First Trust Indxx Aerospace & Defense ETF (MISL)

Market Price (8/26/2026): $44.71

First Trust Indxx Aerospace & Defense ETF (MISL)

Market Price (8/26/2026): $44.71

Key Takeaways

MISL has returned +3.8% YTD vs +12.6% for SPY; +14.9% over the past 12 months (SPY +20.2%). details →
Priced in gold, MISL has returned -20.2% over the past 3 years, vs +96.9% in dollars — its dollar gains have lagged gold. details →
Over the past month, MISL has seen net outflows of −$22M (−2.9% of assets). details →
MISL's portfolio trades at 33.1x forward earnings — a 316% premium to SPY (8.0x). details →
MISL's top 10 holdings represent 63% of the fund vs 37% for SPY — a more concentrated portfolio. details →

Last updated: 8/25/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with MISL

Risk Tolerance:

ConservativeModerateAggressive

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

10Y Return (ann.)

+7.9%

Volatility

7.9%

Sharpe

0.65

YTD

+4.7%

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%	-6.6%	0.4%	3.8%
Bond	BND	50.0%	0.4%	0.6%	0.6%	0.4%
Gold	GLD	10.0%	0.3%	7.4%	14.3%	8.0%
Commodity	DBC	2.5%	-1.6%	-0.2%	4.9%	36.1%
Real Estate	VNQ	5.0%	0.2%	1.7%	-1.3%	14.4%
Bitcoin	BTCUSD	0.0%	0.8%	23.1%	24.9%	-9.0%
Cash	GOVT	7.5%	0.4%	0.5%	0.2%	-0.2%
Conservative Portfolio		100.0%	0.1%	-0.5%	1.9%	3.6%

	ETF	%	1D	1W	1M	YTD
Equity	MISL	55.0%	-0.4%	-6.6%	0.4%	3.8%
Bond	BND	25.0%	0.4%	0.6%	0.6%	0.4%
Gold	GLD	7.0%	0.3%	7.4%	14.3%	8.0%
Commodity	DBC	4.0%	-1.6%	-0.2%	4.9%	36.1%
Real Estate	VNQ	5.0%	0.2%	1.7%	-1.3%	14.4%
Bitcoin	BTCUSD	2.0%	0.8%	23.1%	24.9%	-9.0%
Cash	GOVT	2.0%	0.4%	0.5%	0.2%	-0.2%
Moderate Portfolio		100.0%	-0.1%	-2.4%	2.0%	4.7%

	ETF	%	1D	1W	1M	YTD
Equity	MISL	80.0%	-0.4%	-6.6%	0.4%	3.8%
Bond	BND	5.0%	0.4%	0.6%	0.6%	0.4%
Gold	GLD	3.0%	0.3%	7.4%	14.3%	8.0%
Commodity	DBC	2.2%	-1.6%	-0.2%	4.9%	36.1%
Real Estate	VNQ	4.5%	0.2%	1.7%	-1.3%	14.4%
Bitcoin	BTCUSD	5.2%	0.8%	23.1%	24.9%	-9.0%
Cash	GOVT	0.0%	0.4%	0.5%	0.2%	-0.2%
Aggressive Portfolio		100.0%	-0.2%	-3.8%	2.1%	4.3%

	ETF	%	Return	Volatility	Sharpe
Equity	MISL	25.0%	0.0%	11.1%	0.47
Bond	BND	50.0%	1.5%	5.2%	-0.24
Gold	GLD	10.0%	12.8%	15.7%	0.65
Commodity	DBC	2.5%	7.5%	17.3%	0.32
Real Estate	VNQ	5.0%	5.1%	17.5%	0.20
Bitcoin	BTCUSD	0.0%	64.0%	76.3%	0.96
Cash	GOVT	7.5%	0.4%	4.9%	-0.46
Conservative Portfolio		100.0%	4.6%	5.9%	0.32

	ETF	%	Return	Volatility	Sharpe
Equity	MISL	55.0%	0.0%	11.1%	0.47
Bond	BND	25.0%	1.5%	5.2%	-0.24
Gold	GLD	7.0%	12.8%	15.7%	0.65
Commodity	DBC	4.0%	7.5%	17.3%	0.32
Real Estate	VNQ	5.0%	5.1%	17.5%	0.20
Bitcoin	BTCUSD	2.0%	64.0%	76.3%	0.96
Cash	GOVT	2.0%	0.4%	4.9%	-0.46
Moderate Portfolio		100.0%	7.9%	7.9%	0.65

