SNTH vs. SCEP

Last updated Jun 6, 2026

SNTH (MRP SynthEquity ETF) and SCEP (Sterling Capital Hedged Equity Premium Income ETF) are both Equity Hedged funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. SNTH charges 0.95%/yr vs 0.65%/yr for SCEP.

Performance

SNTH vs. SCEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MRP SynthEquity ETF (SNTH) and Sterling Capital Hedged Equity Premium Income ETF (SCEP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNTH achieves a 7.95% return, which is significantly higher than SCEP's 2.08% return.

SNTH

• 1D: -2.55%
• 1M: 0.65%
• YTD: 7.95%
• 6M: 6.47%
• 1Y: 27.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCEP

• 1D: -1.88%
• 1M: -1.22%
• YTD: 2.08%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SNTH vs. SCEP - Yearly Performance Comparison

	2026 (YTD)	2025
SNTH MRP SynthEquity ETF	7.95%	-1.93%
SCEP Sterling Capital Hedged Equity Premium Income ETF	2.08%	-0.50%

Correlation

The correlation between SNTH and SCEP is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025	0.82

Return for Risk

SNTH vs. SCEP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SNTH

SNTH Risk / Return Rank: 66
SNTH Sharpe Ratio Rank: 71
SNTH Sortino Ratio Rank: 69
SNTH Omega Ratio Rank: 65
SNTH Calmar Ratio Rank: 65
SNTH Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SNTH vs. SCEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MRP SynthEquity ETF (SNTH) and Sterling Capital Hedged Equity Premium Income ETF (SCEP). 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.

	SNTH	SCEP	Difference
Sharpe ratio: Return per unit of total volatility	2.14	—	—
Sortino ratio: Return per unit of downside risk	2.92	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	3.02	—	—
Martin ratio: Return relative to average drawdown	10.45	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SNTH	SCEP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.70	0.33	+1.37

Drawdowns

SNTH vs. SCEP - Drawdown Comparison

The maximum SNTH drawdown since its inception was -9.79%, which is greater than SCEP's maximum drawdown of -7.25%. Use the drawdown chart below to compare losses from any high point for SNTH and SCEP.

Drawdown Indicators

	SNTH	SCEP	Difference
Max Drawdown Largest peak-to-trough decline	-9.79%	-7.25%	-2.54%
Max Drawdown (1Y) Largest decline over 1 year	-8.99%	—	—
Current Drawdown Current decline from peak	-2.80%	-1.93%	-0.87%
Average Drawdown Average peak-to-trough decline	-1.95%	-1.58%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	—	—

Volatility

Volatility by Period

	SNTH	SCEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.71%	10.17%	+2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.68%	10.17%	+5.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.68%	10.17%	+5.51%

SNTH vs. SCEP - Expense Ratio Comparison

SNTH has a 0.95% expense ratio, which is higher than SCEP's 0.65% expense ratio.

Dividends

SNTH vs. SCEP - Dividend Comparison

SNTH's dividend yield for the trailing twelve months is around 11.15%, more than SCEP's 3.30% yield.

Position	TTM	2025
SCEP Sterling Capital Hedged Equity Premium Income ETF	3.30%	0.38%
SNTH MRP SynthEquity ETF	11.15%	11.55%

Frequently Asked Questions

Can I hold both SNTH and SCEP in my portfolio?

SNTH and SCEP have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SNTH or SCEP?

On fees, SCEP is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SNTH or SCEP?

SCEP is cheaper with a 0.65% expense ratio, compared with 0.95% for SNTH.

Which ETF pays a higher dividend yield, SNTH or SCEP?

SNTH has the higher dividend yield at 11.15%, compared with 3.30% for SCEP.

What is the main difference between SNTH and SCEP?

They also come from different issuers: MRP and Sterling Capital. Their fees differ too: 0.95% for SNTH and 0.65% for SCEP.