WCPB vs. BNDI

Last updated Jul 10, 2026

WCPB (Weitz Core Plus Bond ETF) and BNDI (Neos Enhanced Income Aggregate Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. WCPB charges 0.45%/yr vs 0.58%/yr for BNDI.

Performance

WCPB vs. BNDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Weitz Core Plus Bond ETF (WCPB) 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, WCPB achieves a 1.23% return, which is significantly lower than BNDI's 1.36% return.

WCPB

• 1D: 0.22%
• 1M: 0.50%
• 6M: 1.07%
• YTD: 1.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNDI

• 1D: 0.12%
• 1M: 0.43%
• 6M: 1.21%
• YTD: 1.36%
• 1Y: 5.49%
• 3Y*: 5.19%
• 5Y*: —
• 10Y*: —

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

WCPB vs. BNDI - Yearly Performance Comparison

	2026 (YTD)	2025
WCPB Weitz Core Plus Bond ETF	1.23%	3.01%
BNDI Neos Enhanced Income Aggregate Bond ETF	1.36%	3.07%

Correlation

The correlation between WCPB and BNDI is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 13, 2025	0.90

Return for Risk

WCPB vs. BNDI — Risk / Return Rank

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

WCPB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BNDI

BNDI Risk / Return Rank: 49
BNDI Sharpe Ratio Rank: 47
BNDI Sortino Ratio Rank: 49
BNDI Omega Ratio Rank: 45
BNDI Calmar Ratio Rank: 50
BNDI Martin Ratio Rank: 52

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.

WCPB vs. BNDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Weitz Core Plus Bond ETF (WCPB) 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.

	WCPB	BNDI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.32	—
Sortino ratio: Return per unit of downside risk	—	1.97	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	2.00	—
Martin ratio: Return relative to average drawdown	—	7.15	—

Drawdowns

WCPB vs. BNDI - Drawdown Comparison

The maximum WCPB drawdown since its inception was -2.64%, smaller than the maximum BNDI drawdown of -7.25%. Use the drawdown chart below to compare losses from any high point for WCPB and BNDI.

Drawdown Indicators

	WCPB	BNDI	Difference
Max Drawdown Largest peak-to-trough decline	-2.64%	-7.25%	+4.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.75%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.83%	—
Current Drawdown Current decline from peak	-0.75%	-0.91%	+0.16%
Average Drawdown Average peak-to-trough decline	-0.56%	-1.71%	+1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.77%	—

Volatility

Volatility by Period

	WCPB	BNDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.88%	4.20%	-0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.88%	6.16%	-2.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.88%	6.16%	-2.28%

WCPB vs. BNDI - Expense Ratio Comparison

WCPB has a 0.45% expense ratio, which is lower than BNDI's 0.58% expense ratio.

Dividends

WCPB vs. BNDI - Dividend Comparison

WCPB's dividend yield for the trailing twelve months is around 3.58%, less than BNDI's 5.84% yield.

Position	TTM	2025	2024	2023	2022
BNDI Neos Enhanced Income Aggregate Bond ETF	5.84%	5.69%	5.54%	5.17%	1.68%
WCPB Weitz Core Plus Bond ETF	3.58%	1.19%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WCPB and BNDI in my portfolio?

WCPB 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 ETF is better, WCPB or BNDI?

On fees, WCPB is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WCPB or BNDI?

WCPB is cheaper with a 0.45% expense ratio, compared with 0.58% for BNDI.

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

BNDI has the higher dividend yield at 5.84%, compared with 3.58% for WCPB.

What is the main difference between WCPB and BNDI?

They also come from different issuers: Weitz and Neos. Their fees differ too: 0.45% for WCPB and 0.58% for BNDI.