
FBND vs TLT
US Aggregate Bond vs US Treasury (Long).
Fidelity Total Bond ETF · iShares 20+ Year Treasury Bond ETF
Holdings overlap
27 positions appear in both funds. Buying equal dollars of FBND and TLT would leave roughly 11.3% of each dollar exposed to the same underlying securities.
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
27 shared in total| # | Holding | In FBND | In TLT | Overlap |
|---|---|---|---|---|
| 1 | UNITED STATES TREASURY BOND | 1.69% | 4.03% | 1.69% |
| 2 | UNITED STATES TREASURY BOND | 1.39% | 3.46% | 1.39% |
| 3 | UNITED STATES TREASURY BOND | 1.14% | 4.46% | 1.14% |
| 4 | UNITED STATES TREASURY BOND | 1.12% | 2.90% | 1.12% |
| 5 | UNITED STATES TREASURY BOND | 0.92% | 3.62% | 0.92% |
| 6 | UNITED STATES TREASURY BOND | 0.88% | 4.40% | 0.88% |
| 7 | UNITED STATES TREASURY BOND | 0.83% | 1.32% | 0.83% |
| 8 | UNITED STATES TREASURY BOND | 0.82% | 4.25% | 0.82% |
| 9 | UNITED STATES TREASURY BOND | 0.66% | 2.69% | 0.66% |
| 10 | UNITED STATES TREASURY BOND | 0.52% | 4.58% | 0.52% |
| 11 | UNITED STATES TREASURY BOND | 0.42% | 3.80% | 0.42% |
| 12 | UNITED STATES TREASURY BOND | 0.24% | 1.86% | 0.24% |
Only in FBND
4,365 total- Fidelity Revere Street Trust 2.92%
- UST NOTES 2.86%
- UST NOTES 2.23%
- UST NOTES 2.12%
- UST NOTES 1.64%
- UST NOTES 1.54%
- UST NOTES 1.53%
- UST NOTES 1.47%
- GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 1.32%
- UST NOTES 1.30%
Only in TLT
19 total- United States of America 3.86%
- United States of America 2.81%
- United States of America 2.73%
- United States of America 2.68%
- United States of America 2.62%
- United States of America 2.56%
- United States of America 2.22%
- United States of America 2.10%
- United States of America 1.81%
- United States of America 1.77%
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.