BNDI vs. SPYI
Compare and contrast key facts about Neos Enhanced Income Aggregate Bond ETF (BNDI) and NEOS S&P 500 High Income ETF (SPYI).
BNDI and SPYI 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. SPYI is an actively managed fund by Neos Investments. 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 SPYI.
Key characteristics
| BNDI | SPYI | |
|---|---|---|
| YTD Return | 2.50% | 20.00% |
| 1Y Return | 8.25% | 25.06% |
| Sharpe Ratio | 1.47 | 2.75 |
| Sortino Ratio | 2.17 | 3.68 |
| Omega Ratio | 1.26 | 1.59 |
| Calmar Ratio | 1.97 | 3.81 |
| Martin Ratio | 5.35 | 19.17 |
| Ulcer Index | 1.61% | 1.32% |
| Daily Std Dev | 5.86% | 9.17% |
| Max Drawdown | -6.98% | -10.19% |
| Current Drawdown | -2.72% | 0.00% |
Correlation
The correlation between BNDI and SPYI is 0.26, 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. SPYI - Performance Comparison
In the year-to-date period, BNDI achieves a 2.50% return, which is significantly lower than SPYI's 20.00% 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. SPYI - Expense Ratio Comparison
BNDI has a 0.58% expense ratio, which is lower than SPYI's 0.68% expense ratio.
Risk-Adjusted Performance
BNDI vs. SPYI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Neos Enhanced Income Aggregate Bond ETF (BNDI) and NEOS S&P 500 High Income ETF (SPYI). 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. SPYI - Dividend Comparison
BNDI's dividend yield for the trailing twelve months is around 5.41%, less than SPYI's 11.56% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
BNDI Neos Enhanced Income Aggregate Bond ETF | 5.41% | 5.18% | 1.68% |
SPYI NEOS S&P 500 High Income ETF | 11.56% | 12.01% | 4.10% |
Drawdowns
BNDI vs. SPYI - Drawdown Comparison
The maximum BNDI drawdown since its inception was -6.98%, smaller than the maximum SPYI drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for BNDI and SPYI. For additional features, visit the drawdowns tool.
Volatility
BNDI vs. SPYI - Volatility Comparison
The current volatility for Neos Enhanced Income Aggregate Bond ETF (BNDI) is 1.55%, while NEOS S&P 500 High Income ETF (SPYI) has a volatility of 2.68%. This indicates that BNDI experiences smaller price fluctuations and is considered to be less risky than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.