First Trust Indxx Aerospace & Defense ETF (MISL)

Market Price (11/14/2026): $41.77

First Trust Indxx Aerospace & Defense ETF (MISL)

Market Price (11/14/2026): $41.77

Key Takeaways

MISL has returned -2.3% YTD vs +11.5% for SPY; +3.0% over the past 12 months (SPY +13.5%). details →
Priced in gold, MISL has returned -10.2% over the past 3 years, vs +77.6% in dollars — its dollar gains have lagged gold. details →
Over the past month, MISL has seen net outflows of −$167M (−24.8% of assets). details →
MISL's portfolio trades at 28.1x forward earnings — a 218% premium to SPY (8.8x). details →
MISL's top 10 holdings represent 60% of the fund vs 37% for SPY — a more concentrated portfolio. details →

Last updated: 11/13/2026.

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

0.57

YTD

-0.7%

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%	-0.6%	3.6%	0.9%	-2.3%
Bond	BND	50.0%	-0.1%	-1.4%	0.0%	-1.5%
Gold	GLD	10.0%	0.2%	-4.6%	-7.1%	-10.3%
Commodity	DBC	2.5%	-0.4%	-2.4%	-7.5%	37.7%
Real Estate	VNQ	5.0%	0.0%	0.8%	5.5%	12.1%
Bitcoin	BTCUSD	0.0%	-1.5%	-7.2%	-14.4%	-19.7%
Cash	GOVT	7.5%	-0.2%	-1.5%	-0.3%	-1.9%
Conservative Portfolio		100.0%	-0.2%	-0.4%	-0.4%	-0.9%

	ETF	%	1D	1W	1M	YTD
Equity	MISL	55.0%	-0.6%	3.6%	0.9%	-2.3%
Bond	BND	25.0%	-0.1%	-1.4%	0.0%	-1.5%
Gold	GLD	7.0%	0.2%	-4.6%	-7.1%	-10.3%
Commodity	DBC	4.0%	-0.4%	-2.4%	-7.5%	37.7%
Real Estate	VNQ	5.0%	0.0%	0.8%	5.5%	12.1%
Bitcoin	BTCUSD	2.0%	-1.5%	-7.2%	-14.4%	-19.7%
Cash	GOVT	2.0%	-0.2%	-1.5%	-0.3%	-1.9%
Moderate Portfolio		100.0%	-0.4%	1.1%	-0.3%	-0.7%

	ETF	%	1D	1W	1M	YTD
Equity	MISL	80.0%	-0.6%	3.6%	0.9%	-2.3%
Bond	BND	5.0%	-0.1%	-1.4%	0.0%	-1.5%
Gold	GLD	3.0%	0.2%	-4.6%	-7.1%	-10.3%
Commodity	DBC	2.2%	-0.4%	-2.4%	-7.5%	37.7%
Real Estate	VNQ	4.5%	0.0%	0.8%	5.5%	12.1%
Bitcoin	BTCUSD	5.2%	-1.5%	-7.2%	-14.4%	-19.7%
Cash	GOVT	0.0%	-0.2%	-1.5%	-0.3%	-1.9%
Aggressive Portfolio		100.0%	-0.6%	2.3%	-0.1%	-1.9%

	ETF	%	Return	Volatility	Sharpe
Equity	MISL	25.0%	0.0%	11.3%	0.41
Bond	BND	50.0%	1.3%	5.5%	-0.30
Gold	GLD	10.0%	11.1%	16.6%	0.48
Commodity	DBC	2.5%	7.6%	17.5%	0.35
Real Estate	VNQ	5.0%	6.3%	17.6%	0.28
Bitcoin	BTCUSD	0.0%	58.8%	76.6%	0.93
Cash	GOVT	7.5%	0.4%	5.2%	-0.50
Conservative Portfolio		100.0%	4.1%	6.1%	0.21

	ETF	%	Return	Volatility	Sharpe
Equity	MISL	55.0%	0.0%	11.3%	0.41
Bond	BND	25.0%	1.3%	5.5%	-0.30
Gold	GLD	7.0%	11.1%	16.6%	0.48
Commodity	DBC	4.0%	7.6%	17.5%	0.35
Real Estate	VNQ	5.0%	6.3%	17.6%	0.28
Bitcoin	BTCUSD	2.0%	58.8%	76.6%	0.93
Cash	GOVT	2.0%	0.4%	5.2%	-0.50
Moderate Portfolio		100.0%	7.3%	8.0%	0.57

