BNDI vs. TLT
Compare and contrast key facts about Neos Enhanced Income Aggregate Bond ETF (BNDI) and iShares 20+ Year Treasury Bond ETF (TLT).
BNDI and TLT 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. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNDI or TLT.
Key characteristics
| BNDI | TLT | |
|---|---|---|
| YTD Return | 2.66% | -3.33% |
| 1Y Return | 9.23% | 9.94% |
| Sharpe Ratio | 1.44 | 0.49 |
| Sortino Ratio | 2.12 | 0.79 |
| Omega Ratio | 1.25 | 1.09 |
| Calmar Ratio | 1.93 | 0.16 |
| Martin Ratio | 5.22 | 1.23 |
| Ulcer Index | 1.61% | 6.00% |
| Daily Std Dev | 5.85% | 15.09% |
| Max Drawdown | -6.98% | -48.35% |
| Current Drawdown | -2.58% | -39.77% |
Correlation
The correlation between BNDI and TLT is 0.90, 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.
Performance
BNDI vs. TLT - Performance Comparison
In the year-to-date period, BNDI achieves a 2.66% return, which is significantly higher than TLT's -3.33% 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. TLT - Expense Ratio Comparison
BNDI has a 0.58% expense ratio, which is higher than TLT's 0.15% expense ratio.
Risk-Adjusted Performance
BNDI vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Neos Enhanced Income Aggregate Bond ETF (BNDI) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
BNDI's dividend yield for the trailing twelve months is around 5.40%, more than TLT's 3.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDI Neos Enhanced Income Aggregate Bond ETF | 5.40% | 5.18% | 1.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 3.98% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
BNDI vs. TLT - Drawdown Comparison
The maximum BNDI drawdown since its inception was -6.98%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for BNDI and TLT. For additional features, visit the drawdowns tool.
Volatility
BNDI vs. TLT - Volatility Comparison
The current volatility for Neos Enhanced Income Aggregate Bond ETF (BNDI) is 1.56%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 5.01%. This indicates that BNDI experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.