XARvsMISLETF Comparison
ETF 1
XAR
State Street SPDR S&P Aerospace & Defense ETF
VS
ETF 2
MISL
First Trust Indxx Aerospace & Defense ETF
State Street SPDR S&P Aerospace & Defense ETF (XAR) and First Trust Indxx Aerospace & Defense ETF (MISL) belong to the same industry segment: . XAR's top 3 sector exposures are Industrials, Non-Energy Materials and Technology. In contrast, MISL's top sector exposures are Industrials, Business Services and Telecommunications. XAR is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.6% for MISL. XAR is down -6.46% year-to-date (YTD) with +$920M in YTD flows. MISL performs better with -2.74% YTD performance, and -$624M in YTD flows. Run a side-by-side ETF comparison of XAR 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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XAR vs MISL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XAR MISL | -3.89%-0.73% | -17.18%-5.89% | -6.46%-2.74% | -9.80%-4.16% | +102.14%+90.03% | +93.61%n/a |
| Flows | XAR MISL | -$322M-$12M | +$57M-$32M | +$920M-$624M | +$921M+$427M | +$1.95B+$530M | +$2.46B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XAR MISL | +24.49%+22.17% | +29.03%+25.34% | +24.23%+20.72% | +24.02%n/a |
| Max drawdown | XAR MISL | -26.51%-15.12% | -26.51%-19.82% | -26.51%-19.82% | -27.60%n/a |
| Max drawdown duration | XAR MISL | 73d73d | 73d282d | 73d282d | 608dn/a |
Trading data
XAR | MISL | |
Last sale 10/29/2026 at 1:30 PM | $235.29 | $42.72 |
| Previous close 10/28/2026 | $224.98 | $41.56 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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XAR | 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 10/29/2026 at 1:30 PM
Live
Closed
XAR | MISL | |
|---|---|---|
| Last price | $235.29 | $42.72 |
| 1D performance | +4.58% | +2.79% |
| AuM | $5.07 B | $673.50 M |
| E/R | 0.35% | 0.6% |
Characteristics
XAR | MISL | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | First Trust |
| Benchmark | S&P Aerospace & Defense Select Industry Index | Indxx US Aerospace and Defense Index |
| N° of holdings | 47 | 38 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 28, 2011 | October 26, 2022 |
| ESG | No | No |
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Exposure
Countries
XAR
USA
98.7%
Other
1.3%
MISL
USA
99.56%
Other
0.44%
Sectors
XAR
Industrials
93.67%
Other
6.33%
MISL
Industrials
75.5%
Business Services
13.13%
Telecommunication.
10.38%
Other
0.99%
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Diversification
XAR
Total weight of top 15 holdings out of 15
45.91%
MISL
Total weight of top 15 holdings out of 15
78.47%
Top 15 holdings
Data as of August 31, 2026
XAR
Axon Enterprise, Inc.
3.61%
VSE Corp.
3.43%
RTX Corp.
3.34%
Archer Aviation, Inc.
3.26%
ATI, Inc.
3.17%
General Dynamics Corp.
3.10%
Lockheed Martin Corp.
3.03%
GE Aerospace
3.00%
HEICO Corp.
2.94%
Hexcel Corp.
2.88%
Huntington Ingalls Industries, Inc.
2.87%
Northrop Grumman Corp.
2.84%
The Boeing Co.
2.83%
StandardAero, Inc.
2.82%
Howmet Aerospace, Inc.
2.80%
MISL
Palantir Technologies, Inc.
11.60%
RTX Corp.
8.56%
Space Exploration Technologies Corp.
8.00%
The Boeing Co.
7.57%
GE Aerospace
7.53%
Lockheed Martin Corp.
4.25%
Northrop Grumman Corp.
4.04%
General Dynamics Corp.
4.03%
Howmet Aerospace, Inc.
3.85%
HEICO Corp.
3.79%
L3Harris Technologies, Inc.
3.71%
TransDigm Group, Inc.
3.66%
Rocket Lab Corp.
3.15%
AST SpaceMobile, Inc.
2.38%
Curtiss-Wright Corp.
2.35%
Frequently asked questions about XAR and MISL
How have the XAR and MISL ETFs performed in 2026?
As of October 28, 2026, XAR is down -6.46% year-to-date (YTD), while MISL has lost -2.74%. That puts MISL better performer ahead so far this year.
Which ETF is attracting more investor money: XAR or MISL?
Year-to-date, the XAR ETF saw +$920M in flows, compared to -$624M for MISL.
Which ETF is more volatile: XAR or MISL?
Over the past year, XAR had a volatility of 29.03%, while MISL experienced 25.34%.
Which ETF is bigger: XAR or MISL?
As of October 28, 2026, XAR holds $5.07 B in assets under management (AUM), while MISL manages $673.50 M.
What sectors do the XAR and MISL ETFs invest in?
XAR leans toward sectors like Industrials. Meanwhile, MISL focuses on Industrials, Business Services and Telecommunications.
What are the top holdings of the XAR ETF and MISL ETF?
XAR top holdings include Axon Enterprise, Inc., VSE Corp. and RTX Corp.. MISL holds in its top three: Palantir Technologies, Inc., RTX Corp. and Space Exploration Technologies Corp..
Which ETF is more diversified: XAR or MISL?
XAR holds 47 securities with 45.91% of its assets in the top 15. MISL has 38 securities and a top 15 weight of 78.47%.
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