First Trust Indxx Aerospace & Defense ETF (MISL)

Market Price (11/11/2026): $42.42

First Trust Indxx Aerospace & Defense ETF (MISL)

Market Price (11/11/2026): $42.42

Key Takeaways

MISL has returned -0.7% YTD vs +10.6% for SPY; +1.2% over the past 12 months (SPY +11.0%). details →
Priced in gold, MISL has returned -12.2% over the past 3 years, vs +84.1% in dollars — its dollar gains have lagged gold. details →
Over the past month, MISL has seen net outflows of −$162M (−24.1% of assets). details →
MISL's portfolio trades at 28.3x forward earnings — a 223% premium to SPY (8.8x). details →
MISL's top 10 holdings represent 61% of the fund vs 37% for SPY — a more concentrated portfolio. details →

Last updated: 11/10/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with MISL

Risk Tolerance:

ConservativeModerateAggressive

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

10Y Return (ann.)

+7.5%

Volatility

8.0%

Sharpe

0.60

YTD

+0.8%

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%	0.8%	0.3%	0.8%	-0.7%
Bond	BND	50.0%	-0.7%	-0.1%	1.6%	-0.7%
Gold	GLD	10.0%	-2.7%	2.8%	-3.3%	-6.8%
Commodity	DBC	2.5%	-0.7%	-5.2%	-7.7%	37.6%
Real Estate	VNQ	5.0%	-0.2%	2.2%	6.3%	12.8%
Bitcoin	BTCUSD	0.0%	-0.6%	-3.3%	-8.5%	-14.5%
Cash	GOVT	7.5%	-0.6%	-0.2%	1.3%	-1.1%
Conservative Portfolio		100.0%	-0.5%	0.3%	0.9%	0.3%

	ETF	%	1D	1W	1M	YTD
Equity	MISL	55.0%	0.8%	0.3%	0.8%	-0.7%
Bond	BND	25.0%	-0.7%	-0.1%	1.6%	-0.7%
Gold	GLD	7.0%	-2.7%	2.8%	-3.3%	-6.8%
Commodity	DBC	4.0%	-0.7%	-5.2%	-7.7%	37.6%
Real Estate	VNQ	5.0%	-0.2%	2.2%	6.3%	12.8%
Bitcoin	BTCUSD	2.0%	-0.6%	-3.3%	-8.5%	-14.5%
Cash	GOVT	2.0%	-0.6%	-0.2%	1.3%	-1.1%
Moderate Portfolio		100.0%	0.0%	0.2%	0.5%	0.8%

	ETF	%	1D	1W	1M	YTD
Equity	MISL	80.0%	0.8%	0.3%	0.8%	-0.7%
Bond	BND	5.0%	-0.7%	-0.1%	1.6%	-0.7%
Gold	GLD	3.0%	-2.7%	2.8%	-3.3%	-6.8%
Commodity	DBC	2.2%	-0.7%	-5.2%	-7.7%	37.6%
Real Estate	VNQ	4.5%	-0.2%	2.2%	6.3%	12.8%
Bitcoin	BTCUSD	5.2%	-0.6%	-3.3%	-8.5%	-14.5%
Cash	GOVT	0.0%	-0.6%	-0.2%	1.3%	-1.1%
Aggressive Portfolio		100.0%	0.5%	0.1%	0.3%	-0.1%

	ETF	%	Return	Volatility	Sharpe
Equity	MISL	25.0%	0.0%	11.3%	0.42
Bond	BND	50.0%	1.4%	5.3%	-0.25
Gold	GLD	10.0%	11.7%	15.6%	0.60
Commodity	DBC	2.5%	7.5%	17.5%	0.33
Real Estate	VNQ	5.0%	5.9%	17.6%	0.25
Bitcoin	BTCUSD	0.0%	59.5%	76.4%	0.92
Cash	GOVT	7.5%	0.5%	5.0%	-0.45
Conservative Portfolio		100.0%	4.4%	6.0%	0.27

	ETF	%	Return	Volatility	Sharpe
Equity	MISL	55.0%	0.0%	11.3%	0.42
Bond	BND	25.0%	1.4%	5.3%	-0.25
Gold	GLD	7.0%	11.7%	15.6%	0.60
Commodity	DBC	4.0%	7.5%	17.5%	0.33
Real Estate	VNQ	5.0%	5.9%	17.6%	0.25
Bitcoin	BTCUSD	2.0%	59.5%	76.4%	0.92
Cash	GOVT	2.0%	0.5%	5.0%	-0.45
Moderate Portfolio		100.0%	7.5%	8.0%	0.60

