BNDI vs. BNDS

Last updated Apr 2, 2026

Compare and contrast key facts about Neos Enhanced Income Aggregate Bond ETF (BNDI) and Infrastructure Capital Bond Income ETF (BNDS).

BNDI and BNDS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BNDI is an actively managed fund by Neos. It was launched on Aug 29, 2022. BNDS is an actively managed fund by InfraCap. It was launched on Jan 15, 2025.

Performance

BNDI vs. BNDS - Performance Comparison

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

BNDI vs. BNDS - Yearly Performance Comparison

	2026 (YTD)	2025
BNDI Neos Enhanced Income Aggregate Bond ETF	0.61%	8.14%
BNDS Infrastructure Capital Bond Income ETF	0.89%	8.30%

Returns By Period

In the year-to-date period, BNDI achieves a 0.61% return, which is significantly lower than BNDS's 0.89% return.

BNDI

• 1D: -0.07%
• 1M: -1.16%
• YTD: 0.61%
• 6M: 1.70%
• 1Y: 5.79%
• 3Y*: 4.37%
• 5Y*: —
• 10Y*: —

BNDS

• 1D: 0.13%
• 1M: -1.80%
• YTD: 0.89%
• 6M: 1.58%
• 1Y: 9.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BNDI vs. BNDS - Expense Ratio Comparison

BNDI has a 0.58% expense ratio, which is lower than BNDS's 0.81% expense ratio.

BNDS

Infrastructure Capital Bond Income ETF

BNDI

Neos Enhanced Income Aggregate Bond ETF

Return for Risk

BNDI vs. BNDS — Risk / Return Rank

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

BNDI

BNDI Risk / Return Rank: 63
BNDI Sharpe Ratio Rank: 65
BNDI Sortino Ratio Rank: 63
BNDI Omega Ratio Rank: 57
BNDI Calmar Ratio Rank: 66
BNDI Martin Ratio Rank: 64

BNDS

BNDS Risk / Return Rank: 74
BNDS Sharpe Ratio Rank: 80
BNDS Sortino Ratio Rank: 79
BNDS Omega Ratio Rank: 88
BNDS Calmar Ratio Rank: 59
BNDS Martin Ratio Rank: 64

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.

BNDI vs. BNDS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neos Enhanced Income Aggregate Bond ETF (BNDI) and Infrastructure Capital Bond Income ETF (BNDS). 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.

	BNDI	BNDS	Difference
Sharpe ratio Return per unit of total volatility	1.19	1.62	-0.43
Sortino ratio Return per unit of downside risk	1.67	2.16	-0.49
Omega ratio Gain probability vs. loss probability	1.22	1.38	-0.16
Calmar ratio Return relative to maximum drawdown	1.78	1.74	+0.04
Martin ratio Return relative to average drawdown	6.74	7.46	-0.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BNDI vs. BNDS - Sharpe Ratio Comparison

The current BNDI Sharpe Ratio is 1.19, which is comparable to the BNDS Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of BNDI and BNDS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BNDI	BNDS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	1.62	-0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	1.40	-0.76

Correlation

The correlation between BNDI and BNDS is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BNDI vs. BNDS - Dividend Comparison

BNDI's dividend yield for the trailing twelve months is around 5.74%, less than BNDS's 8.10% yield.

	TTM	2025	2024	2023	2022
BNDI Neos Enhanced Income Aggregate Bond ETF	5.74%	5.69%	5.54%	5.17%	1.68%
BNDS Infrastructure Capital Bond Income ETF	8.10%	7.98%	0.00%	0.00%	0.00%

Drawdowns

BNDI vs. BNDS - Drawdown Comparison

The maximum BNDI drawdown since its inception was -6.98%, roughly equal to the maximum BNDS drawdown of -6.96%. Use the drawdown chart below to compare losses from any high point for BNDI and BNDS.

Drawdown Indicators

	BNDI	BNDS	Difference
Max Drawdown Largest peak-to-trough decline	-6.98%	-6.96%	-0.02%
Max Drawdown (1Y) Largest decline over 1 year	-3.37%	-5.44%	+2.07%
Current Drawdown Current decline from peak	-1.51%	-2.50%	+0.99%
Average Drawdown Average peak-to-trough decline	-1.75%	-0.89%	-0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.89%	1.27%	-0.38%

Volatility

BNDI vs. BNDS - Volatility Comparison

Neos Enhanced Income Aggregate Bond ETF (BNDI) has a higher volatility of 2.06% compared to Infrastructure Capital Bond Income ETF (BNDS) at 1.87%. This indicates that BNDI's price experiences larger fluctuations and is considered to be riskier than BNDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BNDI	BNDS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.06%	1.87%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	2.85%	2.74%	+0.11%
Volatility (1Y) Calculated over the trailing 1-year period	4.89%	5.82%	-0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.27%	5.48%	+0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.27%	5.48%	+0.79%