BNDI vs. AGG
BNDI (Neos Enhanced Income Aggregate Bond ETF) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - BNDI is a Intermediate Core-Plus Bond fund actively managed by Neos, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. BNDI is actively managed, while AGG is passively managed. Over the past 3 years, BNDI returned 4.85%/yr vs 3.96%/yr for AGG. With a 0.97 correlation, they move nearly in lockstep. BNDI charges 0.58%/yr vs 0.03%/yr for AGG.
Performance
BNDI vs. AGG - Performance Comparison
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Returns By Period
In the year-to-date period, BNDI achieves a 1.50% return, which is significantly higher than AGG's 0.47% return.
BNDI
- 1D
- 0.00%
- 1M
- 0.63%
- YTD
- 1.50%
- 6M
- 1.56%
- 1Y
- 6.13%
- 3Y*
- 4.85%
- 5Y*
- —
- 10Y*
- —
AGG
- 1D
- 0.08%
- 1M
- 0.61%
- YTD
- 0.47%
- 6M
- 0.55%
- 1Y
- 4.33%
- 3Y*
- 3.96%
- 5Y*
- 0.07%
- 10Y*
- 1.54%
BNDI vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BNDI Neos Enhanced Income Aggregate Bond ETF | 1.50% | 7.95% | 1.74% | 6.89% | -2.88% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.47% | 7.19% | 1.31% | 5.65% | -3.02% |
Correlation
The correlation between BNDI and AGG is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2022 | 0.97 |
The correlation between BNDI and AGG has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
BNDI vs. AGG — Risk / Return Rank
BNDI
AGG
BNDI vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neos Enhanced Income Aggregate Bond ETF (BNDI) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
| BNDI | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 1.57 | +0.67 |
| Martin ratioReturn relative to average drawdown | 7.76 | 4.54 | +3.22 |
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Drawdowns
BNDI vs. AGG - Drawdown Comparison
The maximum BNDI drawdown since its inception was -7.25%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for BNDI and AGG.
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Drawdown Indicators
| BNDI | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.25% | -18.43% | +11.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -2.76% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -5.83% | -6.11% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.82% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.43% | — |
Current DrawdownCurrent decline from peak | -0.64% | -1.93% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -2.71% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.96% | -0.17% |
Volatility
BNDI vs. AGG - Volatility Comparison
Neos Enhanced Income Aggregate Bond ETF (BNDI) has a higher volatility of 1.43% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.10%. This indicates that BNDI's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNDI | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.10% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | 2.83% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.25% | 3.81% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 6.10% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.18% | 5.41% | +0.77% |
BNDI vs. AGG - Expense Ratio Comparison
BNDI has a 0.58% expense ratio, which is higher than AGG's 0.03% expense ratio.
Dividends
BNDI vs. AGG - Dividend Comparison
BNDI's dividend yield for the trailing twelve months is around 6.30%, more than AGG's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.98% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
BNDI Neos Enhanced Income Aggregate Bond ETF | 6.30% | 5.69% | 5.54% | 5.17% | 1.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, BNDI and AGG 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.
BNDI has higher volatility (1.43%) compared to AGG (1.10%). In terms of maximum drawdown, BNDI dropped -7.25% vs AGG's -18.43%.
On 3-year performance, BNDI leads with 4.85% vs 3.96% for AGG. On fees, AGG is cheaper at 0.03% per year. On volatility, AGG has been the lower-risk option at 1.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BNDI has performed better with a 4.85% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGG is cheaper with a 0.03% expense ratio, compared with 0.58% for BNDI.
BNDI has the higher dividend yield at 6.30%, compared with 3.98% for AGG.
BNDI is categorized as Intermediate Core-Plus Bond, while AGG is Total Bond Market. They also come from different issuers: Neos and iShares. Their fees differ too: 0.58% for BNDI and 0.03% for AGG.
BNDI currently has the higher Sharpe Ratio (1.45 vs 1.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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