	ETF	%	Return	Volatility	Sharpe
Equity	MISL	80.0%	0.0%	11.3%	0.41
Bond	BND	5.0%	1.3%	5.5%	-0.30
Gold	GLD	3.0%	11.1%	16.6%	0.48
Commodity	DBC	2.2%	7.6%	17.5%	0.35
Real Estate	VNQ	4.5%	6.3%	17.6%	0.28
Bitcoin	BTCUSD	5.2%	58.8%	76.6%	0.93
Cash	GOVT	0.0%	0.4%	5.2%	-0.50
Aggressive Portfolio		100.0%	10.7%	10.8%	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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Top 20 Holdings for MISL

Total Weights
Top 5: 37.3% | Top 10: 59.7% | Top 20: 86.6%

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	28.1	+10.7%	+14.9%
Top 20		86.57%	78.20%	87.05%	2.8	29.3	+11.2%	+14.9%
GE	GE Aerospace	8.65%	3.79%	7.56%	6.1	36.0	+11.7%	+12.5%
RTX	RTX	8.42%	8.62%	8.69%	2.6	24.4	+8.1%	+6.2%
BA	Boeing	7.13%	14.27%	13.25%	1.3	121.3	+12.8%	—
SPCX	Space Exploration Technologies	6.69%	0.37%	—	10.7	87.4	+242.5%	+662.0%
PLTR	Palantir Technologies	6.41%	0.33%	1.92%	31.8	62.9	+54.0%	+50.7%
LMT	Lockheed Martin	4.65%	7.68%	7.28%	1.6	18.0	+7.4%	+8.2%
LHX	L3Harris Technologies	4.54%	6.15%	6.16%	2.0	19.6	+7.0%	+10.3%
NOC	Northrop Grumman	4.45%	7.11%	8.49%	1.7	18.5	+6.6%	-0.5%
TDG	TransDigm	4.37%	1.92%	4.41%	5.7	24.8	+7.3%	+16.6%
HEI	Heico	4.33%	1.35%	2.55%	7.9	45.7	+8.7%	+12.7%
GD	General Dynamics	4.31%	7.11%	6.74%	1.6	19.0	+5.5%	+10.0%
HONA	Honeywell Aerospace	4.17%	4.12%	2.61%	2.7	19.0	+7.7%	+12.0%
HWM	Howmet Aerospace	3.87%	1.23%	2.98%	7.6	33.6	+13.8%	+19.6%
RKLB	Rocket Lab	3.77%	0.24%	—	30.0	—	+39.9%	—
WWD	Woodward	2.09%	1.28%	1.94%	4.1	29.2	+9.9%	+18.2%
FTAI	FTAI Aviation	2.05%	1.09%	1.94%	2.9	15.6	+70.0%	+135.0%
CW	Curtiss-Wright	1.85%	1.15%	1.96%	4.2	26.6	+8.4%	+12.5%
LDOS	Leidos	1.76%	5.54%	5.09%	0.9	10.9	+2.2%	-13.4%
TXT	Textron	1.55%	4.78%	3.47%	0.9	11.2	+5.5%	+8.3%
ASTS	AST SpaceMobile	1.49%	0.06%	—	18.3	—	+243.6%	—

