MISLvsPPAETF Comparison
ETF 1
MISL
First Trust Indxx Aerospace & Defense ETF
VS
ETF 2
PPA
Invesco Aerospace & Defense ETF
First Trust Indxx Aerospace & Defense ETF (MISL) and Invesco Aerospace & Defense ETF (PPA) belong to the same industry segment: . MISL's top 3 sector exposures are Industrials, Business Services and Telecommunications. In contrast, PPA's top sector exposures are Industrials, Technology and Non-Energy Materials. MISL is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.58% for PPA. MISL is down -1.11% year-to-date (YTD) with -$610M in YTD flows. PPA performs better with 3.46% YTD performance, and +$705M in YTD flows. Run a side-by-side ETF comparison of MISL and PPA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
MISL vs PPA 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 PPA | -10.91%-12.00% | -5.67%-8.08% | -1.11%+3.46% | +9.00%+8.58% | +92.35%+100.36% | n/a+129.71% |
| Flows | MISL PPA | -$11M+$44M | -$45M+$119M | -$610M+$705M | +$454M+$915M | +$553M+$2.92B | -+$4.04B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MISL PPA | +28.48%+20.43% | +25.80%+21.68% | +20.82%+18.75% | n/a+18.83% |
| Max drawdown | MISL PPA | -11.97%-13.10% | -16.91%-13.68% | -17.72%-15.16% | n/a-18.41% |
| Max drawdown duration | MISL PPA | 25d26d | 234d193d | 184d171d | n/a227d |
Trading data
MISL | PPA | |
Last sale 9/14/2026 at 1:30 PM | $42.44 | $160.65 |
| Previous close 09/11/2026 | $42.58 | $161.81 |
| 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
Create an account to view replication metrics
Join for free
MISL | PPA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 9/14/2026 at 1:30 PM
Live
Closed
MISL | PPA | |
|---|---|---|
| Last price | $42.44 | $160.65 |
| 1D performance | -0.33% | -0.72% |
| AuM | $699.57 M | $7.73 B |
| E/R | 0.6% | 0.58% |
Characteristics
MISL | PPA | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | Invesco |
| Benchmark | Indxx US Aerospace and Defense Index | SPADE Defense Index |
| N° of holdings | 38 | 61 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 26, 2022 | October 26, 2005 |
| ESG | No | No |
Advertisement
Exposure
Countries
MISL
USA
99.6%
Other
0.4%
PPA
USA
93.9%
Other
6.1%
Sectors
MISL
Industrials
76.86%
Business Services
12.3%
Telecommunication.
9.92%
Other
0.92%
PPA
Industrials
88.19%
Other
11.81%
Advertisement
Diversification
MISL
Total weight of top 15 holdings out of 15
78.08%
PPA
Total weight of top 15 holdings out of 15
69.6%
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%
PPA
RTX Corp.
8.49%
GE Aerospace
7.08%
The Boeing Co.
6.95%
Lockheed Martin Corp.
6.63%
General Dynamics Corp.
5.04%
Northrop Grumman Corp.
4.79%
Howmet Aerospace, Inc.
4.42%
L3Harris Technologies, Inc.
4.20%
Honeywell Aerospace, Inc.
4.15%
Parker-Hannifin Corp.
3.67%
Elbit Systems Ltd.
3.39%
Axon Enterprise, Inc.
3.29%
TransDigm Group, Inc.
3.18%
Amphenol Corp.
2.41%
Eaton Corp. Plc
1.91%
Frequently asked questions about MISL and PPA
How have the MISL and PPA ETFs performed in 2026?
As of September 10, 2026, MISL is down -1.11% year-to-date (YTD), while PPA has returned 3.46%. That puts PPA better performer ahead so far this year.
Which ETF is attracting more investor money: MISL or PPA?
Year-to-date, the MISL ETF saw -$610M in flows, compared to +$705M for PPA.
Which ETF is more volatile: MISL or PPA?
Over the past year, MISL had a volatility of 25.8%, while PPA experienced 21.68%.
Which ETF is bigger: MISL or PPA?
As of September 10, 2026, MISL holds $699.57 M in assets under management (AUM), while PPA manages $7.73 B.
What sectors do the MISL and PPA ETFs invest in?
MISL leans toward sectors like Industrials, Business Services and Telecommunications. Meanwhile, PPA focuses on Industrials.
What are the top holdings of the MISL ETF and PPA ETF?
MISL top holdings include Palantir Technologies, Inc., RTX Corp. and The Boeing Co.. PPA holds in its top three: RTX Corp., GE Aerospace and The Boeing Co..
Which ETF is more diversified: MISL or PPA?
MISL holds 38 securities with 78.08% of its assets in the top 15. PPA has 61 securities and a top 15 weight of 69.6%.
Advertisement
Latest news about MISL & PPA
ETF Model Portfolios: The Geopolitical Risk Thematic Hedge
July 2, 2026
PPA
Advertisement
Advertisement
