First Trust Indxx Aerospace & Defense ETF (MISL)

Market Price (10/2/2026): $41.78

First Trust Indxx Aerospace & Defense ETF (MISL)

Market Price (10/2/2026): $41.78

Key Takeaways

MISL has returned -2.4% YTD vs +12.6% for SPY; +0.1% over the past 12 months (SPY +15.2%). details →
Priced in gold, MISL has returned -14.2% over the past 3 years, vs +96.0% in dollars — its dollar gains have lagged gold. details →
MISL has seen negligible net fund flows over the past month (+0.6% of assets). details →
MISL's top 10 holdings represent 58% of the fund vs 38% for SPY — a more concentrated portfolio. details →
MISL trades 18% below its 52-week high. details →

Last updated: 10/1/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with MISL

Risk Tolerance:

ConservativeModerateAggressive

Moderate — 55% equity / 25% bonds / 20% alternatives

10Y Return (ann.)

+7.3%

Volatility

8.0%

Sharpe

0.58

YTD

-0.3%

Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

	ETF	%	1D	1W	1M	YTD
Equity	MISL	25.0%	0.4%	-1.9%	-3.9%	-2.4%
Bond	BND	50.0%	0.3%	-0.2%	-2.0%	-2.5%
Gold	GLD	10.0%	0.5%	-2.3%	-3.5%	-3.4%
Commodity	DBC	2.5%	0.0%	-2.6%	1.2%	44.5%
Real Estate	VNQ	5.0%	-0.5%	-2.2%	-6.6%	3.6%
Bitcoin	BTCUSD	0.0%	-0.2%	-1.1%	7.8%	-4.7%
Cash	GOVT	7.5%	-0.1%	-0.5%	-2.1%	-2.7%
Conservative Portfolio		100.0%	0.3%	-1.0%	-2.8%	-1.1%

	ETF	%	1D	1W	1M	YTD
Equity	MISL	55.0%	0.4%	-1.9%	-3.9%	-2.4%
Bond	BND	25.0%	0.3%	-0.2%	-2.0%	-2.5%
Gold	GLD	7.0%	0.5%	-2.3%	-3.5%	-3.4%
Commodity	DBC	4.0%	0.0%	-2.6%	1.2%	44.5%
Real Estate	VNQ	5.0%	-0.5%	-2.2%	-6.6%	3.6%
Bitcoin	BTCUSD	2.0%	-0.2%	-1.1%	7.8%	-4.7%
Cash	GOVT	2.0%	-0.1%	-0.5%	-2.1%	-2.7%
Moderate Portfolio		100.0%	0.3%	-1.5%	-3.1%	-0.3%

	ETF	%	1D	1W	1M	YTD
Equity	MISL	80.0%	0.4%	-1.9%	-3.9%	-2.4%
Bond	BND	5.0%	0.3%	-0.2%	-2.0%	-2.5%
Gold	GLD	3.0%	0.5%	-2.3%	-3.5%	-3.4%
Commodity	DBC	2.2%	0.0%	-2.6%	1.2%	44.5%
Real Estate	VNQ	4.5%	-0.5%	-2.2%	-6.6%	3.6%
Bitcoin	BTCUSD	5.2%	-0.2%	-1.1%	7.8%	-4.7%
Cash	GOVT	0.0%	-0.1%	-0.5%	-2.1%	-2.7%
Aggressive Portfolio		100.0%	0.3%	-1.8%	-3.2%	-1.2%

	ETF	%	Return	Volatility	Sharpe
Equity	MISL	25.0%	0.0%	11.2%	0.41
Bond	BND	50.0%	1.2%	5.2%	-0.29
Gold	GLD	10.0%	11.6%	15.4%	0.59
Commodity	DBC	2.5%	8.2%	17.2%	0.39
Real Estate	VNQ	5.0%	4.4%	17.6%	0.17
Bitcoin	BTCUSD	0.0%	63.9%	76.0%	0.96
Cash	GOVT	7.5%	0.2%	4.9%	-0.49
Conservative Portfolio		100.0%	4.1%	6.0%	0.24

	ETF	%	Return	Volatility	Sharpe
Equity	MISL	55.0%	0.0%	11.2%	0.41
Bond	BND	25.0%	1.2%	5.2%	-0.29
Gold	GLD	7.0%	11.6%	15.4%	0.59
Commodity	DBC	4.0%	8.2%	17.2%	0.39
Real Estate	VNQ	5.0%	4.4%	17.6%	0.17
Bitcoin	BTCUSD	2.0%	63.9%	76.0%	0.96
Cash	GOVT	2.0%	0.2%	4.9%	-0.49
Moderate Portfolio		100.0%	7.3%	8.0%	0.58

	ETF	%	Return	Volatility	Sharpe
Equity	MISL	80.0%	0.0%	11.2%	0.41
Bond	BND	5.0%	1.2%	5.2%	-0.29
Gold	GLD	3.0%	11.6%	15.4%	0.59
Commodity	DBC	2.2%	8.2%	17.2%	0.39
Real Estate	VNQ	4.5%	4.4%	17.6%	0.17
Bitcoin	BTCUSD	5.2%	63.9%	76.0%	0.96
Cash	GOVT	0.0%	0.2%	4.9%	-0.49
Aggressive Portfolio		100.0%	10.7%	10.7%	0.74

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	MISL	25.0%
Bond	BND	50.0%	-14.2%	-2.2%	1.3%
Gold	GLD	10.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.5%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	0.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	7.5%	-12.4%	4.4%	1.6%
Conservative Portfolio		100.0%	-13.0%	-5.4%	0.4%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	MISL	55.0%
Bond	BND	25.0%	-14.2%	-2.2%	1.3%
Gold	GLD	7.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	4.0%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	2.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	2.0%	-12.4%	4.4%	1.6%
Moderate Portfolio		100.0%	-13.6%	-10.2%	-2.9%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	MISL	80.0%
Bond	BND	5.0%	-14.2%	-2.2%	1.3%
Gold	GLD	3.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.2%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	4.5%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	5.2%	-56.0%	-33.5%	-37.4%
Cash	GOVT	0.0%	-12.4%	4.4%	1.6%
Aggressive Portfolio		100.0%	-23.8%	-22.3%	-13.2%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

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Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance

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Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Top 20 Holdings for MISL

