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ETF comparison

IUSB vs VMBS

Both US Aggregate Bond.

iShares Core Universal USD Bond ETF · Vanguard Mortgage-Backed Securities Index Fund ETF Shares

Holdings overlap

Weighted by ISIN/CUSIP
4.7 %

385 positions appear in both funds. Buying equal dollars of IUSB and VMBS would leave roughly 4.7% of each dollar exposed to the same underlying securities.

IUSB unmatched 93.5% Shared 4.7% VMBS unmatched 94.7%

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
17,659 positions
Shared
385 positions
In VMBS only
4,727 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%
VMBS

Vanguard Mortgage-Backed Securities Index Fund ETF Shares

Vanguard · US Aggregate Bond

89 composite / 100
Expense ratio
0.030%
Net assets
$17.10B
whole fund, 3 share classes
TTM yield
4.35%
Top-10 conc.
3.2%

Sub-score comparison

94
Cost
97
52
Tax efficiency
52
100
Liquidity
100
100
Concentration
100
—
Tracking quality
—
IUSB sub-score VMBS

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

Cost difference

VMBS is 3 bps cheaper than IUSB. On a $100,000 position that's about $30/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 VMBS.

Top shared holdings

385 shared in total
# Holding In IUSB In VMBS Overlap
1 Federal National Mortgage Association 0.12% 0.23% 0.12%
2 Federal Home Loan Mortgage Corp. 0.11% 0.11% 0.11%
3 Government National Mortgage Association 0.18% 0.10% 0.10%
4 Government National Mortgage Association 0.09% 0.12% 0.09%
5 Federal Home Loan Mortgage Corp. 0.08% 0.13% 0.08%
6 Federal National Mortgage Association 0.08% 0.13% 0.08%
7 Government National Mortgage Association 0.08% 0.12% 0.08%
8 Government National Mortgage Association 0.08% 0.32% 0.08%
9 Federal National Mortgage Association 0.07% 0.14% 0.07%
10 Federal Home Loan Mortgage Corp. 0.08% 0.07% 0.07%
11 Federal National Mortgage Association 0.07% 0.10% 0.07%
12 Government National Mortgage Association 0.07% 0.14% 0.07%

Only in IUSB

17,659 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 VMBS

4,727 total
  • Fannie Mae or Freddie Mac 0.52%
  • Ginnie Mae II Pool 0.36%
  • Ginnie Mae II Pool 0.31%
  • Fannie Mae Pool 0.29%
  • Ginnie Mae II Pool 0.29%
  • Freddie Mac Pool 0.27%
  • Freddie Mac Pool 0.27%
  • Fannie Mae or Freddie Mac 0.25%
  • Freddie Mac Pool 0.24%
  • Freddie Mac Pool 0.24%

Percentages are holdings overlap with the named fund.

Open IUSB or VMBS 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.