NIHI vs. BNDI

Last updated Jun 5, 2026

NIHI (NEOS MSCI EAFE High Income ETF) and BNDI (Neos Enhanced Income Aggregate Bond ETF) are both exchange-traded funds - NIHI is a Derivative Income fund actively managed by Neos, while BNDI is a Intermediate Core-Plus Bond fund actively managed by Neos. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. NIHI charges 0.68%/yr vs 0.58%/yr for BNDI.

Performance

NIHI vs. BNDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS MSCI EAFE High Income ETF (NIHI) 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, NIHI achieves a 6.43% return, which is significantly higher than BNDI's 1.46% return.

NIHI

• 1D: 0.56%
• 1M: 2.77%
• YTD: 6.43%
• 6M: 8.70%
• 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)

NIHI vs. BNDI - Yearly Performance Comparison

	2026 (YTD)	2025
NIHI NEOS MSCI EAFE High Income ETF	6.43%	5.33%
BNDI Neos Enhanced Income Aggregate Bond ETF	1.46%	1.05%

Correlation

The correlation between NIHI and BNDI is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	0.49

NIHI vs. BNDI - Sectors Allocation Comparison

Sectors	NIHI	BNDI
Financial Services	22.9%	11.8%
Industrials	20.5%	8.3%
Technology	10.2%	35.6%
Healthcare	9.8%	8.5%
Consumer Cyclical	8.2%	10.1%
Basic Materials	6.6%	1.8%
Consumer Defensive	6.4%	4.9%
Communication Services	4.5%	11.2%
Energy	4.0%	3.5%
Utilities	3.8%	2.4%
Real Estate	3.1%	1.9%

Return for Risk

NIHI 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.

NIHI vs. BNDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS MSCI EAFE High Income ETF (NIHI) 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

	NIHI	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	1.16	0.66	+0.51

Drawdowns

NIHI vs. BNDI - Drawdown Comparison

The maximum NIHI drawdown since its inception was -10.88%, which is greater than BNDI's maximum drawdown of -6.98%. Use the drawdown chart below to compare losses from any high point for NIHI and BNDI.

Drawdown Indicators

	NIHI	BNDI	Difference
Max Drawdown Largest peak-to-trough decline	-10.88%	-6.98%	-3.90%
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	-0.59%	-0.67%	+0.08%
Average Drawdown Average peak-to-trough decline	-2.37%	-1.71%	-0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.77%	—

Volatility

Volatility by Period

	NIHI	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	15.08%	4.17%	+10.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.08%	6.19%	+8.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.08%	6.19%	+8.89%

NIHI vs. BNDI - Expense Ratio Comparison

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

Dividends

NIHI vs. BNDI - Dividend Comparison

NIHI's dividend yield for the trailing twelve months is around 7.79%, more 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%
NIHI NEOS MSCI EAFE High Income ETF	7.79%	3.44%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NIHI and BNDI in my portfolio?

NIHI and BNDI have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NIHI or BNDI?

On fees, BNDI is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NIHI or BNDI?

BNDI is cheaper with a 0.58% expense ratio, compared with 0.68% for NIHI.

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

NIHI has the higher dividend yield at 7.79%, compared with 5.79% for BNDI.

What is the main difference between NIHI and BNDI?

NIHI is categorized as Derivative Income, while BNDI is Intermediate Core-Plus Bond. Their fees differ too: 0.68% for NIHI and 0.58% for BNDI.