MANI vs. SCIO

Last updated Jun 27, 2026

MANI (Man Active Income ETF) and SCIO (First Trust Structured Credit Income Opportunities ETF) are both Multisector Bonds funds. Both are actively managed. At a 0.29 correlation, their price movements are largely independent. MANI charges 0.85%/yr vs 0.70%/yr for SCIO.

Performance

MANI vs. SCIO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Man Active Income ETF (MANI) 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, MANI achieves a 4.12% return, which is significantly higher than SCIO's 2.29% return.

MANI

• 1D: -0.10%
• 1M: 0.57%
• YTD: 4.12%
• 6M: 4.06%
• 1Y: —
• 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)

MANI vs. SCIO - Yearly Performance Comparison

	2026 (YTD)	2025
MANI Man Active Income ETF	4.12%	2.30%
SCIO First Trust Structured Credit Income Opportunities ETF	2.29%	1.67%

Correlation

The correlation between MANI and SCIO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	0.29

Return for Risk

MANI vs. SCIO — Risk / Return Rank

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

MANI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

MANI vs. SCIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Man Active Income ETF (MANI) 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.

	MANI	SCIO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.84	—
Sortino ratio: Return per unit of downside risk	—	2.85	—
Omega ratio: Gain probability vs. loss probability	—	1.40	—
Calmar ratio: Return relative to maximum drawdown	—	3.67	—
Martin ratio: Return relative to average drawdown	—	12.47	—

Drawdowns

MANI vs. SCIO - Drawdown Comparison

The maximum MANI drawdown since its inception was -0.74%, smaller than the maximum SCIO drawdown of -1.72%. Use the drawdown chart below to compare losses from any high point for MANI and SCIO.

Drawdown Indicators

	MANI	SCIO	Difference
Max Drawdown Largest peak-to-trough decline	-0.74%	-1.72%	+0.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.72%	—
Current Drawdown Current decline from peak	-0.10%	0.00%	-0.10%
Average Drawdown Average peak-to-trough decline	-0.11%	-0.30%	+0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.51%	—

Volatility

Volatility by Period

	MANI	SCIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.03%	3.46%	-1.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.03%	3.19%	-1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.03%	3.19%	-1.16%

MANI vs. SCIO - Expense Ratio Comparison

MANI has a 0.85% expense ratio, which is higher than SCIO's 0.70% expense ratio.

Dividends

MANI vs. SCIO - Dividend Comparison

MANI's dividend yield for the trailing twelve months is around 4.69%, less than SCIO's 5.87% yield.

Position	TTM	2025	2024
MANI Man Active Income ETF	4.69%	3.00%	0.00%
SCIO First Trust Structured Credit Income Opportunities ETF	5.87%	6.31%	6.02%

Frequently Asked Questions

Can I hold both MANI and SCIO in my portfolio?

MANI and SCIO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MANI or SCIO?

On fees, SCIO is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MANI or SCIO?

SCIO is cheaper with a 0.70% expense ratio, compared with 0.85% for MANI.

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

SCIO has the higher dividend yield at 5.87%, compared with 4.69% for MANI.

What is the main difference between MANI and SCIO?

They also come from different issuers: Man Group and First Trust. Their fees differ too: 0.85% for MANI and 0.70% for SCIO.