SCNM vs. IBMM

Last updated Jun 4, 2026

SCNM (Sterling Capital National Municipal Bond ETF) and IBMM (iShares iBonds Dec 2024 Term Muni Bond ETF) are both Municipal Bonds funds. SCNM is actively managed, while IBMM is passively managed. SCNM charges 0.35%/yr vs 0.18%/yr for IBMM.

Performance

SCNM vs. IBMM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sterling Capital National Municipal Bond ETF (SCNM) and iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SCNM

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

IBMM

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCNM vs. IBMM - Yearly Performance Comparison

	2026 (YTD)
SCNM Sterling Capital National Municipal Bond ETF	0.49%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%

Return for Risk

SCNM vs. IBMM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sterling Capital National Municipal Bond ETF (SCNM) and iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM). 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.

Sharpe Ratios by Period

	SCNM	IBMM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	—	—

Drawdowns

SCNM vs. IBMM - Drawdown Comparison

The maximum SCNM drawdown since its inception was -2.81%, which is greater than IBMM's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SCNM and IBMM.

Drawdown Indicators

	SCNM	IBMM	Difference
Max Drawdown Largest peak-to-trough decline	-2.81%	0.00%	-2.81%
Current Drawdown Current decline from peak	-0.46%	0.00%	-0.46%
Average Drawdown Average peak-to-trough decline	-0.83%	0.00%	-0.83%

Volatility

Volatility by Period

	SCNM	IBMM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.27%	0.00%	+3.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.27%	0.00%	+3.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.27%	0.00%	+3.27%

SCNM vs. IBMM - Expense Ratio Comparison

SCNM has a 0.35% expense ratio, which is higher than IBMM's 0.18% expense ratio.

Dividends

SCNM vs. IBMM - Dividend Comparison

SCNM's dividend yield for the trailing twelve months is around 1.50%, while IBMM has not paid dividends to shareholders.

Position	TTM	2025
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%	0.00%
SCNM Sterling Capital National Municipal Bond ETF	1.50%	0.23%

Frequently Asked Questions

Which ETF is better, SCNM or IBMM?

On fees, IBMM is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCNM or IBMM?

IBMM is cheaper with a 0.18% expense ratio, compared with 0.35% for SCNM.

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

SCNM has the higher dividend yield at 1.50%, compared with 0.00% for IBMM.

What is the main difference between SCNM and IBMM?

They also come from different issuers: Sterling Capital and iShares. Their fees differ too: 0.35% for SCNM and 0.18% for IBMM.