	ETF	%	Return	Volatility	Sharpe
Equity	MISL	80.0%	0.0%	11.1%	0.47
Bond	BND	5.0%	1.5%	5.2%	-0.24
Gold	GLD	3.0%	12.8%	15.7%	0.65
Commodity	DBC	2.2%	7.5%	17.3%	0.32
Real Estate	VNQ	4.5%	5.1%	17.5%	0.20
Bitcoin	BTCUSD	5.2%	64.0%	76.3%	0.96
Cash	GOVT	0.0%	0.4%	4.9%	-0.46
Aggressive Portfolio		100.0%	11.4%	10.6%	0.81

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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Top 20 Holdings for MISL

Total Weights
Top 5: 42.2% | Top 10: 62.5% | Top 20: 87.5%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		99.70%	100.00%	100.00%	2.9	33.1	+11.1%	+16.1%
Top 20		87.48%	80.15%	87.09%	3.2	34.2	+11.9%	+16.3%
PLTR	Palantir Technologies	11.08%	0.54%	3.33%	38.1	94.9	+49.5%	+40.0%
RTX	RTX	8.53%	9.21%	9.60%	2.8	27.1	+7.4%	+8.8%
GE	GE Aerospace	7.60%	3.47%	7.75%	6.7	40.3	+11.1%	+12.8%
BA	Boeing	7.56%	13.98%	4.56%	1.5	95.0	+14.8%	—
SPCX	Space Exploration Technologies	7.42%	0.62%	—	9.7	211.7	+139.0%	+260.6%
LMT	Lockheed Martin	4.30%	8.49%	8.73%	1.5	17.4	+5.7%	+6.9%
GD	General Dynamics	4.09%	7.23%	7.44%	1.8	20.6	+4.9%	+9.0%
NOC	Northrop Grumman	4.06%	7.42%	9.79%	1.7	18.1	+6.9%	+4.1%
HEI	Heico	4.01%	1.32%	2.67%	8.5	50.8	+10.2%	+13.2%
HWM	Howmet Aerospace	3.88%	1.10%	2.84%	9.6	43.3	+13.3%	+20.6%
TDG	TransDigm	3.71%	1.78%	4.76%	6.0	24.8	+10.1%	+17.5%
LHX	L3Harris Technologies	3.61%	5.56%	5.68%	2.0	20.1	+7.0%	+15.0%
RKLB	Rocket Lab	3.36%	0.20%	—	33.8	—	+46.0%	—
ASTS	AST SpaceMobile	2.60%	0.05%	—	34.9	—	+351.0%	—
CW	Curtiss-Wright	2.44%	1.30%	2.42%	5.6	36.6	+8.2%	+10.2%
FTAI	FTAI Aviation	2.19%	1.09%	2.18%	3.7	18.9	+65.6%	+134.5%
WWD	Woodward	2.13%	1.45%	2.41%	4.3	31.2	+8.9%	+12.3%
LDOS	Leidos	1.87%	6.39%	6.27%	0.9	10.1	+4.7%	+4.6%
TXT	Textron	1.53%	5.43%	4.19%	0.9	11.4	+3.7%	+12.4%
CACI	CACI International	1.51%	3.51%	2.47%	1.2	17.7	+6.7%	+12.3%

[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 8/31/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 8/31/27.
[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 8/25	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
MISL	First Trust Indxx Aerospace & Defense ETF	100.00%	44.41	-0.4%	2.1%	3.8%	14.9%	96.9%
PLTR	Palantir Technologies	11.08%	172.73	-1.8%	40.5%	-2.8%	9.9%	1,088.8%	594.5%
RTX	RTX	8.53%	210.28	0.5%	-0.9%	15.9%	36.6%	163.6%	176.2%	320.1%
GE	GE Aerospace	7.60%	349.54	2.3%	-1.2%	13.8%	31.8%	297.6%	450.9%	158.4%
BA	Boeing	7.56%	211.08	0.3%	0.7%	-2.8%	-7.0%	-5.5%	-2.5%	73.5%
SPCX	Space Exploration Technologies	7.42%	137.95	2.2%	19.9%
LMT	Lockheed Martin	4.30%	556.52	-1.4%	-4.5%	16.4%	27.7%	33.7%	76.1%	196.6%
GD	General Dynamics	4.09%	376.58	-1.9%	-2.6%	13.3%	19.8%	78.7%	110.1%	208.5%
NOC	Northrop Grumman	4.06%	542.52	-1.2%	0.1%	-4.1%	-6.1%	32.2%	60.4%	199.2%
HEI	Heico	4.01%	351.05	-0.5%	0.4%	8.6%	15.1%	111.5%	178.6%	905.8%
HWM	Howmet Aerospace	3.88%	264.04	0.3%	-8.7%	29.0%	54.5%	452.6%	731.7%	1,104.1%
TDG	TransDigm	3.71%	1,192.60	-0.5%	-3.6%	-10.3%	-8.3%	61.3%	141.4%	570.2%
LHX	L3Harris Technologies	3.61%	262.17	-0.3%	-12.7%	-10.0%	-3.5%	55.9%	23.5%	248.2%
RKLB	Rocket Lab	3.36%	66.91	-2.0%	4.7%	-4.1%	41.7%	1,055.6%	571.8%
ASTS	AST SpaceMobile	2.60%	62.01	-0.5%	10.3%	-14.6%	24.0%	1,553.6%	459.7%
CW	Curtiss-Wright	2.44%	609.71	-0.9%	-18.7%	10.7%	27.5%	198.8%	419.0%	608.3%
FTAI	FTAI Aviation	2.19%	200.47	1.0%	-7.0%	2.4%	35.8%	489.0%	906.1%	3,372.0%
WWD	Woodward	2.13%	339.66	2.0%	-18.9%	12.6%	38.6%	173.6%	189.6%	480.7%
LDOS	Leidos	1.87%	134.54	-2.8%	20.0%	-25.0%	-25.1%	45.3%	46.6%	298.8%
TXT	Textron	1.53%	81.80	-0.4%	-14.4%	-6.1%	1.4%	9.1%	14.6%	102.5%
CACI	CACI International	1.51%	612.10	-3.8%	25.7%	14.9%	26.3%	88.2%	138.5%	520.2%

