SCIO vs. BLUI

Last updated Jun 24, 2026

SCIO (First Trust Structured Credit Income Opportunities ETF) and BLUI (Bluemonte Diversified Income ETF) are both Multisector Bonds funds. Over the past year, SCIO returned 5.43% vs 7.60% for BLUI. At a 0.36 correlation, their price movements are largely independent. SCIO charges 0.70%/yr vs 0.75%/yr for BLUI.

Performance

SCIO vs. BLUI - Performance Comparison

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

Returns By Period

In the year-to-date period, SCIO achieves a 1.83% return, which is significantly lower than BLUI's 3.65% return.

SCIO

• 1D: 0.00%
• 1M: 0.73%
• YTD: 1.83%
• 6M: 1.92%
• 1Y: 5.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLUI

• 1D: 0.34%
• 1M: 0.03%
• YTD: 3.65%
• 6M: 3.78%
• 1Y: 7.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCIO vs. BLUI - Yearly Performance Comparison

	2026 (YTD)	2025
SCIO First Trust Structured Credit Income Opportunities ETF	1.83%	4.67%
BLUI Bluemonte Diversified Income ETF	3.65%	3.60%

Correlation

The correlation between SCIO and BLUI is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jun 23, 2025	0.36

Return for Risk

SCIO vs. BLUI — Risk / Return Rank

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

SCIO

SCIO Risk / Return Rank: 58
SCIO Sharpe Ratio Rank: 47
SCIO Sortino Ratio Rank: 50
SCIO Omega Ratio Rank: 59
SCIO Calmar Ratio Rank: 69
SCIO Martin Ratio Rank: 65

BLUI

BLUI Risk / Return Rank: 71
BLUI Sharpe Ratio Rank: 66
BLUI Sortino Ratio Rank: 70
BLUI Omega Ratio Rank: 72
BLUI Calmar Ratio Rank: 69
BLUI Martin Ratio Rank: 78

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.

SCIO vs. BLUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Structured Credit Income Opportunities ETF (SCIO) and Bluemonte Diversified Income ETF (BLUI). 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.

	SCIO	BLUI	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.96	-0.44
Sortino ratio: Return per unit of downside risk	2.26	2.88	-0.61
Omega ratio: Gain probability vs. loss probability	1.33	1.38	-0.06
Calmar ratio: Return relative to maximum drawdown	3.17	3.14	+0.03
Martin ratio: Return relative to average drawdown	10.75	13.68	-2.93

SCIO vs. BLUI - Sharpe Ratio Comparison

The current SCIO Sharpe Ratio is 1.52, which is comparable to the BLUI Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of SCIO and BLUI, 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

SCIO vs. BLUI - Drawdown Comparison

The maximum SCIO drawdown since its inception was -1.72%, smaller than the maximum BLUI drawdown of -2.43%. Use the drawdown chart below to compare losses from any high point for SCIO and BLUI.

Drawdown Indicators

	SCIO	BLUI	Difference
Max Drawdown Largest peak-to-trough decline	-1.72%	-2.43%	+0.71%
Max Drawdown (1Y) Largest decline over 1 year	-1.72%	-2.43%	+0.71%
Current Drawdown Current decline from peak	-0.10%	-0.13%	+0.03%
Average Drawdown Average peak-to-trough decline	-0.30%	-0.36%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.52%	0.56%	-0.04%

Volatility

SCIO vs. BLUI - Volatility Comparison

The current volatility for First Trust Structured Credit Income Opportunities ETF (SCIO) is 0.75%, while Bluemonte Diversified Income ETF (BLUI) has a volatility of 1.07%. This indicates that SCIO experiences smaller price fluctuations and is considered to be less risky than BLUI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCIO	BLUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.75%	1.07%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	1.79%	3.08%	-1.29%
Volatility (1Y) Calculated over the trailing 1-year period	3.75%	3.91%	-0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.19%	3.91%	-0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.19%	3.91%	-0.72%

SCIO vs. BLUI - Expense Ratio Comparison

SCIO has a 0.70% expense ratio, which is lower than BLUI's 0.75% expense ratio.

Dividends

SCIO vs. BLUI - Dividend Comparison

SCIO's dividend yield for the trailing twelve months is around 5.97%, more than BLUI's 4.70% yield.

Position	TTM	2025	2024
BLUI Bluemonte Diversified Income ETF	4.70%	2.91%	0.00%
SCIO First Trust Structured Credit Income Opportunities ETF	5.97%	6.31%	6.02%

Frequently Asked Questions

Can I hold both SCIO and BLUI in my portfolio?

SCIO and BLUI have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCIO or BLUI?

BLUI has higher volatility (1.07%) compared to SCIO (0.75%). In terms of maximum drawdown, SCIO dropped -1.72% vs BLUI's -2.43%.

Which ETF is better, SCIO or BLUI?

On 1-year performance, BLUI leads with 7.60% vs 5.43% for SCIO. On fees, SCIO is cheaper at 0.70% per year. On volatility, SCIO has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCIO or BLUI?

Over the 1-year period, BLUI has performed better with a 7.60% return vs 5.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCIO or BLUI?

SCIO is cheaper with a 0.70% expense ratio, compared with 0.75% for BLUI.

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

SCIO has the higher dividend yield at 5.97%, compared with 4.70% for BLUI.

What is the main difference between SCIO and BLUI?

They also come from different issuers: First Trust and Bluemonte. Their fees differ too: 0.70% for SCIO and 0.75% for BLUI.

Which has better risk-adjusted returns?

BLUI currently has the higher Sharpe Ratio (1.96 vs 1.52), 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.