GCAL vs BNDI
Comparison between GOLDMAN SACHS DYNAMIC CALIFORNIA MUNICIPAL INCOME ETF (GCAL, ETF) and NEOS ENHANCED INCOME AGGREGATE BOND ETF (BNDI, ETF).
GCAL vs BNDI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
GCAL
$172M
BNDI
$172M
Expense Ratio
Winner
GCAL
0.30%
BNDI
0.58%
Max Drawdown
Winner
GCAL
5.11%
BNDI
10.07%
Sharpe Ratio
Winner
GCAL
1.12
BNDI
0.79
5Y Beta
Winner
GCAL
0.01
BNDI
0.10
GCAL vs BNDI - Historical Returns
Returns include dividend reinvestment.
1M
Winner
GCAL
+0.59%
BNDI
+0.48%
3M
GCAL
+0.97%
Winner
BNDI
+1.24%
6M
Winner
GCAL
+2.11%
BNDI
+2.03%
1Y
Winner
GCAL
+6.41%
BNDI
+6.28%
Max(CAGR)
Winner
GCAL
+4.17%
BNDI
+4.02%
GCAL vs BNDI - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | GCAL | BNDI |
|---|---|---|
| 2026 | +1.54% | +1.52% |
| 2025 | +4.44% | +7.95% |
| 2024 | +1.65% | +2.19% |
| 2023 | N/A | +6.32% |
| 2022 | N/A | -2.60% |
GCAL vs BNDI Drawdown Comparison
The maximum drawdown for GCAL was -4.39%, occurring on Apr 11, 2025. Recovery took 130 trading sessions.
The maximum drawdown for BNDI was -6.98%, occurring on Oct 20, 2022. Recovery took 69 trading sessions.
The current GCAL drawdown is -0.33%. The current BNDI drawdown is -0.63%.
| Rank | GCAL | BNDI |
|---|---|---|
| #1 | -4.39% Mar 3, 2025 - Sep 8, 2025 | -6.98% Aug 30, 2022 - Dec 7, 2022 |
| #2 | -2.24% Feb 27, 2026 - Mar 26, 2026 | -6.92% Apr 5, 2023 - Dec 13, 2023 |
| #3 | -1.97% Dec 4, 2024 - Feb 25, 2025 | -4.57% Sep 16, 2024 - Jun 24, 2025 |
| #4 | -1.92% Oct 1, 2024 - Dec 2, 2024 | -4.02% Feb 2, 2023 - Apr 3, 2023 |
| #5 | -0.80% Aug 5, 2024 - Sep 4, 2024 | -3.84% Feb 1, 2024 - Jul 11, 2024 |
| #6 | -0.45% Sep 17, 2025 - Oct 8, 2025 | -2.75% Feb 27, 2026 - Mar 27, 2026 |
| #7 | -0.40% Nov 11, 2025 - Nov 25, 2025 | -2.69% Dec 7, 2022 - Jan 12, 2023 |
| #8 | -0.36% Jan 16, 2026 - Jan 30, 2026 | -1.90% Dec 27, 2023 - Feb 1, 2024 |
| #9 | -0.35% Nov 26, 2025 - Dec 18, 2025 | -1.35% Jun 30, 2025 - Aug 1, 2025 |
| #10 | -0.27% Oct 24, 2025 - Nov 10, 2025 | -1.24% Aug 2, 2024 - Aug 14, 2024 |
| #11 | -0.16% Sep 16, 2024 - Sep 27, 2024 | -1.17% Oct 27, 2025 - Jan 14, 2026 |
| #12 | -0.14% Dec 24, 2025 - Dec 29, 2025 | -0.84% Jul 16, 2024 - Jul 31, 2024 |
| #13 | -0.10% Oct 22, 2025 - Oct 24, 2025 | -0.82% Jan 18, 2023 - Feb 1, 2023 |
| #14 | -0.09% Feb 25, 2025 - Feb 28, 2025 | -0.77% Jan 14, 2026 - Feb 5, 2026 |
| #15 | -0.07% Oct 14, 2025 - Oct 16, 2025 | -0.68% Sep 16, 2025 - Oct 13, 2025 |
Correlation
Correlation between GCAL and BNDI is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (2022 - 2026)
GCAL vs BNDI dividend yield comparison.
| Year | GCAL | BNDI |
|---|---|---|
| 2026 | 1.48% | 2.91% |
| 2025 | 3.06% | 5.69% |
| 2024 | 1.41% | 5.54% |
| 2023 | 0.00% | 5.17% |
| 2022 | 0.00% | 1.68% |
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