RINF vs. BNDI

Last updated Jun 5, 2026

RINF (ProShares Inflation Expectations ETF) and BNDI (Neos Enhanced Income Aggregate Bond ETF) are both exchange-traded funds - RINF is a Inflation-Protected Bonds fund tracking the FTSE 30-Year TIPS (Treasury Rate-Hedged) Index, while BNDI is a Intermediate Core-Plus Bond fund actively managed by Neos. RINF is passively managed, while BNDI is actively managed. Over the past 3 years, RINF returned 4.69%/yr vs 4.89%/yr for BNDI. At a correlation of -0.45, they often move in opposite directions. RINF charges 0.30%/yr vs 0.58%/yr for BNDI.

Performance

RINF vs. BNDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Inflation Expectations ETF (RINF) 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, RINF achieves a 2.46% return, which is significantly higher than BNDI's 1.46% return.

RINF

• 1D: 0.09%
• 1M: 0.74%
• YTD: 2.46%
• 6M: 2.81%
• 1Y: 3.13%
• 3Y*: 4.69%
• 5Y*: 5.45%
• 10Y*: 4.70%

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)

RINF vs. BNDI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RINF ProShares Inflation Expectations ETF	2.46%	1.64%	9.79%	0.21%	-0.48%
BNDI Neos Enhanced Income Aggregate Bond ETF	1.46%	7.95%	1.74%	6.89%	-2.60%

Correlation

The correlation between RINF and BNDI is -0.47, 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	-0.47
Correlation (3Y) Calculated over the trailing 3-year period	-0.51
Correlation (All Time) Calculated using the full available price history since Aug 31, 2022	-0.45

The correlation between RINF and BNDI has been stable across timeframes, ranging from -0.51 to -0.45 - a consistent structural relationship.

RINF vs. BNDI - Sectors Allocation Comparison

Sectors	RINF	BNDI
Financial Services	76.3%	11.8%
Basic Materials	-	1.8%
Communication Services	-	11.2%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Healthcare	-	8.5%
Industrials	-	8.3%
Real Estate	-	1.9%
Technology	-	35.6%
Utilities	-	2.4%

Return for Risk

RINF vs. BNDI — Risk / Return Rank

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

RINF

RINF Risk / Return Rank: 22
RINF Sharpe Ratio Rank: 22
RINF Sortino Ratio Rank: 20
RINF Omega Ratio Rank: 20
RINF Calmar Ratio Rank: 26
RINF Martin Ratio Rank: 20

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.

RINF vs. BNDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Inflation Expectations ETF (RINF) 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.

	RINF	BNDI	Difference
Sharpe ratio: Return per unit of total volatility	0.71	1.61	-0.91
Sortino ratio: Return per unit of downside risk	1.04	2.42	-1.38
Omega ratio: Gain probability vs. loss probability	1.12	1.29	-0.17
Calmar ratio: Return relative to maximum drawdown	1.21	2.43	-1.22
Martin ratio: Return relative to average drawdown	2.31	8.67	-6.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RINF vs. BNDI - Sharpe Ratio Comparison

The current RINF Sharpe Ratio is 0.71, which is lower than the BNDI Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of RINF and BNDI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RINF	BNDI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	1.61	-0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.66	-0.57

Drawdowns

RINF vs. BNDI - Drawdown Comparison

The maximum RINF drawdown since its inception was -43.51%, which is greater than BNDI's maximum drawdown of -6.98%. Use the drawdown chart below to compare losses from any high point for RINF and BNDI.

Drawdown Indicators

	RINF	BNDI	Difference
Max Drawdown Largest peak-to-trough decline	-43.51%	-6.98%	-36.53%
Max Drawdown (1Y) Largest decline over 1 year	-2.60%	-2.75%	+0.15%
Max Drawdown (3Y) Largest decline over 3 years	-9.62%	-5.83%	-3.79%
Max Drawdown (5Y) Largest decline over 5 years	-13.58%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.18%	—	—
Current Drawdown Current decline from peak	-0.57%	-0.67%	+0.10%
Average Drawdown Average peak-to-trough decline	-16.45%	-1.71%	-14.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.36%	0.77%	+0.59%

Volatility

RINF vs. BNDI - Volatility Comparison

The current volatility for ProShares Inflation Expectations ETF (RINF) is 1.17%, while Neos Enhanced Income Aggregate Bond ETF (BNDI) has a volatility of 1.37%. This indicates that RINF 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

	RINF	BNDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	1.37%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	2.78%	3.08%	-0.30%
Volatility (1Y) Calculated over the trailing 1-year period	4.49%	4.17%	+0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.82%	6.19%	+6.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.57%	6.19%	+6.38%

RINF vs. BNDI - Expense Ratio Comparison

RINF has a 0.30% expense ratio, which is lower than BNDI's 0.58% expense ratio.

Dividends

RINF vs. BNDI - Dividend Comparison

RINF's dividend yield for the trailing twelve months is around 3.70%, less than BNDI's 5.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNDI Neos Enhanced Income Aggregate Bond ETF	5.79%	5.69%	5.54%	5.17%	1.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RINF ProShares Inflation Expectations ETF	3.70%	3.89%	4.68%	5.07%	1.15%	2.76%	0.82%	1.90%	2.47%	2.99%	1.09%	1.83%

Frequently Asked Questions

Can I hold both RINF and BNDI in my portfolio?

RINF and BNDI have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RINF or BNDI?

BNDI has higher volatility (1.37%) compared to RINF (1.17%). In terms of maximum drawdown, RINF dropped -43.51% vs BNDI's -6.98%.

Which ETF is better, RINF or BNDI?

On 3-year performance, BNDI leads with 4.89% vs 4.69% for RINF. On fees, RINF is cheaper at 0.30% per year. On volatility, RINF has been the lower-risk option at 1.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RINF or BNDI?

Over the 3-year period, BNDI has performed better with a 4.89% return vs 4.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RINF or BNDI?

RINF is cheaper with a 0.30% expense ratio, compared with 0.58% for BNDI.

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

BNDI has the higher dividend yield at 5.79%, compared with 3.70% for RINF.

What is the main difference between RINF and BNDI?

RINF is categorized as Inflation-Protected Bonds, while BNDI is Intermediate Core-Plus Bond. They also come from different issuers: ProShares and Neos. Their fees differ too: 0.30% for RINF and 0.58% for BNDI.

Which has better risk-adjusted returns?

BNDI currently has the higher Sharpe Ratio (1.61 vs 0.71), 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.