IMTB vs. BNDI

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Core 5-10 Year USD Bond ETF (IMTB) and Neos Enhanced Income Aggregate Bond ETF (BNDI).

IMTB and BNDI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMTB is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Universal 5-10 Years Index. It was launched on Nov 1, 2016. BNDI is an actively managed fund by Neos. It was launched on Aug 29, 2022.

Performance

IMTB vs. BNDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core 5-10 Year USD Bond ETF (IMTB) and Neos Enhanced Income Aggregate Bond ETF (BNDI). The values are adjusted to include any dividend payments, if applicable.

IMTB vs. BNDI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IMTB iShares Core 5-10 Year USD Bond ETF	-0.09%	8.88%	1.94%	6.10%	-2.99%
BNDI Neos Enhanced Income Aggregate Bond ETF	0.61%	7.95%	1.74%	6.89%	-2.60%

Returns By Period

In the year-to-date period, IMTB achieves a -0.09% return, which is significantly lower than BNDI's 0.61% return.

IMTB

• 1D: 0.05%
• 1M: -1.37%
• YTD: -0.09%
• 6M: 1.16%
• 1Y: 5.25%
• 3Y*: 4.51%
• 5Y*: 0.69%
• 10Y*: —

BNDI

• 1D: -0.07%
• 1M: -1.16%
• YTD: 0.61%
• 6M: 1.70%
• 1Y: 5.79%
• 3Y*: 4.37%
• 5Y*: —
• 10Y*: —

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

IMTB vs. BNDI - Expense Ratio Comparison

IMTB has a 0.06% expense ratio, which is lower than BNDI's 0.58% expense ratio.

BNDI

Neos Enhanced Income Aggregate Bond ETF

IMTB

iShares Core 5-10 Year USD Bond ETF

Return for Risk

IMTB vs. BNDI — Risk / Return Rank

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

IMTB

IMTB Risk / Return Rank: 64
IMTB Sharpe Ratio Rank: 65
IMTB Sortino Ratio Rank: 66
IMTB Omega Ratio Rank: 55
IMTB Calmar Ratio Rank: 73
IMTB Martin Ratio Rank: 60

BNDI

BNDI Risk / Return Rank: 63
BNDI Sharpe Ratio Rank: 65
BNDI Sortino Ratio Rank: 63
BNDI Omega Ratio Rank: 57
BNDI Calmar Ratio Rank: 66
BNDI Martin Ratio Rank: 64

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.

IMTB vs. BNDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core 5-10 Year USD Bond ETF (IMTB) 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.

	IMTB	BNDI	Difference
Sharpe ratio Return per unit of total volatility	1.20	1.19	+0.01
Sortino ratio Return per unit of downside risk	1.73	1.67	+0.07
Omega ratio Gain probability vs. loss probability	1.21	1.22	-0.01
Calmar ratio Return relative to maximum drawdown	2.02	1.78	+0.24
Martin ratio Return relative to average drawdown	6.33	6.74	-0.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMTB vs. BNDI - Sharpe Ratio Comparison

The current IMTB Sharpe Ratio is 1.20, which is comparable to the BNDI Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of IMTB and BNDI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IMTB	BNDI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	1.19	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.64	-0.27

Correlation

The correlation between IMTB and BNDI is 0.94, 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.

Dividends

IMTB vs. BNDI - Dividend Comparison

IMTB's dividend yield for the trailing twelve months is around 4.47%, less than BNDI's 5.74% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IMTB iShares Core 5-10 Year USD Bond ETF	4.47%	4.40%	4.42%	4.13%	2.90%	2.49%	2.63%	2.91%	3.04%	2.75%	0.40%
BNDI Neos Enhanced Income Aggregate Bond ETF	5.74%	5.69%	5.54%	5.17%	1.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

IMTB vs. BNDI - Drawdown Comparison

The maximum IMTB drawdown since its inception was -18.15%, which is greater than BNDI's maximum drawdown of -6.98%. Use the drawdown chart below to compare losses from any high point for IMTB and BNDI.

Drawdown Indicators

	IMTB	BNDI	Difference
Max Drawdown Largest peak-to-trough decline	-18.15%	-6.98%	-11.17%
Max Drawdown (1Y) Largest decline over 1 year	-2.77%	-3.37%	+0.60%
Max Drawdown (5Y) Largest decline over 5 years	-18.11%	—	—
Current Drawdown Current decline from peak	-1.80%	-1.51%	-0.29%
Average Drawdown Average peak-to-trough decline	-4.18%	-1.75%	-2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	0.89%	-0.01%

Volatility

IMTB vs. BNDI - Volatility Comparison

The current volatility for iShares Core 5-10 Year USD Bond ETF (IMTB) is 1.73%, while Neos Enhanced Income Aggregate Bond ETF (BNDI) has a volatility of 2.06%. This indicates that IMTB experiences smaller price fluctuations and is considered to be less risky than BNDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMTB	BNDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.73%	2.06%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	2.77%	2.85%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	4.40%	4.89%	-0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.24%	6.27%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.20%	6.27%	-1.07%