BNDS vs SPY
Comparison between INFRASTRUCTURE CAPITAL BOND INCOME ETF (BNDS, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
BNDS vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BNDS
$60M
Winner
SPY
$735B
Expense Ratio
BNDS
0.88%
Winner
SPY
0.09%
Max Drawdown
Winner
BNDS
21.88%
SPY
56.47%
Sharpe Ratio
Winner
BNDS
2.30
SPY
1.62
5Y Beta
Winner
BNDS
0.22
SPY
1.00
P/E Ratio
BNDS
N/A
SPY
28.99
Forward P/E
BNDS
N/A
SPY
22.37
5Y Dividends CAGR
BNDS
N/A
SPY
5.43%
5Y EPS CAGR
BNDS
N/A
SPY
26.05%
Debt to Equity
BNDS
N/A
SPY
32.40%
P/S Ratio
BNDS
N/A
SPY
3.74
P/B Ratio
BNDS
N/A
SPY
5.61
BNDS vs SPY - Holdings Comparison
BNDS and SPY have 1 common holdings. Overlap is -4.06%
BNDS's top 25 holdings weight is 74.21%. SPY's top 25 holdings weight is 52.37%.
| Rank | BNDS | SPY |
|---|---|---|
| #1 | US DOLLARS (n/a) - 4.50% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | BW REAL ESTATE INC. 9.5% (n/a) - 4.20% | APPLE INC (AAPL) - 7.02% |
| #3 | ILFC E-CAPITAL TRUST II 6.63% (n/a) - 3.86% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | THE CHEMOURS COMPANY LLC 8% (n/a) - 3.72% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | FREEDOM MORTGAGE CORPORATION 12.25% (n/a) - 3.53% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | RITHM CAPITAL CORP. 8% (n/a) - 3.50% | BROADCOM INC (AVGO) - 3.10% |
| #7 | PLAINS ALL AMERICAN PIPELINE L.P. 8.02% (n/a) - 3.37% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | HUDSON PACIFIC PROPERTIES LP 5.95% (n/a) - 3.23% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | SUNOCO LP 7.88% (n/a) - 3.22% | TESLA INC (TSLA) - 1.89% |
| #10 | n/a (n/a) - 3.21% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | CRESCENT ENERGY FINANCE LLC 7.38% (n/a) - 3.15% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | SBL HOLDINGS INC. 6.5% (n/a) - 3.02% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | VODAFONE GROUP PLC 5.13% (n/a) - 2.99% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | SM ENERGY CO. 8.75% (n/a) - 2.89% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | n/a (n/a) - 2.71% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | n/a (n/a) - 2.61% | INTEL CORP (INTC) - 0.90% |
| #17 | KOHL'S CORP. 6% (n/a) - 2.55% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | n/a (n/a) - 2.53% | VISA INC CLASS A (V) - 0.85% |
| #19 | AES CORP. 6.95% (n/a) - 2.44% | WALMART INC (WMT) - 0.81% |
| #20 | PPL CAPITAL FUNDING INC. 6.63% (n/a) - 2.38% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | TALOS PRODTN INC 9.38% (n/a) - 2.33% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | NOBLE FINANCE II LLC. 8% (n/a) - 2.27% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | NRG ENERGY, INC. 10.25% (n/a) - 2.20% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | n/a (n/a) - 2.14% | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | PARAMOUNT GLOBAL 6.25% (n/a) - 1.66% | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 77 | 505 |
BNDS vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
BNDS
-0.05%
Winner
SPY
+1.90%
3M
BNDS
+1.43%
Winner
SPY
+8.55%
6M
BNDS
+4.40%
Winner
SPY
+8.18%
1Y
BNDS
+12.39%
Winner
SPY
+25.79%
5Y(CAGR)
BNDS
N/A
SPY
+13.32%
10Y(CAGR)
BNDS
+0.02%
Winner
SPY
+15.19%
Max(CAGR)
BNDS
+2.26%
Winner
SPY
+8.47%
BNDS vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | BNDS | SPY |
|---|---|---|
| 2026 | +3.96% | +8.26% |
| 2025 | +8.30% | +18.00% |
| 2024 | N/A | +25.59% |
| 2023 | N/A | +26.72% |
| 2022 | N/A | -18.64% |
| 2021 | N/A | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | +3.56% | +20.78% |
| 2016 | +2.28% | +13.59% |
| 2015 | +0.06% | +1.31% |
| 2014 | +5.94% | +14.56% |
| 2013 | -2.08% | +29.00% |
| 2012 | +4.23% | +14.17% |
| 2011 | +7.93% | +0.85% |
| 2010 | +6.29% | +13.14% |
| 2009 | +3.94% | +22.67% |
| 2008 | +7.97% | -36.25% |
| 2007 | +5.46% | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
BNDS vs SPY Drawdown Comparison
The maximum drawdown for BNDS was -18.02%, occurring on Apr 8, 2025. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current BNDS drawdown is -2.29%. The current SPY drawdown is -2.90%.
| Rank | BNDS | SPY |
|---|---|---|
| #1 | -18.02% Sep 7, 2017 - Apr 8, 2025 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -13.75% Sep 9, 2008 - Nov 10, 2008 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -6.43% Jan 20, 2009 - Aug 13, 2009 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -5.01% May 1, 2013 - May 7, 2014 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -4.38% Jul 6, 2016 - Aug 31, 2017 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -3.71% Nov 4, 2010 - May 5, 2011 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -3.47% Mar 17, 2008 - Sep 9, 2008 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -3.11% Jan 30, 2015 - Feb 8, 2016 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -2.97% Nov 10, 2008 - Nov 25, 2008 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -1.82% Dec 18, 2008 - Jan 14, 2009 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -1.81% May 30, 2007 - Jul 26, 2007 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -1.81% Nov 30, 2009 - Mar 1, 2010 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -1.79% Sep 22, 2011 - Dec 16, 2011 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -1.77% Dec 3, 2007 - Jan 3, 2008 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -1.62% Jan 22, 2008 - Mar 14, 2008 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between BNDS and SPY is 0.42 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.42
-101
Dividend Comparison (1999 - 2026)
BNDS vs SPY dividend yield comparison.
| Year | BNDS | SPY |
|---|---|---|
| 2026 | 3.35% | 0.24% |
| 2025 | 7.98% | 1.07% |
| 2024 | 0.00% | 1.21% |
| 2023 | 0.00% | 1.40% |
| 2022 | 0.00% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.00% | 1.52% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 1.98% | 1.80% |
| 2016 | 2.63% | 2.03% |
| 2015 | 2.59% | 2.06% |
| 2014 | 2.43% | 1.87% |
| 2013 | 1.99% | 1.81% |
| 2012 | 2.35% | 2.18% |
| 2011 | 3.44% | 2.05% |
| 2010 | 4.54% | 1.80% |
| 2009 | 5.24% | 1.95% |
| 2008 | 4.40% | 3.02% |
| 2007 | 2.96% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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