Skip to content
Beacon
Screener

SCIO vs FCEF

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

SCIO

First Trust Structured Credit Income Opportunities ETF

First Trust

Annual cost

0.70%

Fund size

$357M

FCEF

First Trust Income Opportunity ETF

First Trust

Annual cost

3.69%

Fund size

$75M

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.
  • SCIO is classified as alternative, while FCEF is mixed asset — different risk/return profiles.
  • SCIO follows a multi strategy strategy; FCEF uses active selection.
  • FCEF has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

SCIOFCEF
Annual cost (TER)0.70%3.69%
Fund size (AUM)$357M$75M
Since20242016
Dividend yield6.09%6.24%
Asset classalternativemixed asset
Regionnorth america
Strategymulti strategyactive selection
CAGR 1Y+7.7%+18.7%
CAGR 3YN/A+16.1%
CAGR 5YN/A+6.5%
Sharpe 3YN/A1.19
Volatility 1Y3.83%7.84%
Max drawdown-1.72%-44.81%

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

Similar to SCIO and FCEF