Total Weights
Top 5: 44.1% | Top 10: 63.3% | Top 20: 88.0%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		74.69%	100.00%	100.00%	2.2	25.4	+8.2%	+12.0%
Top 20		67.28%	82.14%	88.55%	2.4	26.4	+8.5%	+11.4%
PLTR	Palantir Technologies	12.53%	0.56%	3.46%	39.2	99.2	+50.0%	+40.0%
SPCX	Space Exploration Technologies	8.73%	—	—	—	—	—	—
RTX	RTX	8.11%	10.04%	10.49%	2.4	23.6	+7.5%	+8.8%
GE	GE Aerospace	7.52%	3.88%	8.67%	5.9	34.3	+10.9%	+14.6%
BA	Boeing	7.17%	14.69%	4.80%	1.4	59.6	+14.9%	—
LMT	Lockheed Martin	4.16%	9.11%	9.39%	1.4	15.6	+5.9%	+7.0%
NOC	Northrop Grumman	3.97%	8.24%	10.89%	1.5	16.0	+6.9%	+4.2%
GD	General Dynamics	3.76%	7.61%	7.85%	1.5	18.0	+4.9%	+9.3%
HEI	Heico	3.72%	—	—	—	—	—	—
RKLB	Rocket Lab	3.65%	—	—	—	—	—	—
HWM	Howmet Aerospace	3.62%	1.20%	3.10%	8.1	36.2	+13.8%	+20.9%
TDG	TransDigm	3.62%	1.90%	5.11%	5.4	22.3	+7.4%	+15.3%
LHX	L3Harris Technologies	3.46%	5.91%	6.05%	1.8	17.9	+7.0%	+14.6%
ASTS	AST SpaceMobile	2.64%	—	—	—	—	—	—
CW	Curtiss-Wright	2.26%	1.36%	2.53%	5.0	32.2	+8.3%	+9.9%
WWD	Woodward	2.25%	1.56%	2.59%	4.2	30.2	+9.9%	+17.4%
FTAI	FTAI Aviation	1.98%	—	—	—	—	—	—
LDOS	Leidos	1.77%	6.73%	6.62%	0.8	9.8	+4.7%	+0.5%
TXT	Textron	1.54%	5.84%	4.51%	0.8	10.5	+3.7%	+12.4%
CACI	CACI International	1.54%	3.51%	2.48%	1.3	17.8	+6.8%	+13.6%

[1] Total and Top 20 rows are weighted aggregates across constituents.
[2] Forward P/S and P/E ratios use consensus sales and earnings for the 12 months ending 10/31/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 10/31/27.
[3] Forward Sales and Non-GAAP Earnings Growth are calculated as next fiscal year (FY2) consensus growth over current fiscal year (FY1) consensus. They are not derived from the forward P/S and P/E multiples shown.

Performance for MISL Top Holdings

Ticker	Holding	Weight	Mkt Price 10/1	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
MISL	First Trust Indxx Aerospace & Defense ETF	100.00%	41.78	0.4%	-3.9%	-2.4%	0.1%	96.0%
PLTR	Palantir Technologies	12.53%	190.04	1.6%	5.6%	6.9%	2.8%	1,096.7%	681.1%
SPCX	Space Exploration Technologies	8.73%	148.07	-1.8%	4.1%
RTX	RTX	8.11%	185.01	-0.3%	-9.8%	2.0%	12.3%	175.3%	135.5%	287.2%
GE	GE Aerospace	7.52%	312.39	0.0%	-5.6%	1.7%	4.2%	265.5%	380.6%	141.5%
BA	Boeing	7.17%	192.28	3.3%	-6.5%	-11.4%	-10.7%	2.4%	-14.9%	57.9%
LMT	Lockheed Martin	4.16%	505.50	-0.7%	-7.2%	6.4%	3.9%	34.3%	66.1%	173.6%
NOC	Northrop Grumman	3.97%	482.00	-0.3%	-9.6%	-14.4%	-19.1%	14.6%	44.8%	163.1%
GD	General Dynamics	3.76%	332.72	0.3%	-9.9%	0.1%	-0.6%	58.4%	86.4%	167.1%
HEI	Heico	3.72%	306.39	1.1%	-5.8%	-5.2%	-4.1%	90.8%	127.3%	772.0%
RKLB	Rocket Lab	3.65%	70.46	1.1%	12.7%	1.0%	46.9%	1,505.0%	340.9%
HWM	Howmet Aerospace	3.62%	228.38	1.0%	-10.4%	11.6%	17.5%	407.0%	614.5%	929.1%
TDG	TransDigm	3.62%	1,097.24	1.4%	-5.1%	-17.5%	-15.6%	55.7%	102.2%	505.7%
LHX	L3Harris Technologies	3.46%	238.40	0.7%	-9.1%	-17.8%	-19.3%	47.2%	20.0%	214.1%
ASTS	AST SpaceMobile	2.64%	57.04	-3.1%	2.2%	-21.5%	0.2%	1,433.3%	441.2%
CW	Curtiss-Wright	2.26%	544.94	0.2%	-5.7%	-1.0%	0.6%	184.2%	331.8%	528.7%
WWD	Woodward	2.25%	336.19	2.3%	-0.1%	11.5%	32.9%	176.4%	195.1%	472.9%
FTAI	FTAI Aviation	1.98%	167.32	0.2%	-11.6%	-14.5%	-2.6%	410.8%	820.4%	2,757.8%
LDOS	Leidos	1.77%	121.97	0.1%	-12.1%	-31.8%	-35.6%	35.3%	33.5%	233.0%
TXT	Textron	1.54%	77.17	1.3%	-3.2%	-11.4%	-9.4%	0.1%	9.2%	96.1%
CACI	CACI International	1.54%	627.06	2.9%	-0.4%	17.7%	21.7%	100.0%	136.5%	522.3%

Guidance Updates for MISL Top Holdings

	Ticker	Company	Earnings Date	Guidance Metric	Midpoint Value	% Change	Guidance Change
CACI_8052026	CACI	CACI International	8/5/2026	2027 Revenue	10.75 Bil	12.6%	Higher NewNew Guidance Higher than Prior Actual of 9.55 Bil for 2026
HWM_8062026	HWM	Howmet Aerospace	8/6/2026	Q3 2026 Revenue	2.58 Bil	7.3%	Higher NewNew Guidance Higher than Prior Actual of 2.40 Bil for Q2 2026
PLTR_8032026	PLTR	Palantir Technologies	8/3/2026	2026 Revenue	8.15 Bil	6.5%	RaisedRaised Prior Guidance of 7.66 Bil for 2026

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
MISL Return	-	8%	15%	20%	41%	-3%	106%
Peers Return	15%	-20%	33%	13%	40%	42%	178%
S&P 500 Return	27%	-19%	24%	23%	16%	12%	104%
Monthly Win Rates [3]
MISL Win Rate	-	100%	58%	58%	83%	44%
Peers Win Rate	58%	45%	62%	58%	67%	69%
S&P 500 Win Rate	75%	42%	67%	75%	67%	44%
Max Drawdowns [4]
MISL Max Drawdown	-	-	-10%	-10%	-16%	-18%
Peers Max Drawdown	-20%	-37%	-19%	-18%	-26%	-18%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: SMH, SOXX, IBB, XBI, ITA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/1/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker	1Y	3Y	5Y
MISL	0.05	0.96	0.82
Equity Top Results (3Y)
IALT	2.30	2.30	2.30
VLUE	2.18	1.44	0.76
SPMO	0.89	1.43	0.86
SMH	1.69	1.38	0.95
CGDV	1.03	1.35	0.89

Results as of 9302026.

