SCIO vs. TMB
SCIO (First Trust Structured Credit Income Opportunities ETF) and TMB (Thornburg Multi Sector Bond ETF) are both Multisector Bonds funds. Both are actively managed. A 0.71 correlation means they provide meaningful diversification when combined. SCIO charges 0.70%/yr vs 0.55%/yr for TMB.
Performance
SCIO vs. TMB - Performance Comparison
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Returns By Period
SCIO
- 1D
- 0.00%
- 1M
- 0.33%
- YTD
- 1.43%
- 6M
- 1.90%
- 1Y
- 7.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TMB
- 1D
- -0.23%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCIO vs. TMB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SCIO First Trust Structured Credit Income Opportunities ETF | 0.19% |
TMB Thornburg Multi Sector Bond ETF | 0.17% |
Correlation
The correlation between SCIO and TMB is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 27, 2026 | 0.71 |
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Return for Risk
SCIO vs. TMB — Risk / Return Rank
SCIO
TMB
SCIO vs. TMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Structured Credit Income Opportunities ETF (SCIO) and Thornburg Multi Sector Bond ETF (TMB). 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 | TMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.22 | — | — |
| Martin ratioReturn 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. | |||
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Sharpe Ratios by Period
| SCIO | TMB | 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 | 3.18 | -0.68 |
Drawdowns
SCIO vs. TMB - Drawdown Comparison
The maximum SCIO drawdown since its inception was -1.72%, which is greater than TMB's maximum drawdown of -0.24%. Use the drawdown chart below to compare losses from any high point for SCIO and TMB.
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Drawdown Indicators
| SCIO | TMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.72% | -0.24% | -1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -1.72% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -0.24% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.31% | -0.06% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | — | — |
Volatility
SCIO vs. TMB - Volatility Comparison
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Volatility by Period
| SCIO | TMB | 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% | 2.52% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.20% | 2.52% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.20% | 2.52% | +0.68% |
SCIO vs. TMB - Expense Ratio Comparison
SCIO has a 0.70% expense ratio, which is higher than TMB's 0.55% expense ratio.
Dividends
SCIO vs. TMB - Dividend Comparison
SCIO's dividend yield for the trailing twelve months is around 5.99%, more than TMB's 0.36% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SCIO First Trust Structured Credit Income Opportunities ETF | 5.99% | 6.31% | 6.02% |
TMB Thornburg Multi Sector Bond ETF | 0.36% | 0.00% | 0.00% |
Frequently Asked Questions
SCIO and TMB have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TMB is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TMB is cheaper with a 0.55% expense ratio, compared with 0.70% for SCIO.
SCIO has the higher dividend yield at 5.99%, compared with 0.36% for TMB.
They also come from different issuers: First Trust and Thornburg. Their fees differ too: 0.70% for SCIO and 0.55% for TMB.
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