	ETF	%	Return	Volatility	Sharpe
Equity	MISL	80.0%	0.0%	11.3%	0.42
Bond	BND	5.0%	1.4%	5.3%	-0.25
Gold	GLD	3.0%	11.7%	15.6%	0.60
Commodity	DBC	2.2%	7.5%	17.5%	0.33
Real Estate	VNQ	4.5%	5.9%	17.6%	0.25
Bitcoin	BTCUSD	5.2%	59.5%	76.4%	0.92
Cash	GOVT	0.0%	0.5%	5.0%	-0.45
Aggressive Portfolio		100.0%	10.8%	10.8%	0.75

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

Learn More →

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

Learn More →

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

Top 20 Holdings for MISL

Total Weights
Top 5: 38.2% | Top 10: 60.7% | Top 20: 87.0%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		99.82%	100.00%	100.00%	2.5	28.3	+10.5%	+14.7%
Top 20		86.95%	81.50%	89.09%	2.7	28.7	+10.7%	+14.9%
GE	GE Aerospace	8.65%	3.73%	7.41%	6.2	36.7	+11.7%	+12.5%
RTX	RTX	8.64%	8.77%	8.82%	2.6	24.7	+8.1%	+8.2%
BA	Boeing	7.53%	14.90%	13.80%	1.3	122.6	+12.8%	—
SPCX	Space Exploration Technologies	6.77%	0.36%	—	11.3	89.9	+236.0%	+662.0%
PLTR	Palantir Technologies	6.65%	0.34%	1.98%	32.0	63.2	+54.0%	+50.7%
LMT	Lockheed Martin	4.72%	7.70%	7.28%	1.6	18.2	+7.3%	+8.2%
GD	General Dynamics	4.46%	7.27%	6.88%	1.7	19.3	+5.3%	+9.7%
TDG	TransDigm	4.45%	1.94%	4.44%	5.8	24.3	+7.2%	+14.6%
LHX	L3Harris Technologies	4.44%	5.94%	5.93%	2.0	19.9	+7.0%	+10.2%
NOC	Northrop Grumman	4.42%	7.08%	8.43%	1.7	18.4	+6.4%	-0.5%
HEI	Heico	4.36%	1.34%	2.52%	8.0	46.3	+8.7%	+12.7%
HONA	Honeywell Aerospace	4.01%	3.92%	2.48%	2.7	19.2	+7.7%	+11.9%
HWM	Howmet Aerospace	3.84%	1.23%	2.98%	7.5	33.4	+13.8%	+19.6%
RKLB	Rocket Lab	3.11%	0.19%	—	30.7	—	+42.2%	—
WWD	Woodward	2.10%	1.27%	1.92%	4.1	29.5	+9.9%	+18.2%
FTAI	FTAI Aviation	2.01%	1.02%	1.81%	3.1	15.8	+70.0%	+134.5%
LDOS	Leidos	1.86%	5.56%	5.09%	0.9	11.5	+2.6%	-12.8%
CW	Curtiss-Wright	1.82%	1.11%	1.90%	4.3	26.8	+8.4%	+13.3%
TXT	Textron	1.62%	4.84%	3.50%	0.9	11.6	+5.5%	+8.4%
CACI	CACI International	1.52%	2.97%	1.89%	1.3	17.9	+6.7%	+14.2%

[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 11/30/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 11/30/27.
[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 11/10	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
MISL	First Trust Indxx Aerospace & Defense ETF	100.00%	42.51	0.8%	0.6%	-0.7%	1.2%	84.1%
GE	GE Aerospace	8.65%	337.91	0.7%	9.6%	10.2%	8.9%	273.7%	414.9%	152.5%
RTX	RTX	8.64%	200.27	2.0%	7.7%	10.4%	13.5%	158.6%	150.4%	294.4%
BA	Boeing	7.53%	173.38	0.6%	-8.9%	-20.1%	-11.0%	-11.8%	-21.0%	25.9%
SPCX	Space Exploration Technologies	6.77%	143.09	0.7%	-12.0%
PLTR	Palantir Technologies	6.65%	168.82	-0.2%	-19.2%	-5.0%	-12.8%	758.3%	634.3%
LMT	Lockheed Martin	4.72%	603.12	2.5%	18.4%	27.0%	36.9%	46.9%	105.3%	203.0%
GD	General Dynamics	4.46%	367.44	1.5%	10.9%	11.1%	7.0%	59.9%	104.7%	170.7%
TDG	TransDigm	4.45%	1,225.54	0.5%	10.6%	-7.8%	-4.9%	44.5%	124.7%	558.8%
LHX	L3Harris Technologies	4.44%	275.96	1.7%	16.5%	-4.8%	-5.5%	60.5%	39.2%	221.7%
NOC	Northrop Grumman	4.42%	548.61	1.8%	14.1%	-2.6%	-1.0%	24.5%	65.3%	160.3%
HEI	Heico	4.36%	345.09	0.7%	15.7%	6.7%	4.4%	109.3%	137.3%	828.4%
HONA	Honeywell Aerospace	4.01%	166.47	1.0%	5.4%
HWM	Howmet Aerospace	3.84%	219.05	1.3%	-2.7%	7.1%	4.7%	345.6%	594.5%	1,481.8%
RKLB	Rocket Lab	3.11%	62.71	6.5%	-8.1%	-10.1%	20.8%	1,335.0%	340.7%
WWD	Woodward	2.10%	334.13	0.4%	-0.4%	10.8%	23.5%	151.3%	192.0%	459.9%
FTAI	FTAI Aviation	2.01%	188.00	-5.2%	10.9%	-3.7%	14.8%	376.0%	929.9%	2,879.3%
LDOS	Leidos	1.86%	137.24	1.1%	12.8%	-23.2%	-29.5%	37.1%	58.2%	244.8%
CW	Curtiss-Wright	1.82%	477.92	-0.9%	-6.8%	-13.2%	-18.6%	132.0%	267.0%	424.8%
TXT	Textron	1.62%	86.82	1.7%	17.1%	-0.3%	5.9%	14.4%	13.5%	96.8%
CACI	CACI International	1.52%	647.57	1.2%	6.0%	21.5%	9.4%	98.7%	129.2%	431.9%

