BNDI vs. FLOT
Compare and contrast key facts about Neos Enhanced Income Aggregate Bond ETF (BNDI) and iShares Floating Rate Bond ETF (FLOT).
BNDI and FLOT 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. FLOT is a passively managed fund by iShares that tracks the performance of the Bloomberg US Floating Rate Notes (<5 Y). It was launched on Jun 14, 2011.
Performance
BNDI vs. FLOT - Performance Comparison
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BNDI vs. FLOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BNDI Neos Enhanced Income Aggregate Bond ETF | 0.61% | 7.95% | 1.74% | 6.89% | -2.60% |
FLOT iShares Floating Rate Bond ETF | 0.74% | 4.91% | 6.53% | 6.43% | 1.62% |
Returns By Period
In the year-to-date period, BNDI achieves a 0.61% return, which is significantly lower than FLOT's 0.74% return.
BNDI
- 1D
- -0.07%
- 1M
- -1.16%
- YTD
- 0.61%
- 6M
- 1.70%
- 1Y
- 5.79%
- 3Y*
- 4.37%
- 5Y*
- —
- 10Y*
- —
FLOT
- 1D
- -0.10%
- 1M
- 0.10%
- YTD
- 0.74%
- 6M
- 1.86%
- 1Y
- 4.44%
- 3Y*
- 5.87%
- 5Y*
- 4.01%
- 10Y*
- 2.97%
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BNDI vs. FLOT - Expense Ratio Comparison
BNDI has a 0.58% expense ratio, which is higher than FLOT's 0.20% expense ratio.
Return for Risk
BNDI vs. FLOT — Risk / Return Rank
BNDI
FLOT
BNDI vs. FLOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neos Enhanced Income Aggregate Bond ETF (BNDI) and iShares Floating Rate Bond ETF (FLOT). 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 | FLOT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.19 | 2.10 | -0.92 |
Sortino ratioReturn per unit of downside risk | 1.67 | 2.64 | -0.97 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.95 | -0.73 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.88 | -1.10 |
Martin ratioReturn relative to average drawdown | 6.74 | 22.41 | -15.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BNDI | FLOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 2.10 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.27 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.64 | 0.00 |
Correlation
The correlation between BNDI and FLOT is 0.14, 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.
Dividends
BNDI vs. FLOT - Dividend Comparison
BNDI's dividend yield for the trailing twelve months is around 5.74%, more than FLOT's 4.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDI Neos Enhanced Income Aggregate Bond ETF | 5.74% | 5.69% | 5.54% | 5.17% | 1.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLOT iShares Floating Rate Bond ETF | 4.68% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
Drawdowns
BNDI vs. FLOT - Drawdown Comparison
The maximum BNDI drawdown since its inception was -6.98%, smaller than the maximum FLOT drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for BNDI and FLOT.
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Drawdown Indicators
| BNDI | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.98% | -13.54% | +6.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.37% | -1.57% | -1.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -2.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.54% | — |
Current DrawdownCurrent decline from peak | -1.51% | -0.16% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -0.21% | -1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.20% | +0.69% |
Volatility
BNDI vs. FLOT - Volatility Comparison
Neos Enhanced Income Aggregate Bond ETF (BNDI) has a higher volatility of 2.06% compared to iShares Floating Rate Bond ETF (FLOT) at 0.50%. This indicates that BNDI's price experiences larger fluctuations and is considered to be riskier than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNDI | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.06% | 0.50% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 0.61% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.89% | 2.12% | +2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.27% | 1.77% | +4.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.27% | 4.15% | +2.12% |