Infrastructure Capital Bond Income ETF (BNDS) Performance
BNDS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.6% since Dec 31, 2025
- 1 year
- +0.8% total return
- Since first price
- +7.7% since 2025
BNDS trailing returns vs SPY, QQQ, AGG
| Period | BNDS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −4.9% | −5.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −4.5% | −6.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −4.2% | −8.0% | +7.8% | +8.4% | −1.5% |
| YTD | −0.6% | −6.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +0.8% | −7.0% | +14.4% | +15.9% | −1.1% |
| Since inceptionJan 15, 2025 | +7.7% | −6.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BNDS vs SPY
From Jan 15, 2025: BNDS grew to $10,769, SPY to $13,072.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BNDS returns by calendar year
2026 is year to date.
BNDS annual returns table
| Year | BNDS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −0.6% | −5.7% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BNDS risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +6.3% |
| Volatility (annualized) | 5.5% |
| Sharpe ratio | 0.45 |
| Sortino ratio | 0.68 |
| Best month | +3.3% |
| Worst month | −2.2% |
| Best 12 months | +14.9% |
| Worst 12 months | +4.1% |
| Positive months | 65% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BNDS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 10 | +0.9% | +9.4% | +14.9% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
BNDS performance overview
Infrastructure Capital Bond Income ETF (BNDS) returned +0.8% over the past year, with distributions reinvested. Since its first recorded price on Jan 15, 2025 it has returned +7.7%. Over the same year S&P 500 (SPY) returned +14.4%.
Related: BNDS chart, BNDS dividends. See the BNDS overview for the latest quote and fund facts.
BNDS performance FAQ
What is the BNDS return over the past year?
BNDS returned +0.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 7.0%.
How much would $10,000 invested in BNDS be worth?
$10,000 invested in BNDS at its first recorded close on January 15, 2025 would be worth about $10,769 on October 23, 2026 with distributions reinvested.
How volatile is BNDS?
Over the past history BNDS had an annualized volatility of 5.5% and a Sharpe ratio of 0.45 (excess return over 1–3 month T-bills per unit of risk).