HVACvsMISLETF Comparison
VS
ETF 2
MISL
First Trust Indxx Aerospace & Defense ETF
AdvisorShares HVAC and Industrials ETF (HVAC) belongs to the Uncategorized Equities segment. First Trust Indxx Aerospace & Defense ETF (MISL) is part of the segment. HVAC's top 3 sector exposures are Industrials, Technology and Non-Energy Materials. In contrast, MISL's top sector exposures are Industrials, Business Services and Telecommunications. HVAC is more expensive with a Total Expense Ratio (TER) of 35.61%, versus 0.6% for MISL. HVAC is up 11.98% year-to-date (YTD) with +$11M in YTD flows. MISL performs worse with 1.82% YTD performance, and -$612M in YTD flows. Run a side-by-side ETF comparison of HVAC 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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HVAC vs MISL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HVAC MISL | -2.84%-6.29% | -12.60%-7.34% | +11.98%+1.82% | +16.36%+12.82% | n/a+91.90% | n/an/a |
| Flows | HVAC MISL | --$18M | +$3M-$45M | +$11M-$612M | +$12M+$451M | -+$551M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HVAC MISL | +41.70%+28.67% | +34.12%+25.69% | n/a+20.80% | n/an/a |
| Max drawdown | HVAC MISL | -25.04%-10.65% | -25.04%-16.91% | n/a-17.72% | n/an/a |
| Max drawdown duration | HVAC MISL | 78d50d | 78d228d | n/a184d | n/an/a |
Trading data
HVAC | MISL | |
Last sale 9/9/2026 at 6:47 PM | $34.00 | $42.84 |
| Previous close 09/08/2026 | $34.74 | $43.38 |
| Consolidated volume 09/08/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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HVAC
is actively managed and doesn’t replicate an indexHVAC | 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 9/9/2026 at 6:47 PM
Live
Closed
HVAC | MISL | |
|---|---|---|
| Last price | $34.00 | $42.84 |
| 1D performance | -2.13% | -1.24% |
| AuM | $14.22 M | $718.10 M |
| E/R | 35.61% | 0.6% |
Characteristics
HVAC | MISL | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | AdvisorShares | First Trust |
| Benchmark | - | Indxx US Aerospace and Defense Index |
| N° of holdings | 21 | 38 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 3, 2025 | October 26, 2022 |
| ESG | No | No |
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Exposure
Countries
HVAC
USA
90.96%
Other
9.04%
MISL
USA
99.6%
Other
0.4%
Sectors
HVAC
Industrials
69.8%
Technology
17.92%
Other
12.28%
MISL
Industrials
76.86%
Business Services
12.3%
Telecommunication.
9.92%
Other
0.92%
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Diversification
HVAC
Total weight of top 15 holdings out of 15
80.79%
MISL
Total weight of top 15 holdings out of 15
78.08%
Top 15 holdings
Data as of July 31, 2026
HVAC
Comfort Systems USA, Inc.
7.50%
Sterling Infrastructure, Inc.
7.33%
Belden, Inc.
6.11%
Amphenol Corp.
5.97%
Jabil, Inc.
5.84%
3M Co.
5.64%
AMETEK, Inc.
5.43%
GE Vernova, Inc.
5.39%
nVent Electric Plc
5.06%
Vertiv Holdings Co.
5.05%
Bloom Energy Corp.
4.61%
Caterpillar, Inc.
4.59%
Carrier Global Corp.
4.21%
Lennox International, Inc.
4.05%
Curtiss-Wright Corp.
4.01%
MISL
Palantir Technologies, Inc.
10.79%
RTX Corp.
8.52%
The Boeing Co.
7.61%
GE Aerospace
7.55%
Space Exploration Technologies Corp.
7.25%
Lockheed Martin Corp.
4.30%
Northrop Grumman Corp.
4.11%
General Dynamics Corp.
4.05%
Howmet Aerospace, Inc.
3.97%
HEICO Corp.
3.93%
L3Harris Technologies, Inc.
3.66%
TransDigm Group, Inc.
3.59%
Rocket Lab Corp.
3.54%
AST SpaceMobile, Inc.
2.67%
Curtiss-Wright Corp.
2.54%
Frequently asked questions about HVAC and MISL
How have the HVAC and MISL ETFs performed in 2026?
As of September 8, 2026, HVAC is up 11.98% year-to-date (YTD), while MISL has returned 1.82%. That puts HVAC better performer ahead so far this year.
Which ETF is attracting more investor money: HVAC or MISL?
Year-to-date, the HVAC ETF saw +$11M in flows, compared to -$612M for MISL.
Which ETF is more volatile: HVAC or MISL?
Over the past year, HVAC had a volatility of 34.12%, while MISL experienced 25.69%.
Which ETF is bigger: HVAC or MISL?
As of September 8, 2026, HVAC holds $14.22 M in assets under management (AUM), while MISL manages $718.10 M.
What sectors do the HVAC and MISL ETFs invest in?
HVAC leans toward sectors like Industrials and Technology. Meanwhile, MISL focuses on Industrials, Business Services and Telecommunications.
What are the top holdings of the HVAC ETF and MISL ETF?
HVAC top holdings include Comfort Systems USA, Inc., Sterling Infrastructure, Inc. and Belden, Inc.. MISL holds in its top three: Palantir Technologies, Inc., RTX Corp. and The Boeing Co..
Which ETF is more diversified: HVAC or MISL?
HVAC holds 21 securities with 80.79% of its assets in the top 15. MISL has 38 securities and a top 15 weight of 78.08%.
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