[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 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 11/13	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
MISL	First Trust Indxx Aerospace & Defense ETF	100.00%	41.81	-0.6%	1.7%	-2.3%	3.0%	77.6%
GE	GE Aerospace	8.65%	331.81	0.3%	8.1%	8.2%	9.7%	260.7%	402.8%	147.6%
RTX	RTX	8.42%	198.58	0.1%	6.5%	9.5%	15.8%	161.3%	148.8%	295.4%
BA	Boeing	7.13%	171.50	-0.0%	-7.1%	-21.0%	-11.9%	-17.3%	-22.4%	24.9%
SPCX	Space Exploration Technologies	6.69%	139.11	-0.6%	-8.6%
PLTR	Palantir Technologies	6.41%	167.99	-2.1%	-16.4%	-5.5%	-2.4%	742.5%	635.8%
LMT	Lockheed Martin	4.65%	596.04	-1.3%	14.1%	25.5%	34.1%	45.3%	100.9%	191.8%
LHX	L3Harris Technologies	4.54%	272.35	0.2%	14.7%	-6.1%	-4.0%	53.8%	36.6%	213.1%
NOC	Northrop Grumman	4.45%	550.43	0.2%	11.0%	-2.3%	0.3%	24.0%	66.0%	161.2%
TDG	TransDigm	4.37%	1,217.28	1.2%	9.7%	-8.5%	-8.1%	42.9%	127.8%	588.2%
HEI	Heico	4.33%	340.18	0.2%	13.9%	5.2%	7.3%	100.0%	134.8%	801.9%
GD	General Dynamics	4.31%	363.46	0.1%	8.6%	9.9%	7.6%	55.4%	100.6%	168.6%
HONA	Honeywell Aerospace	4.17%	165.01	-0.5%	5.5%
HWM	Howmet Aerospace	3.87%	220.82	-1.0%	1.6%	7.9%	9.9%	332.1%	600.8%	1,410.5%
RKLB	Rocket Lab	3.77%	61.53	-4.0%	4.0%	-11.8%	36.0%	1,324.3%	328.2%
WWD	Woodward	2.09%	329.86	-0.6%	0.4%	9.4%	25.7%	148.2%	190.1%	416.7%
FTAI	FTAI Aviation	2.05%	180.20	-1.5%	10.7%	-7.7%	18.7%	346.4%	882.1%	2,726.0%
CW	Curtiss-Wright	1.85%	472.06	-1.0%	-5.7%	-14.3%	-13.4%	121.4%	261.6%	403.7%
LDOS	Leidos	1.76%	130.53	-0.4%	8.2%	-27.0%	-31.0%	28.6%	48.7%	217.9%
TXT	Textron	1.55%	83.65	-0.8%	13.3%	-4.0%	2.8%	8.8%	9.2%	87.8%
ASTS	AST SpaceMobile	1.49%	32.60	-5.5%	-22.6%	-55.1%	-46.9%	764.7%	153.7%

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%	-2%	107%
Peers Return	15%	-20%	33%	13%	40%	27%	144%
S&P 500 Return	27%	-19%	24%	23%	16%	11%	103%
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%	45%
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 11/13/2026 (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 11/13/2026

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%	41
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 11/13/2026

