BNDI vs. NIHI
BNDI (Neos Enhanced Income Aggregate Bond ETF) and NIHI (NEOS MSCI EAFE High Income ETF) are both exchange-traded funds - BNDI is a Intermediate Core-Plus Bond fund actively managed by Neos, while NIHI is a Derivative Income fund actively managed by Neos. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. BNDI charges 0.58%/yr vs 0.68%/yr for NIHI.
Performance
BNDI vs. NIHI - Performance Comparison
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Returns By Period
In the year-to-date period, BNDI achieves a 1.50% return, which is significantly lower than NIHI's 5.71% return.
BNDI
- 1D
- 0.00%
- 1M
- 0.63%
- YTD
- 1.50%
- 6M
- 1.56%
- 1Y
- 6.13%
- 3Y*
- 4.85%
- 5Y*
- —
- 10Y*
- —
NIHI
- 1D
- -1.57%
- 1M
- 0.15%
- YTD
- 5.71%
- 6M
- 5.67%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNDI vs. NIHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BNDI Neos Enhanced Income Aggregate Bond ETF | 1.50% | 0.86% |
NIHI NEOS MSCI EAFE High Income ETF | 5.71% | 4.89% |
Correlation
The correlation between BNDI and NIHI is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025 | 0.51 |
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Return for Risk
BNDI vs. NIHI — Risk / Return Rank
BNDI
NIHI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BNDI vs. NIHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neos Enhanced Income Aggregate Bond ETF (BNDI) and NEOS MSCI EAFE High Income ETF (NIHI). 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 | NIHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | — | — |
| Martin ratioReturn relative to average drawdown | 7.76 | — | — |
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Drawdowns
BNDI vs. NIHI - Drawdown Comparison
The maximum BNDI drawdown since its inception was -7.25%, smaller than the maximum NIHI drawdown of -10.88%. Use the drawdown chart below to compare losses from any high point for BNDI and NIHI.
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Drawdown Indicators
| BNDI | NIHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.25% | -10.88% | +3.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.83% | — | — |
Current DrawdownCurrent decline from peak | -0.64% | -1.64% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -2.29% | +0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | — | — |
Volatility
BNDI vs. NIHI - Volatility Comparison
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Volatility by Period
| BNDI | NIHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.25% | 15.27% | -11.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 15.27% | -9.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.18% | 15.27% | -9.09% |
BNDI vs. NIHI - Expense Ratio Comparison
BNDI has a 0.58% expense ratio, which is lower than NIHI's 0.68% expense ratio.
Dividends
BNDI vs. NIHI - Dividend Comparison
BNDI's dividend yield for the trailing twelve months is around 6.30%, less than NIHI's 8.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BNDI Neos Enhanced Income Aggregate Bond ETF | 6.30% | 5.69% | 5.54% | 5.17% | 1.68% |
NIHI NEOS MSCI EAFE High Income ETF | 8.72% | 3.44% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BNDI and NIHI have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BNDI is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNDI is cheaper with a 0.58% expense ratio, compared with 0.68% for NIHI.
NIHI has the higher dividend yield at 8.72%, compared with 6.30% for BNDI.
BNDI is categorized as Intermediate Core-Plus Bond, while NIHI is Derivative Income. Their fees differ too: 0.58% for BNDI and 0.68% for NIHI.
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