SCNM vs. MEAR
SCNM (Sterling Capital National Municipal Bond ETF) and MEAR (iShares Short Maturity Municipal Bond ETF) are both Municipal Bonds funds. Both are actively managed. Their 0.42 correlation means their historical movements had little consistent relationship. SCNM charges 0.35%/yr vs 0.25%/yr for MEAR.
Performance
SCNM vs. MEAR - Performance Comparison
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Returns By Period
In the year-to-date period, SCNM achieves a 0.25% return, which is significantly lower than MEAR's 1.20% return.
SCNM
- 1D
- -0.04%
- 1M
- -1.49%
- 6M
- -0.31%
- YTD
- 0.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MEAR
- 1D
- 0.00%
- 1M
- -0.08%
- 6M
- 0.78%
- YTD
- 1.20%
- 1Y
- 2.66%
- 3Y*
- 3.39%
- 5Y*
- 2.44%
- 10Y*
- 1.77%
- ALL TIME*
- 1.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.71M | $10.68M | $9.16M | |
| $482.32K | $687.38K | $905.96K |
SCNM vs. MEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SCNM Sterling Capital National Municipal Bond ETF | 0.25% | 0.09% |
MEAR iShares Short Maturity Municipal Bond ETF | 1.20% | 0.21% |
Correlation
The correlation between SCNM and MEAR is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | 0.42 |
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Return for Risk
SCNM vs. MEAR — Risk / Return Rank
SCNM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MEAR
SCNM vs. MEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sterling Capital National Municipal Bond ETF (SCNM) and iShares Short Maturity Municipal Bond ETF (MEAR). 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.
| SCNM | MEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.65 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.63 | — |
| Martin ratioReturn relative to average drawdown | — | 22.30 | — |
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Drawdowns
SCNM vs. MEAR - Drawdown Comparison
The maximum SCNM drawdown since its inception was -2.81%, roughly equal to the maximum MEAR drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for SCNM and MEAR.
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Drawdown Indicators
| SCNM | MEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.81% | -2.68% | -0.13% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.47% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.86% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.10% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -2.68% | — |
Current DrawdownCurrent decline from peak | -1.59% | -0.08% | -1.51% |
Average DrawdownAverage peak-to-trough decline | -0.78% | -0.19% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.12% | — |
Volatility
SCNM vs. MEAR - Volatility Comparison
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Volatility by Period
| SCNM | MEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.27% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.63% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.17% | 0.89% | +2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.17% | 0.99% | +2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.17% | 1.51% | +1.66% |
SCNM vs. MEAR - Expense Ratio Comparison
SCNM has a 0.35% expense ratio, which is higher than MEAR's 0.25% expense ratio.
Dividends
SCNM vs. MEAR - Dividend Comparison
SCNM's dividend yield for the trailing twelve months is around 1.79%, less than MEAR's 2.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEAR iShares Short Maturity Municipal Bond ETF | 2.60% | 2.95% | 3.44% | 3.30% | 0.88% | 0.30% | 0.90% | 1.57% | 1.36% | 1.01% | 0.81% | 0.53% |
SCNM Sterling Capital National Municipal Bond ETF | 1.79% | 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 MEAR have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MEAR is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MEAR is cheaper with a 0.25% expense ratio, compared with 0.35% for SCNM.
MEAR has the higher dividend yield at 2.60%, compared with 1.79% for SCNM.
They also come from different issuers: Sterling Capital and iShares. Their fees differ too: 0.35% for SCNM and 0.25% for MEAR.
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