SCNMvsGNMAETF Comparison
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Sterling Capital National Municipal Bond ETF (SCNM) belongs to the Municipal Bonds segment. iShares GNMA Bond ETF (GNMA) is part of the MBS & ABS segment. SCNM's top 2 sector exposures are Municipal and Non-Corporate. In contrast, GNMA's top sector exposures are Industrials and Non-Corporate. SCNM is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.11% for GNMA. SCNM is down -2.36% year-to-date (YTD) with +$240M in YTD flows. GNMA performs better with -1.65% YTD performance, and +$36M in YTD flows. Run a side-by-side ETF comparison of SCNM and GNMA 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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SCNM vs GNMA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SCNM GNMA | -0.79%-0.41% | -3.74%-2.53% | -2.36%-1.65% | n/a-1.41% | n/a+15.95% | n/a+0.31% |
| Flows | SCNM GNMA | +$3M-$15M | +$16M+$7M | +$240M+$36M | -+$69M | -+$124M | --$12M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SCNM GNMA | +5.48%+5.77% | n/a+4.49% | n/a+5.59% | n/a+6.56% |
| Max drawdown | SCNM GNMA | -6.09%-4.45% | n/a-5.36% | n/a-5.36% | n/a-15.48% |
| Max drawdown duration | SCNM GNMA | 92d52d | n/a229d | n/a229d | n/a1397d |
Trading data
SCNM | GNMA | |
Last sale 10/16/2026 at 1:30 PM | $23.85 | $42.27 |
| Previous close 10/15/2026 | $23.82 | $42.26 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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SCNM
is actively managed and doesn’t replicate an indexSCNM | GNMA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
SCNM | GNMA | |
|---|---|---|
| Last price | $23.85 | $42.27 |
| 1D performance | +0.15% | +0.02% |
| AuM | $237.60 M | $416.20 M |
| E/R | 0.35% | 0.11% |
Characteristics
SCNM | GNMA | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Sterling Capital Active ETF | iShares |
| Benchmark | - | Bloomberg U.S. GNMA Bond Index |
| N° of holdings | 43 | 109 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 11, 2025 | February 14, 2012 |
| ESG | No | No |
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Exposure
Countries
SCNM
USA
45.91%
Other
54.09%
GNMA
USA
48.8%
Other
51.2%
Sectors
SCNM
Municipal
43.57%
Other
56.43%
GNMA
Industrials
39.92%
Non-Corporate
8.88%
Other
51.2%
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Diversification
SCNM
Total weight of top 15 holdings out of 15
25.62%
GNMA
Total weight of top 15 holdings out of 15
33.91%
Top 15 holdings
Data as of August 31, 2026
SCNM
Federated Hermes Treasury Obligations Fund
2.34%
New Mexico Municipal Energy Acquisition Authority, FRN 1jun2054, USD (2025)
2.05%
US56035DJJ28
1.98%
California Community Choice Financing Authority, 5% 1jan2056, USD (2024H)
1.88%
US763262DL32
1.85%
Black Belt Energy Gas District, 5% 1jul2033, USD (2026)
1.71%
US57582TFG22
1.69%
US292723BN27
1.62%
Southern California Public Power Authority, 5% 1apr2055, USD (2024A)
1.61%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024F)
1.52%
Georgia Housing and Finance Authority, 4.7% 1dec2055, USD (2025)
1.50%
New York Transportation Development Corp., 5% 1oct2035, USD (2020)
1.50%
US837032CT69
1.47%
Chandler Industrial Development Authority, 5% 1sep2052, USD (2022-2)
1.46%
US57584YJU47
1.45%
GNMA
BlackRock Cash Funds - Treasury
8.88%
G2 MA7192, 2% 20feb2051, USD (ABS)
2.59%
US3618N5XQ77
2.51%
G2 MA9360, 4.5% 20dec2053, USD (ABS)
2.42%
US21H0526945
1.97%
US36179WTX64
1.90%
G2 MA8878, 5% 20may2053, USD (ABS)
1.67%
G2 MB0025, 5% 20nov2054, USD (ABS)
1.64%
US36179WJR07
1.62%
G2 MA7880, 2% 20feb2052, USD (ABS)
1.59%
G2 MA8801, 5.5% 20apr2053, USD (ABS)
1.59%
G2 MA6864, 2% 20sep2050, USD (ABS)
1.44%
US36179WLP13
1.40%
US36179WFG87
1.38%
US3617NWEY42
1.32%
Frequently asked questions about SCNM and GNMA
How have the SCNM and GNMA ETFs performed in 2026?
As of October 15, 2026, SCNM is down -2.36% year-to-date (YTD), while GNMA has lost -1.65%. That puts GNMA better performer ahead so far this year.
Which ETF is attracting more investor money: SCNM or GNMA?
Year-to-date, the SCNM ETF saw +$240M in flows, compared to +$36M for GNMA.
Which ETF is bigger: SCNM or GNMA?
As of October 15, 2026, SCNM holds $237.60 M in assets under management (AUM), while GNMA manages $416.20 M.
What sectors do the SCNM and GNMA ETFs invest in?
SCNM leans toward sectors like Municipal. Meanwhile, GNMA focuses on Industrials and Non-Corporate.
What are the top holdings of the SCNM ETF and GNMA ETF?
SCNM top holdings include Federated Hermes Treasury Obligations Fund, New Mexico Municipal Energy Acquisition Authority, FRN 1jun2054, USD (2025) and US56035DJJ28. GNMA holds in its top three: BlackRock Cash Funds - Treasury, G2 MA7192, 2% 20feb2051, USD (ABS) and US3618N5XQ77.
Which ETF is more diversified: SCNM or GNMA?
SCNM holds 98 securities with 25.62% of its assets in the top 15. GNMA has 355 securities and a top 15 weight of 33.91%.
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