SCNM vs. SCMC

Last updated Jun 3, 2026

SCNM (Sterling Capital National Municipal Bond ETF) and SCMC (Sterling Capital Multi-Strategy Income ETF) are both exchange-traded funds - SCNM is a Municipal Bonds fund actively managed by Sterling Capital, while SCMC is a Multisector Bonds fund actively managed by Sterling Capital. Both are actively managed. At a 0.34 correlation, their price movements are largely independent. SCNM charges 0.35%/yr vs 0.55%/yr for SCMC.

Performance

SCNM vs. SCMC - Performance Comparison

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

Returns By Period

In the year-to-date period, SCNM achieves a 1.26% return, which is significantly lower than SCMC's 1.96% return.

SCNM

• 1D: 0.18%
• 1M: 0.67%
• YTD: 1.26%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCMC

• 1D: -0.04%
• 1M: 0.34%
• YTD: 1.96%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCNM vs. SCMC - Yearly Performance Comparison

	2026 (YTD)	2025
SCNM Sterling Capital National Municipal Bond ETF	1.26%	0.01%
SCMC Sterling Capital Multi-Strategy Income ETF	1.96%	-0.13%

Correlation

The correlation between SCNM and SCMC is 0.34, 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	0.34

Return for Risk

SCNM vs. SCMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sterling Capital National Municipal Bond ETF (SCNM) and Sterling Capital Multi-Strategy Income ETF (SCMC). 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	SCMC	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	1.40	-0.56

Drawdowns

SCNM vs. SCMC - Drawdown Comparison

The maximum SCNM drawdown since its inception was -2.81%, which is greater than SCMC's maximum drawdown of -1.91%. Use the drawdown chart below to compare losses from any high point for SCNM and SCMC.

Drawdown Indicators

	SCNM	SCMC	Difference
Max Drawdown Largest peak-to-trough decline	-2.81%	-1.91%	-0.90%
Current Drawdown Current decline from peak	-0.58%	-0.04%	-0.54%
Average Drawdown Average peak-to-trough decline	-0.83%	-0.37%	-0.46%

Volatility

Volatility by Period

	SCNM	SCMC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.28%	2.84%	+0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.28%	2.84%	+0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.28%	2.84%	+0.44%

SCNM vs. SCMC - Expense Ratio Comparison

SCNM has a 0.35% expense ratio, which is lower than SCMC's 0.55% expense ratio.

Dividends

SCNM vs. SCMC - Dividend Comparison

SCNM's dividend yield for the trailing twelve months is around 1.50%, less than SCMC's 2.17% yield.

Position	TTM	2025
SCMC Sterling Capital Multi-Strategy Income ETF	2.17%	0.29%
SCNM Sterling Capital National Municipal Bond ETF	1.50%	0.23%

Frequently Asked Questions

Can I hold both SCNM and SCMC in my portfolio?

SCNM and SCMC have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SCNM or SCMC?

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, SCNM or SCMC?

SCNM is cheaper with a 0.35% expense ratio, compared with 0.55% for SCMC.

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

SCMC has the higher dividend yield at 2.17%, compared with 1.50% for SCNM.

What is the main difference between SCNM and SCMC?

SCNM is categorized as Municipal Bonds, while SCMC is Multisector Bonds. Their fees differ too: 0.35% for SCNM and 0.55% for SCMC.