SCNMvsMUNIETF Comparison
VS
Sterling Capital National Municipal Bond ETF (SCNM) and PIMCO Intermediate Municipal Bond Active ETF (MUNI) belong to the same industry segment: Municipal Bonds. SCNM's top 2 sector exposures are Municipal and Non-Corporate. In contrast, MUNI's top sector exposures are Municipal and Sovereign. Both SCNM and MUNI have the same Total Expense Ratio (TER) of 0.35%. SCNM is down -2.36% year-to-date (YTD) with +$240M in YTD flows. MUNI performs better with -1.74% YTD performance, and +$1.06B in YTD flows. Run a side-by-side ETF comparison of SCNM and MUNI 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 MUNI 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 MUNI | -0.79%-0.25% | -3.74%-2.84% | -2.36%-1.74% | n/a-1.19% | n/a+11.22% | n/a+3.35% |
| Flows | SCNM MUNI | +$3M+$389M | +$16M+$492M | +$240M+$1.06B | -+$1.29B | -+$2.49B | -+$2.92B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SCNM MUNI | +5.48%+4.43% | n/a+2.75% | n/a+3.19% | n/a+3.12% |
| Max drawdown | SCNM MUNI | -6.09%-4.95% | n/a-5.76% | n/a-5.76% | n/a-10.90% |
| Max drawdown duration | SCNM MUNI | 92d92d | n/a229d | n/a229d | n/a975d |
Trading data
SCNM | MUNI | |
Last sale 10/16/2026 at 1:30 PM | $23.85 | $50.41 |
| Previous close 10/15/2026 | $23.82 | $50.38 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
SCNM | MUNI | |
|---|---|---|
| Last price | $23.85 | $50.41 |
| 1D performance | +0.15% | +0.06% |
| AuM | $237.60 M | $3.47 B |
| E/R | 0.35% | 0.35% |
Characteristics
SCNM | MUNI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Sterling Capital Active ETF | PIMCO |
| Benchmark | - | - |
| N° of holdings | 43 | 143 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 11, 2025 | November 30, 2009 |
| ESG | No | No |
Exposure
Countries
SCNM
USA
45.91%
Other
54.09%
MUNI
USA
46.28%
Other
53.72%
Sectors
SCNM
Municipal
43.57%
Other
56.43%
MUNI
Municipal
42.7%
Other
57.3%
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Diversification
SCNM
Total weight of top 15 holdings out of 15
25.62%
MUNI
Total weight of top 15 holdings out of 15
15.11%
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%
MUNI
USA, Notes 4.25% 31jul2028, USD (BE-2028)
2.16%
US19648FJ880
1.18%
Black Belt Energy Gas District, 5% 1jan2034, USD (2026)
1.12%
US407287NG24
1.05%
Texas Municipal Gas Acquisition and Supply Corp., 5% 1apr2036, USD (2026)
1.00%
Fort Bend Independent School District, FRN 1aug2055, USD (2025B)
0.97%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
0.97%
US20775DL830
0.96%
US31350ADW53
0.85%
New York Transitional Finance Authority, FRN 1nov2042, USD (2014)
0.84%
New York Municipal Water Finance Authority, FRN 15jun2048, USD (2014)
0.84%
US67756AH960
0.84%
Aquarion Water Authority, 5.25% 1feb2033, USD (2026)
0.80%
US594654K382
0.79%
Kentucky Public Energy Authority, 5% 1may2036, USD (2025)
0.75%
Frequently asked questions about SCNM and MUNI
How have the SCNM and MUNI ETFs performed in 2026?
As of October 15, 2026, SCNM is down -2.36% year-to-date (YTD), while MUNI has lost -1.74%. That puts MUNI better performer ahead so far this year.
Which ETF is attracting more investor money: SCNM or MUNI?
Year-to-date, the SCNM ETF saw +$240M in flows, compared to +$1.06B for MUNI.
Which ETF is bigger: SCNM or MUNI?
As of October 15, 2026, SCNM holds $237.60 M in assets under management (AUM), while MUNI manages $3.47 B.
What sectors do the SCNM and MUNI ETFs invest in?
SCNM leans toward sectors like Municipal. Meanwhile, MUNI focuses on Municipal.
What are the top holdings of the SCNM ETF and MUNI ETF?
SCNM top holdings include Federated Hermes Treasury Obligations Fund, New Mexico Municipal Energy Acquisition Authority, FRN 1jun2054, USD (2025) and US56035DJJ28. MUNI holds in its top three: USA, Notes 4.25% 31jul2028, USD (BE-2028), US19648FJ880 and Black Belt Energy Gas District, 5% 1jan2034, USD (2026).
Which ETF is more diversified: SCNM or MUNI?
SCNM holds 98 securities with 25.62% of its assets in the top 15. MUNI has 351 securities and a top 15 weight of 15.11%.
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