BNDP vs. BNDI

Last updated Jun 5, 2026

BNDP (Vanguard Core-Plus Bond Index ETF) and BNDI (Neos Enhanced Income Aggregate Bond ETF) are both Intermediate Core-Plus Bond funds. BNDP is passively managed, while BNDI is actively managed. Their correlation of 0.95 suggests significant overlap in exposure. BNDP charges 0.05%/yr vs 0.58%/yr for BNDI.

Performance

BNDP vs. BNDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Core-Plus Bond Index ETF (BNDP) and Neos Enhanced Income Aggregate Bond ETF (BNDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNDP achieves a 0.59% return, which is significantly lower than BNDI's 1.46% return.

BNDP

• 1D: 0.26%
• 1M: 0.51%
• YTD: 0.59%
• 6M: 0.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNDI

• 1D: 0.17%
• 1M: 0.31%
• YTD: 1.46%
• 6M: 1.61%
• 1Y: 6.66%
• 3Y*: 4.89%
• 5Y*: —
• 10Y*: —

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

BNDP vs. BNDI - Yearly Performance Comparison

	2026 (YTD)	2025
BNDP Vanguard Core-Plus Bond Index ETF	0.59%	0.10%
BNDI Neos Enhanced Income Aggregate Bond ETF	1.46%	0.15%

Correlation

The correlation between BNDP and BNDI is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 5, 2025	0.95

Return for Risk

BNDP vs. BNDI — Risk / Return Rank

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

BNDI

BNDI Risk / Return Rank: 49
BNDI Sharpe Ratio Rank: 47
BNDI Sortino Ratio Rank: 51
BNDI Omega Ratio Rank: 46
BNDI Calmar Ratio Rank: 50
BNDI Martin Ratio Rank: 52

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.

BNDP vs. BNDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond Index ETF (BNDP) and Neos Enhanced Income Aggregate Bond ETF (BNDI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BNDP	BNDI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.66	-0.27

Drawdowns

BNDP vs. BNDI - Drawdown Comparison

The maximum BNDP drawdown since its inception was -2.60%, smaller than the maximum BNDI drawdown of -6.98%. Use the drawdown chart below to compare losses from any high point for BNDP and BNDI.

Drawdown Indicators

	BNDP	BNDI	Difference
Max Drawdown Largest peak-to-trough decline	-2.60%	-6.98%	+4.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.75%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.83%	—
Current Drawdown Current decline from peak	-1.05%	-0.67%	-0.38%
Average Drawdown Average peak-to-trough decline	-0.86%	-1.71%	+0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.77%	—

Volatility

Volatility by Period

	BNDP	BNDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.64%	4.17%	-0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.64%	6.19%	-2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.64%	6.19%	-2.55%

BNDP vs. BNDI - Expense Ratio Comparison

BNDP has a 0.05% expense ratio, which is lower than BNDI's 0.58% expense ratio.

Dividends

BNDP vs. BNDI - Dividend Comparison

BNDP's dividend yield for the trailing twelve months is around 2.07%, less than BNDI's 5.79% yield.

Position	TTM	2025	2024	2023	2022
BNDI Neos Enhanced Income Aggregate Bond ETF	5.79%	5.69%	5.54%	5.17%	1.68%
BNDP Vanguard Core-Plus Bond Index ETF	2.07%	0.24%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BNDP and BNDI in my portfolio?

With a correlation of 0.95, BNDP and BNDI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, BNDP or BNDI?

On fees, BNDP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BNDP or BNDI?

BNDP is cheaper with a 0.05% expense ratio, compared with 0.58% for BNDI.

Which ETF pays a higher dividend yield, BNDP or BNDI?

BNDI has the higher dividend yield at 5.79%, compared with 2.07% for BNDP.

What is the main difference between BNDP and BNDI?

They also come from different issuers: Vanguard and Neos. Their fees differ too: 0.05% for BNDP and 0.58% for BNDI.