First Trust Structured Credit Income Opportunities ETF (SCIO) belongs to the Multisector Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SCIO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SCIO
SCIO charges 0.70% annually. There are 31 ETFs in the Multisector Bonds category with lower expense ratios, going as low as 0.20%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Amplify Samsung SOFR ETF | 0.20% | 432.36M | Nov 2023 | SCIO vs SOFR | |
| Columbia Diversified Fixed Income Allocation ETF | 0.29% | 460.40M | Oct 2017 | SCIO vs DIAL | |
| Vanguard Multi-Sector Income Bond ETF | 0.30% | — | Jun 2025 | SCIO vs VGMS | |
| American Century Multisector Income ETF | 0.36% | 216.87M | Jun 2021 | SCIO vs MUSI | |
| Allspring Income Plus ETF | 0.36% | — | Dec 2024 | SCIO vs AINP |
Best Risk-Adjusted Alternatives to SCIO
SCIO has a PortfoliosLab risk / return rank of 70. There are 10 ETFs in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Amplify Samsung SOFR ETF | 97 | 432.36M | Nov 2023 | SCIO vs SOFR | |
| Palmer Square Credit Opportunities ETF | 96 | 101.21M | Sep 2024 | SCIO vs PSQO | |
| Obra High Grade Structured Products ETF | 95 | 29.65M | Apr 2024 | SCIO vs OGSP | |
| Angel Oak Income ETF | 94 | 1.03B | Nov 2022 | SCIO vs CARY | |
| JPMorgan Income ETF | 93 | 9.10B | Oct 2021 | SCIO vs JPIE |
Top Performing SCIO Alternatives (YTD)
SCIO is at 1.43% YTD. There are 17 ETFs in the Multisector Bonds category with higher YTD returns, going as high as 3.27%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Bluemonte Diversified Income ETF | 3.27% | 100.93M | Jun 2025 | SCIO vs BLUI | |
| VictoryShares Pioneer Asset-Based Income ETF | 2.61% | 56.54M | Jun 2025 | SCIO vs ABI | |
| Simplify Opportunistic Income ETF | 2.58% | 36.80M | Jun 2023 | SCIO vs CRDT | |
| Obra Opportunistic Structured Products ETF | 2.41% | 36.96M | Apr 2024 | SCIO vs OOSP | |
| TCW Multisector Credit Income ETF | 2.30% | 50.94M | Nov 2024 | SCIO vs MUSE |
Lowest Volatility Alternatives to SCIO
SCIO has 3.78% 1-year volatility. There are 36 ETFs in the Multisector Bonds category with lower 1-year volatility, going as low as 0.84%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Amplify Samsung SOFR ETF | 0.84% | 432.36M | Nov 2023 | SCIO vs SOFR | |
| VictoryShares Pioneer Asset-Based Income ETF | 1.28% | 56.54M | Jun 2025 | SCIO vs ABI | |
| Palmer Square Credit Opportunities ETF | 1.55% | 101.21M | Sep 2024 | SCIO vs PSQO | |
| JPMorgan Income ETF | 1.59% | 9.10B | Oct 2021 | SCIO vs JPIE | |
| Obra High Grade Structured Products ETF | 1.74% | 29.65M | Apr 2024 | SCIO vs OGSP |
Lowest Drawdown Alternatives to SCIO
SCIO has a 1-year max drawdown of -1.72%. There are 12 ETFs in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Amplify Samsung SOFR ETF | -0.41% | 432.36M | Nov 2023 | SCIO vs SOFR | |
| Obra High Grade Structured Products ETF | -0.50% | 29.65M | Apr 2024 | SCIO vs OGSP | |
| Palmer Square Credit Opportunities ETF | -0.66% | 101.21M | Sep 2024 | SCIO vs PSQO | |
| JPMorgan Income ETF | -1.15% | 9.10B | Oct 2021 | SCIO vs JPIE | |
| PGIM Short Duration Multi-Sector Bond ETF | -1.19% | — | Jul 2023 | SCIO vs PSDM |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 11 categories. AUM among these funds goes as high as $14B.
Often Compared With SCIO
Investors most often compare SCIO with FIXP, FXN, RDFI. These 14 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare SCIO with Any Fund or Stock
Compare SCIO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SCIO with funds that move differently
First Trust Structured Credit Income Opportunities ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SCIO.
Explore SCIO Diversifiers