BNDS vs. BYLD
Compare and contrast key facts about Infrastructure Capital Bond Income ETF (BNDS) and iShares Yield Optimized Bond ETF (BYLD).
BNDS and BYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BNDS is an actively managed fund by InfraCap. It was launched on Jan 15, 2025. BYLD is a passively managed fund by iShares that tracks the performance of the Morningstar U.S. Bond Market Yield-Optimized Index. It was launched on Apr 22, 2014.
Performance
BNDS vs. BYLD - Performance Comparison
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BNDS vs. BYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BNDS Infrastructure Capital Bond Income ETF | 0.75% | 8.30% |
BYLD iShares Yield Optimized Bond ETF | -0.20% | 8.10% |
Returns By Period
In the year-to-date period, BNDS achieves a 0.75% return, which is significantly higher than BYLD's -0.20% return.
BNDS
- 1D
- 0.50%
- 1M
- -2.04%
- YTD
- 0.75%
- 6M
- 1.75%
- 1Y
- 9.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BYLD
- 1D
- 0.54%
- 1M
- -1.76%
- YTD
- -0.20%
- 6M
- 0.93%
- 1Y
- 5.97%
- 3Y*
- 6.04%
- 5Y*
- 2.16%
- 10Y*
- 3.00%
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BNDS vs. BYLD - Expense Ratio Comparison
BNDS has a 0.81% expense ratio, which is higher than BYLD's 0.17% expense ratio.
Return for Risk
BNDS vs. BYLD — Risk / Return Rank
BNDS
BYLD
BNDS vs. BYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Infrastructure Capital Bond Income ETF (BNDS) and iShares Yield Optimized Bond ETF (BYLD). 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.
| BNDS | BYLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 1.30 | +0.31 |
Sortino ratioReturn per unit of downside risk | 2.15 | 1.83 | +0.32 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.26 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 2.22 | -0.53 |
Martin ratioReturn relative to average drawdown | 7.27 | 8.14 | -0.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BNDS | BYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.30 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.42 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.38 | 0.55 | +0.83 |
Correlation
The correlation between BNDS and BYLD is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BNDS vs. BYLD - Dividend Comparison
BNDS's dividend yield for the trailing twelve months is around 8.11%, more than BYLD's 5.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDS Infrastructure Capital Bond Income ETF | 8.11% | 7.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BYLD iShares Yield Optimized Bond ETF | 5.36% | 5.32% | 5.31% | 4.45% | 3.39% | 2.18% | 3.41% | 3.67% | 4.22% | 3.22% | 3.14% | 3.37% |
Drawdowns
BNDS vs. BYLD - Drawdown Comparison
The maximum BNDS drawdown since its inception was -6.96%, smaller than the maximum BYLD drawdown of -14.75%. Use the drawdown chart below to compare losses from any high point for BNDS and BYLD.
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Drawdown Indicators
| BNDS | BYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.96% | -14.75% | +7.79% |
Max Drawdown (1Y)Largest decline over 1 year | -5.44% | -2.72% | -2.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.75% | — |
Current DrawdownCurrent decline from peak | -2.63% | -1.76% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -2.54% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 0.74% | +0.52% |
Volatility
BNDS vs. BYLD - Volatility Comparison
The current volatility for Infrastructure Capital Bond Income ETF (BNDS) is 1.86%, while iShares Yield Optimized Bond ETF (BYLD) has a volatility of 1.98%. This indicates that BNDS experiences smaller price fluctuations and is considered to be less risky than BYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNDS | BYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 1.98% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 2.70% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 4.60% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.48% | 5.16% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.48% | 5.43% | +0.05% |