BNDI vs. CSHI
Compare and contrast key facts about Neos Enhanced Income Aggregate Bond ETF (BNDI) and Neos Enhanced Income Cash Alternative ETF (CSHI).
BNDI and CSHI 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. CSHI is a passively managed fund by Neos that tracks the performance of the NONE. It was launched on Aug 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNDI or CSHI.
Key characteristics
| BNDI | CSHI | |
|---|---|---|
| YTD Return | 2.66% | 4.93% |
| 1Y Return | 9.23% | 5.70% |
| Sharpe Ratio | 1.44 | 5.73 |
| Sortino Ratio | 2.12 | 9.68 |
| Omega Ratio | 1.25 | 2.95 |
| Calmar Ratio | 1.93 | 14.25 |
| Martin Ratio | 5.22 | 139.76 |
| Ulcer Index | 1.61% | 0.04% |
| Daily Std Dev | 5.85% | 1.00% |
| Max Drawdown | -6.98% | -0.40% |
| Current Drawdown | -2.58% | 0.00% |
Correlation
The correlation between BNDI and CSHI is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BNDI vs. CSHI - Performance Comparison
In the year-to-date period, BNDI achieves a 2.66% return, which is significantly lower than CSHI's 4.93% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BNDI vs. CSHI - Expense Ratio Comparison
BNDI has a 0.58% expense ratio, which is higher than CSHI's 0.38% expense ratio.
Risk-Adjusted Performance
BNDI vs. CSHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Neos Enhanced Income Aggregate Bond ETF (BNDI) and Neos Enhanced Income Cash Alternative ETF (CSHI). 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.
Dividends
BNDI vs. CSHI - Dividend Comparison
BNDI's dividend yield for the trailing twelve months is around 5.40%, less than CSHI's 5.80% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
BNDI Neos Enhanced Income Aggregate Bond ETF | 5.40% | 5.18% | 1.68% |
CSHI Neos Enhanced Income Cash Alternative ETF | 5.80% | 6.15% | 1.52% |
Drawdowns
BNDI vs. CSHI - Drawdown Comparison
The maximum BNDI drawdown since its inception was -6.98%, which is greater than CSHI's maximum drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for BNDI and CSHI. For additional features, visit the drawdowns tool.
Volatility
BNDI vs. CSHI - Volatility Comparison
Neos Enhanced Income Aggregate Bond ETF (BNDI) has a higher volatility of 1.56% compared to Neos Enhanced Income Cash Alternative ETF (CSHI) at 0.15%. This indicates that BNDI's price experiences larger fluctuations and is considered to be riskier than CSHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.