SCIO vs SECR
First Trust Structured Credit Income Opportunities ETF vs NYLIM MacKay Securitized Income ETF
Which is better, SCIO or SECR?
SCIO has been ahead.
SECR has a lower expense ratio. SCIO led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SCIO | SECR |
|---|---|---|
| Expense Ratio | 0.70% | 0.28%Best |
| AUM | $578M | $161M |
| Dividend Yield | 5.71% | 6.96% |
| Holdings | 942 | 928 |
| YTD Return | +1.00%Best | -1.56% |
| 1Y Return | +1.27%Best | -1.10% |
| Volatility (annualized) | 3.1%Best | 4.9% |
| Max Drawdown | -2.7%Best | -5.1% |
| $10,000 over 2.5 years | $11,650Best | $11,038 |
| Fund Family | First Trust Portfolios (US) | New York Life Investment Management LLC |
| Category | Fixed Income | Fixed Income |
| Style | Long Term High Quality | Long Term High Quality |
| Inception | Feb 27, 2024 | May 31, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: May 31, 2024 to Nov 13, 2026 (2.5 years).
SCIO vs SECR growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.5 years both funds cover.
SCIO vs SECR Performance
First Trust Structured Credit Income Opportunities ETF (SCIO) is an ETF from First Trust Portfolios (US) and NYLIM MacKay Securitized Income ETF (SECR) is an ETF from New York Life Investment Management LLC. Over the past year SCIO returned +1.27% while SECR returned -1.10%. Year to date, SCIO is up 1.00% versus a loss of 1.56% for SECR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SECR has been the more volatile fund, with annualized monthly volatility of 4.9% compared with 3.1% for SCIO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -2.7% for SCIO and -5.1% for SECR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCIO charges 0.70% per year while SECR charges 0.28%. On a $10,000 position that is $70 vs $28 annually, a gap of $42 per year that compounds over a long holding period. On income, SCIO currently yields 5.71% against 6.96% for SECR.
Holdings Overlap
We hold position weights for 44 holdings in SCIO and 95 in SECR, totalling 10.8% and 37.8% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 2 positions appear in both.
2 positions in common, counted across the 44 positions we hold weights for in SCIO and 95 in SECR, against full books of 942 and 928.
Top Shared Holdings
| Stock | Weight in SCIO | Weight in SECR | Difference |
|---|---|---|---|
| STACR 2022-HQA1 B2Freddie Mac Stacr Remic Trust 2022-Hqa1Corp Cmo | 1.00% | 0.10% | 0.90% |
| SWCH 2025-DATA ASwch 25-Data A 144A Frn (Tsfr1M +144.29) 03-15-42/02-16-27 5.75023 | 0.17% | 0.19% | 0.02% |
You are not choosing between two funds in isolation.
Whichever of SCIO and SECR you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCIO or SECR?
SCIO has an expense ratio of 0.70% while SECR charges 0.28%. SECR is the cheaper option, by $42 a year on a $10,000 investment.
Which performed better, SCIO or SECR?
Over the past year SCIO returned +1.27% vs -1.10% for SECR, so SCIO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCIO or SECR?
SECR has been the more volatile fund at 4.9% annualized versus 3.1% for SCIO. Worst drawdown: SCIO -2.7% vs SECR -5.1%.
Should I hold both SCIO and SECR?
SCIO and SECR have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SCIO or SECR?
SCIO yields 5.71% while SECR yields 6.96%, so SECR currently pays the higher dividend yield.
Is SECR better than SCIO?
SECR has a lower expense ratio. SCIO led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.