Guidance Updates for MISL Top Holdings

	Ticker	Company	Earnings Date	Guidance Metric	Midpoint Value	% Change	Guidance Change
HWM_10292026	HWM	Howmet Aerospace	10/29/2026	Q4 2026 Revenue	2.75 Bil	6.8%	Higher NewNew Guidance Higher than Prior Actual of 2.58 Bil for Q3 2026
PLTR_11022026	PLTR	Palantir Technologies	11/2/2026	Q4 2026 Revenue	2.65 Bil	22.6%	Higher NewNew Guidance Higher than Prior Actual of 2.16 Bil for Q3 2026
RKLB_11092026	RKLB	Rocket Lab	11/9/2026	Q4 2026 Revenue	280.00 Mil	8.7%	Higher NewNew Guidance Higher than Prior Actual of 257.50 Mil for Q3 2026
TDG_11102026	TDG	TransDigm	11/10/2026	2027 Net Sales	12.05 Bil	14.7%	Higher NewNew Guidance Higher than Prior Actual of 10.51 Bil for 2026

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
MISL Return	-	8%	15%	20%	41%	-1%	110%
Peers Return	15%	-20%	33%	13%	40%	27%	146%
S&P 500 Return	27%	-19%	24%	23%	16%	10%	101%
Monthly Win Rates [3]
MISL Win Rate	-	100%	58%	58%	83%	45%
Peers Win Rate	58%	42%	62%	57%	67%	62%
S&P 500 Win Rate	75%	42%	67%	75%	67%	36%
Max Drawdowns [4]
MISL Max Drawdown	-	-	-10%	-10%	-16%	-23%
Peers Max Drawdown	-20%	-37%	-19%	-18%	-26%	-23%
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 11/10/2026 (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	-0.16	0.89	0.80
Equity Top Results (3Y)
IALT	1.80	1.80	1.80
VLUE	1.93	1.48	0.71
CGDV	0.86	1.39	0.87
FNDX	1.87	1.39	0.67
MGV	1.88	1.38	0.69

Results as of 10312026.

null

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.

null

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%			-12%	3
4/15/2026	-7%	1%			-17%	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 11/10/2026

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%			-6%	28
7/10/2026	-12%	11%			-12%	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 11/10/2026

MISL had 1 events since 10/26/2022 where the dip threshold of -20% within 180 trading days was triggered

null median peak return within 1 year of dip event
N/A days is the median time to peak return after a dip event
null median max drawdown within 1 year of dip event

180 Trading-Day Dip			MISL Subsequent Performance
Date	MISL	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median
11/5/2026	-21%	8%			0%	5

[1] Dip event: the stock fell more than 20% over 180 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 11/10/2026

Get Notified
Alerts when dip buy opportunities arise.