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Compare to SMH, SOXX, IBB, XBI, ITA

In The Past

First Trust Indxx Aerospace & Defense ETF's stock fell -8.9% during the 2025 US Tariff Shock. Such a loss loss requires a 9.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

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Compare to SMH, SOXX, IBB, XBI, ITA

In The Past

First Trust Indxx Aerospace & Defense ETF's stock fell -8.9% during the 2025 US Tariff Shock. Such a loss loss requires a 9.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

MISL Dip Buy History

MISL had 5 events since 10/26/2022 where the dip threshold of -5.0% within 60 trading days was triggered

46% median peak return within 1 year of dip event
368 days is the median time to peak return after a dip event
-2.1% median max drawdown within 1 year of dip event

60 Trading-Day Dip			MISL Subsequent Performance
Date	MISL	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			45%	46%	-2%	368
8/24/2026	-9%	1%			-7%	3
4/15/2026	-7%	1%			-12%	43
12/31/2024	-5%	3%	54%	55%	-10%	371
9/25/2023	-6%	-1%	45%	46%	-2%	364
5/4/2023	-6%	-2%	30%	30%	-1%	368

[1] Dip event: the stock fell more than 5.0% over 60 trading days. A new event is counted only when it comes more than 30 calendar days after the previous one.
[2] Analysis for period from 1/1/2005 to 10/1/2026

MISL had 4 events since 10/26/2022 where the dip threshold of -10% within 90 trading days was triggered

80% median peak return within 1 year of dip event
302 days is the median time to peak return after a dip event
-3.2% median max drawdown within 1 year of dip event

90 Trading-Day Dip			MISL Subsequent Performance
Date	MISL	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			68%	80%	-3%	302
10/1/2026	-10%	3%			0%	0
7/10/2026	-12%	11%			-7%	35
4/4/2025	-13%	-14%	70%	86%	0%	287
3/4/2025	-10%	-1%	66%	74%	-6%	318

[1] Dip event: the stock fell more than 10% over 90 trading days. A new event is counted only when it comes more than 30 calendar days after the previous one.
[2] Analysis for period from 1/1/2005 to 10/1/2026

