SCMC vs. CARY

Last updated Jun 24, 2026

SCMC (Sterling Capital Multi-Strategy Income ETF) and CARY (Angel Oak Income ETF) are both Multisector Bonds funds. Both are actively managed. A 0.68 correlation means they provide meaningful diversification when combined. SCMC charges 0.55%/yr vs 0.80%/yr for CARY.

Performance

SCMC vs. CARY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sterling Capital Multi-Strategy Income ETF (SCMC) and Angel Oak Income ETF (CARY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with SCMC having a 2.10% return and CARY slightly lower at 2.01%.

SCMC

• 1D: 0.04%
• 1M: 0.53%
• YTD: 2.10%
• 6M: 2.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CARY

• 1D: 0.00%
• 1M: 0.49%
• YTD: 2.01%
• 6M: 2.15%
• 1Y: 6.25%
• 3Y*: 7.33%
• 5Y*: —
• 10Y*: —

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

SCMC vs. CARY - Yearly Performance Comparison

	2026 (YTD)	2025
SCMC Sterling Capital Multi-Strategy Income ETF	2.10%	0.11%
CARY Angel Oak Income ETF	2.01%	0.45%

Correlation

The correlation between SCMC and CARY is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.68

Return for Risk

SCMC vs. CARY — Risk / Return Rank

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

SCMC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CARY

CARY Risk / Return Rank: 93
CARY Sharpe Ratio Rank: 95
CARY Sortino Ratio Rank: 96
CARY Omega Ratio Rank: 96
CARY Calmar Ratio Rank: 88
CARY Martin Ratio Rank: 92

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.

SCMC vs. CARY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Multi-Strategy Income ETF (SCMC) and Angel Oak Income ETF (CARY). 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.

	SCMC	CARY	Difference
Sharpe ratio: Return per unit of total volatility	—	3.49	—
Sortino ratio: Return per unit of downside risk	—	5.42	—
Omega ratio: Gain probability vs. loss probability	—	1.76	—
Calmar ratio: Return relative to maximum drawdown	—	4.91	—
Martin ratio: Return relative to average drawdown	—	21.11	—

Drawdowns

SCMC vs. CARY - Drawdown Comparison

The maximum SCMC drawdown since its inception was -1.91%, roughly equal to the maximum CARY drawdown of -1.96%. Use the drawdown chart below to compare losses from any high point for SCMC and CARY.

Drawdown Indicators

	SCMC	CARY	Difference
Max Drawdown Largest peak-to-trough decline	-1.91%	-1.96%	+0.05%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.28%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-1.96%	—
Current Drawdown Current decline from peak	-0.08%	-0.19%	+0.11%
Average Drawdown Average peak-to-trough decline	-0.35%	-0.32%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.30%	—

Volatility

Volatility by Period

	SCMC	CARY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.89%	1.80%	+1.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.89%	2.73%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.89%	2.73%	+0.16%

SCMC vs. CARY - Expense Ratio Comparison

SCMC has a 0.55% expense ratio, which is lower than CARY's 0.80% expense ratio.

Dividends

SCMC vs. CARY - Dividend Comparison

SCMC's dividend yield for the trailing twelve months is around 2.16%, less than CARY's 5.92% yield.

Position	TTM	2025	2024	2023	2022
CARY Angel Oak Income ETF	5.92%	6.13%	6.10%	6.38%	0.48%
SCMC Sterling Capital Multi-Strategy Income ETF	2.16%	0.29%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SCMC and CARY in my portfolio?

SCMC and CARY have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SCMC or CARY?

On fees, SCMC is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCMC or CARY?

SCMC is cheaper with a 0.55% expense ratio, compared with 0.80% for CARY.

Which ETF pays a higher dividend yield, SCMC or CARY?

CARY has the higher dividend yield at 5.92%, compared with 2.16% for SCMC.

What is the main difference between SCMC and CARY?

They also come from different issuers: Sterling Capital and Angel Oak. Their fees differ too: 0.55% for SCMC and 0.80% for CARY.