OWVAX vs. SCSPX
OWVAX (Sterling Capital West Virginia Intermediate Tax-Free Fund) and SCSPX (Sterling Capital Quality Income Fund) are both mutual funds - OWVAX is a Municipal Bonds fund managed by Sterling Capital, while SCSPX is a Intermediate Core Bond fund managed by Sterling Capital. Over the past 10 years, OWVAX returned 1.80%/yr vs 1.90%/yr for SCSPX. A 0.53 correlation means they provide meaningful diversification when combined. Both charge a 0.58% expense ratio.
Performance
OWVAX vs. SCSPX - Performance Comparison
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Returns By Period
In the year-to-date period, OWVAX achieves a 1.11% return, which is significantly higher than SCSPX's 0.42% return. Over the past 10 years, OWVAX has underperformed SCSPX with an annualized return of 1.80%, while SCSPX has yielded a comparatively higher 1.90% annualized return.
OWVAX
- 1D
- 0.00%
- 1M
- 1.10%
- YTD
- 1.11%
- 6M
- 1.46%
- 1Y
- 5.14%
- 3Y*
- 3.55%
- 5Y*
- 1.15%
- 10Y*
- 1.80%
SCSPX
- 1D
- 0.22%
- 1M
- 0.77%
- YTD
- 0.42%
- 6M
- 0.74%
- 1Y
- 5.01%
- 3Y*
- 4.46%
- 5Y*
- 0.90%
- 10Y*
- 1.90%
OWVAX vs. SCSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OWVAX Sterling Capital West Virginia Intermediate Tax-Free Fund | 1.11% | 5.44% | 1.18% | 4.18% | -5.91% | 0.39% | 4.49% | 6.15% | 0.67% | 3.43% |
SCSPX Sterling Capital Quality Income Fund | 0.42% | 7.61% | 2.38% | 4.51% | -9.02% | -1.05% | 4.58% | 6.24% | 1.49% | 3.09% |
Correlation
The correlation between OWVAX and SCSPX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.53 |
The correlation between OWVAX and SCSPX shifts across timeframes, from 0.50 (1 year) to 0.60 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
OWVAX vs. SCSPX — Risk / Return Rank
OWVAX
SCSPX
OWVAX vs. SCSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sterling Capital West Virginia Intermediate Tax-Free Fund (OWVAX) and Sterling Capital Quality Income Fund (SCSPX). 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.
| OWVAX | SCSPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 1.25 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 1.73 | +0.44 |
| Martin ratioReturn relative to average drawdown | 7.04 | 4.99 | +2.05 |
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Drawdowns
OWVAX vs. SCSPX - Drawdown Comparison
The maximum OWVAX drawdown since its inception was -12.59%, smaller than the maximum SCSPX drawdown of -13.41%. Use the drawdown chart below to compare losses from any high point for OWVAX and SCSPX.
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Drawdown Indicators
| OWVAX | SCSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.59% | -13.41% | +0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.38% | -2.91% | +0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -3.60% | -5.08% | +1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -9.42% | -13.41% | +3.99% |
Max Drawdown (10Y)Largest decline over 10 years | -9.79% | -13.41% | +3.62% |
Current DrawdownCurrent decline from peak | -0.61% | -1.51% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -2.16% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 1.01% | -0.28% |
Volatility
OWVAX vs. SCSPX - Volatility Comparison
The current volatility for Sterling Capital West Virginia Intermediate Tax-Free Fund (OWVAX) is 0.55%, while Sterling Capital Quality Income Fund (SCSPX) has a volatility of 1.21%. This indicates that OWVAX experiences smaller price fluctuations and is considered to be less risky than SCSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OWVAX | SCSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 1.21% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 1.56% | 2.71% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.96% | 3.62% | -1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.69% | 4.97% | -2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.08% | 3.95% | -0.87% |
OWVAX vs. SCSPX - Expense Ratio Comparison
Both OWVAX and SCSPX have an expense ratio of 0.58%.
Dividends
OWVAX vs. SCSPX - Dividend Comparison
OWVAX's dividend yield for the trailing twelve months is around 2.87%, less than SCSPX's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OWVAX Sterling Capital West Virginia Intermediate Tax-Free Fund | 2.87% | 3.76% | 3.08% | 2.26% | 1.99% | 1.76% | 2.03% | 2.73% | 2.58% | 2.47% | 2.81% | 2.90% |
SCSPX Sterling Capital Quality Income Fund | 3.91% | 3.85% | 3.60% | 2.57% | 2.37% | 2.05% | 2.50% | 2.99% | 3.19% | 2.74% | 2.66% | 2.71% |
Frequently Asked Questions
OWVAX and SCSPX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCSPX has higher volatility (1.21%) compared to OWVAX (0.55%). In terms of maximum drawdown, OWVAX dropped -12.59% vs SCSPX's -13.41%.
OWVAX currently has the higher Sharpe Ratio (2.63 vs 1.39), 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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