Notify Me →

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
OEF	iShares S&P 100 ETF	-5.2%	369.09	11102026	389.44	10072026	34
XLG	Invesco S&P 500 Top 50 ETF	-6.8%	60.62	11102026	65.07	10072026	34
MAGS	Roundhill Magnificent Seven ETF	-7.7%	68.55	11102026	74.30	10132026	28
QQQ	Invesco QQQ Trust, Series 1	-11.2%	674.76	11102026	759.66	10062026	35
QQQM	Invesco NASDAQ 100 ETF	-11.2%	277.87	11102026	312.76	10062026	35
ONEQ	Fidelity Nasdaq Composite Index ETF	-9.1%	98.82	11102026	108.77	10062026	35
QQEW	First Trust Nasdaq-100 Select Equal Weight ETF	-12.0%	146.96	11102026	167.03	8132026	89
IJH	iShares Core S&P Mid-Cap ETF	-5.8%	74.13	11102026	78.67	8162026	86
MDY	State Street SPDR S&P MIDCAP 400 ETF Trust	-5.7%	676.30	11102026	716.91	8162026	86
IVOO	Vanguard S&P Mid-Cap 400 ETF	-5.4%	125.53	11102026	132.68	8162026	86
IJR	iShares Core S&P Small-Cap ETF	-6.1%	141.19	11102026	150.44	8162026	86
IWM	iShares Russell 2000 ETF	-8.0%	280.58	11102026	305.09	8162026	86
SCHA	Schwab U.S. Small-Cap ETF	-8.0%	33.23	11102026	36.13	6302026	133
VTWO	Vanguard Russell 2000 ETF	-7.8%	113.34	11102026	122.90	8162026	86
DFAS	Dimensional U.S. Small Cap ETF	-5.3%	79.99	11102026	84.48	8162026	86
VUG	Vanguard Growth ETF	-9.5%	83.82	11102026	92.64	10062026	35
IWF	iShares Russell 1000 Growth ETF	-11.7%	114.02	11102026	129.19	10062026	35
IVW	iShares S&P 500 Growth ETF	-9.7%	132.00	11102026	146.12	10062026	35
SCHG	Schwab U.S. Large-Cap Growth ETF	-8.3%	33.85	11102026	36.93	10062026	35
SPYG	State Street SPDR Portfolio S&P 500 Growth ETF	-9.7%	114.24	11102026	126.50	10062026	35
VONG	Vanguard Russell 1000 Growth ETF	-11.7%	117.41	11102026	133.00	10062026	35
MGK	Vanguard Mega Cap Growth ETF	-10.3%	85.30	11102026	95.11	10062026	35
IWP	iShares Russell Mid-Cap Growth ETF	-12.7%	128.90	11102026	147.70	8172026	85
VOT	Vanguard Mid-Cap Growth ETF	-8.4%	287.20	11102026	313.61	8162026	86
IJK	iShares S&P Mid-Cap 400 Growth ETF	-8.3%	109.23	11102026	119.11	8172026	85
MDYG	State Street SPDR S&P 400 Mid Cap Growth ETF	-8.4%	104.12	11102026	113.69	8172026	85
IWO	iShares Russell 2000 Growth ETF	-10.5%	354.20	11102026	395.65	8162026	86
VBK	Vanguard Small-Cap Growth ETF	-10.0%	329.15	11102026	365.91	8172026	85
IJT	iShares S&P Small-Cap 600 Growth ETF	-7.5%	165.56	11102026	179.07	8042026	98
SLYG	State Street SPDR S&P 600 Small Cap Growth ETF	-7.5%	110.53	11102026	119.50	8042026	98
AVUV	Avantis U.S. Small Cap Value ETF	-5.1%	122.17	11102026	128.74	8042026	98
IWN	iShares Russell 2000 Value ETF	-5.5%	214.96	11102026	227.43	8162026	86
IJS	iShares S&P Small-Cap 600 Value ETF	-5.1%	133.50	11102026	140.68	8162026	86
SLYV	State Street SPDR S&P 600 Small Cap Value ETF	-5.2%	106.42	11102026	112.22	8162026	86
VXUS	Vanguard Total International Stock ETF	-6.5%	82.66	11102026	88.41	9072026	64
VEU	Vanguard FTSE All-World Ex-US ETF	-6.1%	80.92	11102026	86.21	9072026	64
IXUS	iShares Core MSCI Total International Stock ETF	-6.2%	92.57	11102026	98.71	9072026	64
CWI	State Street SPDR MSCI ACWI ex-US ETF	-6.3%	39.28	11102026	41.90	9072026	64
CORO	iShares International Country Rotation Active ETF	-6.6%	35.06	11102026	37.54	9072026	64
VEA	Vanguard FTSE Developed Markets ETF	-5.8%	69.36	11102026	73.61	8252026	77
SCHF	Schwab International Equity ETF	-5.7%	26.95	11102026	28.59	8252026	77
SCZ	iShares MSCI EAFE Small-Cap ETF	-5.1%	83.08	11102026	87.57	9072026	64
VSS	Vanguard FTSE All-World EX-US Small-Cap Index Fund	-8.0%	148.53	11102026	161.45	8272026	75
SCHC	Schwab International Small-Cap Equity ETF	-7.1%	48.20	11102026	51.86	8272026	75
IEMG	iShares Core MSCI Emerging Markets ETF	-14.2%	73.77	11102026	86.00	6222026	141
