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ETF comparison

IUSB vs SPMB

Both US Aggregate Bond.

iShares Core Universal USD Bond ETF · State Street SPDR Portfolio Mortgage Backed Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
3.6 %

322 positions appear in both funds. Buying equal dollars of IUSB and SPMB would leave roughly 3.6% of each dollar exposed to the same underlying securities.

IUSB unmatched 94.6% Shared 3.6% SPMB unmatched 94.5%

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 IUSB only
17,722 positions
Shared
322 positions
In SPMB only
2,377 positions

Side by side

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%
SPMB

State Street SPDR Portfolio Mortgage Backed Bond ETF

State Street · US Aggregate Bond

87 composite / 100
Expense ratio
0.040%
Net assets
$6.82B
TTM yield
4.27%
Top-10 conc.
6.6%

Sub-score comparison

94
Cost
96
52
Tax efficiency
52
100
Liquidity
93
100
Concentration
100
—
Tracking quality
—
IUSB sub-score SPMB

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

Cost difference

SPMB is 2 bps cheaper than IUSB. On a $100,000 position that's about $20/yr more in fees for IUSB.

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 IUSB vs SPMB.

Top shared holdings

322 shared in total
# Holding In IUSB In SPMB Overlap
1 Government National Mortgage Association 0.18% 0.22% 0.18%
2 Federal National Mortgage Association 0.12% 0.14% 0.12%
3 Government National Mortgage Association 0.09% 0.25% 0.09%
4 Federal National Mortgage Association 0.09% 0.17% 0.09%
5 Federal National Mortgage Association 0.08% 0.14% 0.08%
6 Federal Home Loan Mortgage Corp. 0.08% 0.09% 0.08%
7 Federal Home Loan Mortgage Corp. 0.08% 0.29% 0.08%
8 Government National Mortgage Association 0.07% 0.20% 0.07%
9 Government National Mortgage Association 0.07% 0.32% 0.07%
10 Federal National Mortgage Association 0.07% 0.47% 0.07%
11 Federal National Mortgage Association 0.06% 0.37% 0.06%
12 Government National Mortgage Association 0.06% 0.07% 0.06%

Only in IUSB

17,722 total
  • Federal National Mortgage Association or Federal Home Loan Mortgage Corp. 0.41%
  • United States of America 0.37%
  • United States of America 0.37%
  • United States of America 0.36%
  • United States of America 0.35%
  • United States of America 0.34%
  • United States of America 0.34%
  • United States of America 0.34%
  • United States of America 0.33%
  • United States of America 0.33%

Only in SPMB

2,377 total
  • Freddie Mac 1.17%
  • Fannie Mae 0.79%
  • Freddie Mac 0.76%
  • UMBS, TBA 0.63%
  • Freddie Mac 0.55%
  • Fannie Mae 0.51%
  • Fannie Mae 0.49%
  • UMBS, TBA 0.46%
  • UMBS, TBA 0.45%
  • Government National Mortgage Association 0.44%

Percentages are holdings overlap with the named fund.

Open IUSB or SPMB 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.