SJCP vs. BNDI

Last updated Apr 14, 2026

SJCP (SanJac Alpha Core Plus 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, SJCP returned 6.82% vs 9.04% for BNDI. At 0.38, their price movements are largely independent. SJCP charges 0.65%/yr vs 0.58%/yr for BNDI.

Performance

SJCP vs. BNDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SanJac Alpha Core Plus Bond ETF (SJCP) 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, SJCP achieves a 0.64% return, which is significantly lower than BNDI's 1.64% return.

SJCP

• 1D: 0.06%
• 1M: 0.24%
• YTD: 0.64%
• 6M: 1.57%
• 1Y: 6.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNDI

• 1D: 0.40%
• 1M: 1.48%
• YTD: 1.64%
• 6M: 2.15%
• 1Y: 9.04%
• 3Y*: 4.71%
• 5Y*: —
• 10Y*: —

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

SJCP vs. BNDI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SJCP SanJac Alpha Core Plus Bond ETF	0.64%	6.27%	-0.16%
BNDI Neos Enhanced Income Aggregate Bond ETF	1.64%	7.95%	-3.05%

Correlation

The correlation between SJCP and BNDI is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Sep 11, 2024	0.38

Return for Risk

SJCP vs. BNDI — Risk / Return Rank

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

SJCP

SJCP Risk / Return Rank: 75
SJCP Sharpe Ratio Rank: 81
SJCP Sortino Ratio Rank: 85
SJCP Omega Ratio Rank: 92
SJCP Calmar Ratio Rank: 50
SJCP Martin Ratio Rank: 65

BNDI

BNDI Risk / Return Rank: 57
BNDI Sharpe Ratio Rank: 51
BNDI Sortino Ratio Rank: 57
BNDI Omega Ratio Rank: 53
BNDI Calmar Ratio Rank: 62
BNDI Martin Ratio Rank: 63

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.

SJCP vs. BNDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SanJac Alpha Core Plus Bond ETF (SJCP) 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.

	SJCP	BNDI	Difference
Sharpe ratio Return per unit of total volatility	2.85	2.10	+0.75
Sortino ratio Return per unit of downside risk	4.24	3.11	+1.14
Omega ratio Gain probability vs. loss probability	1.68	1.39	+0.29
Calmar ratio Return relative to maximum drawdown	2.92	3.59	-0.67
Martin ratio Return relative to average drawdown	13.44	13.53	-0.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SJCP vs. BNDI - Sharpe Ratio Comparison

The current SJCP Sharpe Ratio is 2.85, which is higher than the BNDI Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of SJCP 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

	SJCP	BNDI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	2.10	+0.75
Sharpe Ratio (All Time) Calculated using the full available price history	1.78	0.68	+1.09

Drawdowns

SJCP vs. BNDI - Drawdown Comparison

The maximum SJCP drawdown since its inception was -2.01%, smaller than the maximum BNDI drawdown of -6.98%. Use the drawdown chart below to compare losses from any high point for SJCP and BNDI.

Drawdown Indicators

	SJCP	BNDI	Difference
Max Drawdown Largest peak-to-trough decline	-2.01%	-6.98%	+4.97%
Max Drawdown (1Y) Largest decline over 1 year	-2.01%	-2.75%	+0.74%
Current Drawdown Current decline from peak	-0.63%	-0.49%	-0.14%
Average Drawdown Average peak-to-trough decline	-0.24%	-1.74%	+1.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.44%	0.73%	-0.29%

Volatility

SJCP vs. BNDI - Volatility Comparison

The current volatility for SanJac Alpha Core Plus Bond ETF (SJCP) is 1.23%, while Neos Enhanced Income Aggregate Bond ETF (BNDI) has a volatility of 1.99%. This indicates that SJCP 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

	SJCP	BNDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.23%	1.99%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	1.86%	2.89%	-1.03%
Volatility (1Y) Calculated over the trailing 1-year period	2.42%	4.40%	-1.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.40%	6.25%	-3.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.40%	6.25%	-3.85%

SJCP vs. BNDI - Expense Ratio Comparison

SJCP has a 0.65% expense ratio, which is higher than BNDI's 0.58% expense ratio.

Dividends

SJCP vs. BNDI - Dividend Comparison

SJCP's dividend yield for the trailing twelve months is around 4.37%, less than BNDI's 5.68% yield.

	TTM	2025	2024	2023	2022
SJCP SanJac Alpha Core Plus Bond ETF	4.37%	4.05%	1.40%	0.00%	0.00%
BNDI Neos Enhanced Income Aggregate Bond ETF	5.68%	5.69%	5.54%	5.17%	1.68%