Two of the market's most popular income ETFs compared side-by-side. See which one fits your yield strategy.
What this means: Both BNDI and HYBI fall intoTier 4: Harvest. This suggests they share a similar risk profile and volatility expectation.
| Metric | BNDI | HYBI |
|---|---|---|
| Total Return (1Y) | 5.80% | 6.07% |
| NAV Change (1Y) | 0.02% | -1.99% |
| Max Drawdown | -5.46% | -5.89% |
| Beta | - | - |
* Returns include dividend reinvestment. Drawdown calculates peak-to-trough decline over trailing 12 months.
BNDI (NEOS Enhanced Income Bond) is a options-based income fund managed by NEOS. It focuses on generating income through strategic holdings. With $131.2M in assets under management, this fund has been operational since its inception.
Strategy: Generates enhanced income through covered call options on equity holdings, trading upside potential for premium income.
HYBI (NEOS Enhanced Income High Yield) is a options-based income fund managed by NEOS. It focuses on generating income through strategic holdings. With $194.3M in assets under management, this fund has been operational since its inception.
Strategy: Generates enhanced income through covered call options on equity holdings, trading upside potential for premium income.
In the head-to-head battle of BNDI vs HYBI, the choice depends on your specific goal. HYBI wins for Immediate Income with a 8.06% yield. However, HYBI is the better choice for Long-Term Growth due to superior total return performance.
Which fund is safer for retirement income? We analyze the yield sustainability and structural risk.
The Bottom Line Question: If you invest $100,000 today, how much cash will you actually receive each month? Here's the exact math:
BNDI
Annual Yield: 5.78%
$482/mo
($5,784/year)
Frequency: monthly
HYBI
Annual Yield: 8.06%
$672/mo
($8,059/year)
Frequency: monthly
Income Gap: HYBI generates $2,275/year more than BNDI on the same $100k investment.
Over 20 years, that's $45,499 in additional cash flow (before reinvestment).
Context Matters: Higher income doesn't always mean better investment. Review the "Yield Trap" and "Total Return" sections above—you want income that's sustainable, not just headline-grabbing.
Historical data reveals how these funds behave during market stress. HYBI has delivered a superior Total Return of 6.07% over the past year.
What is an Expense Ratio? The annual fee charged by the fund, expressed as a percentage of assets. It's deducted daily from the fund's NAV, making it invisible to most investors—but it compounds over time.
BNDI (LOWER COST)
0.580%
Annual expense ratio
HYBI (HIGHER COST)
0.680%
Annual expense ratio
20-YEAR FEE IMPACT SIMULATION ($100,000 INITIAL INVESTMENT)
The Hidden Cost of "Just 0.10%": That seemingly small difference of 0.100% annually becomes $2,000 in lost wealth over 20 years. Factor in compound growth, and you're giving up ~$5,403 in potential portfolio value.
💡 Cost Efficiency Winner: BNDI is the clear winner for long-term buy-and-hold investors. Lower fees mean more capital compounds in YOUR account, not the fund manager's.
Every investor has a unique risk profile. Use our Portfolio Intelligence tool to see the impact of adding these ETFs to your holdings.