ARKXvsMISLETF Comparison
VS
ETF 2
MISL
First Trust Indxx Aerospace & Defense ETF
ARK Space & Defense Innovation ETF (ARKX) belongs to the Multiple Trends segment. First Trust Indxx Aerospace & Defense ETF (MISL) is part of the segment. ARKX's top 3 sector exposures are Industrials, Technology and Consumer Non-Cyclicals. In contrast, MISL's top sector exposures are Industrials, Business Services and Telecommunications. ARKX is more expensive with a Total Expense Ratio (TER) of 0.76%, versus 0.6% for MISL. ARKX is up 2.06% year-to-date (YTD) with +$275M in YTD flows. MISL performs better with 3.35% YTD performance, and -$592M in YTD flows. Run a side-by-side ETF comparison of ARKX and MISL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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ARKX vs MISL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ARKX MISL | -7.71%-1.86% | -6.22%+1.51% | +2.06%+3.35% | +16.11%+13.08% | +100.83%+91.14% | +50.13%n/a |
| Flows | ARKX MISL | -$47M-$27M | -$37M-$742M | +$275M-$592M | +$352M+$487M | +$310M+$584M | +$126M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ARKX MISL | +36.29%+28.63% | +32.66%+24.19% | +27.91%+20.18% | +27.24%n/a |
| Max drawdown | ARKX MISL | -19.62%-14.16% | -20.35%-16.91% | -25.02%-17.72% | -43.56%n/a |
| Max drawdown duration | ARKX MISL | 61d61d | 114d190d | 130d184d | 1238dn/a |
Trading data
ARKX | MISL | |
Last sale 7/29/2026 at 7:16 PM | $30.26 | $43.07 |
| Previous close 07/28/2026 | $30.57 | $44.19 |
| Consolidated volume 07/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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ARKX
is actively managed and doesn’t replicate an indexARKX | MISL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/29/2026 at 7:16 PM
Live
Closed
ARKX | MISL | |
|---|---|---|
| Last price | $30.26 | $43.07 |
| 1D performance | -1.01% | -2.53% |
| AuM | $790.52 M | $748.76 M |
| E/R | 0.76% | 0.6% |
Characteristics
ARKX | MISL | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Ark Investment | First Trust |
| Benchmark | - | Indxx US Aerospace and Defense Index |
| N° of holdings | 33 | 38 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 30, 2021 | October 26, 2022 |
| ESG | No | No |
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Exposure
Countries
ARKX
USA
78.96%
Other
21.04%
MISL
USA
92.43%
Other
7.57%
Sectors
ARKX
Industrials
50.29%
Technology
24.69%
Other
25.01%
MISL
Industrials
80.23%
Business Services
8.28%
Other
11.49%
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Diversification
ARKX
Total weight of top 15 holdings out of 15
70.93%
MISL
Total weight of top 15 holdings out of 15
77.73%
Top 15 holdings
Data as of June 30, 2026
ARKX
US84615Q1031
8.81%
L3Harris Technologies, Inc.
6.50%
Rocket Lab Corp.
6.44%
Deere & Co.
6.08%
Advanced Micro Devices, Inc.
5.95%
Kratos Defense & Security Solutions, Inc.
5.44%
Teradyne, Inc.
4.79%
AeroVironment, Inc.
4.29%
Alphabet, Inc.
3.87%
Amazon.com, Inc.
3.85%
Iridium Communications, Inc.
3.84%
NVIDIA Corp.
2.90%
Archer Aviation, Inc.
2.77%
Trimble, Inc.
2.71%
Komatsu Ltd.
2.71%
MISL
GE Aerospace
8.93%
The Boeing Co.
7.38%
Palantir Technologies, Inc.
7.21%
US84615Q1031
7.19%
RTX Corp.
6.99%
Lockheed Martin Corp.
6.24%
Rocket Lab Corp.
5.40%
HEICO Corp.
4.45%
TransDigm Group, Inc.
3.98%
General Dynamics Corp.
3.98%
Howmet Aerospace, Inc.
3.89%
AST Spacemobile, Inc.
3.33%
L3Harris Technologies, Inc.
3.03%
Curtiss-Wright Corp.
2.90%
Northrop Grumman Corp.
2.83%
Frequently asked questions about ARKX and MISL
How have the ARKX and MISL ETFs performed in 2026?
As of July 28, 2026, ARKX is up 2.06% year-to-date (YTD), while MISL has returned 3.35%. That puts MISL better performer ahead so far this year.
Which ETF is attracting more investor money: ARKX or MISL?
Year-to-date, the ARKX ETF saw +$275M in flows, compared to -$592M for MISL.
Which ETF is more volatile: ARKX or MISL?
Over the past year, ARKX had a volatility of 32.66%, while MISL experienced 24.19%.
Which ETF is bigger: ARKX or MISL?
As of July 28, 2026, ARKX holds $790.52 M in assets under management (AUM), while MISL manages $748.76 M.
What sectors do the ARKX and MISL ETFs invest in?
ARKX leans toward sectors like Industrials and Technology. Meanwhile, MISL focuses on Industrials and Business Services.
What are the top holdings of the ARKX ETF and MISL ETF?
ARKX top holdings include US84615Q1031, L3Harris Technologies, Inc. and Rocket Lab Corp.. MISL holds in its top three: GE Aerospace, The Boeing Co. and Palantir Technologies, Inc..
Which ETF is more diversified: ARKX or MISL?
ARKX holds 36 securities with 70.93% of its assets in the top 15. MISL has 38 securities and a top 15 weight of 77.73%.
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Latest news about ARKX & MISL
Tony's ETF Buyer's Guide: Investing in the Space Industry
May 15, 2026
ARKX
There's an ETF for that? The 3 Best ETFs for Investing in Space
March 20, 2024
ARKX
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