SCEC vs. BNDP

Last updated Jun 4, 2026

SCEC (Sterling Capital Enhanced Core Bond ETF) and BNDP (Vanguard Core-Plus Bond Index ETF) are both Intermediate Core-Plus Bond funds. SCEC is actively managed, while BNDP is passively managed. Their correlation of 0.93 suggests significant overlap in exposure. SCEC charges 0.39%/yr vs 0.05%/yr for BNDP.

Performance

SCEC vs. BNDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sterling Capital Enhanced Core Bond ETF (SCEC) and Vanguard Core-Plus Bond Index ETF (BNDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCEC achieves a 0.26% return, which is significantly lower than BNDP's 0.34% return.

SCEC

• 1D: -0.16%
• 1M: 0.41%
• YTD: 0.26%
• 6M: 0.39%
• 1Y: 5.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNDP

• 1D: -0.08%
• 1M: 0.41%
• YTD: 0.34%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCEC vs. BNDP - Yearly Performance Comparison

	2026 (YTD)	2025
SCEC Sterling Capital Enhanced Core Bond ETF	0.26%	0.33%
BNDP Vanguard Core-Plus Bond Index ETF	0.34%	0.10%

Correlation

The correlation between SCEC and BNDP is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 5, 2025	0.93

Return for Risk

SCEC vs. BNDP — Risk / Return Rank

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

SCEC

SCEC Risk / Return Rank: 42
SCEC Sharpe Ratio Rank: 43
SCEC Sortino Ratio Rank: 45
SCEC Omega Ratio Rank: 43
SCEC Calmar Ratio Rank: 39
SCEC Martin Ratio Rank: 39

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.

SCEC vs. BNDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Enhanced Core Bond ETF (SCEC) and Vanguard Core-Plus Bond Index ETF (BNDP). 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.

	SCEC	BNDP	Difference
Sharpe ratio: Return per unit of total volatility	1.49	—	—
Sortino ratio: Return per unit of downside risk	2.22	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	1.91	—	—
Martin ratio: Return relative to average drawdown	6.06	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SCEC	BNDP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	0.25	+0.80

Drawdowns

SCEC vs. BNDP - Drawdown Comparison

The maximum SCEC drawdown since its inception was -2.98%, which is greater than BNDP's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for SCEC and BNDP.

Drawdown Indicators

	SCEC	BNDP	Difference
Max Drawdown Largest peak-to-trough decline	-2.98%	-2.60%	-0.38%
Max Drawdown (1Y) Largest decline over 1 year	-2.80%	—	—
Current Drawdown Current decline from peak	-1.35%	-1.31%	-0.04%
Average Drawdown Average peak-to-trough decline	-0.79%	-0.86%	+0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	—	—

Volatility

Volatility by Period

	SCEC	BNDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.64%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.58%	3.63%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.12%	3.63%	+0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.12%	3.63%	+0.49%

SCEC vs. BNDP - Expense Ratio Comparison

SCEC has a 0.39% expense ratio, which is higher than BNDP's 0.05% expense ratio.

Dividends

SCEC vs. BNDP - Dividend Comparison

SCEC's dividend yield for the trailing twelve months is around 4.85%, more than BNDP's 2.08% yield.

Position	TTM	2025
BNDP Vanguard Core-Plus Bond Index ETF	2.08%	0.24%
SCEC Sterling Capital Enhanced Core Bond ETF	4.85%	3.58%

Frequently Asked Questions

Can I hold both SCEC and BNDP in my portfolio?

With a correlation of 0.93, SCEC and BNDP 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 ETF is better, SCEC or BNDP?

On fees, BNDP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCEC or BNDP?

BNDP is cheaper with a 0.05% expense ratio, compared with 0.39% for SCEC.

Which ETF pays a higher dividend yield, SCEC or BNDP?

SCEC has the higher dividend yield at 4.85%, compared with 2.08% for BNDP.

What is the main difference between SCEC and BNDP?

They also come from different issuers: Sterling Capital and Vanguard. Their fees differ too: 0.39% for SCEC and 0.05% for BNDP.