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%	6

[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 11/13/2026

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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
XLG	Invesco S&P 500 Top 50 ETF	-6.1%	61.10	11132026	65.07	10072026	37
MAGS	Roundhill Magnificent Seven ETF	-7.6%	68.66	11132026	74.30	10132026	31
QQQ	Invesco QQQ Trust, Series 1	-10.5%	679.89	11132026	759.66	10062026	38
QQQM	Invesco NASDAQ 100 ETF	-10.5%	279.97	11132026	312.76	10062026	38
ONEQ	Fidelity Nasdaq Composite Index ETF	-8.9%	99.11	11132026	108.77	10062026	38
QQEW	First Trust Nasdaq-100 Select Equal Weight ETF	-10.8%	148.97	11132026	167.03	8132026	92
IJH	iShares Core S&P Mid-Cap ETF	-6.2%	73.76	11132026	78.67	8162026	89
MDY	State Street SPDR S&P MIDCAP 400 ETF Trust	-6.2%	672.70	11132026	716.91	8162026	89
IVOO	Vanguard S&P Mid-Cap 400 ETF	-5.8%	124.94	11132026	132.68	8162026	89
IJR	iShares Core S&P Small-Cap ETF	-6.5%	140.62	11132026	150.44	8162026	89
VB	Vanguard Small-Cap ETF	-5.5%	291.36	11132026	308.38	8162026	89
IWM	iShares Russell 2000 ETF	-9.0%	277.54	11132026	305.09	8162026	89
SCHA	Schwab U.S. Small-Cap ETF	-8.8%	32.95	11132026	36.13	6302026	136
VTWO	Vanguard Russell 2000 ETF	-8.8%	112.13	11132026	122.90	8162026	89
DFAS	Dimensional U.S. Small Cap ETF	-5.8%	79.58	11132026	84.48	8162026	89
ESML	iShares ESG Aware MSCI USA Small-Cap ETF	-5.2%	53.69	11132026	56.64	8162026	89
VUG	Vanguard Growth ETF	-9.1%	84.23	11132026	92.64	10062026	38
IWF	iShares Russell 1000 Growth ETF	-11.1%	114.89	11132026	129.19	10062026	38
IVW	iShares S&P 500 Growth ETF	-9.3%	132.60	11132026	146.12	10062026	38
SCHG	Schwab U.S. Large-Cap Growth ETF	-7.8%	34.05	11132026	36.93	10062026	38
SPYG	State Street SPDR Portfolio S&P 500 Growth ETF	-9.2%	114.81	11132026	126.50	10062026	38
VONG	Vanguard Russell 1000 Growth ETF	-11.0%	118.32	11132026	133.00	10062026	38
MGK	Vanguard Mega Cap Growth ETF	-9.8%	85.79	11132026	95.11	10062026	38
IWP	iShares Russell Mid-Cap Growth ETF	-12.5%	129.23	11132026	147.70	8172026	88
VOT	Vanguard Mid-Cap Growth ETF	-8.0%	288.39	11132026	313.61	8162026	89
IJK	iShares S&P Mid-Cap 400 Growth ETF	-8.8%	108.59	11132026	119.11	8172026	88
MDYG	State Street SPDR S&P 400 Mid Cap Growth ETF	-8.9%	103.59	11132026	113.69	8172026	88
IWO	iShares Russell 2000 Growth ETF	-11.4%	350.37	11132026	395.65	8162026	89
VBK	Vanguard Small-Cap Growth ETF	-10.5%	327.49	11132026	365.91	8172026	88
IJT	iShares S&P Small-Cap 600 Growth ETF	-7.9%	164.90	11132026	179.07	8042026	101
SLYG	State Street SPDR S&P 600 Small Cap Growth ETF	-7.8%	110.18	11132026	119.50	8042026	101
AVUV	Avantis U.S. Small Cap Value ETF	-5.1%	122.22	11132026	128.74	8042026	101
IWN	iShares Russell 2000 Value ETF	-6.5%	212.75	11132026	227.43	8162026	89
IJS	iShares S&P Small-Cap 600 Value ETF	-5.5%	132.99	11132026	140.68	8162026	89
SLYV	State Street SPDR S&P 600 Small Cap Value ETF	-5.4%	106.15	11132026	112.22	8162026	89
VXUS	Vanguard Total International Stock ETF	-6.5%	82.64	11132026	88.41	9072026	67
VEU	Vanguard FTSE All-World Ex-US ETF	-6.1%	80.91	11132026	86.21	9072026	67
IXUS	iShares Core MSCI Total International Stock ETF	-6.2%	92.57	11132026	98.71	9072026	67
CWI	State Street SPDR MSCI ACWI ex-US ETF	-6.2%	39.29	11132026	41.90	9072026	67
CORO	iShares International Country Rotation Active ETF	-6.5%	35.11	11132026	37.54	9072026	67
VEA	Vanguard FTSE Developed Markets ETF	-5.7%	69.44	11132026	73.61	8252026	80
SCHF	Schwab International Equity ETF	-5.7%	26.95	11132026	28.59	8252026	80
SCZ	iShares MSCI EAFE Small-Cap ETF	-5.3%	82.89	11132026	87.57	9072026	67
VSS	Vanguard FTSE All-World EX-US Small-Cap Index Fund	-8.3%	148.07	11132026	161.45	8272026	78
SCHC	Schwab International Small-Cap Equity ETF	-7.7%	47.89	11132026	51.86	8272026	78
