SCNM vs. HYMB
SCNM (Sterling Capital National Municipal Bond ETF) and HYMB (SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF) are both Municipal Bonds funds. SCNM is actively managed, while HYMB is passively managed. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
SCNM vs. HYMB - Performance Comparison
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Returns By Period
In the year-to-date period, SCNM achieves a 1.26% return, which is significantly lower than HYMB's 3.07% return.
SCNM
- 1D
- -0.12%
- 1M
- 0.85%
- YTD
- 1.26%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYMB
- 1D
- 0.20%
- 1M
- 1.19%
- YTD
- 3.07%
- 6M
- 3.18%
- 1Y
- 7.38%
- 3Y*
- 5.23%
- 5Y*
- 0.46%
- 10Y*
- 2.47%
SCNM vs. HYMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SCNM Sterling Capital National Municipal Bond ETF | 1.26% | 0.01% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 3.07% | -0.02% |
Correlation
The correlation between SCNM and HYMB 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 (All Time) Calculated using the full available price history since Dec 12, 2025 | 0.57 |
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Return for Risk
SCNM vs. HYMB — Risk / Return Rank
SCNM
HYMB
SCNM vs. HYMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sterling Capital National Municipal Bond ETF (SCNM) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| SCNM | HYMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.83 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.07 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.45 | +0.38 |
Drawdowns
SCNM vs. HYMB - Drawdown Comparison
The maximum SCNM drawdown since its inception was -2.81%, smaller than the maximum HYMB drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for SCNM and HYMB.
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Drawdown Indicators
| SCNM | HYMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.81% | -29.57% | +26.76% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.11% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.44% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | -0.58% | 0.00% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -3.80% | +2.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.88% | — |
Volatility
SCNM vs. HYMB - Volatility Comparison
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Volatility by Period
| SCNM | HYMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.35% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.26% | 4.06% | -0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.26% | 6.66% | -3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.26% | 11.35% | -8.09% |
SCNM vs. HYMB - Expense Ratio Comparison
Both SCNM and HYMB have an expense ratio of 0.35%.
Dividends
SCNM vs. HYMB - Dividend Comparison
SCNM's dividend yield for the trailing twelve months is around 1.50%, less than HYMB's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.54% | 4.55% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% |
SCNM Sterling Capital National Municipal Bond ETF | 1.50% | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SCNM and HYMB 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.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SCNM and HYMB have the same expense ratio: 0.35% per year.
HYMB has the higher dividend yield at 4.54%, compared with 1.50% for SCNM.
They also come from different issuers: Sterling Capital and State Street.
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