VBND vs. BNDI
VBND (Vident U.S. Bond Strategy ETF) and BNDI (Neos Enhanced Income Aggregate Bond ETF) are both Intermediate Core-Plus Bond funds. VBND is passively managed, while BNDI is actively managed. Over the past 3 years, VBND returned 4.38%/yr vs 4.80%/yr for BNDI. Their correlation of 0.89 means they have usually moved in the same direction. VBND charges 0.41%/yr vs 0.58%/yr for BNDI.
Performance
VBND vs. BNDI - Performance Comparison
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Returns By Period
In the year-to-date period, VBND achieves a -0.59% return, which is significantly lower than BNDI's 0.63% return.
VBND
- 1D
- -0.19%
- 1M
- -1.53%
- 6M
- -0.55%
- YTD
- -0.59%
- 1Y
- 2.16%
- 3Y*
- 4.38%
- 5Y*
- -0.19%
- 10Y*
- 1.29%
- ALL TIME*
- 1.54%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $963.42K | $1.14M | $1.41M | |
| $846.73K | $2.16M | $1.29M |
VBND vs. BNDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VBND Vident U.S. Bond Strategy ETF | -0.59% | 7.31% | 1.26% | 8.16% | -3.26% |
BNDI Neos Enhanced Income Aggregate Bond ETF | 0.63% | 7.95% | 1.74% | 6.89% | -2.88% |
Correlation
The correlation between VBND and BNDI is 0.80, 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. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2022 | 0.89 |
The correlation between VBND and BNDI has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.
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Return for Risk
VBND vs. BNDI — Risk / Return Rank
VBND
BNDI
VBND vs. BNDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vident U.S. Bond Strategy ETF (VBND) 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.
| VBND | BNDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.20 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.66 | -0.61 |
| Martin ratioReturn relative to average drawdown | 2.72 | 5.53 | -2.81 |
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Drawdowns
VBND vs. BNDI - Drawdown Comparison
The maximum VBND drawdown since its inception was -18.97%, which is greater than BNDI's maximum drawdown of -7.25%. Use the drawdown chart below to compare losses from any high point for VBND and BNDI.
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Drawdown Indicators
| VBND | BNDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.97% | -7.25% | -11.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -2.75% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -4.60% | -4.90% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -18.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.97% | — | — |
Current DrawdownCurrent decline from peak | -1.84% | -1.61% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -1.70% | -2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.83% | +0.26% |
Volatility
VBND vs. BNDI - Volatility Comparison
Vident U.S. Bond Strategy ETF (VBND) and Neos Enhanced Income Aggregate Bond ETF (BNDI) have volatilities of 1.01% and 0.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBND | BNDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 0.99% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 3.35% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 4.14% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.12% | 6.13% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 6.13% | -0.68% |
VBND vs. BNDI - Expense Ratio Comparison
VBND has a 0.41% expense ratio, which is lower than BNDI's 0.58% expense ratio.
Dividends
VBND vs. BNDI - Dividend Comparison
VBND's dividend yield for the trailing twelve months is around 4.35%, less 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% |
VBND Vident U.S. Bond Strategy ETF | 4.35% | 4.22% | 4.41% | 3.88% | 2.55% | 1.56% | 1.98% | 3.14% | 2.82% | 2.00% | 3.12% | 1.49% |
Frequently Asked Questions
VBND and BNDI have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VBND has higher volatility (1.01%) compared to BNDI (0.99%). In terms of maximum drawdown, VBND dropped -18.97% vs BNDI's -7.25%.
On 3-year performance, BNDI leads with 4.80% vs 4.38% for VBND. On fees, VBND is cheaper at 0.41% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BNDI has performed better with a 4.80% return vs 4.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VBND is cheaper with a 0.41% expense ratio, compared with 0.58% for BNDI.
BNDI has the higher dividend yield at 5.91%, compared with 4.35% for VBND.
They also come from different issuers: Vident and Neos. Their fees differ too: 0.41% for VBND and 0.58% for BNDI.
BNDI currently has the higher Sharpe Ratio (1.11 vs 0.73), 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.
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