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
RKLB_8102026	RKLB	Rocket Lab	8/10/2026	Q3 2026 Revenue	257.50 Mil	10.8%	Higher NewNew Guidance Higher than Prior Actual of 232.50 Mil for Q2 2026

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
MISL Return	-	8%	15%	20%	41%	4%	120%
Peers Return	15%	-20%	33%	13%	40%	38%	171%
S&P 500 Return	27%	-19%	24%	23%	16%	12%	104%
Monthly Win Rates [3]
MISL Win Rate	-	100%	58%	58%	83%	50%
Peers Win Rate	58%	45%	62%	58%	67%	70%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
MISL Max Drawdown	-	-	-10%	-10%	-16%	-17%
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 8/25/2026 (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	0.34	0.91	0.91
Equity Top Results (3Y)
IALT	2.11	2.11	2.11
SPMO	0.89	1.38	0.82
VLUE	2.49	1.26	0.69
CORO	1.33	1.25	1.25
CGDV	1.35	1.23	0.94

Results as of 7312026.

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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 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 Day Dip			MISL Subsequent Performance
Date	MISL	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			45%	46%	-2%	368
8242026	-9%	1%			-0%	0
4152026	-7%	1%			-11%	43
12312024	-5%	3%	54%	55%	-10%	371
9252023	-6%	-1%	45%	46%	-2%	364
5042023	-6%	-2%	30%	30%	-1%	368

[1] Dip event defined as first instance dip threshold is triggered within a 60-day time period.
[2] Analysis for period from 1/1/2005 to 8/25/2026

MISL had 3 events since 10/26/2022 where the dip threshold of -10% within 90 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 Day Dip			MISL Subsequent Performance
Date	MISL	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			68%	80%	-3%	302
7102026	-12%	10%			-5%	35
4042025	-13%	-14%	70%	86%	0%	287
3042025	-10%	-1%	66%	74%	-6%	318

[1] Dip event defined as first instance dip threshold is triggered within a 90-day time period.
[2] Analysis for period from 1/1/2005 to 8/25/2026

