# Portfolio overlap — VGVT vs VBTLX Comparing **VANGUARD GOVERNMENT SECURITIES ACTIVE ETF** (2026-03-31) and **VANGUARD TOTAL BOND MARKET INDEX FUND** (2026-03-31). - Shared positions: 148 - VANGUARD GOVERNMENT SECURITIES ACTIVE ETF covered by VANGUARD TOTAL BOND MARKET INDEX FUND: 0.1925839788790948481288641162 - VANGUARD TOTAL BOND MARKET INDEX FUND covered by VANGUARD GOVERNMENT SECURITIES ACTIVE ETF: 0.1925839788790948481288641162 ## VANGUARD GOVERNMENT SECURITIES ACTIVE ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | FNA 2018-M7 A2 | 0.044675 | ✓ | | US TREASURY N/B | 0.032653 | ✓ | | US TREASURY N/B | 0.026030 | ✓ | | US TREASURY N/B | 0.024479 | ✓ | | FNA 2019-M5 A2 | 0.021885 | ✓ | | Vanguard Market Liquidity Fund | 0.021116 | ✓ | | US TREASURY N/B | 0.020740 | ✓ | | FNA 2017-M15 ATS2 | 0.020297 | ✓ | | US TREASURY N/B | 0.019120 | ✓ | | FHMS K511 A2 | 0.018900 | ✓ | | US TREASURY N/B | 0.016250 | ✓ | | US TREASURY N/B | 0.016049 | ✓ | | US TREASURY N/B | 0.015993 | ✓ | | GNR 2025-192 HG | 0.014877 | | | FHMS K507 A2 | 0.014857 | ✓ | | US TREASURY N/B | 0.014172 | ✓ | | US TREASURY N/B | 0.010635 | ✓ | | US TREASURY N/B | 0.010581 | ✓ | | US TREASURY N/B | 0.010532 | ✓ | | Fannie Mae Pool | 0.010487 | | | US TREASURY N/B | 0.010369 | ✓ | | US TREASURY N/B | 0.009795 | ✓ | | US TREASURY N/B | 0.009649 | ✓ | | Government National Mortgage Association | 0.009391 | | | FNA 2018-M8 A2 | 0.009328 | ✓ | | US TREASURY N/B | 0.009064 | ✓ | | US TREASURY N/B | 0.008821 | ✓ | | US TREASURY N/B | 0.008409 | ✓ | | US TREASURY N/B | 0.008375 | ✓ | | US TREASURY N/B | 0.008180 | ✓ | | US TREASURY N/B | 0.008001 | ✓ | | US TREASURY N/B | 0.007807 | ✓ | | US TREASURY N/B | 0.007791 | ✓ | | FNA 2017-M11 A2 | 0.007760 | ✓ | | US TREASURY N/B | 0.007472 | ✓ | | FNA 2017-M13 A2 | 0.007114 | ✓ | | FHMS K070 A2 | 0.007008 | ✓ | | US TREASURY N/B | 0.006835 | ✓ | | US TREASURY N/B | 0.006784 | ✓ | | US TREASURY N/B | 0.006642 | ✓ | | US TREASURY N/B | 0.006556 | ✓ | | FHR 5343 HZ | 0.006501 | | | PMTLT 2025-INV12 A35 | 0.006408 | | | US TREASURY N/B | 0.006395 | ✓ | | US TREASURY N/B | 0.006348 | ✓ | | US TREASURY N/B | 0.006228 | ✓ | | US TREASURY N/B | 0.005820 | ✓ | | US TREASURY N/B | 0.005697 | ✓ | | US TREASURY N/B | 0.005694 | ✓ | | FN AN7218 | 0.005564 | | ## VANGUARD TOTAL BOND MARKET INDEX FUND — top positions | Security | Weight | Shared | |----------|--------|--------| | Vanguard Market Liquidity Fund | 0.010685 | ✓ | | US TREASURY N/B | 0.004799 | | | US TREASURY N/B | 0.004211 | ✓ | | US TREASURY N/B | 0.004208 | ✓ | | US TREASURY N/B | 0.004193 | | | US TREASURY N/B | 0.004153 | ✓ | | US TREASURY N/B | 0.004130 | ✓ | | US TREASURY N/B | 0.004051 | ✓ | | US TREASURY N/B | 0.003950 | ✓ | | US TREASURY N/B | 0.003933 | ✓ | | US TREASURY N/B | 0.003650 | ✓ | | US TREASURY N/B | 0.003636 | ✓ | | US TREASURY N/B | 0.003633 | ✓ | | US TREASURY N/B | 0.003529 | ✓ | | US TREASURY N/B | 0.003528 | | | US TREASURY N/B | 0.003509 | ✓ | | US TREASURY N/B | 0.003423 | ✓ | | US TREASURY N/B | 0.003304 | | | US TREASURY N/B | 0.003245 | | | US TREASURY N/B | 0.003239 | ✓ | | US TREASURY N/B | 0.003235 | ✓ | | US TREASURY N/B | 0.003207 | ✓ | | US TREASURY N/B | 0.003188 | | | US TREASURY N/B | 0.003167 | | | US TREASURY N/B | 0.003117 | | | US TREASURY N/B | 0.003086 | | | US TREASURY N/B | 0.002885 | | | US TREASURY N/B | 0.002751 | | | US TREASURY N/B | 0.002746 | | | US TREASURY N/B | 0.002725 | | | US TREASURY N/B | 0.002602 | | | US TREASURY N/B | 0.002428 | ✓ | | US TREASURY N/B | 0.002421 | ✓ | | US TREASURY N/B | 0.002415 | ✓ | | US TREASURY N/B | 0.002412 | | | US TREASURY N/B | 0.002401 | | | US TREASURY N/B | 0.002394 | | | US TREASURY N/B | 0.002392 | | | US TREASURY N/B | 0.002360 | ✓ | | US TREASURY N/B | 0.002358 | ✓ | | US TREASURY N/B | 0.002330 | ✓ | | US TREASURY N/B | 0.002312 | | | US TREASURY N/B | 0.002295 | | | US TREASURY N/B | 0.002286 | ✓ | | US TREASURY N/B | 0.002284 | ✓ | | US TREASURY N/B | 0.002276 | | | US TREASURY N/B | 0.002272 | | | US TREASURY N/B | 0.002256 | | | US TREASURY N/B | 0.002244 | | | US TREASURY N/B | 0.002240 | | ## Sources - N-PORT (fund A) — accession `0000836906-26-000277` (as of 2026-03-31) - N-PORT (fund B) — accession `0000794105-26-000185` (as of 2026-03-31) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _