TLTIX vs. BNDI

Last updated Aug 1, 2026

TLTIX (TIAA-CREF Lifecycle Index 2010 Fund) and BNDI (Neos Enhanced Income Aggregate Bond ETF) are both funds - TLTIX is a Target Retirement Date fund managed by TIAA, while BNDI is a Intermediate Core-Plus Bond fund actively managed by Neos. Over the past 3 years, TLTIX returned 8.99%/yr vs 4.80%/yr for BNDI. Their 0.68 correlation means they have sometimes moved together and sometimes differently. TLTIX charges 0.10%/yr vs 0.58%/yr for BNDI.

Performance

TLTIX vs. BNDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIAA-CREF Lifecycle Index 2010 Fund (TLTIX) 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, TLTIX achieves a 4.20% return, which is significantly higher than BNDI's 0.63% return.

TLTIX

• 1D: 0.79%
• 1M: -0.50%
• 6M: 2.88%
• YTD: 4.20%
• 1Y: 9.67%
• 3Y*: 8.99%
• 5Y*: 4.21%
• 10Y*: 5.93%
• ALL TIME*: 6.42%

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
TLTIX TIAA-CREF Lifecycle Index 2010 Fund	$0.00	$0.00	$0.00

TLTIX vs. BNDI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TLTIX TIAA-CREF Lifecycle Index 2010 Fund	4.20%	12.10%	7.39%	11.41%	-2.37%
BNDI Neos Enhanced Income Aggregate Bond ETF	0.63%	7.95%	1.74%	6.89%	-2.88%

Correlation

The correlation between TLTIX and BNDI is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.67
Correlation (All Time) Calculated using the full available price history since Aug 30, 2022	0.68

The correlation between TLTIX and BNDI has been stable across timeframes, ranging from 0.67 to 0.68 - a consistent structural relationship.

Return for Risk

TLTIX vs. BNDI — Risk / Return Rank

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

TLTIX

TLTIX Risk / Return Rank: 70
TLTIX Sharpe Ratio Rank: 69
TLTIX Sortino Ratio Rank: 69
TLTIX Omega Ratio Rank: 70
TLTIX Calmar Ratio Rank: 65
TLTIX Martin Ratio Rank: 76

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.

TLTIX vs. BNDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Lifecycle Index 2010 Fund (TLTIX) 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.

	TLTIX	BNDI	Difference
Sharpe ratio: Return per unit of total volatility	1.66	1.11	+0.56
Sortino ratio: Return per unit of downside risk	2.39	1.67	+0.72
Omega ratio: Gain probability vs. loss probability	1.31	1.20	+0.11
Calmar ratio: Return relative to maximum drawdown	2.21	1.66	+0.55
Martin ratio: Return relative to average drawdown	9.37	5.53	+3.84

TLTIX vs. BNDI - Sharpe Ratio Comparison

The current TLTIX Sharpe Ratio is 1.66, which is higher than the BNDI Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of TLTIX 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

TLTIX vs. BNDI - Drawdown Comparison

The maximum TLTIX drawdown since its inception was -18.15%, which is greater than BNDI's maximum drawdown of -7.25%. Use the drawdown chart below to compare losses from any high point for TLTIX and BNDI.

Drawdown Indicators

	TLTIX	BNDI	Difference
Max Drawdown Largest peak-to-trough decline	-18.15%	-7.25%	-10.90%
Max Drawdown (1Y) Largest decline over 1 year	-4.32%	-2.75%	-1.57%
Max Drawdown (3Y) Largest decline over 3 years	-9.76%	-4.90%	-4.86%
Max Drawdown (5Y) Largest decline over 5 years	-18.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-18.15%	—	—
Current Drawdown Current decline from peak	-0.89%	-1.61%	+0.72%
Average Drawdown Average peak-to-trough decline	-2.58%	-1.70%	-0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	0.83%	+0.19%

Volatility

TLTIX vs. BNDI - Volatility Comparison

TIAA-CREF Lifecycle Index 2010 Fund (TLTIX) has a higher volatility of 1.67% compared to Neos Enhanced Income Aggregate Bond ETF (BNDI) at 0.99%. This indicates that TLTIX'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

	TLTIX	BNDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.67%	0.99%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	4.88%	3.35%	+1.53%
Volatility (1Y) Calculated over the trailing 1-year period	5.76%	4.14%	+1.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.00%	6.13%	+1.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.55%	6.13%	+1.42%

TLTIX vs. BNDI - Expense Ratio Comparison

TLTIX has a 0.10% expense ratio, which is lower than BNDI's 0.58% expense ratio.

Dividends

TLTIX vs. BNDI - Dividend Comparison

TLTIX's dividend yield for the trailing twelve months is around 6.18%, more than BNDI's 5.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNDI Neos Enhanced Income Aggregate Bond ETF	5.91%	5.69%	5.54%	5.17%	1.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TLTIX TIAA-CREF Lifecycle Index 2010 Fund	6.18%	6.44%	6.57%	3.44%	3.48%	4.81%	2.36%	2.34%	3.11%	0.18%	2.29%	0.23%

Frequently Asked Questions

Can I hold both TLTIX and BNDI in my portfolio?

TLTIX and BNDI have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TLTIX or BNDI?

TLTIX has higher volatility (1.67%) compared to BNDI (0.99%). In terms of maximum drawdown, TLTIX dropped -18.15% vs BNDI's -7.25%.

Which has better risk-adjusted returns?

TLTIX currently has the higher Sharpe Ratio (1.66 vs 1.11), 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.