VWO	Vanguard FTSE Emerging Markets ETF	-7.9%	56.49	11102026	61.32	9072026	64
EEM	iShares MSCI Emerging Markets ETF	-14.9%	60.57	11102026	71.21	6222026	141
SPEM	State Street SPDR Portfolio Emerging Markets ETF	-7.9%	49.18	11102026	53.41	9072026	64
SCHE	Schwab Emerging Markets Equity ETF	-7.6%	34.74	11102026	37.58	9072026	64
FNDE	Schwab Fundamental Emerging Markets Equity ETF	-6.0%	40.48	11102026	43.08	9072026	64
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-18.1%	30.56	11102026	37.30	6222026	141
EWY	iShares MSCI South Korea ETF	-36.5%	139.18	11102026	219.20	6212026	142
EWZ	iShares MSCI Brazil ETF	-26.2%	32.15	11102026	43.54	10122026	29
FXI	iShares China Large-Cap ETF	-10.1%	34.41	11102026	38.26	5132026	181
ILF	iShares Latin America 40 ETF	-15.2%	32.40	11102026	38.21	10122026	29
KWEB	KraneShares CSI China Internet ETF	-21.3%	24.06	11102026	30.59	5132026	181
CGDV	Capital Group Dividend Value ETF	-5.8%	48.48	11102026	51.44	8132026	89
JEPQ	J.P. Morgan Nasdaq Equity Premium Income ETF	-8.0%	55.82	11102026	60.70	10072026	34
QQQI	NEOS Nasdaq 100 High Income ETF	-9.3%	50.78	11102026	56.00	10062026	35
QYLD	Global X Funds Global X NASDAQ-100 Covered Call ETF	-6.1%	17.59	11102026	18.74	10152026	26
DYNF	iShares U.S. Equity Factor Rotation Active ETF	-6.1%	66.40	11102026	70.68	10062026	35
MTUM	iShares MSCI USA Momentum Factor ETF	-22.7%	66.73	11102026	86.31	6222026	141
SPHQ	Invesco S&P 500 Quality ETF	-7.3%	83.53	11102026	90.10	6302026	133
FNDA	Schwab Fundamental U.S. Small Company ETF	-5.6%	36.36	11102026	38.52	8162026	86
SPMO	Invesco S&P 500 Momentum ETF	-19.8%	129.64	11102026	161.66	6222026	141
VLUE	iShares MSCI USA Value Factor ETF	-9.1%	186.89	11102026	205.51	9072026	64
ARKK	ARK Innovation ETF	-16.9%	77.10	11102026	92.78	10052026	36
URA	Global X Uranium ETF	-39.0%	33.15	11102026	54.35	5122026	182
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-24.2%	31.57	11102026	41.63	5132026	181
ROBO	ROBO Global Robotics & Automation Index ETF	-19.6%	72.59	11102026	90.34	6022026	161
LIT	Global X Lithium & Battery Tech ETF	-33.0%	59.98	11102026	89.58	5132026	181
ICLN	iShares Global Clean Energy ETF	-32.0%	16.14	11102026	23.75	6022026	161
ARKQ	ARK Autonomous Technology & Robotics ETF	-23.6%	109.84	11102026	143.82	5282026	166
ARKW	ARK Next Generation Internet ETF	-15.2%	141.94	11102026	167.33	10062026	35
ARKX	ARK Space & Defense Innovation ETF	-20.7%	29.93	11102026	37.74	5282026	166
NASA	Tema Space Innovators ETF	-49.1%	21.34	11102026	41.89	5272026	167
THRO	iShares U.S. Thematic Rotation Active ETF	-6.0%	42.24	11102026	44.92	10062026	35
XOVR	EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF	-10.4%	20.10	11102026	22.43	10052026	36
AGIX	KraneShares Artificial Intelligence ETF	-19.9%	39.69	11102026	49.56	10062026	35
DRSK	Aptus Defined Risk ETF	-7.7%	27.14	11102026	29.39	6012026	162
ALLW	SSGA Active Trust State Street Bridgewater All Weather ETF	-5.5%	28.75	11102026	30.44	8252026	77
PCEF	Invesco CEF Income Composite ETF	-5.8%	19.18	11102026	20.35	8132026	89
YYY	Amplify CEF High Income ETF	-8.7%	10.38	11102026	11.37	8162026	86
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fund	-26.4%	52.51	11102026	71.30	8252026	77
RAAX	VanEck Real Assets ETF	-10.0%	38.43	11102026	42.69	5122026	182
VGT	Vanguard Information Technology ETF	-14.9%	110.52	11102026	129.80	10062026	35
XLK	State Street Technology Select Sector SPDR ETF	-16.4%	168.91	11102026	202.00	10062026	35
XLE	State Street Energy Select Sector SPDR ETF	-11.2%	62.21	11102026	70.02	11012026	9
XLI	State Street Industrial Select Sector SPDR ETF	-9.5%	168.73	11102026	186.51	8162026	86
