SCIO vs. BPH

Last updated Jun 4, 2026

SCIO (First Trust Structured Credit Income Opportunities ETF) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - SCIO is a Multisector Bonds fund actively managed by First Trust, while BPH is a Oil & Gas fund actively managed by Precidian. Both are actively managed. At a correlation of -0.77, they often move in opposite directions. SCIO charges 0.70%/yr vs 0.19%/yr for BPH.

Performance

SCIO vs. BPH - Performance Comparison

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

Returns By Period

SCIO

• 1D: 0.00%
• 1M: 0.33%
• YTD: 1.43%
• 6M: 1.90%
• 1Y: 7.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BPH

• 1D: 1.20%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCIO vs. BPH - Yearly Performance Comparison

	2026 (YTD)
SCIO First Trust Structured Credit Income Opportunities ETF	0.19%
BPH BP p.l.c. ADRhedged ETF	2.83%

Correlation

The correlation between SCIO and BPH is -0.77, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	-0.77

Return for Risk

SCIO vs. BPH — Risk / Return Rank

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

SCIO

SCIO Risk / Return Rank: 70
SCIO Sharpe Ratio Rank: 58
SCIO Sortino Ratio Rank: 65
SCIO Omega Ratio Rank: 74
SCIO Calmar Ratio Rank: 82
SCIO Martin Ratio Rank: 75

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. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Structured Credit Income Opportunities ETF (SCIO) and BP p.l.c. ADRhedged ETF (BPH). 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.

	SCIO	BPH	Difference
Sharpe ratio: Return per unit of total volatility	1.92	—	—
Sortino ratio: Return per unit of downside risk	2.94	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	4.22	—	—
Martin ratio: Return relative to average drawdown	14.02	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SCIO	BPH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.51	9.48	-6.97

Drawdowns

SCIO vs. BPH - Drawdown Comparison

The maximum SCIO drawdown since its inception was -1.72%, smaller than the maximum BPH drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for SCIO and BPH.

Drawdown Indicators

	SCIO	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-1.72%	-2.35%	+0.63%
Max Drawdown (1Y) Largest decline over 1 year	-1.72%	—	—
Current Drawdown Current decline from peak	-0.25%	0.00%	-0.25%
Average Drawdown Average peak-to-trough decline	-0.31%	-1.08%	+0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.52%	—	—

Volatility

Volatility by Period

	SCIO	BPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.70%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.78%	25.75%	-21.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.20%	25.75%	-22.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.20%	25.75%	-22.55%

SCIO vs. BPH - Expense Ratio Comparison

SCIO has a 0.70% expense ratio, which is higher than BPH's 0.19% expense ratio.

Dividends

SCIO vs. BPH - Dividend Comparison

SCIO's dividend yield for the trailing twelve months is around 5.99%, while BPH has not paid dividends to shareholders.

Position	TTM	2025	2024
BPH BP p.l.c. ADRhedged ETF	0.00%	0.00%	0.00%
SCIO First Trust Structured Credit Income Opportunities ETF	5.99%	6.31%	6.02%

Frequently Asked Questions

Can I hold both SCIO and BPH in my portfolio?

SCIO and BPH have a correlation of -0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SCIO or BPH?

On fees, BPH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCIO or BPH?

BPH is cheaper with a 0.19% expense ratio, compared with 0.70% for SCIO.

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

SCIO has the higher dividend yield at 5.99%, compared with 0.00% for BPH.

What is the main difference between SCIO and BPH?

SCIO is categorized as Multisector Bonds, while BPH is Oil & Gas. They also come from different issuers: First Trust and Precidian. Their fees differ too: 0.70% for SCIO and 0.19% for BPH.