BNDI vs. BCPL
BNDI (Neos Enhanced Income Aggregate Bond ETF) and BCPL (BNY Mellon Core Plus ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Their correlation of 0.91 means they have usually moved in the same direction. BNDI charges 0.58%/yr vs 0.40%/yr for BCPL.
Performance
BNDI vs. BCPL - Performance Comparison
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Returns By Period
BNDI
- 1D
- 0.39%
- 1M
- -0.76%
- 6M
- 0.76%
- YTD
- 1.03%
- 1Y
- 4.24%
- 3Y*
- 4.98%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.67%
BCPL
- 1D
- 0.16%
- 1M
- -1.25%
- 6M
- -0.29%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $650.44K | $959.69K | $1.33M | |
| $1.17M | $1.21M | $1.43M |
BNDI vs. BCPL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BNDI Neos Enhanced Income Aggregate Bond ETF | 0.67% |
BCPL BNY Mellon Core Plus ETF | -0.47% |
Correlation
The correlation between BNDI and BCPL is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 12, 2026 | 0.91 |
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Return for Risk
BNDI vs. BCPL — Risk / Return Rank
BNDI
BCPL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BNDI vs. BCPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neos Enhanced Income Aggregate Bond ETF (BNDI) and BNY Mellon Core Plus ETF (BCPL). 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 | BCPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.18 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | — | — |
| Martin ratioReturn relative to average drawdown | 5.12 | — | — |
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Drawdowns
BNDI vs. BCPL - Drawdown Comparison
The maximum BNDI drawdown since its inception was -7.25%, which is greater than BCPL's maximum drawdown of -2.95%. Use the drawdown chart below to compare losses from any high point for BNDI and BCPL.
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Drawdown Indicators
| BNDI | BCPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.25% | -2.95% | -4.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.90% | — | — |
Current DrawdownCurrent decline from peak | -1.23% | -2.00% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -1.70% | -1.10% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | — | — |
Volatility
BNDI vs. BCPL - Volatility Comparison
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Volatility by Period
| BNDI | BCPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.37% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 3.94% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.13% | 3.94% | +2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.13% | 3.94% | +2.19% |
BNDI vs. BCPL - Expense Ratio Comparison
BNDI has a 0.58% expense ratio, which is higher than BCPL's 0.40% expense ratio.
Dividends
BNDI vs. BCPL - Dividend Comparison
BNDI's dividend yield for the trailing twelve months is around 5.89%, more than BCPL's 2.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BCPL BNY Mellon Core Plus ETF | 2.37% | 0.00% | 0.00% | 0.00% | 0.00% |
BNDI Neos Enhanced Income Aggregate Bond ETF | 5.89% | 5.69% | 5.54% | 5.17% | 1.68% |
Frequently Asked Questions
With a correlation of 0.91, BNDI and BCPL 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.
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.
BCPL is cheaper with a 0.40% expense ratio, compared with 0.58% for BNDI.
BNDI has the higher dividend yield at 5.89%, compared with 2.37% for BCPL.
They also come from different issuers: Neos and BNY Mellon. Their fees differ too: 0.58% for BNDI and 0.40% for BCPL.
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