MISLvsITAETF Comparison
ETF 1
MISL
First Trust Indxx Aerospace & Defense ETF
VS
ETF 2
ITA
iShares U.S. Aerospace & Defense ETF
First Trust Indxx Aerospace & Defense ETF (MISL) and iShares U.S. Aerospace & Defense ETF (ITA) belong to the same industry segment: . MISL's top 3 sector exposures are Industrials, Business Services and Telecommunications. In contrast, ITA's top sector exposures are Industrials, Non-Energy Materials and Non-Corporate. MISL is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.37% for ITA. MISL is down -1.11% year-to-date (YTD) with -$610M in YTD flows. ITA performs better with 2.21% YTD performance, and -$132M in YTD flows. Run a side-by-side ETF comparison of MISL and ITA 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 ITA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MISL ITA | -10.91%-13.03% | -5.67%-7.10% | -1.11%+2.21% | +9.00%+10.06% | +92.35%+102.76% | n/a+120.29% |
| Flows | MISL ITA | -$11M-$192M | -$45M+$54M | -$610M-$132M | +$454M+$2.62B | +$553M+$2.64B | -+$4.94B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MISL ITA | +28.48%+21.53% | +25.80%+23.49% | +20.82%+20.32% | n/a+20.51% |
| Max drawdown | MISL ITA | -11.97%-13.82% | -16.91%-15.79% | -17.72%-15.79% | n/a-18.75% |
| Max drawdown duration | MISL ITA | 25d26d | 234d122d | 184d122d | n/a227d |
Trading data
MISL | ITA | |
Last sale 9/14/2026 at 1:30 PM | $42.44 | $216.77 |
| Previous close 09/11/2026 | $42.58 | $219.01 |
| Consolidated volume 09/11/2026 | ||
| 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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MISL | ITA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/14/2026 at 1:30 PM
Live
Closed
MISL | ITA | |
|---|---|---|
| Last price | $42.44 | $216.77 |
| 1D performance | -0.33% | -1.02% |
| AuM | $699.57 M | $12.88 B |
| E/R | 0.6% | 0.37% |
Characteristics
MISL | ITA | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | iShares |
| Benchmark | Indxx US Aerospace and Defense Index | Dow Jones U.S. Select Aerospace & Defense Index |
| N° of holdings | 38 | 48 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 26, 2022 | May 1, 2006 |
| ESG | No | No |
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Exposure
Countries
MISL
USA
99.6%
Other
0.4%
ITA
USA
99.94%
Other
0.06%
Sectors
MISL
Industrials
76.86%
Business Services
12.3%
Telecommunication.
9.92%
Other
0.92%
ITA
Industrials
96.34%
Other
3.66%
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Diversification
MISL
Total weight of top 15 holdings out of 15
78.08%
ITA
Total weight of top 15 holdings out of 15
87%
Top 15 holdings
Data as of July 31, 2026
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%
ITA
GE Aerospace
21.92%
RTX Corp.
17.08%
The Boeing Co.
9.26%
General Dynamics Corp.
4.77%
Howmet Aerospace, Inc.
4.73%
Lockheed Martin Corp.
4.66%
TransDigm Group, Inc.
4.39%
Northrop Grumman Corp.
4.20%
L3Harris Technologies, Inc.
3.62%
Axon Enterprise, Inc.
3.03%
Rocket Lab Corp.
2.36%
Curtiss-Wright Corp.
1.89%
Carpenter Technology Corp.
1.79%
ATI, Inc.
1.78%
Woodward, Inc.
1.52%
Frequently asked questions about MISL and ITA
How have the MISL and ITA ETFs performed in 2026?
As of September 10, 2026, MISL is down -1.11% year-to-date (YTD), while ITA has returned 2.21%. That puts ITA better performer ahead so far this year.
Which ETF is attracting more investor money: MISL or ITA?
Year-to-date, the MISL ETF saw -$610M in flows, compared to -$132M for ITA.
Which ETF is more volatile: MISL or ITA?
Over the past year, MISL had a volatility of 25.8%, while ITA experienced 23.49%.
Which ETF is bigger: MISL or ITA?
As of September 10, 2026, MISL holds $699.57 M in assets under management (AUM), while ITA manages $12.88 B.
What sectors do the MISL and ITA ETFs invest in?
MISL leans toward sectors like Industrials, Business Services and Telecommunications. Meanwhile, ITA focuses on Industrials.
What are the top holdings of the MISL ETF and ITA ETF?
MISL top holdings include Palantir Technologies, Inc., RTX Corp. and The Boeing Co.. ITA holds in its top three: GE Aerospace, RTX Corp. and The Boeing Co..
Which ETF is more diversified: MISL or ITA?
MISL holds 38 securities with 78.08% of its assets in the top 15. ITA has 50 securities and a top 15 weight of 87%.
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