RTRE vs. BNDI

Last updated Aug 1, 2026

RTRE (Rareview Total Return Bond ETF) and BNDI (Neos Enhanced Income Aggregate Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past year, RTRE returned 1.74% vs 3.83% for BNDI. Their correlation of 0.90 means they have usually moved in the same direction. RTRE charges 0.70%/yr vs 0.58%/yr for BNDI.

Performance

RTRE vs. BNDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rareview Total Return Bond ETF (RTRE) 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, RTRE achieves a -0.88% return, which is significantly lower than BNDI's 0.63% return.

RTRE

• 1D: -0.36%
• 1M: -1.42%
• 6M: -1.43%
• YTD: -0.88%
• 1Y: 1.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.43%

BNDI

• 1D: -0.23%
• 1M: -1.15%
• 6M: 0.25%
• YTD: 0.63%
• 1Y: 3.83%
• 3Y*: 4.80%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.57%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BNDI Neos Enhanced Income Aggregate Bond ETF	$963.42K	$1.14M	$1.41M
RTRE Rareview Total Return Bond ETF	$340.04K	$325.61K	$342.58K

RTRE vs. BNDI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RTRE Rareview Total Return Bond ETF	-0.88%	6.61%	1.77%
BNDI Neos Enhanced Income Aggregate Bond ETF	0.63%	7.95%	3.33%

Correlation

The correlation between RTRE and BNDI is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024	0.90

The correlation between RTRE and BNDI has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.

Return for Risk

RTRE vs. BNDI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RTRE

RTRE Risk / Return Rank: 24
RTRE Sharpe Ratio Rank: 26
RTRE Sortino Ratio Rank: 24
RTRE Omega Ratio Rank: 23
RTRE Calmar Ratio Rank: 24
RTRE Martin Ratio Rank: 23

BNDI

BNDI Risk / Return Rank: 45
BNDI Sharpe Ratio Rank: 45
BNDI Sortino Ratio Rank: 46
BNDI Omega Ratio Rank: 42
BNDI Calmar Ratio Rank: 46
BNDI Martin Ratio Rank: 48

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RTRE vs. BNDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rareview Total Return Bond ETF (RTRE) 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.

	RTRE	BNDI	Difference
Sharpe ratio: Return per unit of total volatility	0.60	1.11	-0.50
Sortino ratio: Return per unit of downside risk	0.87	1.67	-0.80
Omega ratio: Gain probability vs. loss probability	1.11	1.20	-0.09
Calmar ratio: Return relative to maximum drawdown	0.70	1.66	-0.97
Martin ratio: Return relative to average drawdown	1.73	5.53	-3.80

RTRE vs. BNDI - Sharpe Ratio Comparison

The current RTRE Sharpe Ratio is 0.60, which is lower than the BNDI Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of RTRE 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.

Drawdowns

RTRE vs. BNDI - Drawdown Comparison

The maximum RTRE drawdown since its inception was -4.99%, smaller than the maximum BNDI drawdown of -7.25%. Use the drawdown chart below to compare losses from any high point for RTRE and BNDI.

Drawdown Indicators

	RTRE	BNDI	Difference
Max Drawdown Largest peak-to-trough decline	-4.99%	-7.25%	+2.26%
Max Drawdown (1Y) Largest decline over 1 year	-3.70%	-2.75%	-0.95%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.90%	—
Current Drawdown Current decline from peak	-3.13%	-1.61%	-1.52%
Average Drawdown Average peak-to-trough decline	-1.49%	-1.70%	+0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	0.83%	+0.66%

Volatility

RTRE vs. BNDI - Volatility Comparison

Rareview Total Return Bond ETF (RTRE) has a higher volatility of 1.10% compared to Neos Enhanced Income Aggregate Bond ETF (BNDI) at 0.99%. This indicates that RTRE'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.

Volatility by Period

	RTRE	BNDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	0.99%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	3.51%	3.35%	+0.16%
Volatility (1Y) Calculated over the trailing 1-year period	4.30%	4.14%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.74%	6.13%	-1.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.74%	6.13%	-1.39%

RTRE vs. BNDI - Expense Ratio Comparison

RTRE has a 0.70% expense ratio, which is higher than BNDI's 0.58% expense ratio.

Dividends

RTRE vs. BNDI - Dividend Comparison

RTRE's dividend yield for the trailing twelve months is around 4.50%, less than BNDI's 5.91% yield.

Position	TTM	2025	2024	2023	2022
BNDI Neos Enhanced Income Aggregate Bond ETF	5.91%	5.69%	5.54%	5.17%	1.68%
RTRE Rareview Total Return Bond ETF	4.50%	4.02%	3.33%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RTRE and BNDI in my portfolio?

RTRE and BNDI have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RTRE or BNDI?

RTRE has higher volatility (1.10%) compared to BNDI (0.99%). In terms of maximum drawdown, RTRE dropped -4.99% vs BNDI's -7.25%.

Which ETF is better, RTRE or BNDI?

On 1-year performance, BNDI leads with 3.83% vs 1.74% for RTRE. On fees, BNDI is cheaper at 0.58% per year. On volatility, BNDI has been the lower-risk option at 0.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RTRE or BNDI?

Over the 1-year period, BNDI has performed better with a 3.83% return vs 1.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RTRE or BNDI?

BNDI is cheaper with a 0.58% expense ratio, compared with 0.70% for RTRE.

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

BNDI has the higher dividend yield at 5.91%, compared with 4.50% for RTRE.

What is the main difference between RTRE and BNDI?

They also come from different issuers: Rareview and Neos. Their fees differ too: 0.70% for RTRE and 0.58% for BNDI.

Which has better risk-adjusted returns?

BNDI currently has the higher Sharpe Ratio (1.11 vs 0.60), 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.