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 34 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% | 445.69M | Nov 2023 | SCIO vs SOFR | |
| Columbia Diversified Fixed Income Allocation ETF | 0.29% | 440.13M | 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% | 238.29M | 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 81. There are 11 ETFs in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Amplify Samsung SOFR ETF | 98 | 445.69M | Nov 2023 | SCIO vs SOFR | |
| Obra High Grade Structured Products ETF | 97 | 29.65M | Apr 2024 | SCIO vs OGSP | |
| Palmer Square Credit Opportunities ETF | 97 | 101.21M | Sep 2024 | SCIO vs PSQO | |
| VictoryShares Pioneer Asset-Based Income ETF | 96 | 56.29M | Jun 2025 | SCIO vs ABI | |
| Angel Oak Income ETF | 95 | 1.03B | Nov 2022 | SCIO vs CARY |
Top Performing SCIO Alternatives (YTD)
SCIO is at 2.05% YTD. There are 16 ETFs in the Multisector Bonds category with higher YTD returns, going as high as 4.80%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Man Active Income ETF | 4.80% | 20.24M | Sep 2025 | SCIO vs MANI | |
| Bluemonte Diversified Income ETF | 4.44% | 100.93M | Jun 2025 | SCIO vs BLUI | |
| Rareview Dynamic Fixed Income ETF | 3.75% | 58.18M | Oct 2020 | SCIO vs RDFI | |
| VictoryShares Pioneer Asset-Based Income ETF | 3.20% | 56.29M | Jun 2025 | SCIO vs ABI | |
| Simplify Opportunistic Income ETF | 3.11% | 36.11M | Jun 2023 | SCIO vs CRDT |
Lowest Volatility Alternatives to SCIO
SCIO has 3.20% 1-year volatility. There are 25 ETFs in the Multisector Bonds category with lower 1-year volatility, going as low as 0.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Amplify Samsung SOFR ETF | 0.86% | 445.69M | Nov 2023 | SCIO vs SOFR | |
| State Street IG Public & Private ABS ETF | 1.12% | 24.86M | Mar 2026 | SCIO vs PRAB | |
| VictoryShares Pioneer Asset-Based Income ETF | 1.28% | 56.29M | Jun 2025 | SCIO vs ABI | |
| JPMorgan Income ETF | 1.63% | 9.91B | Oct 2021 | SCIO vs JPIE | |
| Palmer Square Credit Opportunities ETF | 1.65% | 101.21M | Sep 2024 | SCIO vs PSQO |
Lowest Drawdown Alternatives to SCIO
SCIO has a 1-year max drawdown of -1.72%. There are 13 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% | 445.69M | 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 | |
| VictoryShares Pioneer Asset-Based Income ETF | -0.95% | 56.29M | Jun 2025 | SCIO vs ABI | |
| JPMorgan Income ETF | -1.15% | 9.91B | Oct 2021 | SCIO vs JPIE |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, AIRR and span 14 categories. AUM among these funds goes as high as $14B.
Often Compared With SCIO
Investors most often compare SCIO with FXN, FIXP, BPH. These 20 comparison targets span 6 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