IEMG	iShares Core MSCI Emerging Markets ETF	-13.8%	74.15	11132026	86.00	6222026	144
VWO	Vanguard FTSE Emerging Markets ETF	-8.1%	56.38	11132026	61.32	9072026	67
EEM	iShares MSCI Emerging Markets ETF	-14.5%	60.92	11132026	71.21	6222026	144
SPEM	State Street SPDR Portfolio Emerging Markets ETF	-8.1%	49.11	11132026	53.41	9072026	67
SCHE	Schwab Emerging Markets Equity ETF	-7.8%	34.65	11132026	37.58	9072026	67
FNDE	Schwab Fundamental Emerging Markets Equity ETF	-6.4%	40.34	11132026	43.08	9072026	67
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-18.9%	30.24	11132026	37.30	6222026	144
EWY	iShares MSCI South Korea ETF	-34.9%	142.78	11132026	219.20	6212026	145
EWZ	iShares MSCI Brazil ETF	-26.0%	32.22	11132026	43.54	10122026	32
FXI	iShares China Large-Cap ETF	-8.3%	33.48	11132026	36.52	7302026	106
ILF	iShares Latin America 40 ETF	-15.4%	32.32	11132026	38.21	10122026	32
KWEB	KraneShares CSI China Internet ETF	-21.3%	22.93	11132026	29.12	8102026	95
CGDV	Capital Group Dividend Value ETF	-5.6%	48.56	11132026	51.44	8132026	92
JEPQ	J.P. Morgan Nasdaq Equity Premium Income ETF	-7.4%	56.19	11132026	60.70	10072026	37
QQQI	NEOS Nasdaq 100 High Income ETF	-8.7%	51.13	11132026	56.00	10062026	38
QYLD	Global X Funds Global X NASDAQ-100 Covered Call ETF	-5.4%	17.72	11132026	18.74	10152026	29
DYNF	iShares U.S. Equity Factor Rotation Active ETF	-5.4%	66.87	11132026	70.68	10062026	38
MTUM	iShares MSCI USA Momentum Factor ETF	-21.2%	67.98	11132026	86.31	6222026	144
SPHQ	Invesco S&P 500 Quality ETF	-6.8%	83.93	11132026	90.10	6302026	136
FNDA	Schwab Fundamental U.S. Small Company ETF	-6.0%	36.21	11132026	38.52	8162026	89
SPMO	Invesco S&P 500 Momentum ETF	-18.2%	132.31	11132026	161.66	6222026	144
VLUE	iShares MSCI USA Value Factor ETF	-7.9%	189.18	11132026	205.51	9072026	67
ARKK	ARK Innovation ETF	-19.2%	74.99	11132026	92.78	10052026	39
URA	Global X Uranium ETF	-40.4%	31.84	11132026	53.42	6022026	164
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-23.6%	31.23	11132026	40.90	5262026	171
ROBO	ROBO Global Robotics & Automation Index ETF	-20.2%	72.11	11132026	90.34	6022026	164
LIT	Global X Lithium & Battery Tech ETF	-32.8%	58.76	11132026	87.50	5282026	169
ICLN	iShares Global Clean Energy ETF	-33.4%	15.81	11132026	23.75	6022026	164
ARKQ	ARK Autonomous Technology & Robotics ETF	-25.0%	107.90	11132026	143.82	5282026	169
ARKW	ARK Next Generation Internet ETF	-14.8%	142.55	11132026	167.33	10062026	38
ARKX	ARK Space & Defense Innovation ETF	-22.6%	29.22	11132026	37.74	5282026	169
NASA	Tema Space Innovators ETF	-50.2%	20.87	11132026	41.89	5272026	170
THRO	iShares U.S. Thematic Rotation Active ETF	-5.3%	42.55	11132026	44.92	10062026	38
XOVR	EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF	-10.2%	20.14	11132026	22.43	10052026	39
AGIX	KraneShares Artificial Intelligence ETF	-20.1%	39.58	11132026	49.56	10062026	38
DRSK	Aptus Defined Risk ETF	-8.3%	26.94	11132026	29.39	6012026	165
ALLW	SSGA Active Trust State Street Bridgewater All Weather ETF	-7.0%	28.30	11132026	30.44	8252026	80
PCEF	Invesco CEF Income Composite ETF	-6.7%	18.98	11132026	20.35	8132026	92
YYY	Amplify CEF High Income ETF	-9.9%	10.24	11132026	11.37	8162026	89
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fund	-28.8%	50.80	11132026	71.30	8252026	80
RAAX	VanEck Real Assets ETF	-8.6%	38.41	11132026	42.01	8232026	82
VGT	Vanguard Information Technology ETF	-14.3%	111.18	11132026	129.80	10062026	38
XLK	State Street Technology Select Sector SPDR ETF	-15.7%	170.28	11132026	202.00	10062026	38
XLE	State Street Energy Select Sector SPDR ETF	-7.2%	64.96	11132026	70.02	11012026	12
XLI	State Street Industrial Select Sector SPDR ETF	-9.5%	168.78	11132026	186.51	8162026	89
XLC	State Street Communication Services Select Sector SPDR ETF	-6.8%	108.69	11132026	116.68	5182026	179
IYJ	iShares U.S. Industrials ETF	-5.9%	159.87	11132026	169.86	8042026	101
