SCNM vs. SCUB

Last updated Jul 17, 2026

SCNM (Sterling Capital National Municipal Bond ETF) and SCUB (Sterling Capital Ultra Short Bond ETF) are both exchange-traded funds - SCNM is a Municipal Bonds fund actively managed by Sterling Capital, while SCUB is a Actively Managed fund actively managed by Sterling Capital. Both are actively managed. At a 0.20 correlation, their price movements are largely independent. SCNM charges 0.35%/yr vs 0.30%/yr for SCUB.

Performance

SCNM vs. SCUB - 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 Ultra Short Bond ETF (SCUB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SCNM

• 1D: -0.16%
• 1M: -0.07%
• 6M: 1.02%
• YTD: 1.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCUB

• 1D: 0.00%
• 1M: 0.32%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCNM vs. SCUB - Yearly Performance Comparison

	2026 (YTD)
SCNM Sterling Capital National Municipal Bond ETF	2.20%
SCUB Sterling Capital Ultra Short Bond ETF	1.38%

Correlation

The correlation between SCNM and SCUB is 0.20, 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 Mar 30, 2026	0.20

Return for Risk

SCNM vs. SCUB - 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 Ultra Short Bond ETF (SCUB). 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.

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

Drawdowns

SCNM vs. SCUB - Drawdown Comparison

The maximum SCNM drawdown since its inception was -2.81%, which is greater than SCUB's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for SCNM and SCUB.

Drawdown Indicators

	SCNM	SCUB	Difference
Max Drawdown Largest peak-to-trough decline	-2.81%	-0.10%	-2.71%
Current Drawdown Current decline from peak	-0.62%	0.00%	-0.62%
Average Drawdown Average peak-to-trough decline	-0.74%	-0.01%	-0.73%

Volatility

Volatility by Period

	SCNM	SCUB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.15%	0.84%	+2.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.15%	0.84%	+2.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.15%	0.84%	+2.31%

SCNM vs. SCUB - Expense Ratio Comparison

SCNM has a 0.35% expense ratio, which is higher than SCUB's 0.30% expense ratio.

Dividends

SCNM vs. SCUB - Dividend Comparison

SCNM's dividend yield for the trailing twelve months is around 1.77%, more than SCUB's 1.33% yield.

Position	TTM	2025
SCNM Sterling Capital National Municipal Bond ETF	1.77%	0.23%
SCUB Sterling Capital Ultra Short Bond ETF	1.33%	0.00%

Frequently Asked Questions

Can I hold both SCNM and SCUB in my portfolio?

SCNM and SCUB have a correlation of 0.20, 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 SCUB?

On fees, SCUB is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCNM or SCUB?

SCUB is cheaper with a 0.30% expense ratio, compared with 0.35% for SCNM.

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

SCNM has the higher dividend yield at 1.77%, compared with 1.33% for SCUB.

What is the main difference between SCNM and SCUB?

SCNM is categorized as Municipal Bonds, while SCUB is Actively Managed. Their fees differ too: 0.35% for SCNM and 0.30% for SCUB.