SCNMvsSUBETF Comparison
VS
Sterling Capital National Municipal Bond ETF (SCNM) and iShares Short-Term National Muni Bond ETF (SUB) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 2 sector exposures: Municipal and Non-Corporate. SCNM is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.07% for SUB. SCNM is down -2.36% year-to-date (YTD) with +$240M in YTD flows. SUB performs better with 0.64% YTD performance, and +$2.50B in YTD flows. Run a side-by-side ETF comparison of SCNM and SUB 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 SUB 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 SUB | -0.79%+0.09% | -3.74%-0.38% | -2.36%+0.64% | n/a+1.13% | n/a+9.28% | n/a+7.37% |
| Flows | SCNM SUB | +$3M+$1.05B | +$16M+$1.51B | +$240M+$2.50B | -+$2.84B | -+$3.82B | -+$6.63B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SCNM SUB | +5.48%+1.90% | n/a+1.15% | n/a+1.17% | n/a+1.22% |
| Max drawdown | SCNM SUB | -6.09%-1.94% | n/a-1.94% | n/a-1.94% | n/a-3.94% |
| Max drawdown duration | SCNM SUB | 92d52d | n/a52d | n/a52d | n/a771d |
Trading data
SCNM | SUB | |
Last sale 10/19/2026 at 1:30 PM | $23.81 | $105.28 |
| Previous close 10/16/2026 | $23.85 | $105.28 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 20, 2026
1-year trailing difference
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SCNM
is actively managed and doesn’t replicate an indexSCNM | SUB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
SCNM | SUB | |
|---|---|---|
| Last price | $23.81 | $105.28 |
| 1D performance | -0.15% | +0.00% |
| AuM | $237.60 M | $12.74 B |
| E/R | 0.35% | 0.07% |
Characteristics
SCNM | SUB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Sterling Capital Active ETF | iShares |
| Benchmark | - | ICE Short Maturity AMT-Free US National Municipal Index |
| N° of holdings | 43 | 1169 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 11, 2025 | November 5, 2008 |
| ESG | No | No |
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Exposure
Countries
SCNM
USA
45.91%
Other
54.09%
SUB
USA
46.89%
Other
53.11%
Sectors
SCNM
Municipal
43.57%
Other
56.43%
SUB
Municipal
46.88%
Other
53.12%
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Diversification
SCNM
Total weight of top 15 holdings out of 15
25.62%
SUB
Total weight of top 15 holdings out of 15
3.97%
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%
SUB
US13063EUS35
0.44%
New Jersey Economic Development Authority, 5% 1mar2028, USD (2023)
0.36%
US64972JWP91
0.33%
New York Municipal Water Finance Authority, FRN 15jun2053, USD (2023)
0.27%
US13063EDB92
0.26%
US89602RPH20
0.25%
Empire State Development Corp., 5% 15sep2028, USD (2022A)
0.25%
US91412HWB58
0.24%
US646140JM63
0.24%
California, 5% 1nov2027, USD
0.23%
California, 5% 1apr2029, USD
0.23%
US812643H643
0.23%
US373385QU02
0.22%
City of New York, FRN 1feb2056, USD (2026)
0.22%
US207758Y563
0.20%
Frequently asked questions about SCNM and SUB
How have the SCNM and SUB ETFs performed in 2026?
As of October 15, 2026, SCNM is down -2.36% year-to-date (YTD), while SUB has returned 0.64%. That puts SUB better performer ahead so far this year.
Which ETF is attracting more investor money: SCNM or SUB?
Year-to-date, the SCNM ETF saw +$240M in flows, compared to +$2.50B for SUB.
Which ETF is bigger: SCNM or SUB?
As of October 15, 2026, SCNM holds $237.60 M in assets under management (AUM), while SUB manages $12.74 B.
What sectors do the SCNM and SUB ETFs invest in?
SCNM leans toward sectors like Municipal. Meanwhile, SUB focuses on Municipal.
What are the top holdings of the SCNM ETF and SUB ETF?
SCNM top holdings include Federated Hermes Treasury Obligations Fund, New Mexico Municipal Energy Acquisition Authority, FRN 1jun2054, USD (2025) and US56035DJJ28. SUB holds in its top three: US13063EUS35, New Jersey Economic Development Authority, 5% 1mar2028, USD (2023) and US64972JWP91.
Which ETF is more diversified: SCNM or SUB?
SCNM holds 98 securities with 25.62% of its assets in the top 15. SUB has 2884 securities and a top 15 weight of 3.97%.
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Latest news about SCNM & SUB
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