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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
DIA	State Street SPDR Dow Jones Industrial Average ETF Trust	-6.2%	508.62	10012026	542.36	8052026	57
IJH	iShares Core S&P Mid-Cap ETF	-7.6%	72.70	10012026	78.67	8162026	46
VO	Vanguard Mid-Cap ETF	-6.0%	79.14	10012026	84.15	8162026	46
IWR	iShares Russell Mid-Cap ETF	-6.3%	107.59	10012026	114.82	8162026	46
MDY	State Street SPDR S&P MIDCAP 400 ETF Trust	-7.5%	663.38	10012026	716.91	8162026	46
SCHM	Schwab U.S. Mid-Cap ETF	-7.0%	34.30	10012026	36.87	6302026	93
IVOO	Vanguard S&P Mid-Cap 400 ETF	-7.2%	123.07	10012026	132.68	8162026	46
IJR	iShares Core S&P Small-Cap ETF	-9.0%	136.97	10012026	150.44	8162026	46
VB	Vanguard Small-Cap ETF	-7.1%	286.56	10012026	308.38	8162026	46
IWM	iShares Russell 2000 ETF	-8.5%	279.02	10012026	305.09	8162026	46
SCHA	Schwab U.S. Small-Cap ETF	-9.3%	32.77	10012026	36.13	6302026	93
VTWO	Vanguard Russell 2000 ETF	-8.3%	112.67	10012026	122.90	8162026	46
DFAS	Dimensional U.S. Small Cap ETF	-7.7%	77.98	10012026	84.48	8162026	46
ESML	iShares ESG Aware MSCI USA Small-Cap ETF	-7.5%	52.37	10012026	56.64	8162026	46
NUSC	Nuveen ESG Small-Cap ETF	-8.4%	48.78	10012026	53.27	8162026	46
AKRE	Akre Focus ETF	-13.6%	53.45	10012026	61.85	8302026	32
IWP	iShares Russell Mid-Cap Growth ETF	-5.5%	139.64	10012026	147.70	8172026	45
VOT	Vanguard Mid-Cap Growth ETF	-6.0%	294.94	10012026	313.61	8162026	46
IJK	iShares S&P Mid-Cap 400 Growth ETF	-6.9%	110.85	10012026	119.11	8172026	45
MDYG	State Street SPDR S&P 400 Mid Cap Growth ETF	-7.0%	105.76	10012026	113.69	8172026	45
IWO	iShares Russell 2000 Growth ETF	-9.6%	357.64	10012026	395.65	8162026	46
VBK	Vanguard Small-Cap Growth ETF	-7.0%	340.36	10012026	365.91	8172026	45
IJT	iShares S&P Small-Cap 600 Growth ETF	-10.1%	161.07	10012026	179.07	8042026	58
SLYG	State Street SPDR S&P 600 Small Cap Growth ETF	-10.1%	107.47	10012026	119.50	8042026	58
SCHV	Schwab U.S. Large-Cap Value ETF	-5.6%	33.38	10012026	35.37	8162026	46
VOE	Vanguard Mid-Cap Value ETF	-6.0%	197.30	10012026	209.92	8162026	46
IWS	iShares Russell Mid-Cap Value ETF	-6.7%	161.77	10012026	173.44	8162026	46
IJJ	iShares S&P Mid-Cap 400 Value ETF	-8.3%	139.06	10012026	151.67	8162026	46
MDYV	State Street SPDR S&P 400 Mid Cap Value ETF	-8.2%	89.40	10012026	97.39	8162026	46
VBR	Vanguard Small-Cap Value ETF	-7.2%	232.48	10012026	250.56	8162026	46
AVUV	Avantis U.S. Small Cap Value ETF	-7.5%	119.10	10012026	128.74	8042026	58
IWN	iShares Russell 2000 Value ETF	-7.4%	210.55	10012026	227.43	8162026	46
IJS	iShares S&P Small-Cap 600 Value ETF	-8.2%	129.19	10012026	140.68	8162026	46
SLYV	State Street SPDR S&P 600 Small Cap Value ETF	-8.2%	102.99	10012026	112.22	8162026	46
VIOV	Vanguard S&P Small-Cap 600 Value ETF	-7.8%	110.93	10012026	120.28	8162026	46
IEFA	iShares Core MSCI EAFE ETF	-5.4%	95.95	10012026	101.41	8252026	37
EFA	iShares MSCI EAFE ETF	-5.5%	102.82	10012026	108.81	8252026	37
FNDF	Schwab Fundamental International Equity ETF	-5.3%	53.33	10012026	56.31	9072026	24
EFV	iShares MSCI EAFE Value ETF	-6.3%	77.88	10012026	83.08	9032026	28
AVIV	Avantis International Large Cap Value ETF	-6.1%	78.74	10012026	83.89	8252026	37
VGK	Vanguard FTSE Europe ETF	-8.0%	85.49	10012026	92.96	8252026	37
IEMG	iShares Core MSCI Emerging Markets ETF	-5.6%	81.22	10012026	86.00	6222026	101
EEM	iShares MSCI Emerging Markets ETF	-6.2%	66.81	10012026	71.21	6222026	101
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-12.2%	32.75	10012026	37.30	6222026	101
EWY	iShares MSCI South Korea ETF	-15.1%	186.11	10012026	219.20	6212026	102
EWZ	iShares MSCI Brazil ETF	-11.0%	37.14	10012026	41.73	4142026	170
FXI	iShares China Large-Cap ETF	-11.3%	33.92	10012026	38.26	5132026	141
ILF	iShares Latin America 40 ETF	-10.1%	34.27	10012026	38.10	4142026	170
KWEB	KraneShares CSI China Internet ETF	-20.5%	24.33	10012026	30.59	5132026	141
SCHD	Schwab US Dividend Equity ETF	-7.2%	32.66	10012026	35.21	8242026	38
VYM	Vanguard High Dividend Yield ETF	-6.5%	155.35	10012026	166.11	8132026	49
DGRO	iShares Core Dividend Growth ETF	-5.7%	75.44	10012026	80.04	8192026	43
CGDV	Capital Group Dividend Value ETF	-5.1%	48.84	10012026	51.44	8132026	49
DVY	iShares Select Dividend ETF	-7.7%	152.71	10012026	165.50	8162026	46
SDY	State Street SPDR S&P Dividend ETF	-7.3%	147.49	10012026	159.18	8242026	38
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	-8.2%	54.23	10012026	59.07	8242026	38
SCHY	Schwab International Dividend Equity ETF	-7.9%	31.12	10012026	33.78	8252026	37
RYLD	Global X Russell 2000 Covered Call ETF	-5.1%	15.48	10012026	16.31	8272026	35
RSP	Invesco S&P 500 Equal Weight ETF	-6.2%	209.00	10012026	222.77	8162026	46
COWZ	Pacer US Cash Cows 100 ETF	-6.6%	67.63	10012026	72.40	8302026	32
MTUM	iShares MSCI USA Momentum Factor ETF	-7.1%	320.88	10012026	345.22	6222026	101
SPHQ	Invesco S&P 500 Quality ETF	-5.7%	84.92	10012026	90.10	6302026	93
FNDA	Schwab Fundamental U.S. Small Company ETF	-8.4%	35.30	10012026	38.52	8162026	46
SPMO	Invesco S&P 500 Momentum ETF	-5.5%	152.75	10012026	161.66	6222026	101
MOAT	VanEck Morningstar Wide Moat ETF	-8.0%	105.96	10012026	115.14	8272026	35
SPGP	Invesco S&P 500 GARP ETF	-7.5%	119.28	10012026	129.02	8132026	49
QVAL	Alpha Architect U.S. Quantitative Value ETF	-5.6%	59.00	10012026	62.50	8262026	36
URA	Global X Uranium ETF	-32.0%	39.59	10012026	58.26	5062026	148
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-14.9%	35.43	10012026	41.63	5132026	141
ROBO	ROBO Global Robotics & Automation Index ETF	-10.3%	81.01	10012026	90.34	6022026	121
