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SCIO vs UCON

First Trust Structured Credit Income Opportunities ETF vs First Trust Smith Unconstrained Plus Bond ETF

SCIO

First Trust Structured Credit Income Opportunities ETF

First Trust

Annual cost

0.70%

Fund size

$357M

UCON

First Trust Smith Unconstrained Plus Bond ETF

First Trust

Annual cost

0.86%

Fund size

$3.2B

Key differences

  • SCIO costs 0.16% less per year.
  • UCON is significantly larger than SCIO — larger funds tend to be more liquid and less likely to close.
  • SCIO is classified as alternative, while UCON is fixed income — different risk/return profiles.
  • SCIO follows a multi strategy strategy; UCON uses active selection.
  • UCON has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

SCIOUCON
Annual cost (TER)0.70%0.86%
Fund size (AUM)$357M$3.2B
Since20242018
Dividend yield6.09%4.65%
Asset classalternativefixed income
Regionnorth america
Strategymulti strategyactive selection
CAGR 1Y+7.7%+6.1%
CAGR 3YN/A+5.9%
CAGR 5YN/A+2.8%
Sharpe 3YN/A0.62
Volatility 1Y3.83%3.00%
Max drawdown-1.72%-15.31%

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

Similar to SCIO and UCON