SHLDvsMISLETF Comparison
VS
ETF 2
MISL
First Trust Indxx Aerospace & Defense ETF
Global X Defense Tech ETF (SHLD) belongs to the US Large Cap segment. First Trust Indxx Aerospace & Defense ETF (MISL) is part of the segment. SHLD's top 3 sector exposures are Industrials and Information Technology. In contrast, MISL's top sector exposures are Industrials and Communication Services.Information Technology, SHLD is less expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.6% for MISL. SHLD is up 3.5% year-to-date (YTD) with +$2.98B in YTD flows. MISL performs worse with 2.56% YTD performance, and +$150M in YTD flows. Run a side-by-side ETF comparison of SHLD and MISL 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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SHLD vs MISL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SHLD MISL | -2.30%-1.00% | -12.89%-11.78% | +3.50%+2.56% | +33.71%+39.69% | n/a+101.74% | n/an/a |
| Flows | SHLD MISL | +$273M+$58M | +$1.80B+$171M | +$2.98B+$150M | +$5.93B+$1.25B | -+$1.33B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SHLD MISL | +26.44%+26.57% | +21.61%+20.96% | n/a+18.90% | n/an/a |
| Max drawdown | SHLD MISL | -13.18%-14.85% | -14.65%-15.22% | n/a-17.72% | n/an/a |
| Max drawdown duration | SHLD MISL | 50d56d | 91d98d | n/a184d | n/an/a |
Trading data
SHLD | MISL | |
Last sale 4/28/2026 at 1:30 PM | $67.11 | $43.55 |
| Previous close 04/28/2026 | $67.48 | $43.88 |
| Consolidated volume 04/28/2026 | ||
| 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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SHLD | MISL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/28/2026 at 1:30 PM
Live
Closed
SHLD | MISL | |
|---|---|---|
| Last price | $67.11 | $43.55 |
| 1D performance | -0.55% | -0.75% |
| AuM | $7.97 B | $1.47 B |
| E/R | 0.5% | 0.6% |
Characteristics
SHLD | MISL | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Global X | First Trust |
| Benchmark | Global X Defense Tech Index | Indxx US Aerospace and Defense Index |
| N° of holdings | 42 | 31 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 11, 2023 | October 26, 2022 |
| ESG | No | No |
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Exposure
Countries
SHLD
USA
58.5%
Republic of Korea
8.04%
Other
33.46%
MISL
USA
96.34%
Other
3.66%
Sectors
SHLD
Industrials
85.92%
Information Techn.
7.29%
Other
6.79%
MISL
Industrials
85.12%
Other
14.88%
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Diversification
SHLD
Total weight of top 15 holdings out of 15
78.94%
MISL
Total weight of top 15 holdings out of 15
78.69%
Top 15 holdings
Data as of March 31, 2026
SHLD
LOCKHEED MARTIN
9.35%
RAYTHEON TECHNOLOGIES CORPORD
7.95%
GENERAL DYNAMICS
7.42%
PALANTIR TECHNOLOGIES
6.10%
RHEINMETALL
6.06%
L3 HARRIS TECHNOLOGIES
4.98%
NORTHROP GRUMMAN
4.96%
BAE SYSTEMS
4.96%
HANWHA AEROSPACE
4.78%
LEONARDO SPA
4.29%
THALES
4.24%
SE0021921269
3.86%
ELBIT SYSTEMS
3.77%
LEIDOS HOLDINGS INC
3.29%
BWX TECHNOLOGIES INC
2.93%
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%
Frequently asked questions about SHLD and MISL
How have the SHLD and MISL ETFs performed in 2026?
As of April 28, 2026, SHLD is up 3.5% year-to-date (YTD), while MISL has returned 2.56%. That puts SHLD better performer ahead so far this year.
Which ETF is attracting more investor money: SHLD or MISL?
Year-to-date, the SHLD ETF saw +$2.98B in flows, compared to +$150M for MISL.
Which ETF is more volatile: SHLD or MISL?
Over the past year, SHLD had a volatility of 21.61%, while MISL experienced 20.96%.
Which ETF is bigger: SHLD or MISL?
As of April 28, 2026, SHLD holds $7.97 B in assets under management (AUM), while MISL manages $1.47 B.
What sectors do the SHLD and MISL ETFs invest in?
SHLD leans toward sectors like Industrials and Information Technology. Meanwhile, MISL focuses on Industrials.
What are the top holdings of the SHLD ETF and MISL ETF?
SHLD top holdings include LOCKHEED MARTIN, RAYTHEON TECHNOLOGIES CORPORD and GENERAL DYNAMICS. MISL holds in its top three: LOCKHEED MARTIN, RAYTHEON TECHNOLOGIES CORPORD and GENERAL DYNAMICS.
Which ETF is more diversified: SHLD or MISL?
SHLD holds 47 securities with 78.94% of its assets in the top 15. MISL has 37 securities and a top 15 weight of 78.69%.
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