SCEC vs. SCNM

Last updated Jun 4, 2026

SCEC (Sterling Capital Enhanced Core Bond ETF) and SCNM (Sterling Capital National Municipal Bond ETF) are both exchange-traded funds - SCEC is a Intermediate Core-Plus Bond fund actively managed by Sterling Capital, while SCNM is a Municipal Bonds fund actively managed by Sterling Capital. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. SCEC charges 0.39%/yr vs 0.35%/yr for SCNM.

Performance

SCEC vs. SCNM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sterling Capital Enhanced Core Bond ETF (SCEC) and Sterling Capital National Municipal Bond ETF (SCNM). 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 SCNM's 1.38% return.

SCEC

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

SCNM

• 1D: 0.12%
• 1M: 0.93%
• YTD: 1.38%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCEC vs. SCNM - Yearly Performance Comparison

	2026 (YTD)	2025
SCEC Sterling Capital Enhanced Core Bond ETF	0.26%	0.41%
SCNM Sterling Capital National Municipal Bond ETF	1.38%	0.01%

Correlation

The correlation between SCEC and SCNM is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025	0.44

Return for Risk

SCEC vs. SCNM — 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. SCNM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Enhanced Core Bond ETF (SCEC) and Sterling Capital National Municipal Bond ETF (SCNM). 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	SCNM	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	SCNM	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	0.92	+0.13

Drawdowns

SCEC vs. SCNM - Drawdown Comparison

The maximum SCEC drawdown since its inception was -2.98%, which is greater than SCNM's maximum drawdown of -2.81%. Use the drawdown chart below to compare losses from any high point for SCEC and SCNM.

Drawdown Indicators

	SCEC	SCNM	Difference
Max Drawdown Largest peak-to-trough decline	-2.98%	-2.81%	-0.17%
Max Drawdown (1Y) Largest decline over 1 year	-2.80%	—	—
Current Drawdown Current decline from peak	-1.35%	-0.46%	-0.89%
Average Drawdown Average peak-to-trough decline	-0.79%	-0.83%	+0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	—	—

Volatility

Volatility by Period

	SCEC	SCNM	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%	3.27%	+0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.12%	3.27%	+0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.12%	3.27%	+0.85%

SCEC vs. SCNM - Expense Ratio Comparison

SCEC has a 0.39% expense ratio, which is higher than SCNM's 0.35% expense ratio.

Dividends

SCEC vs. SCNM - Dividend Comparison

SCEC's dividend yield for the trailing twelve months is around 4.85%, more than SCNM's 1.50% yield.

Position	TTM	2025
SCEC Sterling Capital Enhanced Core Bond ETF	4.85%	3.58%
SCNM Sterling Capital National Municipal Bond ETF	1.50%	0.23%

Frequently Asked Questions

Can I hold both SCEC and SCNM in my portfolio?

SCEC and SCNM have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SCEC or SCNM?

On fees, SCNM is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCEC or SCNM?

SCNM is cheaper with a 0.35% expense ratio, compared with 0.39% for SCEC.

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

SCEC has the higher dividend yield at 4.85%, compared with 1.50% for SCNM.

What is the main difference between SCEC and SCNM?

SCEC is categorized as Intermediate Core-Plus Bond, while SCNM is Municipal Bonds. Their fees differ too: 0.39% for SCEC and 0.35% for SCNM.