SCIO vs. EIPX

Last updated Jun 24, 2026

SCIO (First Trust Structured Credit Income Opportunities ETF) and EIPX (FT Energy Income Partners Strategy ETF) are both exchange-traded funds - SCIO is a Multisector Bonds fund actively managed by First Trust, while EIPX is a Energy Equities fund actively managed by First Trust. Both are actively managed. Over the past year, SCIO returned 5.43% vs 27.12% for EIPX. At a correlation of -0.08, they often move in opposite directions. SCIO charges 0.70%/yr vs 0.95%/yr for EIPX.

Performance

SCIO vs. EIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Structured Credit Income Opportunities ETF (SCIO) and FT Energy Income Partners Strategy ETF (EIPX). 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 EIPX's 20.93% return.

SCIO

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

EIPX

• 1D: 1.02%
• 1M: -3.17%
• YTD: 20.93%
• 6M: 20.98%
• 1Y: 27.12%
• 3Y*: 21.25%
• 5Y*: —
• 10Y*: —

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

SCIO vs. EIPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SCIO First Trust Structured Credit Income Opportunities ETF	1.83%	10.17%	6.43%
EIPX FT Energy Income Partners Strategy ETF	20.93%	11.44%	17.29%

Correlation

The correlation between SCIO and EIPX is -0.18, 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 (1Y) Calculated over the trailing 1-year period	-0.18
Correlation (All Time) Calculated using the full available price history since Feb 28, 2024	-0.08

Return for Risk

SCIO vs. EIPX — 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

EIPX

EIPX Risk / Return Rank: 83
EIPX Sharpe Ratio Rank: 83
EIPX Sortino Ratio Rank: 84
EIPX Omega Ratio Rank: 76
EIPX Calmar Ratio Rank: 90
EIPX Martin Ratio Rank: 84

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. EIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Structured Credit Income Opportunities ETF (SCIO) and FT Energy Income Partners Strategy ETF (EIPX). 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	EIPX	Difference
Sharpe ratio: Return per unit of total volatility	1.52	2.45	-0.93
Sortino ratio: Return per unit of downside risk	2.26	3.49	-1.22
Omega ratio: Gain probability vs. loss probability	1.33	1.41	-0.09
Calmar ratio: Return relative to maximum drawdown	3.17	5.27	-2.10
Martin ratio: Return relative to average drawdown	10.75	16.25	-5.50

SCIO vs. EIPX - Sharpe Ratio Comparison

The current SCIO Sharpe Ratio is 1.52, which is lower than the EIPX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of SCIO and EIPX, 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. EIPX - Drawdown Comparison

The maximum SCIO drawdown since its inception was -1.72%, smaller than the maximum EIPX drawdown of -15.43%. Use the drawdown chart below to compare losses from any high point for SCIO and EIPX.

Drawdown Indicators

	SCIO	EIPX	Difference
Max Drawdown Largest peak-to-trough decline	-1.72%	-15.43%	+13.71%
Max Drawdown (1Y) Largest decline over 1 year	-1.72%	-5.17%	+3.45%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.43%	—
Current Drawdown Current decline from peak	-0.10%	-3.41%	+3.31%
Average Drawdown Average peak-to-trough decline	-0.30%	-2.29%	+1.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.52%	1.67%	-1.15%

Volatility

SCIO vs. EIPX - Volatility Comparison

The current volatility for First Trust Structured Credit Income Opportunities ETF (SCIO) is 0.75%, while FT Energy Income Partners Strategy ETF (EIPX) has a volatility of 3.61%. This indicates that SCIO experiences smaller price fluctuations and is considered to be less risky than EIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCIO	EIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.75%	3.61%	-2.86%
Volatility (6M) Calculated over the trailing 6-month period	1.79%	8.44%	-6.65%
Volatility (1Y) Calculated over the trailing 1-year period	3.75%	11.17%	-7.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.19%	15.02%	-11.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.19%	15.02%	-11.83%

SCIO vs. EIPX - Expense Ratio Comparison

SCIO has a 0.70% expense ratio, which is lower than EIPX's 0.95% expense ratio.

Dividends

SCIO vs. EIPX - Dividend Comparison

SCIO's dividend yield for the trailing twelve months is around 5.97%, more than EIPX's 2.70% yield.

Position	TTM	2025	2024	2023	2022
EIPX FT Energy Income Partners Strategy ETF	2.70%	3.23%	3.27%	3.48%	0.34%
SCIO First Trust Structured Credit Income Opportunities ETF	5.97%	6.31%	6.02%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SCIO and EIPX in my portfolio?

SCIO and EIPX have a correlation of -0.18, 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 EIPX?

EIPX has higher volatility (3.61%) compared to SCIO (0.75%). In terms of maximum drawdown, SCIO dropped -1.72% vs EIPX's -15.43%.

Which ETF is better, SCIO or EIPX?

On 1-year performance, EIPX leads with 27.12% 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 EIPX?

Over the 1-year period, EIPX has performed better with a 27.12% 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 EIPX?

SCIO is cheaper with a 0.70% expense ratio, compared with 0.95% for EIPX.

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

SCIO has the higher dividend yield at 5.97%, compared with 2.70% for EIPX.

What is the main difference between SCIO and EIPX?

SCIO is categorized as Multisector Bonds, while EIPX is Energy Equities. Their fees differ too: 0.70% for SCIO and 0.95% for EIPX.

Which has better risk-adjusted returns?

EIPX currently has the higher Sharpe Ratio (2.45 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.