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 down -3.38% year-to-date (YTD) with +$9M in YTD flows. MISL performs worse with -4.65% YTD performance, and -$622M 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 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HVAC MISL | -12.37%-4.53% | -20.22%-6.16% | -3.38%-4.65% | -6.04%-5.49% | n/a+86.45% | n/an/a |
| Flows | HVAC MISL | -$1M-$14M | -$1M-$43M | +$9M-$622M | +$10M+$429M | -+$532M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HVAC MISL | +37.69%+22.01% | +35.58%+25.28% | n/a+20.67% | n/an/a |
| Max drawdown | HVAC MISL | -20.25%-15.12% | -30.91%-19.82% | n/a-19.82% | n/an/a |
| Max drawdown duration | HVAC MISL | 67d68d | 123d277d | n/a277d | n/an/a |
Trading data
HVAC | MISL | |
Last sale 10/26/2026 at 1:30 PM | $30.42 | $41.61 |
| Previous close 10/23/2026 | $29.91 | $40.77 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 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 10/26/2026 at 1:30 PM
Live
Closed
HVAC | MISL | |
|---|---|---|
| Last price | $30.42 | $41.61 |
| 1D performance | +1.70% | +2.06% |
| AuM | $11.23 M | $662.27 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 | 20 | 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
85.54%
Other
14.46%
MISL
USA
99.56%
Other
0.44%
Sectors
HVAC
Industrials
72.3%
Technology
16.45%
Other
11.25%
MISL
Industrials
75.5%
Business Services
13.13%
Telecommunication.
10.38%
Other
0.99%
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Diversification
HVAC
Total weight of top 15 holdings out of 15
78.41%
MISL
Total weight of top 15 holdings out of 15
78.47%
Top 15 holdings
Data as of August 31, 2026
HVAC
Comfort Systems USA, Inc.
7.01%
Amphenol Corp.
6.24%
Belden, Inc.
6.04%
3M Co.
5.93%
Vertiv Holdings Co.
5.72%
AMETEK, Inc.
5.65%
nVent Electric Plc
5.20%
Bloom Energy Corp.
5.03%
Quanta Services, Inc.
4.91%
Madison Air Solutions Corp.
4.68%
GE Vernova, Inc.
4.61%
Ferguson Enterprises, Inc.
4.56%
Carrier Global Corp.
4.44%
Flowserve Corp.
4.22%
Jabil, Inc.
4.17%
MISL
Palantir Technologies, Inc.
11.60%
RTX Corp.
8.56%
Space Exploration Technologies Corp.
8.00%
The Boeing Co.
7.57%
GE Aerospace
7.53%
Lockheed Martin Corp.
4.25%
Northrop Grumman Corp.
4.04%
General Dynamics Corp.
4.03%
Howmet Aerospace, Inc.
3.85%
HEICO Corp.
3.79%
L3Harris Technologies, Inc.
3.71%
TransDigm Group, Inc.
3.66%
Rocket Lab Corp.
3.15%
AST SpaceMobile, Inc.
2.38%
Curtiss-Wright Corp.
2.35%
Frequently asked questions about HVAC and MISL
How have the HVAC and MISL ETFs performed in 2026?
As of October 23, 2026, HVAC is down -3.38% year-to-date (YTD), while MISL has lost -4.65%. 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 +$9M in flows, compared to -$622M for MISL.
Which ETF is more volatile: HVAC or MISL?
Over the past year, HVAC had a volatility of 35.58%, while MISL experienced 25.28%.
Which ETF is bigger: HVAC or MISL?
As of October 23, 2026, HVAC holds $11.23 M in assets under management (AUM), while MISL manages $662.27 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., Amphenol Corp. and Belden, Inc.. MISL holds in its top three: Palantir Technologies, Inc., RTX Corp. and Space Exploration Technologies Corp..
Which ETF is more diversified: HVAC or MISL?
HVAC holds 20 securities with 78.41% of its assets in the top 15. MISL has 38 securities and a top 15 weight of 78.47%.
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