SPSCX vs. BOPIX

Last updated Jun 4, 2026

SPSCX (Sterling Capital Behavioral Small Cap Value Equity Fund) and BOPIX (Sterling Capital Special Opportunities Fund) are both mutual funds - SPSCX is a Small Cap Value Equities fund managed by Sterling Capital, while BOPIX is a Large Cap Blend Equities fund managed by Sterling Capital. Over the past 10 years, SPSCX returned 10.34%/yr vs 13.50%/yr for BOPIX. Their correlation of 0.80 suggests significant overlap in exposure. SPSCX charges 0.81%/yr vs 0.87%/yr for BOPIX.

Performance

SPSCX vs. BOPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sterling Capital Behavioral Small Cap Value Equity Fund (SPSCX) and Sterling Capital Special Opportunities Fund (BOPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPSCX achieves a 16.62% return, which is significantly higher than BOPIX's 12.93% return. Over the past 10 years, SPSCX has underperformed BOPIX with an annualized return of 10.34%, while BOPIX has yielded a comparatively higher 13.50% annualized return.

SPSCX

• 1D: 1.21%
• 1M: 2.78%
• YTD: 16.62%
• 6M: 16.26%
• 1Y: 33.10%
• 3Y*: 18.80%
• 5Y*: 9.02%
• 10Y*: 10.34%

BOPIX

• 1D: 1.05%
• 1M: 8.46%
• YTD: 12.93%
• 6M: 12.50%
• 1Y: 31.69%
• 3Y*: 20.79%
• 5Y*: 11.42%
• 10Y*: 13.50%

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

SPSCX vs. BOPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPSCX Sterling Capital Behavioral Small Cap Value Equity Fund	16.62%	8.64%	10.10%	19.36%	-10.99%	43.51%	-5.80%	21.95%	-17.24%	8.89%
BOPIX Sterling Capital Special Opportunities Fund	12.93%	13.38%	21.00%	25.16%	-20.04%	27.75%	13.46%	35.34%	-4.54%	19.63%

Correlation

The correlation between SPSCX and BOPIX is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jun 2, 2003	0.80

The correlation between SPSCX and BOPIX shifts across timeframes, from 0.61 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SPSCX vs. BOPIX — Risk / Return Rank

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

SPSCX

SPSCX Risk / Return Rank: 65
SPSCX Sharpe Ratio Rank: 56
SPSCX Sortino Ratio Rank: 57
SPSCX Omega Ratio Rank: 50
SPSCX Calmar Ratio Rank: 87
SPSCX Martin Ratio Rank: 72

BOPIX

BOPIX Risk / Return Rank: 46
BOPIX Sharpe Ratio Rank: 60
BOPIX Sortino Ratio Rank: 53
BOPIX Omega Ratio Rank: 50
BOPIX Calmar Ratio Rank: 34
BOPIX Martin Ratio Rank: 34

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.

SPSCX vs. BOPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Behavioral Small Cap Value Equity Fund (SPSCX) and Sterling Capital Special Opportunities Fund (BOPIX). 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.

	SPSCX	BOPIX	Difference
Sharpe ratio Return per unit of total volatility	2.23	2.27	-0.04
Sortino ratio Return per unit of downside risk	3.20	3.07	+0.12
Omega ratio Gain probability vs. loss probability	1.39	1.39	0.00
Calmar ratio Return relative to maximum drawdown	4.23	2.20	+2.03
Martin ratio Return relative to average drawdown	13.75	7.66	+6.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPSCX vs. BOPIX - Sharpe Ratio Comparison

The current SPSCX Sharpe Ratio is 2.23, which is comparable to the BOPIX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of SPSCX and BOPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPSCX	BOPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	2.27	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.62	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.70	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.63	-0.35

Drawdowns

SPSCX vs. BOPIX - Drawdown Comparison

The maximum SPSCX drawdown since its inception was -74.51%, which is greater than BOPIX's maximum drawdown of -51.68%. Use the drawdown chart below to compare losses from any high point for SPSCX and BOPIX.

Drawdown Indicators

	SPSCX	BOPIX	Difference
Max Drawdown Largest peak-to-trough decline	-74.51%	-51.68%	-22.83%
Max Drawdown (1Y) Largest decline over 1 year	-8.27%	-14.94%	+6.67%
Max Drawdown (3Y) Largest decline over 3 years	-25.07%	-21.69%	-3.38%
Max Drawdown (5Y) Largest decline over 5 years	-25.07%	-25.02%	-0.05%
Max Drawdown (10Y) Largest decline over 10 years	-51.12%	-38.76%	-12.36%
Current Drawdown Current decline from peak	-0.09%	0.00%	-0.09%
Average Drawdown Average peak-to-trough decline	-14.89%	-6.08%	-8.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	4.28%	-1.74%

Volatility

SPSCX vs. BOPIX - Volatility Comparison

Sterling Capital Behavioral Small Cap Value Equity Fund (SPSCX) has a higher volatility of 4.44% compared to Sterling Capital Special Opportunities Fund (BOPIX) at 3.44%. This indicates that SPSCX's price experiences larger fluctuations and is considered to be riskier than BOPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPSCX	BOPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.44%	3.44%	+1.00%
Volatility (6M) Calculated over the trailing 6-month period	10.84%	11.34%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	15.69%	14.45%	+1.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.47%	18.59%	+1.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.20%	19.34%	+3.86%

SPSCX vs. BOPIX - Expense Ratio Comparison

SPSCX has a 0.81% expense ratio, which is lower than BOPIX's 0.87% expense ratio.

Dividends

SPSCX vs. BOPIX - Dividend Comparison

SPSCX's dividend yield for the trailing twelve months is around 9.22%, less than BOPIX's 16.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BOPIX Sterling Capital Special Opportunities Fund	16.71%	18.87%	16.95%	17.90%	7.84%	12.03%	1.24%	10.09%	9.17%	7.89%	1.88%	15.18%
SPSCX Sterling Capital Behavioral Small Cap Value Equity Fund	9.22%	10.76%	9.96%	2.03%	9.70%	2.34%	0.91%	1.60%	16.59%	4.44%	1.25%	1.55%

Frequently Asked Questions

Can I hold both SPSCX and BOPIX in my portfolio?

SPSCX and BOPIX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPSCX or BOPIX?

SPSCX has higher volatility (4.44%) compared to BOPIX (3.44%). In terms of maximum drawdown, SPSCX dropped -74.51% vs BOPIX's -51.68%.

Which has better risk-adjusted returns?

BOPIX currently has the higher Sharpe Ratio (2.27 vs 2.23), 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.