MISLvsXLIETF Comparison
ETF 1
MISL
First Trust Indxx Aerospace & Defense ETF
VS
First Trust Indxx Aerospace & Defense ETF (MISL) belongs to the segment. State Street Industrial Select Sector SPDR ETF (XLI) is part of the US Industrials segment. MISL's top 3 sector exposures are Industrials, Business Services and Telecommunications. In contrast, XLI's top sector exposures are Industrials, Business Services and Non-Energy Materials. MISL is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.08% for XLI. MISL is down -1.11% year-to-date (YTD) with -$610M in YTD flows. XLI performs better with 11.76% YTD performance, and +$2.91B in YTD flows. Run a side-by-side ETF comparison of MISL and XLI 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 XLI 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 XLI | -10.91%-7.17% | -5.67%-1.32% | -1.11%+11.76% | +9.00%+14.29% | +92.35%+70.38% | n/a+81.85% |
| Flows | MISL XLI | -$11M-$1.04B | -$45M+$1.04B | -$610M+$2.91B | +$454M+$4.61B | +$553M+$6.33B | -+$3.58B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MISL XLI | +28.48%+16.51% | +25.80%+17.25% | +20.82%+16.78% | n/a+17.69% |
| Max drawdown | MISL XLI | -11.97%-8.55% | -16.91%-12.21% | -17.72%-18.43% | n/a-21.70% |
| Max drawdown duration | MISL XLI | 25d26d | 234d102d | 184d165d | n/a526d |
Trading data
MISL | XLI | |
Last sale 9/11/2026 at 1:30 PM | $42.58 | $172.37 |
| Previous close 09/10/2026 | $42.29 | $170.55 |
| Consolidated volume 09/10/2026 | ||
| 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 | XLI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
MISL | XLI | |
|---|---|---|
| Last price | $42.58 | $172.37 |
| 1D performance | +0.69% | +1.07% |
| AuM | $699.57 M | $31.28 B |
| E/R | 0.6% | 0.08% |
Characteristics
MISL | XLI | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | State Street Investment Management |
| Benchmark | Indxx US Aerospace and Defense Index | S&P Industrial Select Sector Index |
| N° of holdings | 38 | 81 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 26, 2022 | December 16, 1998 |
| ESG | No | No |
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Exposure
Countries
MISL
USA
99.6%
Other
0.4%
XLI
USA
92.91%
Other
7.09%
Sectors
MISL
Industrials
76.86%
Business Services
12.3%
Telecommunication.
9.92%
Other
0.92%
XLI
Industrials
89.11%
Other
10.89%
Diversification
MISL
Total weight of top 15 holdings out of 15
78.08%
XLI
Total weight of top 15 holdings out of 15
49.36%
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%
XLI
GE Aerospace
6.71%
Caterpillar, Inc.
6.70%
RTX Corp.
5.17%
GE Vernova, Inc.
4.75%
Union Pacific Corp.
3.10%
The Boeing Co.
3.04%
Eaton Corp. Plc
2.88%
Deere & Co.
2.66%
Uber Technologies, Inc.
2.56%
Parker-Hannifin Corp.
2.20%
Lockheed Martin Corp.
2.11%
Howmet Aerospace, Inc.
2.02%
Automatic Data Processing, Inc.
1.90%
Trane Technologies Plc
1.80%
Quanta Services, Inc.
1.79%
Frequently asked questions about MISL and XLI
How have the MISL and XLI ETFs performed in 2026?
As of September 10, 2026, MISL is down -1.11% year-to-date (YTD), while XLI has returned 11.76%. That puts XLI better performer ahead so far this year.
Which ETF is attracting more investor money: MISL or XLI?
Year-to-date, the MISL ETF saw -$610M in flows, compared to +$2.91B for XLI.
Which ETF is more volatile: MISL or XLI?
Over the past year, MISL had a volatility of 25.8%, while XLI experienced 17.25%.
Which ETF is bigger: MISL or XLI?
As of September 10, 2026, MISL holds $699.57 M in assets under management (AUM), while XLI manages $31.28 B.
What sectors do the MISL and XLI ETFs invest in?
MISL leans toward sectors like Industrials, Business Services and Telecommunications. Meanwhile, XLI focuses on Industrials.
What are the top holdings of the MISL ETF and XLI ETF?
MISL top holdings include Palantir Technologies, Inc., RTX Corp. and The Boeing Co.. XLI holds in its top three: GE Aerospace, Caterpillar, Inc. and RTX Corp..
Which ETF is more diversified: MISL or XLI?
MISL holds 38 securities with 78.08% of its assets in the top 15. XLI has 81 securities and a top 15 weight of 49.36%.
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