BBNTX vs. INDA
BBNTX (Sterling Capital North Carolina Intermediate Tax-Free Fund) and INDA (iShares MSCI India ETF) are both funds - BBNTX is a Municipal Bonds fund managed by Sterling Capital, while INDA is a India Equities fund tracking the MSCI India Index. Over the past 10 years, BBNTX returned 1.38%/yr vs 6.61%/yr for INDA. At a correlation of -0.01, they often move in opposite directions. BBNTX charges 0.57%/yr vs 0.69%/yr for INDA.
Performance
BBNTX vs. INDA - Performance Comparison
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Returns By Period
In the year-to-date period, BBNTX achieves a 0.25% return, which is significantly higher than INDA's -9.51% return. Over the past 10 years, BBNTX has underperformed INDA with an annualized return of 1.38%, while INDA has yielded a comparatively higher 6.61% annualized return.
BBNTX
- 1D
- -0.20%
- 1M
- -0.37%
- 6M
- -0.34%
- YTD
- 0.25%
- 1Y
- 4.07%
- 3Y*
- 2.81%
- 5Y*
- 0.56%
- 10Y*
- 1.38%
INDA
- 1D
- 0.45%
- 1M
- -0.31%
- 6M
- -7.46%
- YTD
- -9.51%
- 1Y
- -11.09%
- 3Y*
- 3.43%
- 5Y*
- 3.49%
- 10Y*
- 6.61%
BBNTX vs. INDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBNTX Sterling Capital North Carolina Intermediate Tax-Free Fund | 0.25% | 5.19% | 0.45% | 3.64% | -5.86% | -0.23% | 4.26% | 6.09% | 0.73% | 3.28% |
INDA iShares MSCI India ETF | -9.51% | 2.68% | 8.63% | 17.16% | -8.94% | 21.36% | 14.83% | 6.49% | -6.67% | 36.08% |
Correlation
The correlation between BBNTX and INDA is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2012 | -0.01 |
The correlation between BBNTX and INDA shifts across timeframes, from -0.01 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BBNTX vs. INDA — Risk / Return Rank
BBNTX
INDA
BBNTX vs. INDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sterling Capital North Carolina Intermediate Tax-Free Fund (BBNTX) and iShares MSCI India ETF (INDA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BBNTX | INDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.60 | ||
| Sortino ratioReturn per unit of downside risk | +3.71 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 0.89 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | -0.62 | +2.04 |
| Martin ratioReturn relative to average drawdown | 4.11 | -1.40 | +5.51 |
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Drawdowns
BBNTX vs. INDA - Drawdown Comparison
The maximum BBNTX drawdown since its inception was -10.25%, smaller than the maximum INDA drawdown of -45.07%. Use the drawdown chart below to compare losses from any high point for BBNTX and INDA.
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Drawdown Indicators
| BBNTX | INDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.25% | -45.07% | +34.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -17.85% | +15.04% |
Max Drawdown (3Y)Largest decline over 3 years | -4.15% | -22.72% | +18.57% |
Max Drawdown (5Y)Largest decline over 5 years | -10.16% | -22.72% | +12.56% |
Max Drawdown (10Y)Largest decline over 10 years | -10.25% | -45.07% | +34.82% |
Current DrawdownCurrent decline from peak | -1.53% | -16.78% | +15.25% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -9.63% | +8.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 8.00% | -7.03% |
Volatility
BBNTX vs. INDA - Volatility Comparison
The current volatility for Sterling Capital North Carolina Intermediate Tax-Free Fund (BBNTX) is 0.57%, while iShares MSCI India ETF (INDA) has a volatility of 3.79%. This indicates that BBNTX experiences smaller price fluctuations and is considered to be less risky than INDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBNTX | INDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 3.79% | -3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 1.79% | 13.07% | -11.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.15% | 14.99% | -12.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.85% | 15.46% | -12.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.22% | 21.05% | -17.83% |
BBNTX vs. INDA - Expense Ratio Comparison
BBNTX has a 0.57% expense ratio, which is lower than INDA's 0.69% expense ratio.
Dividends
BBNTX vs. INDA - Dividend Comparison
BBNTX's dividend yield for the trailing twelve months is around 2.70%, while INDA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBNTX Sterling Capital North Carolina Intermediate Tax-Free Fund | 2.70% | 3.52% | 2.82% | 2.07% | 1.94% | 1.59% | 1.62% | 2.43% | 2.51% | 2.39% | 2.73% | 2.98% |
INDA iShares MSCI India ETF | 0.00% | 0.00% | 0.76% | 0.16% | 0.00% | 6.44% | 0.27% | 0.99% | 0.94% | 1.09% | 0.90% | 1.19% |
Frequently Asked Questions
BBNTX and INDA have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INDA has higher volatility (3.79%) compared to BBNTX (0.57%). In terms of maximum drawdown, BBNTX dropped -10.25% vs INDA's -45.07%.
BBNTX currently has the higher Sharpe Ratio (1.86 vs -0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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