LIT	Global X Lithium & Battery Tech ETF	-25.5%	68.22	10012026	91.62	5112026	143
ICLN	iShares Global Clean Energy ETF	-29.1%	16.84	10012026	23.75	6022026	121
ARKQ	ARK Autonomous Technology & Robotics ETF	-15.6%	121.43	10012026	143.82	5282026	126
ARKX	ARK Space & Defense Innovation ETF	-15.3%	31.97	10012026	37.74	5282026	126
NASA	Tema Space Innovators ETF	-43.0%	23.87	10012026	41.89	5272026	127
DRSK	Aptus Defined Risk ETF	-7.3%	27.24	10012026	29.39	6012026	122
ALLW	SSGA Active Trust State Street Bridgewater All Weather ETF	-6.0%	28.61	10012026	30.44	8252026	37
PCEF	Invesco CEF Income Composite ETF	-5.6%	19.33	10012026	20.47	8132026	49
YYY	Amplify CEF High Income ETF	-9.1%	10.34	10012026	11.37	8162026	46
HNDL	Strategy Shares Nasdaq 7HANDL Index ETF	-5.3%	21.59	10012026	22.79	8162026	46
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fund	-10.5%	63.84	10012026	71.30	8252026	37
RAAX	VanEck Real Assets ETF	-5.8%	40.22	10012026	42.70	5112026	143
XLF	State Street Financial Select Sector SPDR ETF	-8.7%	53.46	10012026	58.56	9032026	28
XLV	State Street Health Care Select Sector SPDR ETF	-5.4%	166.20	10012026	175.68	8192026	43
XLI	State Street Industrial Select Sector SPDR ETF	-9.6%	168.64	10012026	186.51	8162026	46
XLC	State Street Communication Services Select Sector SPDR ETF	-7.5%	109.94	10012026	118.79	4192026	165
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	-10.7%	108.81	10012026	121.82	5282026	126
XLP	State Street Consumer Staples Select Sector SPDR ETF	-8.1%	80.33	10012026	87.45	8242026	38
XLU	State Street Utilities Select Sector SPDR ETF	-15.3%	39.68	10012026	46.85	4092026	175
XLB	State Street Materials Select Sector SPDR ETF	-9.6%	48.54	10012026	53.67	8262026	36
VHT	Vanguard Health Care ETF	-5.1%	311.72	10012026	328.48	8192026	43
IYJ	iShares U.S. Industrials ETF	-8.7%	155.03	10012026	169.86	8042026	58
IYM	iShares U.S. Basic Materials ETF	-9.6%	177.63	10012026	196.45	8252026	37
FXN	First Trust Energy AlphaDEX Fund	-8.1%	22.38	10012026	24.35	9152026	16
SMH	VanEck Semiconductor ETF	-7.6%	617.81	10012026	668.91	6222026	101
SOXX	iShares Semiconductor ETF	-12.0%	576.33	10012026	655.01	6222026	101
IBB	iShares Biotechnology ETF	-5.1%	205.96	10012026	216.96	8192026	43
XBI	State Street SPDR S&P Biotech ETF	-8.9%	154.51	10012026	169.55	8192026	43
ITA	iShares U.S. Aerospace & Defense ETF	-17.8%	208.04	10012026	253.22	8162026	46
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-7.7%	184.30	10012026	199.70	9152026	16
IYT	iShares U.S. Transportation ETF	-12.2%	79.04	10012026	90.01	7162026	77
IAI	iShares U.S. Broker-Dealers & Securities Exchanges ETF	-11.0%	176.29	10012026	198.06	9032026	28
IHF	iShares U.S. Healthcare Providers ETF	-6.4%	54.37	10012026	58.11	7282026	65
KRE	State Street SPDR S&P Regional Banking ETF	-10.2%	69.95	10012026	77.93	8162026	46
MISL	First Trust Indxx Aerospace & Defense ETF	-15.1%	41.78	10012026	49.19	5282026	126
RING	iShares MSCI Global Gold Miners ETF	-18.5%	75.93	10012026	93.17	8252026	37
SOXQ	Invesco PHLX Semiconductor ETF	-12.3%	100.97	10012026	115.11	6222026	101
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	-5.2%	21.07	10012026	22.22	4202026	164
IGOV	iShares International Treasury Bond ETF	-6.2%	39.65	10012026	42.27	5102026	144
BOND	PIMCO Active Bond Exchange-Traded Fund	-5.1%	86.73	10012026	91.42	6292026	94
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	-5.5%	102.03	10012026	107.93	6292026	94
TLT	iShares 20+ Year Treasury Bond ETF	-9.7%	77.71	10012026	86.10	6292026	94
VGLT	Vanguard Long-Term Treasury ETF	-8.8%	50.07	10012026	54.89	6292026	94
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-8.9%	23.82	10012026	26.13	6292026	94
TLH	iShares 10-20 Year Treasury Bond ETF	-7.8%	92.02	10012026	99.78	6292026	94
EDV	Vanguard World Funds Extended Duration ETF	-15.0%	54.85	10012026	64.54	6242026	99
VCLT	Vanguard Long-Term Corporate Bond ETF	-8.1%	68.41	10012026	74.47	6292026	94
SPLB	State Street SPDR Portfolio Long Term Corporate Bond ETF	-8.3%	20.34	10012026	22.18	6292026	94
IGLB	iShares 10+ Year Investment Grade Corporate Bond ETF	-8.1%	45.56	10012026	49.56	6292026	94
MUB	iShares National Muni Bond ETF	-5.0%	101.34	10012026	106.69	7062026	87
VTEB	Vanguard Tax-Exempt Bond Index Fund	-5.3%	47.47	10012026	50.10	7062026	87
TFI	State Street SPDR Nuveen ICE Municipal Bond ETF	-5.3%	42.90	10012026	45.31	7052026	88
ITM	VanEck Intermediate Muni ETF	-5.4%	44.14	10012026	46.65	7062026	87
LMUB	iShares Long-Term National Muni Bond ETF	-7.8%	46.70	10012026	50.63	7052026	88
GLD	SPDR Gold Trust	-14.2%	382.76	10012026	445.93	4192026	165
IAU	iShares Gold Trust	-14.5%	78.10	10012026	91.34	4192026	165
GLDM	SPDR Gold MiniShares Trust	-14.0%	82.61	10012026	96.04	4192026	165
SLV	iShares Silver Trust	-31.3%	54.51	10012026	79.35	5132026	141
PPLT	ETFS Physical Platinum Shares	-20.7%	15.51	10012026	19.55	5132026	141
PALL	ETFS Physical Palladium Shares	-25.7%	21.47	10012026	28.89	4142026	170
USO	United States Oil Fund LP	-7.3%	150.02	10012026	161.86	9152026	16
UNG	United States Natural Gas Fund LP	-16.2%	10.16	10012026	12.12	6042026	119
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	10012026	60.13	5042026	150
VNQ	Vanguard Real Estate ETF	-10.9%	89.17	10012026	100.08	7282026	65
XLRE	State Street Real Estate Select Sector SPDR ETF	-11.6%	40.68	10012026	46.01	7282026	65
SCHH	Schwab U.S. REIT ETF	-12.1%	21.86	10012026	24.86	7262026	67
IYR	iShares U.S. Real Estate ETF	-11.9%	94.47	10012026	107.26	7282026	65
REET	iShares Global REIT ETF	-11.4%	25.59	10012026	28.89	7262026	67
USRT	iShares Core U.S. REIT ETF	-12.2%	61.27	10012026	69.82	7262026	67

