SCCPX vs. LMLCX

Last updated Jun 24, 2026

SCCPX (Sterling Capital Long Duration Corporate Bond Fund) and LMLCX (Western Asset SMASh Series C Fund) are both Corporate Bonds funds. Over the past 10 years, SCCPX returned 22.01%/yr vs 4.60%/yr for LMLCX. A 0.57 correlation means they provide meaningful diversification when combined. SCCPX charges 0.45%/yr vs 0.00%/yr for LMLCX.

Performance

SCCPX vs. LMLCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sterling Capital Long Duration Corporate Bond Fund (SCCPX) and Western Asset SMASh Series C Fund (LMLCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCCPX achieves a 0.53% return, which is significantly lower than LMLCX's 1.68% return. Over the past 10 years, SCCPX has outperformed LMLCX with an annualized return of 22.01%, while LMLCX has yielded a comparatively lower 4.60% annualized return.

SCCPX

• 1D: -0.59%
• 1M: 1.19%
• YTD: 0.53%
• 6M: 0.81%
• 1Y: 5.65%
• 3Y*: 3.47%
• 5Y*: -2.58%
• 10Y*: 22.01%

LMLCX

• 1D: -0.44%
• 1M: 1.32%
• YTD: 1.68%
• 6M: 1.80%
• 1Y: 8.89%
• 3Y*: 6.12%
• 5Y*: 4.41%
• 10Y*: 4.60%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SCCPX vs. LMLCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCCPX Sterling Capital Long Duration Corporate Bond Fund	0.53%	6.37%	-1.68%	9.20%	-23.65%	-0.01%	625.95%	10.78%	-0.95%	4.22%
LMLCX Western Asset SMASh Series C Fund	1.68%	12.22%	-2.21%	12.93%	-3.51%	3.08%	2.93%	15.10%	-4.24%	7.20%

Correlation

The correlation between SCCPX and LMLCX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since May 23, 2012	0.57

Over the past year, SCCPX and LMLCX have become more correlated (0.94) than their long-term average of 0.57, meaning their price movements have been converging.

Return for Risk

SCCPX vs. LMLCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCCPX

SCCPX Risk / Return Rank: 10
SCCPX Sharpe Ratio Rank: 10
SCCPX Sortino Ratio Rank: 10
SCCPX Omega Ratio Rank: 9
SCCPX Calmar Ratio Rank: 12
SCCPX Martin Ratio Rank: 10

LMLCX

LMLCX Risk / Return Rank: 33
LMLCX Sharpe Ratio Rank: 29
LMLCX Sortino Ratio Rank: 31
LMLCX Omega Ratio Rank: 29
LMLCX Calmar Ratio Rank: 39
LMLCX Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCCPX vs. LMLCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Long Duration Corporate Bond Fund (SCCPX) and Western Asset SMASh Series C Fund (LMLCX). 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.

	SCCPX	LMLCX	Difference
Sharpe ratio: Return per unit of total volatility	0.77	1.42	-0.65
Sortino ratio: Return per unit of downside risk	1.15	2.14	-1.00
Omega ratio: Gain probability vs. loss probability	1.14	1.26	-0.12
Calmar ratio: Return relative to maximum drawdown	1.06	2.26	-1.20
Martin ratio: Return relative to average drawdown	2.65	7.77	-5.12

SCCPX vs. LMLCX - Sharpe Ratio Comparison

The current SCCPX Sharpe Ratio is 0.77, which is lower than the LMLCX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of SCCPX and LMLCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SCCPX vs. LMLCX - Drawdown Comparison

The maximum SCCPX drawdown since its inception was -31.88%, which is greater than LMLCX's maximum drawdown of -23.45%. Use the drawdown chart below to compare losses from any high point for SCCPX and LMLCX.

Drawdown Indicators

	SCCPX	LMLCX	Difference
Max Drawdown Largest peak-to-trough decline	-31.88%	-23.45%	-8.43%
Max Drawdown (1Y) Largest decline over 1 year	-5.49%	-4.22%	-1.27%
Max Drawdown (3Y) Largest decline over 3 years	-12.96%	-11.77%	-1.19%
Max Drawdown (5Y) Largest decline over 5 years	-31.88%	-11.77%	-20.11%
Max Drawdown (10Y) Largest decline over 10 years	-31.88%	-23.45%	-8.43%
Current Drawdown Current decline from peak	-13.39%	-0.44%	-12.95%
Average Drawdown Average peak-to-trough decline	-6.42%	-1.94%	-4.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	1.23%	+0.97%

Volatility

SCCPX vs. LMLCX - Volatility Comparison

Sterling Capital Long Duration Corporate Bond Fund (SCCPX) has a higher volatility of 1.99% compared to Western Asset SMASh Series C Fund (LMLCX) at 1.85%. This indicates that SCCPX's price experiences larger fluctuations and is considered to be riskier than LMLCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCCPX	LMLCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.99%	1.85%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	5.58%	4.65%	+0.93%
Volatility (1Y) Calculated over the trailing 1-year period	7.59%	6.74%	+0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.22%	7.82%	+3.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	182.29%	7.21%	+175.08%

SCCPX vs. LMLCX - Expense Ratio Comparison

SCCPX has a 0.45% expense ratio, which is higher than LMLCX's 0.00% expense ratio.

Dividends

SCCPX vs. LMLCX - Dividend Comparison

SCCPX's dividend yield for the trailing twelve months is around 5.12%, less than LMLCX's 6.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LMLCX Western Asset SMASh Series C Fund	6.21%	6.11%	6.58%	5.78%	4.46%	5.42%	3.54%	4.16%	5.59%	4.04%	3.75%	5.64%
SCCPX Sterling Capital Long Duration Corporate Bond Fund	5.12%	4.99%	4.84%	3.54%	4.11%	13.93%	88.30%	3.01%	3.31%	3.76%	3.41%	3.16%

Frequently Asked Questions

Can I hold both SCCPX and LMLCX in my portfolio?

With a correlation of 0.94, SCCPX and LMLCX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SCCPX or LMLCX?

SCCPX has higher volatility (1.99%) compared to LMLCX (1.85%). In terms of maximum drawdown, SCCPX dropped -31.88% vs LMLCX's -23.45%.

Which has better risk-adjusted returns?

LMLCX currently has the higher Sharpe Ratio (1.42 vs 0.77), 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.