SCSPX vs. BVATX
SCSPX (Sterling Capital Quality Income Fund) and BVATX (Sterling Capital Virginia Intermediate Tax Free Fund) are both mutual funds - SCSPX is a Intermediate Core Bond fund managed by Sterling Capital, while BVATX is a Municipal Bonds fund managed by Sterling Capital. Over the past 10 years, SCSPX returned 1.87%/yr vs 1.36%/yr for BVATX. A 0.55 correlation means they provide meaningful diversification when combined. Both charge a 0.58% expense ratio.
Performance
SCSPX vs. BVATX - Performance Comparison
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Returns By Period
In the year-to-date period, SCSPX achieves a 0.20% return, which is significantly lower than BVATX's 0.70% return. Over the past 10 years, SCSPX has outperformed BVATX with an annualized return of 1.87%, while BVATX has yielded a comparatively lower 1.36% annualized return.
SCSPX
- 1D
- -0.22%
- 1M
- 0.55%
- YTD
- 0.20%
- 6M
- 0.52%
- 1Y
- 4.54%
- 3Y*
- 4.35%
- 5Y*
- 0.88%
- 10Y*
- 1.87%
BVATX
- 1D
- -0.09%
- 1M
- 1.13%
- YTD
- 0.70%
- 6M
- 1.01%
- 1Y
- 4.27%
- 3Y*
- 2.81%
- 5Y*
- 0.68%
- 10Y*
- 1.36%
SCSPX vs. BVATX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCSPX Sterling Capital Quality Income Fund | 0.20% | 7.61% | 2.38% | 4.51% | -9.02% | -1.05% | 4.58% | 6.24% | 1.49% | 3.09% |
BVATX Sterling Capital Virginia Intermediate Tax Free Fund | 0.70% | 4.70% | 0.32% | 3.60% | -5.59% | -0.59% | 4.28% | 6.32% | 0.79% | 3.28% |
Correlation
The correlation between SCSPX and BVATX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.55 |
The correlation between SCSPX and BVATX has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.
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Return for Risk
SCSPX vs. BVATX — Risk / Return Rank
SCSPX
BVATX
SCSPX vs. BVATX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Quality Income Fund (SCSPX) and Sterling Capital Virginia Intermediate Tax Free Fund (BVATX). 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 | BVATX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.59 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.70 | -0.06 |
| Martin ratioReturn relative to average drawdown | 4.73 | 5.27 | -0.54 |
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Drawdowns
SCSPX vs. BVATX - Drawdown Comparison
The maximum SCSPX drawdown since its inception was -13.41%, which is greater than BVATX's maximum drawdown of -10.24%. Use the drawdown chart below to compare losses from any high point for SCSPX and BVATX.
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Drawdown Indicators
| SCSPX | BVATX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.41% | -10.24% | -3.17% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -2.57% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -5.08% | -4.25% | -0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -13.41% | -9.97% | -3.44% |
Max Drawdown (10Y)Largest decline over 10 years | -13.41% | -10.24% | -3.17% |
Current DrawdownCurrent decline from peak | -1.72% | -0.95% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -2.16% | -1.61% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.83% | +0.18% |
Volatility
SCSPX vs. BVATX - Volatility Comparison
Sterling Capital Quality Income Fund (SCSPX) has a higher volatility of 1.13% compared to Sterling Capital Virginia Intermediate Tax Free Fund (BVATX) at 0.57%. This indicates that SCSPX's price experiences larger fluctuations and is considered to be riskier than BVATX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCSPX | BVATX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 0.57% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 1.63% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 1.99% | +1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.97% | 2.81% | +2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.95% | 3.19% | +0.76% |
SCSPX vs. BVATX - Expense Ratio Comparison
Both SCSPX and BVATX have an expense ratio of 0.58%.
Dividends
SCSPX vs. BVATX - Dividend Comparison
SCSPX's dividend yield for the trailing twelve months is around 3.92%, more than BVATX's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BVATX Sterling Capital Virginia Intermediate Tax Free Fund | 2.54% | 3.36% | 2.67% | 1.89% | 1.81% | 1.65% | 2.03% | 2.27% | 2.24% | 2.20% | 3.06% | 2.71% |
SCSPX Sterling Capital Quality Income Fund | 3.92% | 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
SCSPX and BVATX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCSPX has higher volatility (1.13%) compared to BVATX (0.57%). In terms of maximum drawdown, SCSPX dropped -13.41% vs BVATX's -10.24%.
BVATX currently has the higher Sharpe Ratio (2.21 vs 1.32), 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.
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