BNDI vs. GOVT
Compare and contrast key facts about Neos Enhanced Income Aggregate Bond ETF (BNDI) and iShares U.S. Treasury Bond ETF (GOVT).
BNDI and GOVT 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. GOVT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Bond Index. It was launched on Feb 14, 2012.
Performance
BNDI vs. GOVT - Performance Comparison
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BNDI vs. GOVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BNDI Neos Enhanced Income Aggregate Bond ETF | 0.68% | 7.95% | 1.74% | 6.89% | -2.60% |
GOVT iShares U.S. Treasury Bond ETF | 0.08% | 3.77% | 2.95% | 4.17% | -3.22% |
Returns By Period
In the year-to-date period, BNDI achieves a 0.68% return, which is significantly higher than GOVT's 0.08% return.
BNDI
- 1D
- 0.72%
- 1M
- -1.44%
- YTD
- 0.68%
- 6M
- 2.04%
- 1Y
- 6.09%
- 3Y*
- 4.40%
- 5Y*
- —
- 10Y*
- —
GOVT
- 1D
- 0.09%
- 1M
- -1.70%
- YTD
- 0.08%
- 6M
- 0.83%
- 1Y
- 3.24%
- 3Y*
- 2.55%
- 5Y*
- -0.24%
- 10Y*
- 0.96%
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BNDI vs. GOVT - Expense Ratio Comparison
BNDI has a 0.58% expense ratio, which is higher than GOVT's 0.15% expense ratio.
Return for Risk
BNDI vs. GOVT — Risk / Return Rank
BNDI
GOVT
BNDI vs. GOVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neos Enhanced Income Aggregate Bond ETF (BNDI) and iShares U.S. Treasury Bond ETF (GOVT). 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 | GOVT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 0.80 | +0.45 |
Sortino ratioReturn per unit of downside risk | 1.75 | 1.17 | +0.58 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.14 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | 1.35 | +0.60 |
Martin ratioReturn relative to average drawdown | 7.42 | 3.49 | +3.94 |
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 | GOVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.80 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.04 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.27 | +0.38 |
Correlation
The correlation between BNDI and GOVT is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BNDI vs. GOVT - Dividend Comparison
BNDI's dividend yield for the trailing twelve months is around 5.73%, more than GOVT's 3.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDI Neos Enhanced Income Aggregate Bond ETF | 5.73% | 5.69% | 5.54% | 5.17% | 1.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GOVT iShares U.S. Treasury Bond ETF | 3.53% | 3.49% | 3.14% | 2.65% | 1.77% | 0.96% | 2.17% | 1.98% | 1.97% | 1.57% | 1.40% | 1.25% |
Drawdowns
BNDI vs. GOVT - Drawdown Comparison
The maximum BNDI drawdown since its inception was -6.98%, smaller than the maximum GOVT drawdown of -19.07%. Use the drawdown chart below to compare losses from any high point for BNDI and GOVT.
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Drawdown Indicators
| BNDI | GOVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.98% | -19.07% | +12.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.37% | -2.58% | -0.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.60% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.07% | — |
Current DrawdownCurrent decline from peak | -1.44% | -7.00% | +5.56% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -5.23% | +3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 1.00% | -0.11% |
Volatility
BNDI vs. GOVT - Volatility Comparison
Neos Enhanced Income Aggregate Bond ETF (BNDI) has a higher volatility of 2.07% compared to iShares U.S. Treasury Bond ETF (GOVT) at 1.45%. This indicates that BNDI's price experiences larger fluctuations and is considered to be riskier than GOVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNDI | GOVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.07% | 1.45% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 2.45% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.91% | 4.06% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.27% | 6.03% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.27% | 5.23% | +1.04% |