ABI vs. SCIO

Last updated Jun 27, 2026

ABI (VictoryShares Pioneer Asset-Based Income ETF) and SCIO (First Trust Structured Credit Income Opportunities ETF) are both Multisector Bonds funds. Over the past year, ABI returned 5.13% vs 6.29% for SCIO. At a 0.39 correlation, their price movements are largely independent. ABI charges 0.65%/yr vs 0.70%/yr for SCIO.

Performance

ABI vs. SCIO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares Pioneer Asset-Based Income ETF (ABI) and First Trust Structured Credit Income Opportunities ETF (SCIO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABI achieves a 3.02% return, which is significantly higher than SCIO's 2.29% return.

ABI

• 1D: 0.10%
• 1M: 0.58%
• YTD: 3.02%
• 6M: 3.02%
• 1Y: 5.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCIO

• 1D: 0.19%
• 1M: 0.95%
• YTD: 2.29%
• 6M: 2.25%
• 1Y: 6.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABI vs. SCIO - Yearly Performance Comparison

	2026 (YTD)	2025
ABI VictoryShares Pioneer Asset-Based Income ETF	3.02%	2.05%
SCIO First Trust Structured Credit Income Opportunities ETF	2.29%	4.31%

Correlation

The correlation between ABI and SCIO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.39

Return for Risk

ABI vs. SCIO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ABI

ABI Risk / Return Rank: 95
ABI Sharpe Ratio Rank: 97
ABI Sortino Ratio Rank: 97
ABI Omega Ratio Rank: 98
ABI Calmar Ratio Rank: 93
ABI Martin Ratio Rank: 88

SCIO

SCIO Risk / Return Rank: 76
SCIO Sharpe Ratio Rank: 66
SCIO Sortino Ratio Rank: 74
SCIO Omega Ratio Rank: 79
SCIO Calmar Ratio Rank: 81
SCIO Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ABI vs. SCIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares Pioneer Asset-Based Income ETF (ABI) and First Trust Structured Credit Income Opportunities ETF (SCIO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	ABI	SCIO	Difference
Sharpe ratio: Return per unit of total volatility	4.07	1.84	+2.23
Sortino ratio: Return per unit of downside risk	6.15	2.85	+3.30
Omega ratio: Gain probability vs. loss probability	2.00	1.40	+0.60
Calmar ratio: Return relative to maximum drawdown	5.42	3.67	+1.74
Martin ratio: Return relative to average drawdown	16.42	12.47	+3.95

ABI vs. SCIO - Sharpe Ratio Comparison

The current ABI Sharpe Ratio is 4.07, which is higher than the SCIO Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of ABI and SCIO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ABI vs. SCIO - Drawdown Comparison

The maximum ABI drawdown since its inception was -0.95%, smaller than the maximum SCIO drawdown of -1.72%. Use the drawdown chart below to compare losses from any high point for ABI and SCIO.

Drawdown Indicators

	ABI	SCIO	Difference
Max Drawdown Largest peak-to-trough decline	-0.95%	-1.72%	+0.77%
Max Drawdown (1Y) Largest decline over 1 year	-0.95%	-1.72%	+0.77%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.18%	-0.30%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.31%	0.51%	-0.20%

Volatility

ABI vs. SCIO - Volatility Comparison

The current volatility for VictoryShares Pioneer Asset-Based Income ETF (ABI) is 0.33%, while First Trust Structured Credit Income Opportunities ETF (SCIO) has a volatility of 0.75%. This indicates that ABI experiences smaller price fluctuations and is considered to be less risky than SCIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABI	SCIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.33%	0.75%	-0.42%
Volatility (6M) Calculated over the trailing 6-month period	0.82%	1.80%	-0.98%
Volatility (1Y) Calculated over the trailing 1-year period	1.27%	3.46%	-2.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.27%	3.19%	-1.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.27%	3.19%	-1.92%

ABI vs. SCIO - Expense Ratio Comparison

ABI has a 0.65% expense ratio, which is lower than SCIO's 0.70% expense ratio.

Dividends

ABI vs. SCIO - Dividend Comparison

ABI's dividend yield for the trailing twelve months is around 5.68%, less than SCIO's 5.87% yield.

Position	TTM	2025	2024
ABI VictoryShares Pioneer Asset-Based Income ETF	5.68%	3.01%	0.00%
SCIO First Trust Structured Credit Income Opportunities ETF	5.87%	6.31%	6.02%

Frequently Asked Questions

Can I hold both ABI and SCIO in my portfolio?

ABI and SCIO have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ABI or SCIO?

SCIO has higher volatility (0.75%) compared to ABI (0.33%). In terms of maximum drawdown, ABI dropped -0.95% vs SCIO's -1.72%.

Which ETF is better, ABI or SCIO?

On 1-year performance, SCIO leads with 6.29% vs 5.13% for ABI. On fees, ABI is cheaper at 0.65% per year. On volatility, ABI has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ABI or SCIO?

Over the 1-year period, SCIO has performed better with a 6.29% return vs 5.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ABI or SCIO?

ABI is cheaper with a 0.65% expense ratio, compared with 0.70% for SCIO.

Which ETF pays a higher dividend yield, ABI or SCIO?

SCIO has the higher dividend yield at 5.87%, compared with 5.68% for ABI.

What is the main difference between ABI and SCIO?

They also come from different issuers: VictoryShares and First Trust. Their fees differ too: 0.65% for ABI and 0.70% for SCIO.

Which has better risk-adjusted returns?

ABI currently has the higher Sharpe Ratio (4.07 vs 1.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.