BNDI vs. TLTIX

Last updated Jun 24, 2026

BNDI (Neos Enhanced Income Aggregate Bond ETF) and TLTIX (TIAA-CREF Lifecycle Index 2010 Fund) are both funds - BNDI is a Intermediate Core-Plus Bond fund actively managed by Neos, while TLTIX is a Target Retirement Date fund managed by TIAA Investments. Over the past 3 years, BNDI returned 4.85%/yr vs 9.97%/yr for TLTIX. A 0.69 correlation means they provide meaningful diversification when combined. BNDI charges 0.58%/yr vs 0.10%/yr for TLTIX.

Performance

BNDI vs. TLTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neos Enhanced Income Aggregate Bond ETF (BNDI) and TIAA-CREF Lifecycle Index 2010 Fund (TLTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNDI achieves a 1.50% return, which is significantly lower than TLTIX's 4.79% return.

BNDI

• 1D: 0.00%
• 1M: 0.63%
• YTD: 1.50%
• 6M: 1.56%
• 1Y: 6.13%
• 3Y*: 4.85%
• 5Y*: —
• 10Y*: —

TLTIX

• 1D: -0.17%
• 1M: 0.84%
• YTD: 4.79%
• 6M: 4.66%
• 1Y: 12.22%
• 3Y*: 9.97%
• 5Y*: 4.62%
• 10Y*: 6.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BNDI vs. TLTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BNDI Neos Enhanced Income Aggregate Bond ETF	1.50%	7.95%	1.74%	6.89%	-2.88%
TLTIX TIAA-CREF Lifecycle Index 2010 Fund	4.79%	12.10%	7.39%	11.41%	-2.37%

Correlation

The correlation between BNDI and TLTIX is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since Aug 30, 2022	0.69

The correlation between BNDI and TLTIX has been stable across timeframes, ranging from 0.68 to 0.69 - a consistent structural relationship.

Return for Risk

BNDI vs. TLTIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BNDI

BNDI Risk / Return Rank: 45
BNDI Sharpe Ratio Rank: 43
BNDI Sortino Ratio Rank: 46
BNDI Omega Ratio Rank: 42
BNDI Calmar Ratio Rank: 47
BNDI Martin Ratio Rank: 48

TLTIX

TLTIX Risk / Return Rank: 72
TLTIX Sharpe Ratio Rank: 73
TLTIX Sortino Ratio Rank: 75
TLTIX Omega Ratio Rank: 75
TLTIX Calmar Ratio Rank: 65
TLTIX Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BNDI vs. TLTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neos Enhanced Income Aggregate Bond ETF (BNDI) and TIAA-CREF Lifecycle Index 2010 Fund (TLTIX). 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	TLTIX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	2.29	-0.83
Sortino ratio: Return per unit of downside risk	2.21	3.29	-1.08
Omega ratio: Gain probability vs. loss probability	1.26	1.45	-0.18
Calmar ratio: Return relative to maximum drawdown	2.24	2.96	-0.72
Martin ratio: Return relative to average drawdown	7.76	12.96	-5.20

BNDI vs. TLTIX - Sharpe Ratio Comparison

The current BNDI Sharpe Ratio is 1.45, which is lower than the TLTIX Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of BNDI and TLTIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BNDI vs. TLTIX - Drawdown Comparison

The maximum BNDI drawdown since its inception was -7.25%, smaller than the maximum TLTIX drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for BNDI and TLTIX.

Drawdown Indicators

	BNDI	TLTIX	Difference
Max Drawdown Largest peak-to-trough decline	-7.25%	-18.15%	+10.90%
Max Drawdown (1Y) Largest decline over 1 year	-2.75%	-4.32%	+1.57%
Max Drawdown (3Y) Largest decline over 3 years	-5.83%	-9.76%	+3.93%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.15%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-18.15%	—
Current Drawdown Current decline from peak	-0.64%	-0.33%	-0.31%
Average Drawdown Average peak-to-trough decline	-1.72%	-2.59%	+0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	0.98%	-0.19%

Volatility

BNDI vs. TLTIX - Volatility Comparison

The current volatility for Neos Enhanced Income Aggregate Bond ETF (BNDI) is 1.43%, while TIAA-CREF Lifecycle Index 2010 Fund (TLTIX) has a volatility of 2.30%. This indicates that BNDI experiences smaller price fluctuations and is considered to be less risky than TLTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BNDI	TLTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.43%	2.30%	-0.87%
Volatility (6M) Calculated over the trailing 6-month period	3.28%	4.71%	-1.43%
Volatility (1Y) Calculated over the trailing 1-year period	4.25%	5.61%	-1.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.18%	7.97%	-1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.18%	7.57%	-1.39%

BNDI vs. TLTIX - Expense Ratio Comparison

BNDI has a 0.58% expense ratio, which is higher than TLTIX's 0.10% expense ratio.

Dividends

BNDI vs. TLTIX - Dividend Comparison

BNDI's dividend yield for the trailing twelve months is around 6.30%, more than TLTIX's 6.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNDI Neos Enhanced Income Aggregate Bond ETF	6.30%	5.69%	5.54%	5.17%	1.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TLTIX TIAA-CREF Lifecycle Index 2010 Fund	6.15%	6.44%	6.57%	3.44%	3.48%	4.81%	2.36%	2.34%	3.11%	0.18%	2.29%	0.23%

Frequently Asked Questions

Can I hold both BNDI and TLTIX in my portfolio?

BNDI and TLTIX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BNDI or TLTIX?

TLTIX has higher volatility (2.30%) compared to BNDI (1.43%). In terms of maximum drawdown, BNDI dropped -7.25% vs TLTIX's -18.15%.

Which has better risk-adjusted returns?

TLTIX currently has the higher Sharpe Ratio (2.29 vs 1.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.