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FCEF vs SCIO

First Trust Income Opportunity ETF vs First Trust Structured Credit Income Opportunities ETF

FCEF

First Trust Income Opportunity ETF

First Trust

Annual cost

3.69%

Fund size

$75M

SCIO

First Trust Structured Credit Income Opportunities ETF

First Trust

Annual cost

0.70%

Fund size

$357M

Key differences

  • SCIO costs 2.99% less per year.
  • SCIO is significantly larger than FCEF — larger funds tend to be more liquid and less likely to close.
  • FCEF is classified as mixed asset, while SCIO is alternative — different risk/return profiles.
  • FCEF follows a active selection strategy; SCIO uses multi strategy.
  • FCEF has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FCEFSCIO
Annual cost (TER)3.69%0.70%
Fund size (AUM)$75M$357M
Since20162024
Dividend yield6.24%6.09%
Asset classmixed assetalternative
Regionnorth america
Strategyactive selectionmulti strategy
CAGR 1Y+18.7%+7.7%
CAGR 3Y+16.1%N/A
CAGR 5Y+6.5%N/A
Sharpe 3Y1.19N/A
Volatility 1Y7.84%3.83%
Max drawdown-44.81%-1.72%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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