MISLvsPPAETF Comparison
Invesco Aerospace & Defense ETF
First Trust Indxx Aerospace & Defense ETF (MISL) belongs to the US Large Cap segment. Invesco Aerospace & Defense ETF (PPA) is part of the segment. MISL's top 3 sector exposures are Industrials, Communication Services and Information Technology. In contrast, PPA's top sector exposures are Industrials, Information Technology and Materials. MISL is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.58% for PPA. MISL is up 2.38% year-to-date (YTD) with +$150M in YTD flows. PPA performs better with 5.91% YTD performance, and +$716M 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.
MISL vs PPA performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MISL PPA | -4.11%+0.89% | -10.57%-6.84% | +2.38%+5.91% | +41.75%+38.24% | +98.22%+110.97% | n/a+129.08% |
| Flows | MISL PPA | +$35M+$80M | +$166M+$563M | +$150M+$716M | +$1.24B+$1.43B | +$1.33B+$2.97B | -+$4.02B |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MISL PPA | +26.80%+23.39% | +20.94%+18.22% | +18.94%+17.47% | n/a+18.26% |
| Max drawdown | MISL PPA | -14.85%-13.68% | -15.22%-13.68% | -17.72%-15.16% | n/a-18.41% |
| Max drawdown duration | MISL PPA | 53d56d | 95d56d | 184d171d | n/a227d |
MISL | PPA | |
Last sale 4/27/2026 at 1:30 PM | $43.88 | $165.81 |
| Previous close 04/27/2026 | $43.76 | $166.07 |
| Consolidated volume 04/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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MISL | PPA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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MISL | PPA | |
|---|---|---|
| Last price | $43.88 | $165.81 |
| 1D performance | +0.27% | -0.16% |
| AuM | $1.46 B | $7.93 B |
| E/R | 0.6% | 0.58% |
MISL | PPA | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | Invesco |
| Benchmark | Indxx US Aerospace and Defense Index | SPADE Defense Index |
| N° of holdings | 31 | 51 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 26, 2022 | October 26, 2005 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
