SCCPX vs. VBF

Last updated Jun 24, 2026

SCCPX (Sterling Capital Long Duration Corporate Bond Fund) and VBF (Invesco Bond Fund) are both Corporate Bonds funds. Over the past 10 years, SCCPX returned 22.01%/yr vs 3.01%/yr for VBF. At a 0.27 correlation, their price movements are largely independent. SCCPX charges 0.45%/yr vs 0.62%/yr for VBF.

Performance

SCCPX vs. VBF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sterling Capital Long Duration Corporate Bond Fund (SCCPX) and Invesco Bond Fund (VBF). 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 higher than VBF's -0.44% return. Over the past 10 years, SCCPX has outperformed VBF with an annualized return of 22.01%, while VBF has yielded a comparatively lower 3.01% 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%

VBF

• 1D: 0.20%
• 1M: 0.38%
• YTD: -0.44%
• 6M: -0.12%
• 1Y: 1.90%
• 3Y*: 5.67%
• 5Y*: -1.34%
• 10Y*: 3.01%

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

SCCPX vs. VBF - 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%
VBF Invesco Bond Fund	-0.44%	5.46%	6.97%	2.27%	-17.77%	-5.37%	12.80%	30.91%	-11.16%	13.35%

Correlation

The correlation between SCCPX and VBF is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012	0.27

Over the past year, SCCPX and VBF have become more correlated (0.57) than their long-term average of 0.27, meaning their price movements have been converging.

Return for Risk

SCCPX vs. VBF — 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

VBF

VBF Risk / Return Rank: 5
VBF Sharpe Ratio Rank: 5
VBF Sortino Ratio Rank: 5
VBF Omega Ratio Rank: 5
VBF Calmar Ratio Rank: 6
VBF Martin Ratio Rank: 6

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. VBF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Long Duration Corporate Bond Fund (SCCPX) and Invesco Bond Fund (VBF). 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	VBF	Difference
Sharpe ratio: Return per unit of total volatility	0.77	0.32	+0.45
Sortino ratio: Return per unit of downside risk	1.15	0.53	+0.62
Omega ratio: Gain probability vs. loss probability	1.14	1.06	+0.08
Calmar ratio: Return relative to maximum drawdown	1.06	0.47	+0.59
Martin ratio: Return relative to average drawdown	2.65	1.25	+1.40

SCCPX vs. VBF - Sharpe Ratio Comparison

The current SCCPX Sharpe Ratio is 0.77, which is higher than the VBF Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of SCCPX and VBF, 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. VBF - Drawdown Comparison

The maximum SCCPX drawdown since its inception was -31.88%, roughly equal to the maximum VBF drawdown of -32.23%. Use the drawdown chart below to compare losses from any high point for SCCPX and VBF.

Drawdown Indicators

	SCCPX	VBF	Difference
Max Drawdown Largest peak-to-trough decline	-31.88%	-32.23%	+0.35%
Max Drawdown (1Y) Largest decline over 1 year	-5.49%	-4.03%	-1.46%
Max Drawdown (3Y) Largest decline over 3 years	-12.96%	-11.52%	-1.44%
Max Drawdown (5Y) Largest decline over 5 years	-31.88%	-32.23%	+0.35%
Max Drawdown (10Y) Largest decline over 10 years	-31.88%	-32.23%	+0.35%
Current Drawdown Current decline from peak	-13.39%	-11.30%	-2.09%
Average Drawdown Average peak-to-trough decline	-6.42%	-7.25%	+0.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	1.53%	+0.67%

Volatility

SCCPX vs. VBF - Volatility Comparison

Sterling Capital Long Duration Corporate Bond Fund (SCCPX) has a higher volatility of 1.99% compared to Invesco Bond Fund (VBF) at 1.64%. This indicates that SCCPX's price experiences larger fluctuations and is considered to be riskier than VBF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCCPX	VBF	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.99%	1.64%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	5.58%	4.54%	+1.04%
Volatility (1Y) Calculated over the trailing 1-year period	7.59%	6.01%	+1.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.22%	12.36%	-1.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	182.29%	12.74%	+169.55%

SCCPX vs. VBF - Expense Ratio Comparison

SCCPX has a 0.45% expense ratio, which is lower than VBF's 0.62% expense ratio.

Dividends

SCCPX vs. VBF - Dividend Comparison

SCCPX's dividend yield for the trailing twelve months is around 5.12%, less than VBF's 5.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VBF Invesco Bond Fund	5.52%	5.46%	5.51%	5.31%	4.60%	3.36%	6.89%	5.04%	5.40%	5.07%	4.56%	5.40%

Frequently Asked Questions

Can I hold both SCCPX and VBF in my portfolio?

SCCPX and VBF have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCCPX or VBF?

SCCPX has higher volatility (1.99%) compared to VBF (1.64%). In terms of maximum drawdown, SCCPX dropped -31.88% vs VBF's -32.23%.

Which has better risk-adjusted returns?

SCCPX currently has the higher Sharpe Ratio (0.77 vs 0.32), 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.