BVATX vs. BOPIX
BVATX (Sterling Capital Virginia Intermediate Tax Free Fund) and BOPIX (Sterling Capital Special Opportunities Fund) are both mutual funds - BVATX is a Municipal Bonds fund managed by Sterling Capital, while BOPIX is a Large Cap Blend Equities fund managed by Sterling Capital. Over the past 10 years, BVATX returned 1.20%/yr vs 12.75%/yr for BOPIX. Their -0.07 correlation means they have often moved in opposite directions in the past. BVATX charges 0.58%/yr vs 0.87%/yr for BOPIX.
Performance
BVATX vs. BOPIX - Performance Comparison
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Returns By Period
In the year-to-date period, BVATX achieves a -0.72% return, which is significantly lower than BOPIX's 6.73% return. Over the past 10 years, BVATX has underperformed BOPIX with an annualized return of 1.20%, while BOPIX has yielded a comparatively higher 12.75% annualized return.
BVATX
- 1D
- -0.09%
- 1M
- -1.80%
- 6M
- -1.47%
- YTD
- -0.72%
- 1Y
- 2.17%
- 3Y*
- 2.23%
- 5Y*
- 0.24%
- 10Y*
- 1.20%
- ALL TIME*
- 2.93%
BOPIX
- 1D
- 1.11%
- 1M
- -2.35%
- 6M
- 6.93%
- YTD
- 6.73%
- 1Y
- 18.16%
- 3Y*
- 15.19%
- 5Y*
- 8.73%
- 10Y*
- 12.75%
- ALL TIME*
- 11.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BVATX vs. BOPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BVATX Sterling Capital Virginia Intermediate Tax Free Fund | -0.72% | 4.70% | 0.32% | 3.60% | -5.59% | -0.59% | 4.28% | 6.32% | 0.79% | 3.28% |
BOPIX Sterling Capital Special Opportunities Fund | 6.73% | 13.38% | 21.00% | 25.16% | -20.04% | 27.75% | 13.46% | 35.34% | -4.54% | 19.63% |
Correlation
The correlation between BVATX and BOPIX is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since May 30, 2003 | -0.07 |
The correlation between BVATX and BOPIX shifts across timeframes, from -0.07 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BVATX vs. BOPIX — Risk / Return Rank
BVATX
BOPIX
BVATX vs. BOPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Virginia Intermediate Tax Free Fund (BVATX) and Sterling Capital Special Opportunities Fund (BOPIX). 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.
| BVATX | BOPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.16 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 0.96 | +0.12 |
| Martin ratioReturn relative to average drawdown | 2.90 | 3.10 | -0.20 |
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Drawdowns
BVATX vs. BOPIX - Drawdown Comparison
The maximum BVATX drawdown since its inception was -10.24%, smaller than the maximum BOPIX drawdown of -51.68%. Use the drawdown chart below to compare losses from any high point for BVATX and BOPIX.
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Drawdown Indicators
| BVATX | BOPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.24% | -51.68% | +41.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -14.94% | +12.37% |
Max Drawdown (3Y)Largest decline over 3 years | -3.47% | -21.69% | +18.22% |
Max Drawdown (5Y)Largest decline over 5 years | -9.97% | -25.02% | +15.05% |
Max Drawdown (10Y)Largest decline over 10 years | -10.24% | -38.76% | +28.52% |
Current DrawdownCurrent decline from peak | -2.35% | -5.71% | +3.36% |
Average DrawdownAverage peak-to-trough decline | -1.61% | -6.07% | +4.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 4.62% | -3.66% |
Volatility
BVATX vs. BOPIX - Volatility Comparison
The current volatility for Sterling Capital Virginia Intermediate Tax Free Fund (BVATX) is 0.75%, while Sterling Capital Special Opportunities Fund (BOPIX) has a volatility of 3.16%. This indicates that BVATX experiences smaller price fluctuations and is considered to be less risky than BOPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BVATX | BOPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 3.16% | -2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 1.79% | 12.07% | -10.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.14% | 15.27% | -13.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.83% | 18.71% | -15.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.19% | 19.31% | -16.12% |
BVATX vs. BOPIX - Expense Ratio Comparison
BVATX has a 0.58% expense ratio, which is lower than BOPIX's 0.87% expense ratio.
Dividends
BVATX vs. BOPIX - Dividend Comparison
BVATX's dividend yield for the trailing twelve months is around 2.37%, less than BOPIX's 17.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOPIX Sterling Capital Special Opportunities Fund | 17.68% | 18.87% | 16.95% | 17.90% | 7.84% | 12.03% | 1.24% | 10.09% | 9.17% | 7.89% | 1.88% | 15.18% |
BVATX Sterling Capital Virginia Intermediate Tax Free Fund | 2.37% | 3.36% | 2.67% | 1.89% | 1.81% | 1.65% | 2.03% | 2.27% | 2.24% | 2.20% | 3.06% | 2.71% |
Frequently Asked Questions
BVATX and BOPIX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOPIX has higher volatility (3.16%) compared to BVATX (0.75%). In terms of maximum drawdown, BVATX dropped -10.24% vs BOPIX's -51.68%.
BVATX currently has the higher Sharpe Ratio (1.30 vs 0.94), 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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