SCSPX vs. BBNTX

Last updated Aug 1, 2026

SCSPX (Sterling Capital Quality Income Fund) and BBNTX (Sterling Capital North Carolina Intermediate Tax-Free Fund) are both mutual funds - SCSPX is a Intermediate Core Bond fund managed by Sterling Capital, while BBNTX is a Municipal Bonds fund managed by Sterling Capital. Over the past 10 years, SCSPX returned 1.75%/yr vs 1.25%/yr for BBNTX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. SCSPX charges 0.58%/yr vs 0.57%/yr for BBNTX.

Performance

SCSPX vs. BBNTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sterling Capital Quality Income Fund (SCSPX) and Sterling Capital North Carolina Intermediate Tax-Free Fund (BBNTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCSPX achieves a -0.25% return, which is significantly higher than BBNTX's -0.75% return. Over the past 10 years, SCSPX has outperformed BBNTX with an annualized return of 1.75%, while BBNTX has yielded a comparatively lower 1.25% annualized return.

SCSPX

• 1D: 0.00%
• 1M: -0.99%
• 6M: -0.68%
• YTD: -0.25%
• 1Y: 2.60%
• 3Y*: 4.24%
• 5Y*: 0.62%
• 10Y*: 1.75%
• ALL TIME*: 2.13%

BBNTX

• 1D: -0.20%
• 1M: -1.77%
• 6M: -1.55%
• YTD: -0.75%
• 1Y: 2.39%
• 3Y*: 2.47%
• 5Y*: 0.34%
• 10Y*: 1.25%
• ALL TIME*: 3.36%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BBNTX Sterling Capital North Carolina Intermediate Tax-Free Fund	$0.00	$0.00	$0.00
SCSPX Sterling Capital Quality Income Fund	$0.00	$0.00	$0.00

SCSPX vs. BBNTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCSPX Sterling Capital Quality Income Fund	-0.25%	7.61%	2.38%	4.51%	-9.02%	-1.05%	4.58%	6.24%	1.49%	3.09%
BBNTX Sterling Capital North Carolina Intermediate Tax-Free Fund	-0.75%	5.19%	0.45%	3.64%	-5.86%	-0.23%	4.26%	6.09%	0.73%	3.28%

Correlation

The correlation between SCSPX and BBNTX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (5Y) Shows whether the relationship held over a longer period.	0.56
Correlation (10Y) Provides a long-term view across more market conditions.	0.54
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012	0.54

The correlation between SCSPX and BBNTX has been stable across timeframes, ranging from 0.54 to 0.61 - a consistent structural relationship.

Return for Risk

SCSPX vs. BBNTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SCSPX

SCSPX Risk / Return Rank: 30
SCSPX Sharpe Ratio Rank: 32
SCSPX Sortino Ratio Rank: 33
SCSPX Omega Ratio Rank: 31
SCSPX Calmar Ratio Rank: 29
SCSPX Martin Ratio Rank: 24

BBNTX

BBNTX Risk / Return Rank: 42
BBNTX Sharpe Ratio Rank: 50
BBNTX Sortino Ratio Rank: 47
BBNTX Omega Ratio Rank: 72
BBNTX Calmar Ratio Rank: 23
BBNTX Martin Ratio Rank: 20

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SCSPX vs. BBNTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Quality Income Fund (SCSPX) and Sterling Capital North Carolina Intermediate Tax-Free Fund (BBNTX). 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.

	SCSPX	BBNTX	Difference
Sharpe ratio: Return per unit of total volatility	1.04	1.35	-0.31
Sortino ratio: Return per unit of downside risk	1.56	1.89	-0.34
Omega ratio: Gain probability vs. loss probability	1.19	1.32	-0.13
Calmar ratio: Return relative to maximum drawdown	1.29	1.09	+0.20
Martin ratio: Return relative to average drawdown	3.30	2.87	+0.44

SCSPX vs. BBNTX - Sharpe Ratio Comparison

The current SCSPX Sharpe Ratio is 1.04, which is comparable to the BBNTX Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of SCSPX and BBNTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SCSPX vs. BBNTX - Drawdown Comparison

The maximum SCSPX drawdown since its inception was -13.41%, which is greater than BBNTX's maximum drawdown of -10.25%. Use the drawdown chart below to compare losses from any high point for SCSPX and BBNTX.

Drawdown Indicators

	SCSPX	BBNTX	Difference
Max Drawdown Largest peak-to-trough decline	-13.41%	-10.25%	-3.16%
Max Drawdown (1Y) Largest decline over 1 year	-2.91%	-2.81%	-0.10%
Max Drawdown (3Y) Largest decline over 3 years	-4.36%	-3.39%	-0.97%
Max Drawdown (5Y) Largest decline over 5 years	-13.32%	-10.16%	-3.16%
Max Drawdown (10Y) Largest decline over 10 years	-13.41%	-10.25%	-3.16%
Current Drawdown Current decline from peak	-2.16%	-2.51%	+0.35%
Average Drawdown Average peak-to-trough decline	-2.16%	-1.46%	-0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.13%	1.06%	+0.07%

Volatility

SCSPX vs. BBNTX - Volatility Comparison

Sterling Capital Quality Income Fund (SCSPX) has a higher volatility of 1.02% compared to Sterling Capital North Carolina Intermediate Tax-Free Fund (BBNTX) at 0.77%. This indicates that SCSPX's price experiences larger fluctuations and is considered to be riskier than BBNTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCSPX	BBNTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.02%	0.77%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	2.86%	1.92%	+0.94%
Volatility (1Y) Calculated over the trailing 1-year period	3.61%	2.26%	+1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.99%	2.86%	+2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.96%	3.22%	+0.74%

SCSPX vs. BBNTX - Expense Ratio Comparison

SCSPX has a 0.58% expense ratio, which is higher than BBNTX's 0.57% expense ratio.

Dividends

SCSPX vs. BBNTX - Dividend Comparison

SCSPX's dividend yield for the trailing twelve months is around 3.63%, more than BBNTX's 2.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBNTX Sterling Capital North Carolina Intermediate Tax-Free Fund	2.50%	3.52%	2.82%	2.07%	1.94%	1.59%	1.62%	2.43%	2.51%	2.39%	2.73%	2.98%
SCSPX Sterling Capital Quality Income Fund	3.63%	3.85%	3.60%	2.57%	2.37%	2.05%	2.50%	2.99%	3.19%	2.74%	2.66%	2.71%

Frequently Asked Questions

Can I hold both SCSPX and BBNTX in my portfolio?

SCSPX and BBNTX 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.

Which is riskier, SCSPX or BBNTX?

SCSPX has higher volatility (1.02%) compared to BBNTX (0.77%). In terms of maximum drawdown, SCSPX dropped -13.41% vs BBNTX's -10.25%.

Which has better risk-adjusted returns?

BBNTX currently has the higher Sharpe Ratio (1.35 vs 1.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.