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-09-30

Asset allocation rotation · Past week

Equity ETFs drew the largest net inflows (+$15.0B), followed by Bond (+$10.9B), while Commodity (−$5M) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$10.1B) and out of Mortgage Backed (−$1.2B).
Relative to fund size, ZROZ drew the largest inflow (+13.0% of AUM) and BKAG the largest outflow (−43.6%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$8.44B	+1.0%
2	VTEB	Vanguard Tax-Exempt Bond ETF	Bond Municipal	+$2.93B	+6.3%
3	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$2.64B	+0.5%
4	SHV	iShares Trust iShares 0-1 Year Treasury Bond ETF	Cash	+$2.17B	+9.8%
5	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$1.89B	+0.2%
6	BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	Cash	+$1.89B	+3.8%
7	MUB	iShares National Muni Bond ETF	Bond Municipal	+$1.8B	+3.9%
8	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$1.77B	+3.8%
9	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	+$1.68B	+10.1%
10	ACWX	iShares MSCI ACWI ex U.S. ETF	Other	+$1.39B	+8.0%

#	Ticker	Name	Type	Net flow	% of AUM
1	ZROZ	PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund	Other	+$244M	+13.0%
2	VCRM	Vanguard Core Tax-Exempt Bond E	Other	+$235M	+11.3%
3	VTES	Vanguard Short-Term Tax-Exempt Bond ETF	Other	+$361M	+10.8%
4	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	+$1.68B	+10.1%
5	SHV	iShares Trust iShares 0-1 Year Treasury Bond ETF	Cash	+$2.17B	+9.8%
6	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	+$109M	+8.6%
7	TBLL	Invesco Short Term Treasury ETF	Other	+$244M	+8.4%
8	FTXR	First Trust Nasdaq Transportation ETF	Other	+$83M	+8.1%
9	ACWX	iShares MSCI ACWI ex U.S. ETF	Other	+$1.39B	+8.0%
10	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$151M	+8.0%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	MBB	iShares MBS ETF	Bond Mortgage Backed	-$1.21B	-3.3%
2	BSV	Vanguard Short-Term Bond ETF	Other	-$994M	-2.2%
3	IEMG	iShares Core MSCI Emerging Markets ETF	Equity Emerging Markets	-$887M	-0.6%
4	BKAG	BNY Mellon Core Bond ETF	Other	-$859M	-43.6%
5	XLF	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	-$851M	-1.6%
6	QTEC	First Trust NASDAQ-100-Technology Sector Index Fund	Other	-$808M	-19.6%
7	XLE	State Street Energy Select Sector SPDR ETF	Equity Broad Sector	-$807M	-2.0%
8	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	-$578M	-1.2%
9	ARKK	ARK Innovation ETF	Equity Thematic	-$511M	-6.1%
10	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	-$511M	-0.1%

#	Ticker	Name	Type	Net flow	% of AUM
1	BKAG	BNY Mellon Core Bond ETF	Other	-$859M	-43.6%
2	QTEC	First Trust NASDAQ-100-Technology Sector Index Fund	Other	-$808M	-19.6%
3	USO	United States Oil Fund, LP	Commodity Energy	-$272M	-15.2%
4	MTBA	Simplify MBS ETF	Other	-$143M	-13.1%
5	FUTY	Fidelity MSCI Utilities Index ETF	Other	-$181M	-8.7%
6	JNK	State Street SPDR Bloomberg High Yield Bond ETF	Bond High Yield Corporate	-$410M	-6.2%
7	ARKK	ARK Innovation ETF	Equity Thematic	-$511M	-6.1%
8	XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	Equity Industry Subsector	-$211M	-5.7%
9	SBIL	Simplify Government Money Market ETF	Other	-$226M	-5.5%
10	PCY	Invesco Emerging Markets Sovereign Debt ETF	Other	-$59M	-4.9%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$32.8B), followed by Bond (+$23.6B), with every major asset class in net inflows.
Within the mix, money rotated into Municipal (+$8.3B) and out of Factor Smart Beta (−$4.5B).
Relative to fund size, CORO drew the largest inflow (+56.1% of AUM) and BKAG the largest outflow (−27.1%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$10.77B	+1.3%
2	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$6.78B	+6.1%
3	IUSB	iShares Core Universal USD Bond ETF	Bond Core Plus Multisector	+$5.75B	+13.1%
4	ACWX	iShares MSCI ACWI ex U.S. ETF	Other	+$5.46B	+43.6%
5	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$5.2B	+0.8%
6	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.76B	+56.1%
7	VTEB	Vanguard Tax-Exempt Bond ETF	Bond Municipal	+$4.61B	+9.9%
8	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$4.43B	+2.6%
9	MUB	iShares National Muni Bond ETF	Bond Municipal	+$3.74B	+8.3%
10	BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	Cash	+$3.68B	+7.7%

#	Ticker	Name	Type	Net flow	% of AUM
1	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.76B	+56.1%
2	ACWX	iShares MSCI ACWI ex U.S. ETF	Other	+$5.46B	+43.6%
3	BLCR	iShares Large Cap Core Active ETF	Other	+$2.61B	+38.4%
4	VTES	Vanguard Short-Term Tax-Exempt Bond ETF	Other	+$1.17B	+37.4%
5	PSEP	Innovator U.S. Equity Power Buffer ETF	Other	+$386M	+35.7%
6	GGOV	iShares Global Government Bond USD Hedged Active ETF	Bond International	+$975M	+31.4%
7	AGIX	KraneShares Public-Private AI & Technology ETF	Equity Thematic	+$307M	+28.1%
8	XAGG	Morgan Stanley ETF Trust - Eaton Vance Strategic Income Opportunities ETF	Other	+$403M	+24.6%
9	ZROZ	PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund	Other	+$398M	+24.0%
10	BKGI	BNY Mellon Global Infrastructure Income ETF	Other	+$381M	+23.8%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$12.77B	-1.2%
2	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$5.26B	-21.9%
3	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	-$4.55B	-0.9%
4	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$3.68B	-13.1%
5	MBB	iShares MBS ETF	Bond Mortgage Backed	-$2.67B	-6.9%
6	USHY	iShares Broad USD High Yield Corporate Bond ETF	Bond High Yield Corporate	-$1.9B	-6.9%
7	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	-$1.72B	-6.4%
8	DRAM	Roundhill Memory ETF	Other	-$1.62B	-6.2%
9	EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	Other	-$1.49B	-10.7%
10	EFG	iShares MSCI EAFE Growth ETF	Other	-$1.36B	-8.3%

#	Ticker	Name	Type	Net flow	% of AUM
1	BKAG	BNY Mellon Core Bond ETF	Other	-$657M	-27.1%
2	MTBA	Simplify MBS ETF	Other	-$337M	-26.1%
3	SCMB	Schwab Municipal Bond ETF	Other	-$911M	-25.6%
4	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$5.26B	-21.9%
5	PWV	Invesco Large Cap Value ETF	Other	-$407M	-21.5%
6	USO	United States Oil Fund, LP	Commodity Energy	-$387M	-19.2%
7	SNXX	Tradr 2X Long SNDK Daily ETF	Other	-$351M	-19.0%
8	QTEC	First Trust NASDAQ-100-Technology Sector Index Fund	Other	-$872M	-18.9%
9	CTA	Simplify Managed Futures Strategy ETF	Other	-$265M	-17.0%
10	EWG	iShares MSCI Germany ETF	Other	-$232M	-14.6%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$156.1B), followed by Bond (+$63.2B), with every major asset class in net inflows.
Within the mix, money rotated into US Large Cap Core (+$37.8B) and out of Intermediate Treasury (−$3.8B).
Relative to fund size, CNEQ drew the largest inflow (+174.2% of AUM) and FTXL the largest outflow (−72.6%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$29.54B	+2.8%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$21.43B	+2.7%
3	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$16.95B	+16.4%
4	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$15.73B	+2.3%
5	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$15.06B	+8.9%
6	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$13.26B	+2.7%
7	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$10.06B	+9.2%
8	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$9.79B	+21.4%
9	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$8.42B	+5.2%
10	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$8.02B	+7.8%

