Neos Enhanced Income Aggregate Bond ETF
The ETF.net BNDI Grade
B
Score 61 out of 100
- 23 of 52
Score 61 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C54 out of 100Rank 24 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.A74 out of 100Rank 29 of 36Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B55 out of 100Rank 22 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B66 out of 100Rank 11 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C50 out of 100Rank 25 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B65 out of 100Rank 17 of 52
Our read on BNDI
In short
BMost of its peer group writes calls on stocks. BNDI starts with a diversified bond portfolio and bolts on an actively managed S&P 500 put-selling overlay, then pays the income out monthly.
Stated mandate
The Fund seeks monthly income in a tax-efficient manner through a diversified bond portfolio or bond ETFs, supplemented by an actively managed S&P 500 Index put-option strategy.
Why people hold it
Worth knowing
BNDI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
BNDI$10,139
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BNDI |
|---|---|
| Year to date | +0.8% |
| 1 month | +2.4% |
| 3 months | +0.2% |
| 1 year | +1.4% |
| 3 years | +6.3% |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BNDI |
|---|---|---|
| 2026 YTD | +0.8% | |
| 2025 | +8.0% | |
| 2024 | +1.8% | |
| 2023 | +6.9% | |
| 2022 | −2.6% |
BNDI in the news
BNDI Dividends
- 5.93%
- $2.71
- $0.22 per share
- Monthly
BNDI Risk
- 5.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.33
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −7.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.95
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
BNDI Cost
Overpaying vs PEPS, cheapest in S&P 500 Option Income
$9,347
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
BNDI 0.58%
$11,453
PEPS 0.10% Cheapest
$2,106
Cost over time
Year by year
| Year | BNDI | PEPS | Overpaying |
|---|---|---|---|
| 10 | $1,041 | $183 | $858 |
| 20 | $3,986 | $717 | $3,269 |
| 30 | $11,453 | $2,106 | $9,347 |
You pay 0.58%Waived by Neos 0.03%
Full fee 0.61% waiver 0.03% you pay 0.58%
Other funds in S&P 500 Option Income
- BPEPSParametric Equity Plus ETFExpense ratio 0.10%1 year return +11.7%
- BXPAYRoundhill S&P 500 Target 20 Managed Distribution ETFExpense ratio 0.49%1 year return +11.2%
- BHEMIHartford Equity Premium Income ETFExpense ratio 0.49%1 year return
- BHEQTSimplify Hedged Equity ETFExpense ratio 0.48%1 year return +8.9%
- BXRMIGlobal X S&P 500 Risk Managed Income ETFExpense ratio 0.60%1 year return +8.0%
