- ISIN
- US33738D7701
- Issuer
- First Trust
- Inception Date
- Feb 27, 2024
- Category
- Multisector Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $411M
Share Price Chart
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Performance
SCIO Performance Chart
First Trust Structured Credit Income Opportunities ETF (SCIO) is up 1.8% since the beginning of the year. SCIO is currently trading at $21 per share.
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Returns By Period
First Trust Structured Credit Income Opportunities ETF (SCIO) has returned 1.83% so far this year and 6.58% over the past 12 months.
First Trust Structured Credit Income Opportunities ETF
- 1D
- -0.10%
- 1M
- 0.73%
- YTD
- 1.83%
- 6M
- 1.89%
- 1Y
- 6.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SCIO Monthly Returns History
Based on dividend-adjusted daily data since Feb 28, 2024, SCIO's average daily return is +0.03%, while the average monthly return is +0.62%. At this rate, an investment would double in approximately 9.3 years.
Historically, 86% of months were positive and 14% were negative. The best month was Aug 2025 with a return of +2.0%, while the worst month was Mar 2026 at -1.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 1 months.
On a daily basis, SCIO closed higher 52% of trading days. The best single day was Jun 23, 2025 with a return of +1.1%, while the worst single day was Jun 24, 2025 at -1.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.60% | 1.08% | -1.07% | 0.51% | 0.41% | 0.29% | 1.83% | ||||||
| 2025 | 1.01% | 1.87% | 0.60% | 0.23% | 0.50% | 1.77% | 0.27% | 1.97% | -0.14% | 0.51% | 0.74% | 0.42% | 10.17% |
| 2024 | 0.30% | 0.87% | -0.62% | 0.80% | 0.77% | 1.04% | 1.18% | 1.21% | -0.72% | 1.17% | 0.26% | 6.43% |
Benchmark Metrics
First Trust Structured Credit Income Opportunities ETF has an annualized alpha of 7.80%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 28, 2024.
- This ETF captured 21.28% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -11.48%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.01 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 7.80%
- Beta
- 0.01
- R²
- 0.00
- Upside Capture
- 21.28%
- Downside Capture
- -11.48%
Expense Ratio
SCIO has an expense ratio of 0.70%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SCIO ranks 66 for risk / return — better than 66% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust Structured Credit Income Opportunities ETF (SCIO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SCIO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | 2.78 | +1.06 |
| Martin ratioReturn relative to average drawdown | 12.74 | 12.44 | +0.30 |
Dividends
Dividend History
First Trust Structured Credit Income Opportunities ETF provided a 5.97% dividend yield over the last twelve months, with an annual payout of $1.24 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $1.24 | $1.31 | $1.21 |
Dividend yield | 5.97% | 6.31% | 6.02% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Structured Credit Income Opportunities ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.00 | $0.48 | ||||||
| 2025 | $0.11 | $0.11 | $0.11 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.11 | $0.10 | $0.10 | $1.31 |
| 2024 | $0.09 | $0.10 | $0.10 | $0.11 | $0.11 | $0.12 | $0.14 | $0.14 | $0.31 | $1.21 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Structured Credit Income Opportunities ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Structured Credit Income Opportunities ETF was 1.72%, occurring on Mar 26, 2026. Recovery took 54 trading sessions.
The current First Trust Structured Credit Income Opportunities ETF drawdown is 0.10%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -1.72%Mar 2026 | 24d | 2mo 18d | 3mo 12dMar 2026 - Jun 2026 |
2025 selloff2025 | -1.41%Apr 2025 | 4d | 26d | 1moApr 2025 - May 2025 |
2025 pullback2025 | -0.98%Sep 2025 | 25d | 23d | 1mo 18dSep 2025 - Oct 2025 |
2025 selloff2025 | -0.96%Jun 2025 | 0s | 20d | 20dJun 2025 - Jul 2025 |
2025 pullback2025 | -0.89%Jul 2025 | 1d | 16d | 17dJul 2025 - Aug 2025 |
Drawdown Indicators
| SCIO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.72% | -56.78% | +55.06% |
Max Drawdown (1Y)Largest decline over 1 year | -1.72% | -9.10% | +7.38% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.10% | -1.80% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -0.30% | -10.71% | +10.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 2.03% | -1.51% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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