GNMAvsSCNMETF Comparison
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iShares GNMA Bond ETF (GNMA) belongs to the MBS & ABS segment. Sterling Capital National Municipal Bond ETF (SCNM) is part of the Municipal Bonds segment. GNMA's top 2 sector exposures are Industrials and Non-Corporate. In contrast, SCNM's top sector exposures are Municipal and Non-Corporate. GNMA is less expensive with a Total Expense Ratio (TER) of 0.11%, versus 0.35% for SCNM. GNMA is up 0.43% year-to-date (YTD) with +$42M in YTD flows. SCNM performs worse with 0.21% YTD performance, and +$235M in YTD flows. Run a side-by-side ETF comparison of GNMA and SCNM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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GNMA vs SCNM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GNMA SCNM | +0.49%-0.00% | -0.60%-0.82% | +0.43%+0.21% | +3.12%n/a | +13.77%n/a | +1.97%n/a |
| Flows | GNMA SCNM | +$13M+$9M | +$13M+$40M | +$42M+$235M | +$71M- | +$130M- | -$6M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GNMA SCNM | +4.53%+2.29% | +4.03%n/a | +5.69%n/a | +6.47%n/a |
| Max drawdown | GNMA SCNM | -1.84%-1.76% | -2.69%n/a | -5.77%n/a | -15.75%n/a |
| Max drawdown duration | GNMA SCNM | 63d56d | 183dn/a | 89dn/a | 1452dn/a |
Trading data
GNMA | SCNM | |
Last sale 8/31/2026 at 1:30 PM | $43.55 | $24.63 |
| Previous close 08/31/2026 | $43.60 | $24.66 |
| Consolidated volume 08/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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SCNM
is actively managed and doesn’t replicate an indexGNMA | SCNM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 8/31/2026 at 1:30 PM
Live
Closed
GNMA | SCNM | |
|---|---|---|
| Last price | $43.55 | $24.63 |
| 1D performance | -0.11% | -0.12% |
| AuM | $434.77 M | $240.49 M |
| E/R | 0.11% | 0.35% |
Characteristics
GNMA | SCNM | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | Sterling Capital Active ETF |
| Benchmark | Bloomberg U.S. GNMA Bond Index | - |
| N° of holdings | 105 | 43 |
| Asset class | Bonds | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 14, 2012 | December 11, 2025 |
| ESG | No | No |
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Exposure
Countries
GNMA
USA
48.57%
Other
51.43%
SCNM
USA
48.98%
Other
51.02%
Sectors
GNMA
Industrials
38.88%
Non-Corporate
9.69%
Other
51.43%
SCNM
Municipal
45.55%
Other
54.45%
Diversification
GNMA
Total weight of top 15 holdings out of 15
35.18%
SCNM
Total weight of top 15 holdings out of 15
27.02%
Top 15 holdings
Data as of July 31, 2026
GNMA
BlackRock Cash Funds - Treasury
9.69%
G2 MA7192, 2% 20feb2051, USD (ABS)
2.75%
US3618N5XQ77
2.68%
US21H0426872
2.19%
US36179WTX64
2.02%
G2 MA8878, 5% 20may2053, USD (ABS)
1.77%
G2 MB0025, 5% 20nov2054, USD (ABS)
1.73%
US36179WJR07
1.72%
G2 MA8801, 5.5% 20apr2053, USD (ABS)
1.69%
G2 MA7880, 2% 20feb2052, USD (ABS)
1.69%
G2 MA6864, 2% 20sep2050, USD (ABS)
1.52%
US36179WLP13
1.49%
US36179WFG87
1.47%
US3617NWEY42
1.39%
US36179WVT25
1.36%
SCNM
Federated Hermes Treasury Obligations Fund
3.43%
New Mexico Municipal Energy Acquisition Authority, FRN 1jun2054, USD (2025)
2.15%
US56035DJJ28
2.06%
California Community Choice Financing Authority, 5% 1jan2056, USD (2024H)
1.94%
Black Belt Energy Gas District, 5% 1jul2033, USD (2026)
1.78%
US292723BN27
1.71%
Southern California Public Power Authority, 5% 1apr2055, USD (2024A)
1.67%
Georgia Housing and Finance Authority, 4.7% 1dec2055, USD (2025)
1.57%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024F)
1.57%
New York Transportation Development Corp., 5% 1oct2035, USD (2020)
1.56%
US837032CT69
1.54%
US57584YJU47
1.52%
Chandler Industrial Development Authority, 5% 1sep2052, USD (2022-2)
1.52%
Metropolitan Washington Airports Authority, 5% 1oct2050, USD (2025A)
1.51%
US57584XJZ50
1.50%
Frequently asked questions about GNMA and SCNM
How have the GNMA and SCNM ETFs performed in 2026?
As of August 31, 2026, GNMA is up 0.43% year-to-date (YTD), while SCNM has returned 0.21%. That puts GNMA better performer ahead so far this year.
Which ETF is attracting more investor money: GNMA or SCNM?
Year-to-date, the GNMA ETF saw +$42M in flows, compared to +$235M for SCNM.
Which ETF is bigger: GNMA or SCNM?
As of August 31, 2026, GNMA holds $434.77 M in assets under management (AUM), while SCNM manages $240.49 M.
What sectors do the GNMA and SCNM ETFs invest in?
GNMA leans toward sectors like Industrials and Non-Corporate. Meanwhile, SCNM focuses on Municipal.
What are the top holdings of the GNMA ETF and SCNM ETF?
GNMA top holdings include BlackRock Cash Funds - Treasury, G2 MA7192, 2% 20feb2051, USD (ABS) and US3618N5XQ77. SCNM holds in its top three: Federated Hermes Treasury Obligations Fund, New Mexico Municipal Energy Acquisition Authority, FRN 1jun2054, USD (2025) and US56035DJJ28.
Which ETF is more diversified: GNMA or SCNM?
GNMA holds 348 securities with 35.18% of its assets in the top 15. SCNM has 92 securities and a top 15 weight of 27.02%.
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