YLD vs. BNDI

Last updated Jun 5, 2026

YLD (Principal Active High Yield ETF) and BNDI (Neos Enhanced Income Aggregate Bond ETF) are both exchange-traded funds - YLD is a High Yield Bonds fund actively managed by Principal, while BNDI is a Intermediate Core-Plus Bond fund actively managed by Neos. Both are actively managed. Over the past 3 years, YLD returned 8.69%/yr vs 4.89%/yr for BNDI. At a 0.50 correlation, their price movements are largely independent. YLD charges 0.39%/yr vs 0.58%/yr for BNDI.

Performance

YLD vs. BNDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Active High Yield ETF (YLD) 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, YLD achieves a 2.97% return, which is significantly higher than BNDI's 1.46% return.

YLD

• 1D: 0.13%
• 1M: 0.39%
• YTD: 2.97%
• 6M: 3.53%
• 1Y: 7.28%
• 3Y*: 8.69%
• 5Y*: 4.77%
• 10Y*: 5.73%

BNDI

• 1D: 0.17%
• 1M: 0.31%
• YTD: 1.46%
• 6M: 1.61%
• 1Y: 6.66%
• 3Y*: 4.89%
• 5Y*: —
• 10Y*: —

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

YLD vs. BNDI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
YLD Principal Active High Yield ETF	2.97%	6.55%	9.19%	12.93%	1.16%
BNDI Neos Enhanced Income Aggregate Bond ETF	1.46%	7.95%	1.74%	6.89%	-2.60%

Correlation

The correlation between YLD and BNDI is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (All Time) Calculated using the full available price history since Aug 31, 2022	0.50

The correlation between YLD and BNDI has been stable across timeframes, ranging from 0.49 to 0.50 - a consistent structural relationship.

YLD vs. BNDI - Sectors Allocation Comparison

Sectors	YLD	BNDI
Real Estate	100.0%	1.9%
Basic Materials	-	1.8%
Communication Services	-	11.2%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Financial Services	-	11.8%
Healthcare	-	8.5%
Industrials	-	8.3%
Technology	-	35.6%
Utilities	-	2.4%

Return for Risk

YLD vs. BNDI — Risk / Return Rank

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

YLD

YLD Risk / Return Rank: 60
YLD Sharpe Ratio Rank: 50
YLD Sortino Ratio Rank: 53
YLD Omega Ratio Rank: 51
YLD Calmar Ratio Rank: 74
YLD Martin Ratio Rank: 70

BNDI

BNDI Risk / Return Rank: 49
BNDI Sharpe Ratio Rank: 47
BNDI Sortino Ratio Rank: 51
BNDI Omega Ratio Rank: 46
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.

YLD vs. BNDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Active High Yield ETF (YLD) 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.

	YLD	BNDI	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.61	+0.07
Sortino ratio: Return per unit of downside risk	2.54	2.42	+0.12
Omega ratio: Gain probability vs. loss probability	1.31	1.29	+0.02
Calmar ratio: Return relative to maximum drawdown	3.70	2.43	+1.26
Martin ratio: Return relative to average drawdown	12.81	8.67	+4.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YLD vs. BNDI - Sharpe Ratio Comparison

The current YLD Sharpe Ratio is 1.69, which is comparable to the BNDI Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of YLD 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

	YLD	BNDI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	1.61	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.66	-0.01

Drawdowns

YLD vs. BNDI - Drawdown Comparison

The maximum YLD drawdown since its inception was -28.34%, which is greater than BNDI's maximum drawdown of -6.98%. Use the drawdown chart below to compare losses from any high point for YLD and BNDI.

Drawdown Indicators

	YLD	BNDI	Difference
Max Drawdown Largest peak-to-trough decline	-28.34%	-6.98%	-21.36%
Max Drawdown (1Y) Largest decline over 1 year	-1.98%	-2.75%	+0.77%
Max Drawdown (3Y) Largest decline over 3 years	-5.62%	-5.83%	+0.21%
Max Drawdown (5Y) Largest decline over 5 years	-13.89%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.34%	—	—
Current Drawdown Current decline from peak	-0.24%	-0.67%	+0.43%
Average Drawdown Average peak-to-trough decline	-2.70%	-1.71%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.57%	0.77%	-0.20%

Volatility

YLD vs. BNDI - Volatility Comparison

Principal Active High Yield ETF (YLD) and Neos Enhanced Income Aggregate Bond ETF (BNDI) have volatilities of 1.31% and 1.37%, 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.

Volatility by Period

	YLD	BNDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.31%	1.37%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	3.50%	3.08%	+0.42%
Volatility (1Y) Calculated over the trailing 1-year period	4.34%	4.17%	+0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.39%	6.19%	+0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.21%	6.19%	+2.02%

YLD vs. BNDI - Expense Ratio Comparison

YLD has a 0.39% expense ratio, which is lower than BNDI's 0.58% expense ratio.

Dividends

YLD vs. BNDI - Dividend Comparison

YLD's dividend yield for the trailing twelve months is around 7.26%, more than BNDI's 5.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNDI Neos Enhanced Income Aggregate Bond ETF	5.79%	5.69%	5.54%	5.17%	1.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
YLD Principal Active High Yield ETF	7.26%	7.33%	7.12%	6.46%	6.51%	3.92%	4.40%	4.81%	5.42%	6.28%	4.47%	2.56%

Frequently Asked Questions

Can I hold both YLD and BNDI in my portfolio?

YLD and BNDI have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YLD or BNDI?

BNDI has higher volatility (1.37%) compared to YLD (1.31%). In terms of maximum drawdown, YLD dropped -28.34% vs BNDI's -6.98%.

Which ETF is better, YLD or BNDI?

On 3-year performance, YLD leads with 8.69% vs 4.89% for BNDI. On fees, YLD is cheaper at 0.39% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YLD or BNDI?

Over the 3-year period, YLD has performed better with a 8.69% return vs 4.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YLD or BNDI?

YLD is cheaper with a 0.39% expense ratio, compared with 0.58% for BNDI.

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

YLD has the higher dividend yield at 7.26%, compared with 5.79% for BNDI.

What is the main difference between YLD and BNDI?

YLD is categorized as High Yield Bonds, while BNDI is Intermediate Core-Plus Bond. They also come from different issuers: Principal and Neos. Their fees differ too: 0.39% for YLD and 0.58% for BNDI.

Which has better risk-adjusted returns?

YLD currently has the higher Sharpe Ratio (1.69 vs 1.61), 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.