- ISIN
- US78433H4020
- Issuer
- Neos
- Inception Date
- Aug 29, 2022
- Region
- North America (U.S.)
- Category
- Intermediate Core-Plus Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $178M
Share Price Chart
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Performance
BNDI Performance Chart
Neos Enhanced Income Aggregate Bond ETF (BNDI) is up 1.5% since the beginning of the year. BNDI is currently trading at $47 per share.
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Returns By Period
Neos Enhanced Income Aggregate Bond ETF (BNDI) has returned 1.50% so far this year and 6.43% over the past 12 months.
Neos Enhanced Income Aggregate Bond ETF
- 1D
- -0.20%
- 1M
- 0.63%
- YTD
- 1.50%
- 6M
- 1.54%
- 1Y
- 6.43%
- 3Y*
- 4.85%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BNDI Monthly Returns History
Based on dividend-adjusted daily data since Aug 30, 2022, BNDI's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.
Historically, 55% of months were positive and 45% were negative. The best month was Nov 2023 with a return of +4.5%, while the worst month was Sep 2022 at -4.5%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BNDI closed higher 51% of trading days. The best single day was Nov 10, 2022 with a return of +2.1%, while the worst single day was Sep 26, 2022 at -1.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.38% | 1.76% | -1.44% | 0.44% | 0.44% | -0.07% | 1.50% | ||||||
| 2025 | 0.52% | 1.97% | -0.05% | 0.19% | -0.34% | 2.05% | -0.47% | 1.35% | 1.15% | 0.81% | 0.72% | -0.18% | 7.95% |
| 2024 | -0.23% | -1.30% | 0.88% | -2.48% | 1.64% | 0.96% | 2.20% | 1.59% | 1.38% | -2.52% | 1.46% | -1.69% | 1.74% |
| 2023 | 3.42% | -2.44% | 2.96% | 0.77% | -1.13% | -0.29% | 0.00% | -0.45% | -2.72% | -1.33% | 4.51% | 3.72% | 6.89% |
| 2022 | -0.81% | -4.50% | -0.50% | 3.84% | -0.77% | -2.88% |
Benchmark Metrics
Neos Enhanced Income Aggregate Bond ETF has an annualized alpha of 1.66%, beta of 0.14, and R2 of 0.13 versus S&P 500 Index. Calculated based on daily prices since August 30, 2022.
- This ETF participated in 37.99% of S&P 500 Index downside but only 23.83% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.14 may look defensive, but with R2 of 0.13 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.13 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.66%
- Beta
- 0.14
- R²
- 0.13
- Upside Capture
- 23.83%
- Downside Capture
- 37.99%
Expense Ratio
BNDI has an expense ratio of 0.58%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BNDI ranks 47 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Neos Enhanced Income Aggregate Bond ETF (BNDI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BNDI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.78 | -0.44 |
| Martin ratioReturn relative to average drawdown | 8.14 | 12.44 | -4.29 |
Dividends
Dividend History
Neos Enhanced Income Aggregate Bond ETF provided a 6.30% dividend yield over the last twelve months, with an annual payout of $2.95 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $2.95 | $2.70 | $2.58 | $2.51 | $0.80 |
Dividend yield | 6.30% | 5.69% | 5.54% | 5.17% | 1.68% |
Monthly Dividends
The table displays the monthly dividend distributions for Neos Enhanced Income Aggregate Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.23 | $0.23 | $0.23 | $0.23 | $0.23 | $0.22 | $1.37 | ||||||
| 2025 | $0.23 | $0.23 | $0.23 | $0.22 | $0.21 | $0.22 | $0.22 | $0.23 | $0.23 | $0.23 | $0.23 | $0.23 | $2.70 |
| 2024 | $0.22 | $0.21 | $0.21 | $0.20 | $0.20 | $0.20 | $0.20 | $0.23 | $0.24 | $0.23 | $0.23 | $0.23 | $2.58 |
| 2023 | $0.21 | $0.20 | $0.21 | $0.21 | $0.21 | $0.21 | $0.21 | $0.21 | $0.21 | $0.21 | $0.21 | $0.22 | $2.51 |
| 2022 | $0.20 | $0.19 | $0.20 | $0.20 | $0.80 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Neos Enhanced Income Aggregate Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Neos Enhanced Income Aggregate Bond ETF was 7.25%, occurring on Oct 20, 2022. Recovery took 57 trading sessions.
The current Neos Enhanced Income Aggregate Bond ETF drawdown is 0.64%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -7.25%Oct 2022 | 1mo 21d | 2mo 24d | 4mo 15dAug 2022 - Jan 2023 |
2023 pullback2023 | -6.92%Oct 2023 | 6mo 16d | 1mo 25d | 8mo 11dApr 2023 - Dec 2023 |
2025 pullback2025 | -4.57%Jan 2025 | 3mo 28d | 5mo 12d | 9mo 10dSep 2024 - Jun 2025 |
2023 pullback2023 | -4.02%Mar 2023 | 27d | 1mo 2d | 1mo 29dFeb 2023 - Apr 2023 |
2024 pullback2024 | -3.84%Apr 2024 | 2mo 14d | 2mo 26d | 5mo 10dFeb 2024 - Jul 2024 |
Drawdown Indicators
| BNDI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.25% | -56.78% | +49.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -9.10% | +6.35% |
Max Drawdown (3Y)Largest decline over 3 years | -5.83% | -18.90% | +13.07% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.64% | -1.80% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -10.71% | +8.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 2.03% | -1.24% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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