BNDI vs SCHD
BNDI vs SCHD
NEOS Enhanced Income Aggregate Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | BNDI | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.06% | |
| AUM | $185M | $103.7B | |
| Dividend Yield | 5.81% | 3.31% | |
| Holdings | 9 | 104 | |
| YTD Return | +1.33% | +24.08% | |
| 1Y Return | +4.31% | +31.88% | |
| 3Y Return (annualized) | +5.12% | +14.92% | |
| 5Y Return (annualized) | - | +9.85% | |
| Volatility (annualized) | 6.3% | 13.6% | |
| Max Drawdown | -7.0% | -33.4% | |
| Fund Family | NEOS | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Aug 30, 2022 | Oct 20, 2011 |
BNDI vs SCHD Performance
NEOS Enhanced Income Aggregate Bond ETF (BNDI) is a ETF from NEOS and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year BNDI returned +4.31% while SCHD returned +31.88%. Year to date, BNDI is up 1.33% versus a gain of 24.08% for SCHD.
Over three years, BNDI compounded at +5.12% per year against +14.92% for SCHD. Across the full 4-year window we track, SCHD has the edge at +11.39% annualized vs +3.81%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% 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 -33.4% for SCHD. 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BNDI charges 0.58% per year while SCHD charges 0.06%. On a $10,000 position that is $58 vs $6 annually, a gap of $52 per year that compounds over a long holding period. On income, BNDI currently yields 5.81% against 3.31% for SCHD.
Holdings Overlap
BNDI and SCHD share 0 holdings out of 102 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 SCHD?
BNDI has an expense ratio of 0.58% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, BNDI or SCHD?
Over the past year BNDI returned +4.31% vs +31.88% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), BNDI annualized +3.81% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, BNDI or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 6.3% for BNDI. Worst drawdown: BNDI -7.0% vs SCHD -33.4%.
Should I hold both BNDI and SCHD?
BNDI and SCHD have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BNDI and SCHD?
BNDI and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, BNDI or SCHD?
BNDI yields 5.81% while SCHD yields 3.31%, so BNDI currently pays the higher dividend yield.
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