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ETF comparison

FBND vs SPMB

Both US Aggregate Bond.

Fidelity Total Bond ETF · State Street SPDR Portfolio Mortgage Backed Bond Index ETF

Holdings overlap

Weighted by ISIN/CUSIP
1.7 %

129 positions appear in both funds. Buying equal dollars of FBND and SPMB would leave roughly 1.7% of each dollar exposed to the same underlying securities.

FBND unmatched 108.1% Shared 1.7% SPMB unmatched 96.4%

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 FBND only
4,501 positions
Shared
129 positions
In SPMB only
2,570 positions

Side by side

FBND

Fidelity Total Bond ETF

Fidelity · US Aggregate Bond

74 composite / 100
Expense ratio
0.36%
Net assets
$28.43B
TTM yield
4.82%
Top-10 conc.
18.5%
SPMB

State Street SPDR Portfolio Mortgage Backed Bond Index ETF

State Street · US Aggregate Bond

87 composite / 100
Expense ratio
0.040%
Net assets
$7.03B
TTM yield
3.94%
Top-10 conc.
6.6%

Sub-score comparison

64
Cost
96
51
Tax efficiency
53
100
Liquidity
93
88
Concentration
100
—
Tracking quality
—
FBND sub-score SPMB

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

Cost difference

SPMB is 32 bps cheaper than FBND. On a $100,000 position that's about $320/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 SPMB.

Top shared holdings

129 shared in total
# Holding In FBND In SPMB Overlap
1 GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 0.16% 0.30% 0.16%
2 GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 0.21% 0.13% 0.13%
3 GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 0.11% 0.18% 0.11%
4 GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 0.11% 0.10% 0.10%
5 FED HOME LOAN MTG CORP - GOLD 0.10% 0.09% 0.09%
6 FNMA GTD MTG PASS THRU CTF 0.09% 0.26% 0.09%
7 FED HOME LOAN MTG CORP - GOLD 0.07% 0.07% 0.07%
8 FED HOME LOAN MTG CORP - GOLD 0.17% 0.06% 0.06%
9 FED HOME LOAN MTG CORP - GOLD 0.06% 0.29% 0.06%
10 GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 0.05% 0.13% 0.05%
11 GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 0.05% 0.11% 0.05%
12 GNMA GUARANTEED PASS THRU CERT 0.07% 0.04% 0.04%

Only in FBND

4,501 total
  • Fidelity Revere Street Trust 3.16%
  • UST NOTES 2.73%
  • UST NOTES 2.04%
  • FNMA/FHLG TBA ISSUER 1.99%
  • UST NOTES 1.97%
  • UNITED STATES TREASURY BOND 1.37%
  • UNITED STATES TREASURY BOND 1.36%
  • UST NOTES 1.36%
  • GNMA II GTD PASS THRU CTF MULTIPLE ISSUER 1.28%
  • FNMA/FHLG TBA ISSUER 1.25%

Only in SPMB

2,570 total
  • Freddie Mac 1.17%
  • Fannie Mae 0.79%
  • Freddie Mac 0.76%
  • UMBS, TBA 0.63%
  • Freddie Mac 0.61%
  • Freddie Mac 0.55%
  • Government National Mortgage Association 0.55%
  • Fannie Mae 0.51%
  • Fannie Mae 0.49%
  • Fannie Mae 0.47%

Percentages are holdings overlap with the named fund.

Open FBND 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.