FTGC vs. BNDI
FTGC (First Trust Global Tactical Commodity Strategy Fund) and BNDI (Neos Enhanced Income Aggregate Bond ETF) are both exchange-traded funds - FTGC is a Commodities fund actively managed by First Trust, while BNDI is a Intermediate Core-Plus Bond fund actively managed by Neos. Both are actively managed. Over the past 3 years, FTGC returned 14.94%/yr vs 4.68%/yr for BNDI. At a correlation of -0.03, they often move in opposite directions. FTGC charges 0.95%/yr vs 0.58%/yr for BNDI.
Performance
FTGC vs. BNDI - Performance Comparison
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Returns By Period
In the year-to-date period, FTGC achieves a 24.40% return, which is significantly higher than BNDI's 0.97% return.
FTGC
- 1D
- 1.00%
- 1M
- 2.09%
- 6M
- 20.91%
- YTD
- 24.40%
- 1Y
- 32.56%
- 3Y*
- 14.94%
- 5Y*
- 12.87%
- 10Y*
- 7.52%
BNDI
- 1D
- -0.31%
- 1M
- -0.52%
- 6M
- 0.72%
- YTD
- 0.97%
- 1Y
- 5.62%
- 3Y*
- 4.68%
- 5Y*
- —
- 10Y*
- —
FTGC vs. BNDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 24.40% | 14.61% | 9.96% | -5.36% | -2.54% |
BNDI Neos Enhanced Income Aggregate Bond ETF | 0.97% | 7.95% | 1.74% | 6.89% | -2.88% |
Correlation
The correlation between FTGC and BNDI is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2022 | -0.03 |
Over the past year, the inverse relationship between FTGC and BNDI has strengthened: their correlation has moved from -0.03 to -0.25, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
FTGC vs. BNDI — Risk / Return Rank
FTGC
BNDI
FTGC vs. BNDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Tactical Commodity Strategy Fund (FTGC) 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.
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.
| FTGC | BNDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.24 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.05 | +0.60 |
| Martin ratioReturn relative to average drawdown | 8.90 | 7.29 | +1.61 |
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Drawdowns
FTGC vs. BNDI - Drawdown Comparison
The maximum FTGC drawdown since its inception was -59.47%, which is greater than BNDI's maximum drawdown of -7.25%. Use the drawdown chart below to compare losses from any high point for FTGC and BNDI.
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Drawdown Indicators
| FTGC | BNDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.47% | -7.25% | -52.22% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -2.75% | -9.59% |
Max Drawdown (3Y)Largest decline over 3 years | -12.34% | -5.83% | -6.51% |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.91% | — | — |
Current DrawdownCurrent decline from peak | -6.71% | -1.29% | -5.42% |
Average DrawdownAverage peak-to-trough decline | -27.27% | -1.71% | -25.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 0.77% | +2.90% |
Volatility
FTGC vs. BNDI - Volatility Comparison
First Trust Global Tactical Commodity Strategy Fund (FTGC) has a higher volatility of 4.23% compared to Neos Enhanced Income Aggregate Bond ETF (BNDI) at 1.49%. This indicates that FTGC's price experiences larger fluctuations and is considered to be riskier than BNDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTGC | BNDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 1.49% | +2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 13.37% | 3.38% | +9.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.77% | 4.17% | +11.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.87% | 6.16% | +9.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.72% | 6.16% | +8.56% |
FTGC vs. BNDI - Expense Ratio Comparison
FTGC has a 0.95% expense ratio, which is higher than BNDI's 0.58% expense ratio.
Dividends
FTGC vs. BNDI - Dividend Comparison
FTGC's dividend yield for the trailing twelve months is around 15.57%, more than BNDI's 5.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BNDI Neos Enhanced Income Aggregate Bond ETF | 5.86% | 5.69% | 5.54% | 5.17% | 1.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 15.57% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% |
Frequently Asked Questions
FTGC and BNDI have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTGC has higher volatility (4.23%) compared to BNDI (1.49%). In terms of maximum drawdown, FTGC dropped -59.47% vs BNDI's -7.25%.
On 3-year performance, FTGC leads with 14.94% vs 4.68% for BNDI. On fees, BNDI is cheaper at 0.58% per year. On volatility, BNDI has been the lower-risk option at 1.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FTGC has performed better with a 14.94% return vs 4.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BNDI is cheaper with a 0.58% expense ratio, compared with 0.95% for FTGC.
FTGC has the higher dividend yield at 15.57%, compared with 5.86% for BNDI.
FTGC is categorized as Commodities, while BNDI is Intermediate Core-Plus Bond. They also come from different issuers: First Trust and Neos. Their fees differ too: 0.95% for FTGC and 0.58% for BNDI.
FTGC currently has the higher Sharpe Ratio (2.08 vs 1.35), 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.
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