IYM	iShares U.S. Basic Materials ETF	-8.2%	180.35	11132026	196.45	8252026	80
FXN	First Trust Energy AlphaDEX Fund	-6.1%	23.47	11132026	25.00	11012026	12
SMH	VanEck Semiconductor ETF	-27.2%	486.75	11132026	668.91	6222026	144
SOXX	iShares Semiconductor ETF	-31.6%	149.30	11132026	218.34	6222026	144
XBI	State Street SPDR S&P Biotech ETF	-11.2%	150.55	11132026	169.55	8192026	86
ITA	iShares U.S. Aerospace & Defense ETF	-15.3%	71.51	11132026	84.41	8162026	89
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-9.8%	184.80	11132026	204.86	10262026	18
IGV	iShares Expanded Tech-Software Sector ETF	-10.2%	101.19	11132026	112.67	10112026	33
IYT	iShares U.S. Transportation ETF	-7.0%	83.71	11132026	90.01	7162026	120
IAI	iShares U.S. Broker-Dealers & Securities Exchanges ETF	-7.6%	183.09	11132026	198.06	9032026	71
KRE	State Street SPDR S&P Regional Banking ETF	-6.7%	72.74	11132026	77.93	8162026	89
MISL	First Trust Indxx Aerospace & Defense ETF	-15.0%	41.81	11132026	49.19	5282026	169
RING	iShares MSCI Global Gold Miners ETF	-23.7%	71.08	11132026	93.17	8252026	80
SOXQ	Invesco PHLX Semiconductor ETF	-30.6%	79.85	11132026	115.11	6222026	144
IGOV	iShares International Treasury Bond ETF	-5.7%	39.58	11132026	41.98	5312026	166
TLT	iShares 20+ Year Treasury Bond ETF	-7.8%	79.38	11132026	86.10	6292026	137
VGLT	Vanguard Long-Term Treasury ETF	-6.7%	51.03	11132026	54.67	6292026	137
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-7.0%	24.30	11132026	26.13	6292026	137
TLH	iShares 10-20 Year Treasury Bond ETF	-6.2%	93.58	11132026	99.78	6292026	137
EDV	Vanguard World Funds Extended Duration ETF	-11.7%	56.99	11132026	64.54	6242026	142
VCLT	Vanguard Long-Term Corporate Bond ETF	-6.6%	69.22	11132026	74.08	6292026	137
SPLB	State Street SPDR Portfolio Long Term Corporate Bond ETF	-7.2%	20.59	11132026	22.18	6292026	137
IGLB	iShares 10+ Year Investment Grade Corporate Bond ETF	-6.5%	46.12	11132026	49.32	6292026	137
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	-9.8%	18.34	11132026	20.34	10252026	19
DBC	Invesco DB Commodity Index Tracking Fund	-9.7%	30.79	11132026	34.10	10252026	19
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	-9.9%	35.40	11132026	39.30	10252026	19
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	-8.6%	24.50	11132026	26.81	9102026	64
FTGC	First Trust Global Tactical Commodity Strategy Fund	-8.4%	28.94	11132026	31.60	9102026	64
HGER	Harbor Commodity All-Weather Strategy ETF	-7.9%	33.62	11132026	36.50	10252026	19
GLD	SPDR Gold Trust	-17.0%	355.45	11132026	428.07	8252026	80
IAU	iShares Gold Trust	-17.0%	72.88	11132026	87.76	8252026	80
GLDM	SPDR Gold MiniShares Trust	-16.9%	76.70	11132026	92.35	8252026	80
SGOL	ETFS Physical Swiss Gold Shares	-17.4%	36.91	11132026	44.66	11122026	1
BAR	Direxion Daily Gold Bull 3X Shares	-13.9%	38.18	11132026	44.34	11122026	1
SLV	iShares Silver Trust	-36.9%	44.13	11132026	69.94	5182026	179
SIVR	ETFS Physical Silver Shares Trust ETF	-44.4%	46.40	11132026	83.39	11122026	1
PPLT	ETFS Physical Platinum Shares	-24.6%	13.50	11132026	17.90	5172026	180
PALL	ETFS Physical Palladium Shares	-29.7%	18.13	11132026	25.79	9032026	71
USO	United States Oil Fund LP	-14.1%	145.58	11132026	169.53	10252026	19
UNG	United States Natural Gas Fund LP	-16.3%	10.15	11132026	12.12	6042026	162
BNO	United States Brent Oil Fund LP ETV	-14.5%	61.06	11132026	71.39	11012026	12
REET	iShares Global REIT ETF	-6.3%	27.06	11132026	28.89	7262026	110
USRT	iShares Core U.S. REIT ETF	-6.1%	65.54	11132026	69.82	7262026	110
IBIT	iShares Bitcoin Trust ETF	-20.5%	38.94	11132026	49.01	9212026	53
FBTC	Fidelity Wise Origin Bitcoin Fund	-20.5%	59.86	11132026	75.31	9212026	53
GBTC	Grayscale Bitcoin Trust ETF	-14.2%	53.07	11132026	61.84	11122026	1
ETHA	iShares Ethereum Trust ETF	-27.2%	44.02	11132026	60.45	9282026	46

