SCIO vs MIY

Comparison between FIRST TRUST STRUCTURED CREDIT INCOME OPPORTUNITIES ETF (SCIO, ETF) and BlackRock MuniYield Michigan Quality Fund Inc (MIY, ETF).

SCIO vs MIY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SCIO(ETF)	MIY(ETF)
Net Assets	$357M	$358M
Expense Ratio	0.70%	N/A
Max Drawdown	3.10%	50.82%
Sharpe Ratio	0.82	0.81
5Y Beta	0.01	0.14
5Y Dividends CAGR	N/A	1.68%

Net Assets

SCIO

$357M

Winner

MIY

$358M

Expense Ratio

SCIO

0.70%

MIY

N/A

Max Drawdown

Winner

SCIO

3.10%

MIY

50.82%

Sharpe Ratio

Winner

SCIO

0.82

MIY

0.81

5Y Beta

Winner

SCIO

0.01

MIY

0.14

5Y Dividends CAGR

SCIO

N/A

MIY

1.68%

SCIO vs MIY - Historical Returns

Returns include dividend reinvestment.

Period	SCIO	MIY
1 month	+0.46%	+2.27%
3 months	+0.23%	-3.41%
6 months	+1.86%	+5.97%
1 year	+6.71%	+13.02%
5 years(CAGR)	N/A	-0.01%
10 years(CAGR)	N/A	+2.48%
Max(CAGR)	+7.90%	+5.55%

SCIO

+0.46%

Winner

MIY

+2.27%

Winner

SCIO

+0.23%

MIY

-3.41%

SCIO

+1.86%

Winner

MIY

+5.97%

SCIO

+6.71%

Winner

MIY

+13.02%

5Y(CAGR)

SCIO

N/A

MIY

-0.01%

10Y(CAGR)

SCIO

N/A

MIY

+2.48%

Max(CAGR)

Winner

SCIO

+7.90%

MIY

+5.55%

SCIO vs MIY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	SCIO	MIY
2026	+1.43%	+6.19%
2025	+10.19%	+9.85%
2024	+6.43%	+2.85%
2023	N/A	+4.79%
2022	N/A	-23.78%
2021	N/A	+9.95%
2020	N/A	+7.48%
2019	N/A	+17.81%
2018	N/A	-6.04%
2017	N/A	+8.69%
2016	N/A	+2.26%
2015	N/A	+5.94%
2014	N/A	+17.64%
2013	N/A	-16.80%
2012	N/A	+7.93%
2011	N/A	+25.37%
2010	N/A	+10.33%
2009	N/A	+40.58%
2008	N/A	-24.58%
2007	N/A	-3.81%
2006	N/A	-3.30%
2005	N/A	+7.52%
2004	N/A	+10.85%
2003	N/A	+12.00%
2002	N/A	+12.32%
2001	N/A	+13.29%
2000	N/A	+8.59%
1999	N/A	-4.48%

SCIO vs MIY Drawdown Comparison

The maximum drawdown for SCIO was -1.72%, occurring on Mar 26, 2026. This drawdown has not yet recovered.

The maximum drawdown for MIY was -42.18%, occurring on Oct 10, 2008. Recovery took 394 trading sessions.

The current SCIO drawdown is -0.35%. The current MIY drawdown is -3.79%.

Rank	SCIO	MIY
#1	-1.72% Feb 27, 2026 - Mar 26, 2026	-42.18% Feb 12, 2008 - Sep 3, 2009
#2	-1.41% Apr 3, 2025 - May 7, 2025	-34.58% Aug 2, 2021 - Mar 4, 2026
#3	-0.97% Sep 3, 2025 - Oct 22, 2025	-25.81% Jan 23, 2013 - Jan 4, 2016
#4	-0.96% Jun 23, 2025 - Jul 14, 2025	-24.40% Mar 4, 2020 - Aug 6, 2020
#5	-0.89% Jul 14, 2025 - Aug 1, 2025	-17.37% Aug 31, 2010 - Sep 29, 2011
#6	-0.86% Oct 2, 2024 - Nov 26, 2024	-13.79% Nov 5, 1999 - Dec 18, 2000
#7	-0.74% Dec 9, 2024 - Jan 16, 2025	-12.75% Jul 11, 2016 - Apr 12, 2019
#8	-0.74% Nov 7, 2025 - Nov 25, 2025	-11.86% Mar 24, 2004 - Sep 9, 2004
#9	-0.67% Mar 8, 2024 - Mar 26, 2024	-11.14% Jun 11, 2003 - Jan 7, 2004
#10	-0.66% Mar 27, 2024 - May 7, 2024	-10.97% Jan 24, 2006 - Feb 12, 2008
#11	-0.64% May 16, 2024 - Jun 4, 2024	-10.08% Mar 4, 2026 - Apr 7, 2026
#12	-0.59% Aug 5, 2024 - Aug 20, 2024	-9.04% Feb 10, 2012 - May 24, 2012
#13	-0.59% Jun 5, 2025 - Jun 11, 2025	-8.91% Oct 1, 2002 - Mar 5, 2003
#14	-0.57% Feb 6, 2025 - Feb 19, 2025	-8.41% Nov 28, 2012 - Jan 23, 2013
#15	-0.54% May 7, 2025 - May 27, 2025	-7.27% Nov 14, 2001 - May 28, 2002

Correlation

Correlation between SCIO and MIY is 0.85 which considered as a strong positive correlation - the stocks tend to move together.

0.85

-101

Dividend Comparison (2000 - 2026)

SCIO vs MIY dividend yield comparison.

Year	SCIO	MIY
2026	2.31%	2.24%
2025	6.31%	5.57%
2024	6.02%	5.21%
2023	0.00%	3.86%
2022	0.00%	5.70%
2021	0.00%	4.38%
2020	0.00%	4.23%
2019	0.00%	4.27%
2018	0.00%	5.27%
2017	0.00%	5.46%
2016	0.00%	5.85%
2015	0.00%	5.66%
2014	0.00%	6.32%
2013	0.00%	7.36%
2012	0.00%	5.87%
2011	0.00%	6.02%
2010	0.00%	6.79%
2009	0.00%	5.87%
2008	0.00%	7.08%
2007	0.00%	5.36%
2006	0.00%	5.54%
2005	0.00%	6.21%
2004	0.00%	6.47%
2003	0.00%	6.54%
2002	0.00%	6.62%
2001	0.00%	5.53%
2000	0.00%	2.55%