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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
IWF	iShares Russell 1000 Growth ETF	-5.4%	121.83	8252026	128.77	6012026	85
VONG	Vanguard Russell 1000 Growth ETF	-5.2%	125.43	8252026	132.35	6012026	85
EEM	iShares MSCI Emerging Markets ETF	-5.6%	67.25	8252026	71.21	6222026	64
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-8.6%	34.08	8252026	37.30	6222026	64
EWY	iShares MSCI South Korea ETF	-17.8%	180.15	8252026	219.20	6212026	65
EWZ	iShares MSCI Brazil ETF	-14.0%	35.88	8252026	41.73	4142026	133
FXI	iShares China Large-Cap ETF	-7.4%	35.56	8252026	38.42	2252026	181
ILF	iShares Latin America 40 ETF	-7.6%	35.21	8252026	38.10	4142026	133
KWEB	KraneShares CSI China Internet ETF	-18.1%	26.41	8252026	32.25	2242026	182
MTUM	iShares MSCI USA Momentum Factor ETF	-12.4%	302.40	8252026	345.22	6222026	64
SPMO	Invesco S&P 500 Momentum ETF	-8.8%	147.41	8252026	161.66	6222026	64
URA	Global X Uranium ETF	-17.4%	48.14	8252026	58.26	5062026	111
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-13.9%	35.85	8252026	41.63	5132026	104
ROBO	ROBO Global Robotics & Automation Index ETF	-10.4%	80.93	8252026	90.34	6022026	84
LIT	Global X Lithium & Battery Tech ETF	-16.4%	76.59	8252026	91.62	5112026	106
ICLN	iShares Global Clean Energy ETF	-25.7%	17.65	8252026	23.75	6022026	84
ARKQ	ARK Autonomous Technology & Robotics ETF	-14.7%	122.74	8252026	143.82	5282026	89
ARKX	ARK Space & Defense Innovation ETF	-13.9%	32.49	8252026	37.74	5282026	89
NASA	Tema Space Innovators ETF	-43.4%	23.69	8252026	41.89	5272026	90
AGIX	KraneShares Artificial Intelligence ETF	-9.5%	44.69	8252026	49.40	6012026	85
VGT	Vanguard Information Technology ETF	-6.5%	117.51	8252026	125.62	6022026	84
XLK	State Street Technology Select Sector SPDR ETF	-8.3%	181.74	8252026	198.21	6022026	84
XLU	State Street Utilities Select Sector SPDR ETF	-8.6%	43.31	8252026	47.40	3012026	177
SMH	VanEck Semiconductor ETF	-16.9%	555.82	8252026	668.91	6222026	64
SOXX	iShares Semiconductor ETF	-21.5%	514.06	8252026	655.01	6222026	64
ITA	iShares U.S. Aerospace & Defense ETF	-7.5%	234.30	8252026	253.22	8162026	9
IGV	iShares Expanded Tech-Software Sector ETF	-5.4%	101.85	8252026	107.70	6012026	85
MISL	First Trust Indxx Aerospace & Defense ETF	-12.3%	44.41	8252026	50.66	3022026	176
RING	iShares MSCI Global Gold Miners ETF	-6.3%	93.17	8252026	99.42	3012026	177
SOXQ	Invesco PHLX Semiconductor ETF	-20.8%	91.19	8252026	115.11	6222026	64
TLT	iShares 20+ Year Treasury Bond ETF	-6.4%	83.47	8252026	89.15	3012026	177
VGLT	Vanguard Long-Term Treasury ETF	-5.3%	53.56	8252026	56.53	3012026	177
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-5.6%	25.47	8252026	26.99	3012026	177
EDV	Vanguard World Funds Extended Duration ETF	-9.2%	61.22	8252026	67.42	3012026	177
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	-6.9%	34.00	8252026	36.53	5192026	98
GSG	iShares GSCI Commodity	-5.8%	30.01	8252026	31.85	3182026	160
GLD	SPDR Gold Trust	-12.6%	428.07	8252026	490.00	3022026	176
IAU	iShares Gold Trust	-12.6%	87.76	8252026	100.38	3022026	176
GLDM	SPDR Gold MiniShares Trust	-12.5%	92.35	8252026	105.54	3022026	176
SGOL	ETFS Physical Swiss Gold Shares	-12.1%	44.66	8252026	50.81	3022026	176
BAR	Direxion Daily Gold Bull 3X Shares	-15.6%	44.34	8252026	52.53	3022026	176
SLV	iShares Silver Trust	-26.7%	62.32	8252026	84.99	3012026	177
SIVR	ETFS Physical Silver Shares Trust ETF	-6.6%	83.39	8252026	89.26	3012026	177
PPLT	ETFS Physical Platinum Shares	-21.5%	16.86	8252026	21.47	3012026	177
CPER	United States Copper Index Fund ETV	-9.6%	33.33	8252026	36.88	3012026	177
PALL	ETFS Physical Palladium Shares	-25.3%	24.32	8252026	32.54	2242026	182
USO	United States Oil Fund LP	-17.5%	126.15	8252026	152.96	5192026	98
UNG	United States Natural Gas Fund LP	-21.5%	10.23	8252026	13.04	3122026	166
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	8252026	60.13	5042026	113

ETF Fund Flows

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

Net fund flows · as of 2026-08-25

Asset allocation rotation · Past week

Bond ETFs drew the largest net inflows (+$4.6B), followed by Commodity (+$4.3B), while Real Estate (−$28M) saw the largest outflows.
Within the mix, money rotated into Gold (+$4.4B) and out of US Large Cap Core (−$5.8B).
Relative to fund size, CNEQ drew the largest inflow (+22.2% of AUM) and USO the largest outflow (−15.1%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$12.25B	+1.2%
2	GLD	SPDR Gold Shares	Commodity Gold	+$3.3B	+2.1%
3	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$2.43B	+11.3%
4	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	+$2.03B	+3.0%
5	VCIT	Vanguard Intermediate-Term Corporate Bond ETF	Bond Intermediate Corporate	+$1.92B	+2.8%
6	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$1.66B	+0.2%
7	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$1.48B	+1.4%
8	IBIT	iShares Bitcoin Trust ETF	Crypto	+$1.46B	+2.5%
9	IJH	iShares Core S&P Mid-Cap ETF	Equity US Mid Cap Core	+$1.24B	+1.0%
10	RSP	Invesco S&P 500 Equal Weight ETF	Equity Factor Smart Beta	+$860M	+0.9%

