VNYUX vs. BNDI

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) and Neos Enhanced Income Aggregate Bond ETF (BNDI).

VNYUX is managed by Vanguard. It was launched on May 14, 2001. BNDI is an actively managed fund by Neos. It was launched on Aug 29, 2022.

Performance

VNYUX vs. BNDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) and Neos Enhanced Income Aggregate Bond ETF (BNDI). The values are adjusted to include any dividend payments, if applicable.

VNYUX vs. BNDI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VNYUX Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares	-0.31%	4.79%	2.58%	8.05%	0.54%
BNDI Neos Enhanced Income Aggregate Bond ETF	0.61%	7.95%	1.74%	6.89%	-2.60%

Returns By Period

In the year-to-date period, VNYUX achieves a -0.31% return, which is significantly lower than BNDI's 0.61% return.

VNYUX

• 1D: 0.28%
• 1M: -2.27%
• YTD: -0.31%
• 6M: 1.19%
• 1Y: 4.29%
• 3Y*: 3.85%
• 5Y*: 1.19%
• 10Y*: 2.43%

BNDI

• 1D: -0.07%
• 1M: -1.16%
• YTD: 0.61%
• 6M: 1.70%
• 1Y: 5.79%
• 3Y*: 4.37%
• 5Y*: —
• 10Y*: —

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

VNYUX vs. BNDI - Expense Ratio Comparison

VNYUX has a 0.09% expense ratio, which is lower than BNDI's 0.58% expense ratio.

BNDI

Neos Enhanced Income Aggregate Bond ETF

VNYUX

Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares

Return for Risk

VNYUX vs. BNDI — Risk / Return Rank

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

VNYUX

VNYUX Risk / Return Rank: 38
VNYUX Sharpe Ratio Rank: 38
VNYUX Sortino Ratio Rank: 32
VNYUX Omega Ratio Rank: 56
VNYUX Calmar Ratio Rank: 36
VNYUX Martin Ratio Rank: 29

BNDI

BNDI Risk / Return Rank: 63
BNDI Sharpe Ratio Rank: 65
BNDI Sortino Ratio Rank: 63
BNDI Omega Ratio Rank: 57
BNDI Calmar Ratio Rank: 66
BNDI Martin Ratio Rank: 64

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.

VNYUX vs. BNDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) 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.

	VNYUX	BNDI	Difference
Sharpe ratio Return per unit of total volatility	0.86	1.19	-0.33
Sortino ratio Return per unit of downside risk	1.17	1.67	-0.49
Omega ratio Gain probability vs. loss probability	1.23	1.22	+0.01
Calmar ratio Return relative to maximum drawdown	1.01	1.78	-0.77
Martin ratio Return relative to average drawdown	3.27	6.74	-3.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VNYUX vs. BNDI - Sharpe Ratio Comparison

The current VNYUX Sharpe Ratio is 0.86, which is comparable to the BNDI Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of VNYUX and BNDI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VNYUX	BNDI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	1.19	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.64	+0.29

Correlation

The correlation between VNYUX and BNDI is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

VNYUX vs. BNDI - Dividend Comparison

VNYUX's dividend yield for the trailing twelve months is around 3.70%, less than BNDI's 5.74% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VNYUX Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares	3.70%	4.50%	4.02%	2.89%	2.94%	2.82%	3.51%	3.61%	3.52%	3.73%	3.93%	3.44%
BNDI Neos Enhanced Income Aggregate Bond ETF	5.74%	5.69%	5.54%	5.17%	1.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

VNYUX vs. BNDI - Drawdown Comparison

The maximum VNYUX drawdown since its inception was -16.59%, which is greater than BNDI's maximum drawdown of -6.98%. Use the drawdown chart below to compare losses from any high point for VNYUX and BNDI.

Drawdown Indicators

	VNYUX	BNDI	Difference
Max Drawdown Largest peak-to-trough decline	-16.59%	-6.98%	-9.61%
Max Drawdown (1Y) Largest decline over 1 year	-5.55%	-3.37%	-2.18%
Max Drawdown (5Y) Largest decline over 5 years	-16.59%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-16.59%	—	—
Current Drawdown Current decline from peak	-2.63%	-1.51%	-1.12%
Average Drawdown Average peak-to-trough decline	-2.09%	-1.75%	-0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	0.89%	+0.82%

Volatility

VNYUX vs. BNDI - Volatility Comparison

The current volatility for Vanguard New York Long-Term Tax-Exempt Fund Admiral Shares (VNYUX) is 1.32%, while Neos Enhanced Income Aggregate Bond ETF (BNDI) has a volatility of 2.06%. This indicates that VNYUX 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

	VNYUX	BNDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	2.06%	-0.74%
Volatility (6M) Calculated over the trailing 6-month period	2.05%	2.85%	-0.80%
Volatility (1Y) Calculated over the trailing 1-year period	5.64%	4.89%	+0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.73%	6.27%	-1.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.59%	6.27%	-1.68%