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.

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Asset Rotation Strategies

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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
SBC	SBC Medical	0.8	37.6%	70.5%
NMAX	Newsmax	1.2	31.4%	23.9%
LFTO	Liftoff Mobile	3.4	30.6%	-14.1%
MOD	Modine Manufacturing	7.2	27.9%	1.6%
FRMI	Fermi	1.7	26.7%	-67.4%
HAWK	Hawkeye 360	1.1	23.8%	-46.6%
TNDM	Tandem Diabetes Care	1.4	14.6%	-8.7%
UNIT	Uniti	1.2	13.5%	-30.4%
CBRS	Cerebras Systems	16.4	11.2%	-65.0%
LUCK	Lucky Strike Entertainment	0.5	10.6%	-58.3%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
RMIX	Suncrete	0.3	-37.4%	-53.4%
CADL	Candel Therapeutics	0.5	-26.1%	9.7%
HTFL	HeartFlow	4.2	-19.1%	66.2%
ZVRA	Zevra Therapeutics	0.5	-18.6%	1.3%
VIR	Vir Biotechnology	1.7	-17.8%	65.2%
YSS	York Space Systems	0.7	-12.4%	-82.8%
ENVX	Enovix	0.3	-11.4%	-78.1%
AOSL	Alpha & Omega Semiconductor	0.8	-10.9%	37.3%
USAS	Americas Gold And Silver	0.8	-10.4%	-51.1%
AEVA	Aeva Technologies	0.7	-10.3%	-20.3%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
FRMI	Fermi	1.7	66.2%	-67.4%
SBC	SBC Medical	0.8	45.8%	70.5%
MOD	Modine Manufacturing	7.2	40.4%	1.6%
AAON	AAON	6.6	40.3%	5.6%
BW	Babcock & Wilcox Enterprises	0.6	40.3%	-28.1%
DCTH	Delcath Systems	0.7	37.6%	103.5%
ANGX	Angel Studios	0.8	35.4%	-1.7%
LFTO	Liftoff Mobile	3.4	34.8%	-14.1%
NMAX	Newsmax	1.2	30.5%	23.9%
LQDA	Liquidia	5.1	29.3%	66.5%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
EMAT	Evolution Metals & Technologies	0.6	-52.3%	-95.6%
ADIG	ADI Global Distribution	0.8	-44.9%	-54.1%
RMIX	Suncrete	0.3	-42.2%	-53.4%
ENVX	Enovix	0.3	-42.0%	-78.1%
JANX	Janux Therapeutics	0.7	-35.5%	-17.6%
PAYS	PaySign	0.5	-35.2%	84.9%
CYPH	Cypherpunk Technologies	0.3	-35.1%	61.2%
IBRX	ImmunityBio	6.3	-30.3%	204.0%
CADL	Candel Therapeutics	0.5	-29.1%	9.7%
APPS	Digital Turbine	0.9	-26.7%	52.2%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
REPL	Replimune	2.3	86.3%	125.2%
SGRY	Surgery Partners	3.5	82.5%	74.4%
ULH	Universal Logistics	0.8	74.3%	95.8%
XERS	Xeris Biopharma	2.9	65.4%	112.2%
ONT	Onterris	0.8	65.1%	-6.4%
LQDA	Liquidia	5.1	65.1%	66.5%
GDYN	Grid Dynamics	1.1	64.9%	46.3%
VRDN	Viridian Therapeutics	3.3	57.8%	-0.8%
AXGN	Axogen	3.1	57.0%	70.9%
XNCR	Xencor	2.8	54.5%	142.3%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
MNTN	MNTN	0.4	-52.0%	-57.8%
RMIX	Suncrete	0.3	-49.6%	-53.4%
STLN	Starling Oncology	0.4	-49.3%	-32.3%
OPEN	Opendoor Technologies	1.1	-48.7%	-79.6%
IOVA	Iovance Biotherapeutics	3.5	-47.3%	184.2%
PCT	PureCycle Technologies	0.3	-46.6%	-80.2%
MPT	Medical Properties Trust	1.0	-46.3%	-64.5%
AESI	Atlas Energy Solutions	0.7	-46.0%	-40.9%
VCYT	Veracyte	1.9	-45.2%	-42.2%
BXBL	BOXABL	5.1	-44.4%	-82.8%