#	Ticker	Name	Type	Net flow	% of AUM
1	CNEQ	Alger Concentrated Equity ETF	Other	+$409M	+22.2%
2	BFLX	iShares Flexible Equity Active ETF	Other	+$418M	+20.3%
3	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$232M	+13.8%
4	USMC	Principal U.S. Mega-Cap ETF	Other	+$698M	+13.8%
5	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$2.43B	+11.3%
6	NULV	Nuveen ESG Large-Cap Value	Other	+$243M	+10.7%
7	FLDR	Fidelity Low Duration Bond Factor ETF	Other	+$224M	+10.2%
8	ZROZ	PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund	Other	+$165M	+10.1%
9	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	+$98M	+9.3%
10	FEOE	First Eagle Overseas Equity ETF	Other	+$156M	+8.4%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$10.28B	-1.2%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	-$8.34B	-1.0%
3	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	-$2.57B	-0.5%
4	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	-$1.38B	-8.3%
5	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$962M	-2.9%
6	XLF	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	-$951M	-1.7%
7	VGT	Vanguard Information Technology ETF	Equity Broad Sector	-$770M	-0.5%
8	XLV	State Street Health Care Select Sector SPDR ETF	Equity Broad Sector	-$746M	-1.7%
9	XLE	State Street Energy Select Sector SPDR ETF	Equity Broad Sector	-$703M	-1.7%
10	SPHQ	Invesco S&P 500 Quality ETF	Equity Factor Smart Beta	-$621M	-3.2%

#	Ticker	Name	Type	Net flow	% of AUM
1	USO	United States Oil Fund, LP	Commodity Energy	-$307M	-15.1%
2	XNTK	State Street SPDR NYSE Technology ETF	Other	-$215M	-10.8%
3	CORP	PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund	Other	-$137M	-9.4%
4	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	-$1.38B	-8.3%
5	TAN	Invesco Solar ETF	Other	-$94M	-7.3%
6	SNXX	Tradr 2X Long SNDK Daily ETF	Other	-$151M	-7.1%
7	CAIE	Calamos Autocallable Income ETF	Other	-$84M	-6.6%
8	KRE	State Street SPDR S&P Regional Banking ETF	Equity Industry Subsector	-$211M	-5.2%
9	DBC	Invesco DB Commodity Index Tracking Fund	Commodity Broad Diversified	-$73M	-4.0%
10	IBDU	iShares iBonds Dec 2029 Term Corporate ETF	Other	-$141M	-3.5%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$58.0B), followed by Bond (+$20.2B), while Real Estate (−$140M) saw the largest outflows.
Within the mix, money rotated into US Nasdaq Growth (+$15.7B) and out of Broad Sector (−$2.9B).
Relative to fund size, CNEQ drew the largest inflow (+102.0% of AUM) and FTXL the largest outflow (−63.2%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$22.54B	+2.2%
2	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$12.3B	+2.5%
3	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$5.8B	+5.7%
4	GLD	SPDR Gold Shares	Commodity Gold	+$5.52B	+3.9%
5	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$4.72B	+2.8%
6	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$4.71B	+0.7%
7	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$4.24B	+9.4%
8	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$3.85B	+3.6%
9	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$3.43B	+3.3%
10	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$3.37B	+18.3%

#	Ticker	Name	Type	Net flow	% of AUM
1	CNEQ	Alger Concentrated Equity ETF	Other	+$1.04B	+102.0%
2	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$792M	+54.4%
3	USMC	Principal U.S. Mega-Cap ETF	Other	+$1.41B	+38.3%
4	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$444M	+29.4%
5	ZROZ	PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund	Other	+$378M	+28.6%
6	BFLX	iShares Flexible Equity Active ETF	Other	+$457M	+27.3%
7	FLTW	Franklin FTSE Taiwan ETF	Other	+$695M	+21.1%
8	CBOX		Other	+$250M	+18.7%
9	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$3.37B	+18.3%
10	SOXQ	Invesco PHLX Semiconductor ETF	Equity Industry Subsector	+$497M	+17.2%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$14.81B	-1.7%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	-$4.99B	-0.6%
3	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$4.34B	-10.1%
4	XLF	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	-$1.5B	-2.6%
5	XLE	State Street Energy Select Sector SPDR ETF	Equity Broad Sector	-$1.09B	-2.7%
6	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	-$891M	-10.3%
7	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$835M	-63.2%
8	VUG	Vanguard Morningstar Growth ETF	Equity US Large Growth	-$834M	-0.4%
9	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$782M	-2.4%
10	FV	First Trust Dorsey Wright Focus 5 ETF	Other	-$754M	-20.0%