#	Ticker	Name	Type	Net flow	% of AUM
1	CNEQ	Alger Concentrated Equity ETF	Other	+$2.41B	+174.2%
2	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$1.25B	+85.7% ⚠
3	BFLX	iShares Flexible Equity Active ETF	Other	+$1.42B	+83.7%
4	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$1.29B	+81.5%
5	VTES	Vanguard Short-Term Tax-Exempt Bond ETF	Other	+$1.48B	+65.0%
6	BKGI	BNY Mellon Global Infrastructure Income ETF	Other	+$831M	+61.8%
7	ZROZ	PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund	Other	+$783M	+56.5%
8	XAGG	Morgan Stanley ETF Trust - Eaton Vance Strategic Income Opportunities ETF	Other	+$705M	+50.0%
9	ACWX	iShares MSCI ACWI ex U.S. ETF	Other	+$6.13B	+50.0%
10	BLCR	iShares Large Cap Core Active ETF	Other	+$3.03B	+45.3%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$28.64B	-3.2%
2	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$6.68B	-26.6%
3	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$4.74B	-14.4%
4	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$3.31B	-7.7%
5	XLE	State Street Energy Select Sector SPDR ETF	Equity Broad Sector	-$2.28B	-5.7%
6	IWF	iShares Russell 1000 Growth ETF	Equity US Large Growth	-$2.09B	-1.7%
7	MBB	iShares MBS ETF	Bond Mortgage Backed	-$2.02B	-5.2%
8	SCZ	iShares MSCI EAFE Small-Cap ETF	Equity International Small Cap	-$1.83B	-13.8%
9	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$1.74B	-12.5%
10	XLF	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	-$1.66B	-3.0%

#	Ticker	Name	Type	Net flow	% of AUM
1	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$966M	-72.6%
2	USO	United States Oil Fund, LP	Commodity Energy	-$742M	-36.3%
3	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	-$648M	-35.8%
4	TAN	Invesco Solar ETF	Other	-$439M	-33.5%
5	MTBA	Simplify MBS ETF	Other	-$409M	-27.7%
6	KRE	State Street SPDR S&P Regional Banking ETF	Equity Industry Subsector	-$1.2B	-27.6%
7	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$336M	-27.0%
8	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$6.68B	-26.6%
9	RSPN	Invesco S&P 500 Equal Weight Industrials ETF	Other	-$277M	-25.9%
10	BKAG	BNY Mellon Core Bond ETF	Other	-$502M	-22.3%

Largest ETF fund flows across ~2639 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About MISL

Holdings Count: 39
Expense Ratio: 0.6%
Inception Date: 2022-10-25

First Trust Indxx Aerospace & Defense ETF
The First Trust Indxx Aerospace & Defense ETF aims to mirror the financial performance, specifically the capital appreciation and income generation, of the Indxx US Aerospace & Defense Index, before factoring in its operational costs. Typically, under ordinary market circumstances, the Fund allocates a minimum of 80% of its net assets, including any capital acquired through borrowing, to the equity securities composing that benchmark index.
Asset Class: Sector Equity | ETF Website

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MAT	Mattel	4.3	18.8%	-24.2%
ACN	Accenture	130.0	15.8%	-18.8%
EVCM	EverCommerce	1.7	14.2%	-18.3%
SNPS	Synopsys	93.9	12.8%	4.4%
TDAY	USA Today	1.0	12.2%	37.1%
FICO	Fair Isaac	15.0	11.7%	-60.9%
EFXT	Enerflex	3.1	11.6%	65.5%
COHR	Coherent	62.4	10.9%	72.9%
WOLF	Wolfspeed	-	10.8%	79.0%
EFOR	Everforth	1.5	10.0%	90.8%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
NKTR	Nektar Therapeutics	1.6	-22.4%	11.1%
ACRS	Aclaris Therapeutics	0.6	-16.2%	46.5%
EMAT	Evolution Metals & Technologies	1.3	-15.5%	-89.9%
EPRX	Eupraxia Pharmaceuticals	0.5	-14.0%	3.7%
CYPH	Cypherpunk Technologies	0.5	-12.3%	151.7%
SGML	Sigma Lithium	0.9	-11.3%	-36.8%
UMAC	Unusual Machines	1.1	-11.0%	71.0%
PSKY	Paramount Skydance	10.4	-9.6%	-30.3%
ANGX	Angel Studios	0.8	-9.4%	-9.4%
SHAZ	SharonAI	0.9	-8.7%	-46.1%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
KOD	Kodiak Sciences	6.2	196.4%	252.1%
PACB	Pacific Biosciences of California	0.8	58.9%	34.2%
IOVA	Iovance Biotherapeutics	6.4	31.8%	421.2%
DNA	Ginkgo Bioworks	0.8	22.0%	50.4%
LIND	Lindblad Expeditions	2.2	21.9%	133.2%
UTHR	United Therapeutics	24.3	21.0%	17.3%
VIAV	Viavi Solutions	10.7	20.3%	151.3%
MNKD	MannKind	1.2	20.1%	-30.3%
ACN	Accenture	130.0	19.7%	-18.8%
EVCM	EverCommerce	1.7	18.9%	-18.3%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
LQDA	Liquidia	2.5	-60.5%	-18.8%
QURE	uniQure	1.5	-39.0%	-2.3%
EMAT	Evolution Metals & Technologies	1.3	-32.9%	-89.9%
CYPH	Cypherpunk Technologies	0.5	-28.4%	151.7%
OCUL	Ocular Therapeutix	1.6	-25.8%	-40.0%
GLAS	Glass House Brands	0.5	-25.6%	-39.9%
FICO	Fair Isaac	15.0	-22.7%	-60.9%
NKTR	Nektar Therapeutics	1.6	-20.9%	11.1%
BXBL	BOXABL	9.6	-20.3%	-67.3%
WGS	GeneDx	2.1	-19.8%	-45.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
KOD	Kodiak Sciences	6.2	165.7%	252.1%
SECZ	Securitize	2.0	119.8%	11.7%
PACB	Pacific Biosciences of California	0.8	96.1%	34.2%
DNA	Ginkgo Bioworks	0.8	80.4%	50.4%
VICR	Vicor	14.2	75.3%	181.6%
IOVA	Iovance Biotherapeutics	6.4	71.9%	421.2%
CYPH	Cypherpunk Technologies	0.5	70.8%	151.7%
GRAL	GRAIL	5.7	66.1%	54.9%
MXL	MaxLinear	8.3	60.0%	428.5%
COHU	Cohu	3.3	59.3%	202.3%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
CTVA	Corteva	8.4	-85.7%	-81.1%
LQDA	Liquidia	2.5	-58.2%	-18.8%
XNDU	Xanadu Quantum Technologies	1.3	-54.9%	-61.0%
QURE	uniQure	1.5	-51.2%	-2.3%
ALHC	Alignment Healthcare	1.6	-43.0%	-60.8%
RARE	Ultragenyx Pharmaceutical	1.5	-42.9%	-35.9%
METC	Ramaco Resources	0.5	-40.5%	-53.7%
FICO	Fair Isaac	15.0	-40.0%	-60.9%
EMAT	Evolution Metals & Technologies	1.3	-38.8%	-89.9%
GLAS	Glass House Brands	0.5	-37.3%	-39.9%

