MISLvsITAETF Comparison
VS
ETF 2
ITA
iShares U.S. Aerospace & Defense ETF
First Trust Indxx Aerospace & Defense ETF (MISL) belongs to the US Large Cap segment. iShares U.S. Aerospace & Defense ETF (ITA) is part of the segment. MISL's top 3 sector exposures are Industrials, Communication Services and Information Technology. In contrast, ITA's top sector exposures are Industrials, Materials and Information Technology. MISL is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.38% for ITA. MISL is up 2.38% year-to-date (YTD) with +$150M in YTD flows. ITA performs worse with 0.72% YTD performance, and +$581M 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 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MISL ITA | -4.11%+0.01% | -10.57%-8.80% | +2.38%+0.72% | +41.75%+39.42% | +98.22%+94.79% | n/a+111.24% |
| Flows | MISL ITA | +$35M+$240M | +$166M-$208M | +$150M+$581M | +$1.24B+$4.34B | +$1.33B+$2.94B | -+$5.54B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MISL ITA | +26.80%+26.42% | +20.94%+20.11% | +18.94%+19.14% | n/a+20.00% |
| Max drawdown | MISL ITA | -14.85%-15.79% | -15.22%-15.79% | -17.72%-15.79% | n/a-18.75% |
| Max drawdown duration | MISL ITA | 53d56d | 95d56d | 184d56d | n/a227d |
Trading data
MISL | ITA | |
Last sale 4/27/2026 at 1:30 PM | $43.88 | $216.04 |
| Previous close 04/27/2026 | $43.76 | $215.80 |
| Consolidated volume 04/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 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 4/27/2026 at 1:30 PM
Live
Closed
MISL | ITA | |
|---|---|---|
| Last price | $43.88 | $216.04 |
| 1D performance | +0.27% | +0.11% |
| AuM | $1.46 B | $13.41 B |
| E/R | 0.6% | 0.38% |
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 | 31 | 36 |
| 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
96.34%
Other
3.66%
ITA
USA
97.87%
Other
2.13%
Sectors
MISL
Industrials
85.12%
Other
14.88%
ITA
Industrials
90.12%
Other
9.88%
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Diversification
MISL
Total weight of top 15 holdings out of 15
78.69%
ITA
Total weight of top 15 holdings out of 15
85.18%
Top 15 holdings
Data as of March 31, 2026
MISL
LOCKHEED MARTIN
9.55%
RAYTHEON TECHNOLOGIES CORPORD
8.67%
GENERAL DYNAMICS
8.32%
GENERAL ELECTRIC
7.64%
BOEING U
7.42%
NORTHROP GRUMMAN
4.73%
HOWMET AEROSPACE INC
4.60%
L3 HARRIS TECHNOLOGIES
4.42%
AST SPACEMOBILE
3.61%
TRANSDIGM GROUP
3.54%
KYG3730V1059
3.35%
CURTISS WRIGHT
3.33%
HEICO
3.27%
US7731211089
3.24%
WOODWARD
3.00%
ITA
GENERAL ELECTRIC
19.03%
RAYTHEON TECHNOLOGIES CORPORD
16.55%
BOEING U
8.91%
GENERAL DYNAMICS
4.77%
L3 HARRIS TECHNOLOGIES
4.66%
LOCKHEED MARTIN
4.58%
NORTHROP GRUMMAN
4.58%
TRANSDIGM GROUP
4.53%
HOWMET AEROSPACE INC
4.50%
AXON ENTERPRISE INC
2.83%
US7731211089
2.55%
KYG3730V1059
2.12%
CURTISS WRIGHT
2.12%
WOODWARD
1.80%
ATI INC
1.67%
Frequently asked questions about MISL and ITA
How have the MISL and ITA ETFs performed in 2026?
As of April 24, 2026, MISL is up 2.38% year-to-date (YTD), while ITA has returned 0.72%. That puts MISL better performer ahead so far this year.
Which ETF is attracting more investor money: MISL or ITA?
Year-to-date, the MISL ETF saw +$150M in flows, compared to +$581M for ITA.
Which ETF is more volatile: MISL or ITA?
Over the past year, MISL had a volatility of 20.94%, while ITA experienced 20.11%.
Which ETF is bigger: MISL or ITA?
As of April 24, 2026, MISL holds $1.46 B in assets under management (AUM), while ITA manages $13.41 B.
What sectors do the MISL and ITA ETFs invest in?
MISL leans toward sectors like Industrials. Meanwhile, ITA focuses on Industrials.
What are the top holdings of the MISL ETF and ITA ETF?
MISL top holdings include LOCKHEED MARTIN, RAYTHEON TECHNOLOGIES CORPORD and GENERAL DYNAMICS. ITA holds in its top three: GENERAL ELECTRIC, RAYTHEON TECHNOLOGIES CORPORD and BOEING U.
Which ETF is more diversified: MISL or ITA?
MISL holds 37 securities with 78.69% of its assets in the top 15. ITA has 45 securities and a top 15 weight of 85.18%.
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