#	Ticker	Name	Type	Net flow	% of AUM
1	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$835M	-63.2%
2	USO	United States Oil Fund, LP	Commodity Energy	-$451M	-22.4%
3	FV	First Trust Dorsey Wright Focus 5 ETF	Other	-$754M	-20.0%
4	XHB	State Street SPDR S&P Homebuilders ETF	Other	-$291M	-19.8%
5	TAN	Invesco Solar ETF	Other	-$235M	-17.6%
6	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$133M	-13.0%
7	RING	iShares MSCI Global Gold Miners ETF	Equity Industry Subsector	-$293M	-12.9%
8	BAB	Invesco Taxable Municipal Bond ETF	Other	-$124M	-12.4%
9	OIH	VanEck Oil Services ETF	Other	-$216M	-11.2%
10	SNXX	Tradr 2X Long SNDK Daily ETF	Other	-$187M	-10.6%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$183.3B), followed by Bond (+$67.5B), while Crypto (−$2.9B) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$60.7B) and out of US Large Concentrated (−$1.4B).
Relative to fund size, ACYN drew the largest inflow (+106.6% of AUM) and VLUE the largest outflow (−47.7%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$29.59B	+3.4%
2	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$21.59B	+13.6%
3	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$18.09B	+2.3%
4	DRAM	Roundhill Memory ETF	Other	+$17.76B	+74.8%
5	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$14.82B	+2.2%
6	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$14.27B	+14.6%
7	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$13.53B	+2.8%
8	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$11.2B	+11.3%
9	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$9.88B	+10.0%
10	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$8.87B	+20.3%

#	Ticker	Name	Type	Net flow	% of AUM
1	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$1.19B	+106.6%
2	DRAM	Roundhill Memory ETF	Other	+$17.76B	+74.8%
3	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$792M	+66.2% ⚠
4	FLKR	Franklin FTSE South Korea ETF	Other	+$743M	+57.7%
5	NASA	Tema Space Innovators ETF	Equity Thematic	+$723M	+56.2%
6	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.27B	+55.4%
7	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$1.13B	+55.2% ⚠
8	IALT	iShares Systematic Alternatives Active ETF	Equity Asset Allocation	+$2.55B	+50.8% ⚠
9	CBOX		Other	+$567M	+48.9%
10	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$7.97B	+46.5%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$8.56B	-0.9%
2	QUAL	iShares MSCI USA Quality Factor ETF	Equity Factor Smart Beta	-$6.03B	-13.1%
3	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.68B	-47.7%
4	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$4.54B	-9.6%
5	IQMM	ProShares - GENIUS Money Market ETF	Other	-$2.82B	-13.9%
6	XLE	State Street Energy Select Sector SPDR ETF	Equity Broad Sector	-$2.69B	-7.0%
7	IAU	iShares Gold Trust	Commodity Gold	-$2.33B	-3.7%
8	IVE	iShares S&P 500 Value ETF	Equity US Large Value	-$2.28B	-4.7%
9	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.23B	-34.3%
10	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$2.12B	-15.2%

#	Ticker	Name	Type	Net flow	% of AUM
1	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.68B	-47.7%
2	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$930M	-39.7%
3	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$411M	-34.4%
4	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.23B	-34.3%
5	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$1.4B	-32.1%
6	KWEB	KraneShares CSI China Internet ETF	Equity Emerging Markets	-$1.31B	-24.3%
7	RING	iShares MSCI Global Gold Miners ETF	Equity Industry Subsector	-$517M	-22.5%
8	AKRE	Akre Focus ETF	Equity US Large Growth	-$1.21B	-22.5%
9	ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	Equity Emerging Markets	-$354M	-22.3%
10	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$300M	-22.2%

Largest ETF fund flows across ~2624 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: 49
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	Category	1D Rtn	YTD Rtn
URA	Global X Uranium ETF	Equity	5.4%	12.7%
EWY	iShares MSCI South Korea ETF	Equity	3.7%	85.3%
XBI	State Street SPDR S&P Biotech ETF	Equity	3.0%	38.7%
ARKK	ARK Innovation ETF	Equity	2.9%	12.3%
RING	iShares MSCI Global Gold Miners ETF	Equity	2.1%	26.5%
EWZ	iShares MSCI Brazil ETF	Equity	2.0%	12.9%
XOVR	EntrepreneurShares Series Trust ERSha...	Equity	1.9%	1.6%
IBB	iShares Biotechnology ETF	Equity	1.8%	28.3%
IEMG	iShares Core MSCI Emerging Markets ETF	Equity	1.7%	21.8%
EDV	Vanguard World Funds Extended Duratio...	Bond	1.7%	-3.4%