XLC	State Street Communication Services Select Sector SPDR ETF	-7.7%	107.76	11102026	116.81	5142026	180
XLU	State Street Utilities Select Sector SPDR ETF	-5.5%	43.73	11102026	46.29	7262026	107
IYJ	iShares U.S. Industrials ETF	-5.8%	160.06	11102026	169.86	8042026	98
IYM	iShares U.S. Basic Materials ETF	-6.8%	183.16	11102026	196.45	8252026	77
FXN	First Trust Energy AlphaDEX Fund	-9.6%	22.59	11102026	25.00	11012026	9
SMH	VanEck Semiconductor ETF	-27.7%	483.63	11102026	668.91	6222026	141
SOXX	iShares Semiconductor ETF	-32.9%	146.59	11102026	218.34	6222026	141
XBI	State Street SPDR S&P Biotech ETF	-8.5%	155.06	11102026	169.55	8192026	83
ITA	iShares U.S. Aerospace & Defense ETF	-14.3%	72.35	11102026	84.41	8162026	86
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-14.3%	175.52	11102026	204.86	10262026	15
IGV	iShares Expanded Tech-Software Sector ETF	-11.0%	100.33	11102026	112.67	10112026	30
IYT	iShares U.S. Transportation ETF	-6.9%	83.82	11102026	90.01	7162026	117
IAI	iShares U.S. Broker-Dealers & Securities Exchanges ETF	-7.8%	182.61	11102026	198.06	9032026	68
KRE	State Street SPDR S&P Regional Banking ETF	-6.2%	73.09	11102026	77.93	8162026	86
MISL	First Trust Indxx Aerospace & Defense ETF	-13.6%	42.51	11102026	49.19	5282026	166
RING	iShares MSCI Global Gold Miners ETF	-18.7%	75.78	11102026	93.17	8252026	77
SOXQ	Invesco PHLX Semiconductor ETF	-31.6%	78.69	11102026	115.11	6222026	141
TLT	iShares 20+ Year Treasury Bond ETF	-6.1%	80.88	11102026	86.10	6292026	134
VGLT	Vanguard Long-Term Treasury ETF	-5.0%	51.93	11102026	54.67	6292026	134
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-5.4%	24.72	11102026	26.13	6292026	134
EDV	Vanguard World Funds Extended Duration ETF	-9.2%	58.59	11102026	64.54	6242026	139
VCLT	Vanguard Long-Term Corporate Bond ETF	-5.2%	70.26	11102026	74.08	6292026	134
SPLB	State Street SPDR Portfolio Long Term Corporate Bond ETF	-5.8%	20.90	11102026	22.18	6292026	134
IGLB	iShares 10+ Year Investment Grade Corporate Bond ETF	-5.1%	46.80	11102026	49.32	6292026	134
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	-10.0%	18.30	11102026	20.34	10252026	16
DBC	Invesco DB Commodity Index Tracking Fund	-9.8%	30.76	11102026	34.10	10252026	16
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	-11.0%	34.97	11102026	39.30	10252026	16
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	-9.0%	24.40	11102026	26.81	9102026	61
FTGC	First Trust Global Tactical Commodity Strategy Fund	-8.6%	28.89	11102026	31.60	9102026	61
HGER	Harbor Commodity All-Weather Strategy ETF	-9.0%	33.22	11102026	36.50	10252026	16
GLD	SPDR Gold Trust	-14.7%	369.36	11102026	432.93	5122026	182
IAU	iShares Gold Trust	-14.6%	75.74	11102026	88.71	5122026	182
GLDM	SPDR Gold MiniShares Trust	-14.5%	79.75	11102026	93.32	5122026	182
SLV	iShares Silver Trust	-41.4%	46.48	11102026	79.35	5132026	181
PPLT	ETFS Physical Platinum Shares	-28.7%	13.94	11102026	19.55	5132026	181
PALL	ETFS Physical Palladium Shares	-31.7%	18.67	11102026	27.35	5132026	181
USO	United States Oil Fund LP	-16.6%	141.45	11102026	169.53	10252026	16
UNG	United States Natural Gas Fund LP	-14.0%	10.42	11102026	12.12	6042026	159
BNO	United States Brent Oil Fund LP ETV	-18.3%	58.36	11102026	71.39	11012026	9
REET	iShares Global REIT ETF	-5.6%	27.27	11102026	28.89	7262026	107
USRT	iShares Core U.S. REIT ETF	-5.3%	66.09	11102026	69.82	7262026	107
IBIT	iShares Bitcoin Trust ETF	-15.0%	41.68	11102026	49.01	9212026	50
FBTC	Fidelity Wise Origin Bitcoin Fund	-15.0%	64.05	11102026	75.31	9212026	50
ETHA	iShares Ethereum Trust ETF	-23.1%	46.49	11102026	60.45	9282026	43

