BNDI vs IVV
BNDI vs IVV
NEOS Enhanced Income Aggregate Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BNDI | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.03% | |
| AUM | $185M | $865.2B | |
| Dividend Yield | 5.81% | 1.09% | |
| Holdings | 9 | 508 | |
| YTD Return | +1.07% | +13.13% | |
| 1Y Return | +4.02% | +22.90% | |
| 3Y Return (annualized) | +5.03% | +21.08% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 6.3% | 15.1% | |
| Max Drawdown | -7.0% | -56.5% | |
| Fund Family | NEOS | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Aug 30, 2022 | May 15, 2000 |
BNDI vs IVV Performance
NEOS Enhanced Income Aggregate Bond ETF (BNDI) is a ETF from NEOS and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BNDI returned +4.02% while IVV returned +22.90%. Year to date, BNDI is up 1.07% versus a gain of 13.13% for IVV.
Over three years, BNDI compounded at +5.03% per year against +21.08% for IVV. Across the full 4-year window we track, IVV has the edge at +7.02% annualized vs +3.74%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 6.3% for BNDI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -7.0% for BNDI and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BNDI charges 0.58% per year while IVV charges 0.03%. On a $10,000 position that is $58 vs $3 annually, a gap of $55 per year that compounds over a long holding period. On income, BNDI currently yields 5.81% against 1.09% for IVV.
Holdings Overlap
BNDI and IVV share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BNDI or IVV?
BNDI has an expense ratio of 0.58% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, BNDI or IVV?
Over the past year BNDI returned +4.02% vs +22.90% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), BNDI annualized +3.74% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, BNDI or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 6.3% for BNDI. Worst drawdown: BNDI -7.0% vs IVV -56.5%.
Should I hold both BNDI and IVV?
BNDI and IVV have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BNDI and IVV?
BNDI and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, BNDI or IVV?
BNDI yields 5.81% while IVV yields 1.09%, so BNDI currently pays the higher dividend yield.
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