BCPL vs. BNDI

Last updated Jul 17, 2026

BCPL (BNY Mellon Core Plus ETF) and BNDI (Neos Enhanced Income Aggregate Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. BCPL charges 0.40%/yr vs 0.58%/yr for BNDI.

Performance

BCPL vs. BNDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Core Plus ETF (BCPL) and Neos Enhanced Income Aggregate Bond ETF (BNDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BCPL

• 1D: -0.12%
• 1M: -0.73%
• 6M: 0.30%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNDI

• 1D: -0.14%
• 1M: -0.34%
• 6M: 0.92%
• YTD: 1.34%
• 1Y: 6.05%
• 3Y*: 4.78%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCPL vs. BNDI - Yearly Performance Comparison

	2026 (YTD)
BCPL BNY Mellon Core Plus ETF	0.18%
BNDI Neos Enhanced Income Aggregate Bond ETF	0.98%

Correlation

The correlation between BCPL and BNDI is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 12, 2026	0.90

Return for Risk

BCPL vs. BNDI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCPL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BNDI

BNDI Risk / Return Rank: 55
BNDI Sharpe Ratio Rank: 53
BNDI Sortino Ratio Rank: 58
BNDI Omega Ratio Rank: 51
BNDI Calmar Ratio Rank: 55
BNDI Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCPL vs. BNDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Core Plus ETF (BCPL) and Neos Enhanced Income Aggregate Bond ETF (BNDI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	BCPL	BNDI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.46	—
Sortino ratio: Return per unit of downside risk	—	2.21	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.21	—
Martin ratio: Return relative to average drawdown	—	7.79	—

Drawdowns

BCPL vs. BNDI - Drawdown Comparison

The maximum BCPL drawdown since its inception was -2.95%, smaller than the maximum BNDI drawdown of -7.25%. Use the drawdown chart below to compare losses from any high point for BCPL and BNDI.

Drawdown Indicators

	BCPL	BNDI	Difference
Max Drawdown Largest peak-to-trough decline	-2.95%	-7.25%	+4.30%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.75%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.83%	—
Current Drawdown Current decline from peak	-1.36%	-0.92%	-0.44%
Average Drawdown Average peak-to-trough decline	-1.03%	-1.70%	+0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.78%	—

Volatility

Volatility by Period

	BCPL	BNDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.00%	4.16%	-0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.00%	6.15%	-2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.00%	6.15%	-2.15%

BCPL vs. BNDI - Expense Ratio Comparison

BCPL has a 0.40% expense ratio, which is lower than BNDI's 0.58% expense ratio.

Dividends

BCPL vs. BNDI - Dividend Comparison

BCPL's dividend yield for the trailing twelve months is around 1.94%, less than BNDI's 6.34% yield.

Position	TTM	2025	2024	2023	2022
BCPL BNY Mellon Core Plus ETF	1.94%	0.00%	0.00%	0.00%	0.00%
BNDI Neos Enhanced Income Aggregate Bond ETF	6.34%	5.69%	5.54%	5.17%	1.68%

Frequently Asked Questions

Can I hold both BCPL and BNDI in my portfolio?

With a correlation of 0.90, BCPL and BNDI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, BCPL or BNDI?

On fees, BCPL is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCPL or BNDI?

BCPL is cheaper with a 0.40% expense ratio, compared with 0.58% for BNDI.

Which ETF pays a higher dividend yield, BCPL or BNDI?

BNDI has the higher dividend yield at 6.34%, compared with 1.94% for BCPL.

What is the main difference between BCPL and BNDI?

They also come from different issuers: BNY Mellon and Neos. Their fees differ too: 0.40% for BCPL and 0.58% for BNDI.