ETF Fund Flows

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

Net fund flows

#	Ticker	Name	Type	Net flow	% of AUM
No data.

#	Ticker	Name	Type	Net flow	% of AUM
No data.

#	Ticker	Name	Type	Net flow	% of AUM
No data.

#	Ticker	Name	Type	Net flow	% of AUM
No data.

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
No data.

#	Ticker	Name	Type	Net flow	% of AUM
No data.

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
No data.

#	Ticker	Name	Type	Net flow	% of AUM
No data.

#	Ticker	Name	Type	Net flow	% of AUM
No data.

#	Ticker	Name	Type	Net flow	% of AUM
No data.

#	Ticker	Name	Type	Net flow	% of AUM
No data.

#	Ticker	Name	Type	Net flow	% of AUM
No data.

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

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Dip buy opportunities on MISL

Dip buy opportunities across sector ETFs

Quarterly SPY valuation update

Quarterly asset allocation considerations

Inform Me Once

Trefis High Quality Strategy

Asset Allocation Audit

Asset Rotation Strategies

Tax-Efficient Strategies

About MISL

Holdings Count: 44
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
AMRC	Ameresco	1.5	23.0%	-5.7%
AAON	AAON	6.2	19.3%	-1.3%
BW	Babcock & Wilcox Enterprises	0.6	18.2%	-29.3%
CSQR	Csquare	2.7	14.7%	-15.2%
ACAD	Acadia Pharmaceuticals	3.1	10.8%	-31.6%
CHTR	Charter Communications	16.1	10.6%	-35.8%
MARA	MARA	2.8	10.5%	-18.3%
HROW	Harrow	1.1	10.5%	-38.0%
CBL	CBL & Associates Properties	1.6	9.4%	47.8%
LUMN	Lumen Technologies	4.7	9.0%	-39.4%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
EMAT	Evolution Metals & Technologies	0.8	-44.0%	-94.3%
APPS	Digital Turbine	0.9	-35.8%	45.0%
GRPN	Groupon	0.5	-23.0%	-29.0%
PAYS	PaySign	0.6	-18.9%	96.9%
JBI	Janus International	0.5	-17.9%	-40.2%
HIMS	Hims & Hers Health	4.4	-16.6%	-41.1%
WGS	GeneDx	1.6	-16.6%	-57.8%
MUX	McEwen	0.8	-16.5%	-26.8%
EQPT	EquipmentShare.com	3.4	-16.5%	-58.4%
BTGO	BitGo	0.5	-16.3%	-76.9%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
APP	AppLovin	132.8	61.1%	-41.3%
ARDT	Ardent Health	2.5	53.1%	103.1%
XERS	Xeris Biopharma	2.7	52.9%	101.7%
ONT	Onterris	0.8	50.8%	-4.7%
CRCT	Cricut	1.8	45.2%	82.9%
VCEL	Vericel	3.0	43.7%	63.9%
DCTH	Delcath Systems	0.7	39.6%	99.0%
FLY	Firefly Aerospace	3.8	39.3%	5.9%
IRWD	Ironwood Pharmaceuticals	0.8	37.4%	42.7%
AEVA	Aeva Technologies	0.8	37.2%	-7.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
VCYT	Veracyte	1.9	-52.2%	-42.9%
MNTN	MNTN	0.4	-49.6%	-59.0%
PRAA	PRA	0.5	-39.8%	-32.4%
NRIX	Nurix Therapeutics	1.8	-38.5%	-16.3%
AESI	Atlas Energy Solutions	0.7	-34.2%	-43.1%
SNDX	Syndax Pharmaceuticals	0.8	-33.6%	-54.8%
PAYS	PaySign	0.6	-33.0%	96.9%
JANX	Janux Therapeutics	0.8	-32.4%	-12.8%
IRTC	iRhythm	2.8	-31.9%	-51.5%
PCT	PureCycle Technologies	0.4	-31.7%	-75.2%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
SGRY	Surgery Partners	3.4	87.7%	73.0%
LQDA	Liquidia	4.6	85.8%	49.0%
GDYN	Grid Dynamics	1.1	79.3%	55.7%
ONT	Onterris	0.8	78.4%	-4.7%
REPL	Replimune	2.4	78.1%	139.5%
VRDN	Viridian Therapeutics	3.3	68.6%	-0.8%
ULH	Universal Logistics	0.8	67.0%	96.6%
UPBD	Upbound	1.4	60.1%	50.3%
BRZE	Braze	5.1	59.1%	34.8%
DGICB	Donegal	1.0	58.6%	60.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
AESI	Atlas Energy Solutions	0.7	-55.2%	-43.1%
FRMI	Fermi	1.0	-52.6%	-80.8%
AAOI	Applied Optoelectronics	3.9	-52.0%	38.6%
MNTN	MNTN	0.4	-50.5%	-59.0%
CIFR	Cipher Digital	2.7	-49.8%	-55.8%
DJT	Trump Media & Technology	1.2	-46.3%	-67.7%
VCYT	Veracyte	1.9	-45.3%	-42.9%
TH	Target Hospitality	1.0	-45.3%	28.6%
IOVA	Iovance Biotherapeutics	3.6	-44.5%	196.0%
PENG	Penguin Solutions	2.5	-43.6%	128.2%

