BND vs UCON
Vanguard Total Bond Market against First Trust Smith Unconstrained Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
3%
102 shared positions
Fee gap
83 bp
BND is cheaper
1-year return gap
0.5 pts
BND is ahead
Larger fund
BND
$162.8B
Side by side
| BND | UCON | |
|---|---|---|
| Fund | Vanguard Total Bond Market | First Trust Smith Unconstrained Bond ETF |
| Issuer | Vanguard | First Trust |
| Category | Core Bond | Core Bond |
| Expense ratio | 0.03% | 0.86% |
| Assets | $162.8B | $3.1B |
| Average daily dollar volume | $852M | $19M |
| Listed | Apr 3, 2007 | Jun 4, 2018 |
| FrenzyCap score | 99 | 60 |
| 1-month return | −0.9% | −2.2% |
| 3-month return | −2.1% | −2.9% |
| Year to date | −4.5% | −5.4% |
| 1-year return | −5.6% | −6.2% |
| 30-day volatility | 5.0% | 5.0% |
| Worst drawdown, 1 year | −7.0% | −6.3% |
| Trailing 12-month yield | 4.15% | 4.83% |
| Holdings | 16,310 | 454 |
| Top 10 weight | 4.0% | 13.7% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$9.3B thru Jun 2026 | +$65M thru May 2026 |
| 30-day implied volatility | 5.8% | — |
| Holdings as of | as of Sep 30, 2026issuer data | as of Oct 20, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
3% of BND · 32% of UCON| Holding | BND | UCON |
|---|---|---|
| United States Treasury Note/Bond 4.75%, due Sep 30, 2028 | 0.29% | 1.55% |
| United States Treasury Note/Bond 4.25%, due Jul 31, 2028 | 0.28% | 2.47% |
| United States Treasury Note/Bond 5%, due May 15, 2056 | 0.27% | 0.69% |
| United States Treasury Note/Bond 4.375%, due Aug 31, 2031 | 0.27% | 0.97% |
| United States Treasury Note/Bond 4.375%, due May 15, 2036 | 0.26% | 1.03% |
| United States Treasury Note/Bond 4.125%, due Oct 31, 2029 | 0.22% | 0.43% |
| United States Treasury Note/Bond 4.125%, due Aug 31, 2028 | 0.21% | 1.83% |
| United States Treasury Note/Bond 4%, due May 31, 2028 | 0.33% | 0.20% |
| United States Treasury Note/Bond 4.375%, due Jul 31, 2031 | 0.11% | 0.81% |
| United States Treasury Note/Bond 1.625%, due Nov 15, 2050 | 0.10% | 0.76% |
| United States Treasury Note/Bond 5%, due May 15, 2046 | 0.09% | 0.31% |
| United States Treasury Note/Bond 5.125%, due Aug 15, 2046 | 0.07% | 2.45% |
| Fannie Mae Pool | 0.03% | 0.10% |
| Ginnie Mae II Pool | 0.03% | 0.15% |
| Freddie Mac Pool | 0.03% | 0.20% |
| United States Treasury Note/Bond 4.25%, due Aug 15, 2029 | 0.02% | 0.28% |
| Citigroup Inc 5.266%, due Sep 24, 2029 | 0.02% | 0.33% |
| Oracle Corp 5.7%, due Feb 4, 2036 | 0.02% | 0.13% |
| Oracle Corp 4.95%, due Feb 4, 2031 | 0.02% | 0.15% |
| Fannie Mae Pool | 0.02% | 0.07% |
| Fannie Mae Pool | 0.01% | 0.07% |
| Space Exploration Technologies Corp 5.35%, due Jul 15, 2031 | 0.01% | 0.31% |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust 3%, due Oct 29, 2028 | 0.01% | 0.05% |
| JPMorgan Chase & Co 2.069%, due Jun 1, 2029 | 0.01% | 0.15% |
| Wells Fargo & Co 5.499%, due Jan 23, 2035 | 0.01% | 0.14% |
Sector mix of the stock holdings
| Sector | BND | UCON | Gap |
|---|---|---|---|
| Utilities | 0.0% | 0.2% | −0.2% |
More: full overlap table · BND holdings · UCON holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.