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)	0.5	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)	0.13	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	42.90	464.02	146.73	219.45	152.30	71.66	-
Premium/Discount	-2.5%	4.9%	1.8%	-3.2%	-1.1%	-0.2%	-0.7%
Distribution Yield	0.4%	0.2%	1.0%	0.2%	0.4%	0.0%	0.3%
Sales Yield	35.0%	9.6%	10.8%	12.3%	10.2%	33.8%	11.5%
Earnings Yield	3.0%	3.5%	3.2%	1.9%	1.5%	3.3%	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	10.4x	9.3x	8.2x	9.8x	3.0x	8.7x
P/E (TTM)	32.9x	28.3x	30.9x	53.5x	65.3x	30.6x	31.9x
P/FCF (TTM)	46.2x	35.6x	36.8x	166.1x	-	37.6x	37.6x
Forward P/E	28.1x	-	-	-	46.3x	27.1x	28.1x
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)	26.6%	42.8%	49.9%	23.6%	30.2%	24.1%	28.4%
Volatility (3Y)	21.3%	38.4%	41.6%	21.6%	28.3%	20.5%	25.0%
Volatility (5Y)	20.1%	37.6%	39.8%	22.5%	32.7%	20.6%	27.6%
Beta (1Y)	1.17	2.43	2.71	0.87	1.18	0.97	1.18
Beta (3Y)	0.88	2.03	2.14	0.83	1.06	0.85	0.97
Beta (5Y)	0.82	1.79	1.86	0.87	1.17	0.81	1.02
Sharpe Ratio (1Y)	0.15	0.96	1.06	1.20	1.08	0.21	1.01
Sharpe Ratio (3Y)	1.05	1.22	1.04	1.02	1.06	1.15	1.06
Sharpe Ratio (5Y)	0.99	0.83	0.68	0.39	0.25	0.76	0.72
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%	-32.8%	-52.2%	-20.1%	-39.0%

Returns

	MISL	SMH	SOXX	IBB	XBI	ITA	Median
Name	First Trus.	VanEck Sem.	iShares Se.	iShares Bi.	State Stre.	iShares U..
1M Return	0.9%	-12.9%	-13.0%	2.5%	0.5%	3.7%	0.7%
3M Return	-12.6%	-18.1%	-19.9%	5.2%	-5.6%	-14.6%	-13.6%
6M Return	-6.0%	-12.5%	-11.9%	27.4%	15.2%	-1.3%	-3.6%
YTD Return	-2.3%	35.2%	48.7%	26.0%	23.5%	-0.1%	24.7%
1Y Return	0.6%	37.3%	49.5%	29.1%	32.4%	2.3%	30.7%
2Y Return	26.8%	89.1%	93.6%	43.3%	45.1%	37.7%	44.2%
3Y Return	83.5%	225.8%	181.2%	80.6%	118.0%	90.3%	104.1%

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

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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 (11/14/2026): $41.77

First Trust Indxx Aerospace & Defense ETF (MISL)

Market Price (11/14/2026): $41.77

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