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	60.7	37.5	11.2	10.3	12.2	11.7
Expense Ratio	0.60%	0.35%	0.33%	0.44%	0.35%	0.37%	0.36%
10-D Avg Volume (Mil)	0.09	9.27	27.25	1.68	8.93	2.31	5.62
Latest Day Volume (Mil)	0.07	14.60	39.48	1.61	8.88	-	8.88
Holdings Count	44	26	30	243	165	50	47
Inception Date	10/25/2022	12/20/2011	7/10/2001	2/5/2001	1/31/2006	5/1/2006	-

Fundamentals

	MISL	SMH	SOXX	IBB	XBI	ITA	Median
Name	First Trus.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
Net Asset Value	41.22	464.02	146.73	219.45	152.30	71.66	-
Premium/Discount	3.1%	4.2%	-0.1%	-1.0%	1.8%	1.0%	1.4%
Distribution Yield	0.4%	0.2%	1.0%	0.2%	0.4%	0.0%	0.3%
Sales Yield	34.9%	9.7%	11.0%	12.2%	10.1%	33.3%	11.6%
Earnings Yield	3.0%	3.5%	3.3%	1.9%	1.5%	3.2%	3.1%

Valuation

	MISL	SMH	SOXX	IBB	XBI	ITA	Median
Name	First Trus.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
P/S (TTM)	2.9x	10.3x	9.1x	8.2x	9.9x	3.0x	8.7x
P/E (TTM)	32.9x	28.3x	30.3x	53.0x	65.3x	31.0x	31.9x
P/FCF (TTM)	45.2x	35.5x	36.1x	144.7x	-	37.5x	37.5x
Forward P/E	28.3x	-	-	-	46.6x	27.4x	28.3x
Forward P/S	2.5x	-	-	-	8.0x	2.7x	2.7x

Risk

	MISL	SMH	SOXX	IBB	XBI	ITA	Median
Name	First Trus.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
Volatility (1Y)	26.5%	42.6%	49.5%	23.7%	30.2%	24.0%	28.4%
Volatility (3Y)	21.3%	38.2%	41.4%	21.6%	28.4%	20.5%	25.0%
Volatility (5Y)	20.1%	37.6%	39.7%	22.6%	32.7%	20.6%	27.6%
Beta (1Y)	1.17	2.41	2.68	0.87	1.18	0.97	1.18
Beta (3Y)	0.89	2.02	2.13	0.83	1.06	0.85	0.98
Beta (5Y)	0.82	1.79	1.85	0.87	1.17	0.81	1.02
Sharpe Ratio (1Y)	0.21	0.99	1.06	1.48	1.33	0.27	1.03
Sharpe Ratio (3Y)	1.07	1.23	1.03	1.03	1.06	1.16	1.06
Sharpe Ratio (5Y)	1.02	0.86	0.70	0.38	0.27	0.81	0.75
Max Drawdown (1Y)	-23.0%	-33.1%	-39.6%	-9.6%	-14.9%	-20.1%	-21.6%
Max Drawdown (3Y)	-23.0%	-35.7%	-41.7%	-24.9%	-33.0%	-20.1%	-28.9%
Max Drawdown (5Y)	-23.0%	-45.3%	-46.2%	-35.7%	-53.2%	-20.1%	-40.5%

Returns

	MISL	SMH	SOXX	IBB	XBI	ITA	Median
Name	First Trus.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
1M Return	0.8%	-18.2%	-19.3%	6.3%	2.4%	5.3%	1.6%
3M Return	-11.4%	-17.3%	-19.5%	8.2%	-2.7%	-13.7%	-12.6%
6M Return	-6.6%	-13.8%	-14.8%	26.1%	14.9%	-3.7%	-5.1%
YTD Return	-0.7%	34.3%	46.0%	28.8%	27.2%	1.1%	28.0%
1Y Return	2.2%	39.4%	49.4%	38.0%	42.8%	3.8%	38.7%
2Y Return	34.5%	96.2%	98.2%	50.3%	54.7%	48.2%	52.5%
3Y Return	84.8%	227.9%	177.6%	82.6%	118.1%	91.4%	104.8%

Short Interest

Short Interest: As Of Date	10302026
Short Interest: Shares Quantity	0.1 Mil
Short Interest: % Change Since 10152026	786.0%
Average Daily Volume	0.1 Mil
Days-to-Cover Short Interest	1

External Quote Links

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

Prefer one of these to Trefis? Tell us why.

First Trust Indxx Aerospace & Defense ETF (MISL)

Market Price (11/11/2026): $42.42

First Trust Indxx Aerospace & Defense ETF (MISL)

Market Price (11/11/2026): $42.42

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

Sharpe Ratios Compared

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

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Inform Me Once

About MISL

Latest Trefis Analyses

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Profile

Fundamentals

Valuation

Risk

Returns

Short Interest

Returns Analyses

External Quote Links