Top Losers

Ticker	Company	Category	1D Rtn	YTD Rtn
USO	United States Oil Fund LP	Commodity	-4.6%	82.4%
XOP	State Street SPDR S&P Oil & Gas Explo...	Equity	-1.9%	45.3%
COMT	iShares GSCI Commodity Dynamic Roll S...	Commodity	-1.7%	36.6%
XLE	State Street Energy Select Sector SPD...	Equity	-1.7%	39.7%
DBC	Invesco DB Commodity Index Tracking Fund	Commodity	-1.6%	36.1%
PDBC	Invesco Optimum Yield Diversified Com...	Commodity	-1.6%	37.1%
FXN	First Trust Energy AlphaDEX Fund	Equity	-1.5%	40.0%
PALL	ETFS Physical Palladium Shares	Commodity	-1.3%	-16.4%
XLP	State Street Consumer Staples Select ...	Equity	-1.1%	12.0%
BCI	abrdn Bloomberg All Commodity Strateg...	Commodity	-0.8%	28.6%

Top Gainers

Ticker	Company	Category	1W Rtn	YTD Rtn
ETHA	iShares Ethereum Trust ETF	Cryptocurrency	28.8%	-17.1%
FBTC	Fidelity Wise Origin Bitcoin Fund	Cryptocurrency	22.2%	-9.9%
IBIT	iShares Bitcoin Trust ETF	Cryptocurrency	22.2%	-9.9%
RING	iShares MSCI Global Gold Miners ETF	Equity	19.9%	26.5%
URA	Global X Uranium ETF	Equity	10.4%	12.7%
ARKK	ARK Innovation ETF	Equity	9.1%	12.3%
SLV	iShares Silver Trust	Commodity	8.5%	-3.3%
PPLT	ETFS Physical Platinum Shares	Commodity	8.4%	-9.6%
GLDM	SPDR Gold MiniShares Trust	Commodity	7.4%	8.2%
GLD	SPDR Gold Trust	Commodity	7.4%	8.0%

Top Losers

Ticker	Company	Category	1W Rtn	YTD Rtn
NASA	Tema Space Innovators ETF	Equity	-7.7%	-5.9%
ITA	iShares U.S. Aerospace & Defense ETF	Equity	-7.1%	9.2%
MISL	First Trust Indxx Aerospace & Defense...	Equity	-6.6%	3.8%
ARKX	ARK Space & Defense Innovation ETF	Equity	-4.4%	-6.9%
USO	United States Oil Fund LP	Commodity	-3.5%	82.4%
SOXQ	Invesco PHLX Semiconductor ETF	Equity	-3.4%	63.7%
KRE	State Street SPDR S&P Regional Bankin...	Equity	-3.3%	15.4%
SOXX	iShares Semiconductor ETF	Equity	-3.3%	70.8%
ARKQ	ARK Autonomous Technology & Robotics ETF	Equity	-3.2%	7.0%
MTUM	iShares MSCI USA Momentum Factor ETF	Equity	-3.0%	20.9%

Top Gainers

Ticker	Company	Category	1M Rtn	YTD Rtn
RING	iShares MSCI Global Gold Miners ETF	Equity	43.2%	26.5%
ETHA	iShares Ethereum Trust ETF	Cryptocurrency	26.4%	-17.1%
IBIT	iShares Bitcoin Trust ETF	Cryptocurrency	21.6%	-9.9%
FBTC	Fidelity Wise Origin Bitcoin Fund	Cryptocurrency	21.6%	-9.9%
URA	Global X Uranium ETF	Equity	19.4%	12.7%
ARKK	ARK Innovation ETF	Equity	19.1%	12.3%
SLV	iShares Silver Trust	Commodity	17.7%	-3.3%
GDE	WisdomTree Efficient Gold Plus Equity...	Equity	16.7%	1.3%
IBB	iShares Biotechnology ETF	Equity	14.9%	28.3%
PPLT	ETFS Physical Platinum Shares	Commodity	14.5%	-9.6%

Top Losers

Ticker	Company	Category	1M Rtn	YTD Rtn
XLU	State Street Utilities Select Sector ...	Equity	-5.2%	2.2%
ITA	iShares U.S. Aerospace & Defense ETF	Equity	-3.9%	9.2%
USRT	iShares Core U.S. REIT ETF	Real Estate	-2.8%	19.0%
XLI	State Street Industrial Select Sector...	Equity	-2.6%	15.3%
SCHH	Schwab U.S. REIT ETF	Real Estate	-2.2%	16.5%
KWEB	KraneShares CSI China Internet ETF	Equity	-2.2%	-22.4%
ASHR	Xtrackers Harvest CSI 300 China A-Sha...	Equity	-2.0%	3.7%
REET	iShares Global REIT ETF	Real Estate	-1.9%	13.7%
KRE	State Street SPDR S&P Regional Bankin...	Equity	-1.6%	15.4%
VNQ	Vanguard Real Estate ETF	Real Estate	-1.3%	14.4%

