MLPI vs. BNDI

Last updated Apr 1, 2026

Compare and contrast key facts about Neos MLP & Energy Infrastructure High Income ETF (MLPI) and Neos Enhanced Income Aggregate Bond ETF (BNDI).

MLPI and BNDI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPI is an actively managed fund by Neos. It was launched on Dec 17, 2025. BNDI is an actively managed fund by Neos. It was launched on Aug 29, 2022.

Performance

MLPI vs. BNDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neos MLP & Energy Infrastructure High Income ETF (MLPI) and Neos Enhanced Income Aggregate Bond ETF (BNDI). The values are adjusted to include any dividend payments, if applicable.

MLPI vs. BNDI - Yearly Performance Comparison

	2026 (YTD)	2025
MLPI Neos MLP & Energy Infrastructure High Income ETF	17.27%	0.56%
BNDI Neos Enhanced Income Aggregate Bond ETF	0.68%	-0.07%

Returns By Period

In the year-to-date period, MLPI achieves a 17.27% return, which is significantly higher than BNDI's 0.68% return.

MLPI

• 1D: -0.40%
• 1M: 3.16%
• YTD: 17.27%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNDI

• 1D: 0.72%
• 1M: -1.44%
• YTD: 0.68%
• 6M: 2.04%
• 1Y: 6.09%
• 3Y*: 4.40%
• 5Y*: —
• 10Y*: —

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

MLPI vs. BNDI - Expense Ratio Comparison

MLPI has a 0.68% expense ratio, which is higher than BNDI's 0.58% expense ratio.

MLPI

Neos MLP & Energy Infrastructure High Income ETF

BNDI

Neos Enhanced Income Aggregate Bond ETF

Return for Risk

MLPI 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: 71
BNDI Sharpe Ratio Rank: 72
BNDI Sortino Ratio Rank: 71
BNDI Omega Ratio Rank: 65
BNDI Calmar Ratio Rank: 76
BNDI Martin Ratio Rank: 74

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.

MLPI vs. BNDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neos MLP & Energy Infrastructure High Income ETF (MLPI) 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

	MLPI	BNDI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	7.48	0.64	+6.84

Correlation

The correlation between MLPI and BNDI is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

MLPI vs. BNDI - Dividend Comparison

MLPI's dividend yield for the trailing twelve months is around 3.49%, less than BNDI's 5.73% yield.

	TTM	2025	2024	2023	2022
MLPI Neos MLP & Energy Infrastructure High Income ETF	3.49%	0.00%	0.00%	0.00%	0.00%
BNDI Neos Enhanced Income Aggregate Bond ETF	5.73%	5.69%	5.54%	5.17%	1.68%

Drawdowns

MLPI vs. BNDI - Drawdown Comparison

The maximum MLPI drawdown since its inception was -2.78%, smaller than the maximum BNDI drawdown of -6.98%. Use the drawdown chart below to compare losses from any high point for MLPI and BNDI.

Drawdown Indicators

	MLPI	BNDI	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-6.98%	+4.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.37%	—
Current Drawdown Current decline from peak	-1.19%	-1.44%	+0.25%
Average Drawdown Average peak-to-trough decline	-0.60%	-1.75%	+1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.89%	—

Volatility

Volatility by Period

	MLPI	BNDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.12%	4.91%	+6.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.12%	6.27%	+4.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.12%	6.27%	+4.85%