MISLvsHVACETF Comparison
ETF 1
MISL
First Trust Indxx Aerospace & Defense ETF
VS
First Trust Indxx Aerospace & Defense ETF (MISL) belongs to the segment. AdvisorShares HVAC and Industrials ETF (HVAC) is part of the Uncategorized Equities segment. MISL's top 3 sector exposures are Industrials, Business Services and Telecommunications. In contrast, HVAC's top sector exposures are Industrials, Technology and Non-Energy Materials. MISL is less expensive with a Total Expense Ratio (TER) of 0.6%, versus 35.61% for HVAC. MISL is down -0.07% year-to-date (YTD) with -$624M in YTD flows. HVAC performs worse with -1.46% YTD performance, and +$9M in YTD flows. Run a side-by-side ETF comparison of MISL and HVAC 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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MISL vs HVAC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MISL HVAC | +2.07%-10.03% | +0.70%-11.95% | -0.07%-1.46% | -1.17%-6.72% | +95.25%n/a | n/an/a |
| Flows | MISL HVAC | -$12M-$1M | -$32M-$1M | -$624M+$9M | +$427M+$10M | +$530M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MISL HVAC | +21.45%+33.66% | +25.49%+35.95% | +20.77%n/a | n/an/a |
| Max drawdown | MISL HVAC | -15.12%-20.25% | -19.82%-30.91% | -19.82%n/a | n/an/a |
| Max drawdown duration | MISL HVAC | 74d74d | 283d130d | 283dn/a | n/an/a |
Trading data
MISL | HVAC | |
Last sale 10/30/2026 at 1:30 PM | $41.54 | $30.47 |
| Previous close 10/29/2026 | $42.72 | $31.88 |
| Consolidated volume 10/29/2026 | ||
| 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 indexMISL | HVAC | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
MISL | HVAC | |
|---|---|---|
| Last price | $41.54 | $30.47 |
| 1D performance | -2.76% | -4.42% |
| AuM | $691.98 M | $11.45 M |
| E/R | 0.6% | 35.61% |
Characteristics
MISL | HVAC | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | First Trust | AdvisorShares |
| Benchmark | Indxx US Aerospace and Defense Index | - |
| N° of holdings | 39 | 22 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 26, 2022 | February 3, 2025 |
| ESG | No | No |
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Exposure
Countries
MISL
USA
99.78%
Other
0.22%
HVAC
USA
86.89%
Other
13.11%
Sectors
MISL
Industrials
73.73%
Business Services
14.34%
Telecommunication.
11.21%
Other
0.72%
HVAC
Industrials
77.63%
Technology
13.19%
Other
9.18%
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Diversification
MISL
Total weight of top 15 holdings out of 15
78.84%
HVAC
Total weight of top 15 holdings out of 15
75.42%
Top 15 holdings
Data as of September 30, 2026
MISL
Palantir Technologies, Inc.
12.75%
Space Exploration Technologies Corp.
8.67%
RTX Corp.
8.03%
GE Aerospace
7.40%
The Boeing Co.
7.36%
Lockheed Martin Corp.
4.11%
Northrop Grumman Corp.
3.80%
General Dynamics Corp.
3.77%
HEICO Corp.
3.71%
Rocket Lab Corp.
3.70%
TransDigm Group, Inc.
3.62%
Howmet Aerospace, Inc.
3.59%
L3Harris Technologies, Inc.
3.49%
AST SpaceMobile, Inc.
2.54%
Curtiss-Wright Corp.
2.30%
HVAC
Comfort Systems USA, Inc.
7.51%
Bloom Energy Corp.
6.35%
nVent Electric Plc
5.56%
AMETEK, Inc.
5.46%
Vertiv Holdings Co.
5.13%
Generac Holdings, Inc.
5.05%
EMCOR Group, Inc.
4.99%
Quanta Services, Inc.
4.95%
Jabil, Inc.
4.66%
3M Co.
4.60%
Belden, Inc.
4.43%
Legence Corp.
4.41%
Ferguson Enterprises, Inc.
4.17%
Amphenol Corp.
4.10%
Parker-Hannifin Corp.
4.05%
Frequently asked questions about MISL and HVAC
How have the MISL and HVAC ETFs performed in 2026?
As of October 29, 2026, MISL is down -0.07% year-to-date (YTD), while HVAC has lost -1.46%. That puts MISL better performer ahead so far this year.
Which ETF is attracting more investor money: MISL or HVAC?
Year-to-date, the MISL ETF saw -$624M in flows, compared to +$9M for HVAC.
Which ETF is more volatile: MISL or HVAC?
Over the past year, MISL had a volatility of 25.49%, while HVAC experienced 35.95%.
Which ETF is bigger: MISL or HVAC?
As of October 29, 2026, MISL holds $691.98 M in assets under management (AUM), while HVAC manages $11.45 M.
What sectors do the MISL and HVAC ETFs invest in?
MISL leans toward sectors like Industrials, Business Services and Telecommunications. Meanwhile, HVAC focuses on Industrials and Technology.
What are the top holdings of the MISL ETF and HVAC ETF?
MISL top holdings include Palantir Technologies, Inc., Space Exploration Technologies Corp. and RTX Corp.. HVAC holds in its top three: Comfort Systems USA, Inc., Bloom Energy Corp. and nVent Electric Plc.
Which ETF is more diversified: MISL or HVAC?
MISL holds 39 securities with 78.84% of its assets in the top 15. HVAC has 22 securities and a top 15 weight of 75.42%.
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