Peer Comparisons

Peers to compare with:

Profile

	MISL	SMH	SOXX	IBB	XBI	ITA	Median
Name	First Trus.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
Asset Class	Equity	Equity	Equity	Equity	Equity	Equity	-
AUM ($ Bil)	0.7	74.6	48.2	10.7	10.2	12.5	11.6
Expense Ratio	0.60%	0.35%	0.33%	0.44%	0.35%	0.37%	0.36%
10-D Avg Volume (Mil)	0.10	9.90	9.37	1.55	8.87	0.74	5.21
Latest Day Volume (Mil)	0.09	3.30	3.48	0.65	5.22	-	3.30
Holdings Count	39	26	30	243	165	50	44
Inception Date	10/25/2022	12/20/2011	7/9/2001	2/4/2001	1/31/2006	4/30/2006	-

Fundamentals

	MISL	SMH	SOXX	IBB	XBI	ITA	Median
Name	First Trus.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
Net Asset Value	41.85	606.67	565.86	209.30	154.93	212.52	-
Premium/Discount	-0.2%	1.8%	1.9%	-1.6%	-0.3%	-2.1%	-0.2%
Distribution Yield	0.4%	0.2%	0.3%	0.2%	0.4%	0.0%	0.2%
Sales Yield	40.0%	6.7%	7.1%	15.6%	16.0%	35.8%	15.8%
Earnings Yield	3.2%	2.2%	1.8%	2.6%	2.7%	3.2%	2.6%

Valuation

	MISL	SMH	SOXX	IBB	XBI	ITA	Median
Name	First Trus.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
P/S (TTM)	2.5x	15.0x	14.1x	6.4x	6.2x	2.8x	6.3x
P/E (TTM)	31.5x	46.5x	56.3x	38.4x	37.7x	30.8x	38.1x
P/FCF (TTM)	29.3x	56.9x	64.5x	27.5x	42.1x	30.9x	36.5x
Forward P/E	-	-	-	-	-	25.0x	25.0x
Forward P/S	-	-	-	-	-	2.5x	2.5x

Risk

	MISL	SMH	SOXX	IBB	XBI	ITA	Median
Name	First Trus.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
Volatility (1Y)	25.6%	39.9%	46.3%	21.9%	28.2%	23.2%	26.9%
Volatility (3Y)	20.9%	37.0%	39.7%	21.1%	28.0%	20.2%	24.6%
Volatility (5Y)	19.8%	36.8%	38.7%	22.3%	32.4%	20.3%	27.3%
Beta (1Y)	1.20	2.37	2.60	0.79	1.06	1.03	1.13
Beta (3Y)	0.87	1.98	2.06	0.82	1.04	0.85	0.96
Beta (5Y)	0.82	1.76	1.82	0.86	1.16	0.81	1.01
Sharpe Ratio (1Y)	0.16	1.81	1.87	1.74	1.69	0.09	1.71
Sharpe Ratio (3Y)	1.18	1.53	1.32	0.93	1.03	1.26	1.22
Sharpe Ratio (5Y)	1.03	1.02	0.88	0.27	0.26	0.81	0.85
Max Drawdown (1Y)	-18.4%	-24.6%	-29.0%	-9.6%	-10.5%	-18.2%	-18.3%
Max Drawdown (3Y)	-18.4%	-35.7%	-41.4%	-24.9%	-33.0%	-18.2%	-28.9%
Max Drawdown (5Y)	-18.4%	-45.3%	-45.8%	-39.0%	-53.2%	-18.7%	-42.2%

Returns

	MISL	SMH	SOXX	IBB	XBI	ITA	Median
Name	First Trus.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
1M Return	-3.9%	13.3%	15.2%	-2.3%	-5.4%	-7.7%	-3.1%
3M Return	-10.8%	4.3%	1.8%	5.2%	-3.7%	-16.2%	-1.0%
6M Return	-8.6%	57.6%	70.3%	21.1%	20.2%	-6.9%	20.6%
YTD Return	-2.4%	71.6%	91.6%	22.1%	26.7%	-3.0%	24.4%
1Y Return	0.8%	89.9%	113.1%	42.9%	54.7%	-0.4%	48.8%
2Y Return	34.4%	146.4%	146.1%	43.3%	58.0%	42.3%	50.6%
3Y Return	96.5%	345.1%	282.7%	69.3%	112.2%	101.3%	106.8%

Short Interest

Short Interest: As Of Date	9152026
Short Interest: Shares Quantity	0.0 Mil
Short Interest: % Change Since 8312026	386.6%
Average Daily Volume	0.1 Mil
Days-to-Cover Short Interest	1

External Quote Links

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1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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First Trust Indxx Aerospace & Defense ETF (MISL)

Market Price (10/2/2026): $41.78

First Trust Indxx Aerospace & Defense ETF (MISL)

Market Price (10/2/2026): $41.78

Key Takeaways

Price Chart

Asset Allocation with MISL

Valuation & Yield

Top 20 Holdings for MISL

Performance for MISL Top Holdings

Guidance Updates for MISL Top Holdings

Return vs. Risk

Price Returns Compared

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How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

MISL Dip Buy History

Current Dip Buy Opportunities Across ETFs

ETF Fund Flows

Asset allocation rotation · Past week

Asset allocation rotation · Past month

Asset allocation rotation · Past 3 months

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