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)	0.8	66.8	41.8	10.7	11.4	14.3	12.8
Expense Ratio	0.60%	0.35%	0.33%	0.44%	0.35%	0.37%	0.36%
10-D Avg Volume (Mil)	0.42	10.75	9.44	1.55	8.72	0.78	5.13
Latest Day Volume (Mil)	0.05	8.64	8.26	2.39	14.05	-	8.26
Holdings Count	49	26	30	247	155	49	49
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	47.78	560.29	520	213.62	163.31	237.31	520.00
Premium/Discount	-7.1%	-0.8%	-1.1%	1.3%	3.5%	-1.3%	-1.0%
Distribution Yield	0.4%	0.2%	0.3%	0.2%	0.3%	0.0%	0.2%
Sales Yield	30.2%	7.5%	7.9%	11.6%	8.1%	30.5%	9.9%
Earnings Yield	2.4%	2.4%	2.2%	1.8%	1.1%	2.7%	2.3%

Valuation

	MISL	SMH	SOXX	IBB	XBI	ITA	Median
Name	First Trus.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
P/S (TTM)	3.3x	13.4x	12.7x	8.6x	12.3x	3.3x	10.5x
P/E (TTM)	41.7x	42.1x	46.3x	56.4x	90.2x	37.7x	44.2x
P/FCF (TTM)	60.5x	48.4x	52.9x	-	-	39.8x	50.6x
Forward P/E	33.4x	-	-	-	66.5x	31.3x	33.4x
Forward P/S	2.9x	-	-	-	8.4x	3.0x	3.0x

Risk

	MISL	SMH	SOXX	IBB	XBI	ITA	Median
Name	First Trus.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
Volatility (1Y)	25.5%	39.0%	45.2%	21.7%	27.9%	23.1%	26.7%
Volatility (3Y)	20.8%	36.8%	39.4%	20.9%	27.9%	20.1%	24.4%
Volatility (5Y)	19.9%	36.6%	38.4%	22.3%	32.4%	20.3%	27.3%
Beta (1Y)	1.19	2.37	2.59	0.78	1.06	1.04	1.12
Beta (3Y)	0.86	1.97	2.05	0.82	1.03	0.85	0.95
Beta (5Y)	0.81	1.76	1.81	0.86	1.16	0.81	1.01
Sharpe Ratio (1Y)	0.66	1.84	1.84	2.13	2.37	0.91	1.84
Sharpe Ratio (3Y)	1.19	1.41	1.20	0.99	1.08	1.32	1.19
Sharpe Ratio (5Y)	1.14	1.00	0.86	0.34	0.36	0.92	0.89
Max Drawdown (1Y)	-17.1%	-24.6%	-29.0%	-9.6%	-10.5%	-15.8%	-16.5%
Max Drawdown (3Y)	-17.9%	-35.7%	-41.4%	-24.9%	-33.0%	-15.8%	-28.9%
Max Drawdown (5Y)	-17.9%	-45.3%	-45.8%	-39.7%	-54.0%	-18.7%	-42.5%

Returns

	MISL	SMH	SOXX	IBB	XBI	ITA	Median
Name	First Trus.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
1M Return	0.4%	1.3%	-0.4%	14.9%	12.3%	-3.9%	0.9%
3M Return	-6.6%	-7.7%	-9.8%	27.7%	26.8%	2.1%	-2.3%
6M Return	-10.7%	32.6%	42.1%	22.8%	30.9%	-3.6%	26.9%
YTD Return	3.8%	54.3%	70.8%	28.3%	38.7%	9.2%	33.5%
1Y Return	14.6%	89.9%	107.2%	55.1%	86.7%	20.2%	70.9%
2Y Return	46.3%	125.8%	124.1%	47.6%	68.4%	65.3%	66.9%
3Y Return	96.5%	285.5%	227.1%	74.0%	119.3%	108.8%	114.0%

Short Interest

Short Interest: As Of Date	8142026
Short Interest: Shares Quantity	0.0 Mil
Short Interest: % Change Since 7312026	85.9%
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

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First Trust Indxx Aerospace & Defense ETF (MISL)

Market Price (8/26/2026): $44.71

First Trust Indxx Aerospace & Defense ETF (MISL)

Market Price (8/26/2026): $44.71

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