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 up 11.73% year-to-date (YTD) with +$862M in YTD flows. MISL performs worse with 1.65% YTD performance, and -$592M 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 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XAR MISL | -1.15%-1.13% | +5.02%-0.72% | +11.73%+1.65% | +23.08%+10.83% | +123.38%+88.56% | +116.76%n/a |
| Flows | XAR MISL | -$120M-$31M | -$93M-$742M | +$862M-$592M | +$1.22B+$487M | +$2.03B+$586M | +$2.34B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XAR MISL | +31.32%+28.45% | +28.12%+24.13% | +23.61%+20.15% | +23.63%n/a |
| Max drawdown | XAR MISL | -10.71%-14.16% | -17.03%-16.91% | -19.74%-17.72% | -28.28%n/a |
| Max drawdown duration | XAR MISL | 18d57d | 186d186d | 109d184d | 853dn/a |
Trading data
XAR | MISL | |
Last sale 7/27/2026 at 1:30 PM | $273.41 | $44.16 |
| Previous close 07/24/2026 | $269.01 | $43.48 |
| Consolidated volume 07/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 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 7/27/2026 at 1:30 PM
Live
Closed
XAR | MISL | |
|---|---|---|
| Last price | $273.41 | $44.16 |
| 1D performance | +1.64% | +1.56% |
| AuM | $6.03 B | $736.44 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
98.62%
Other
1.38%
MISL
USA
92.43%
Other
7.57%
Sectors
XAR
Industrials
93.67%
Other
6.33%
MISL
Industrials
80.23%
Business Services
8.28%
Other
11.49%
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Diversification
XAR
Total weight of top 15 holdings out of 15
44.3%
MISL
Total weight of top 15 holdings out of 15
77.73%
Top 15 holdings
Data as of June 30, 2026
XAR
VSE Corp.
3.40%
Axon Enterprise, Inc.
3.22%
StandardAero, Inc.
3.11%
FTAI Aviation Ltd.
3.08%
Carpenter Technology Corp.
3.04%
GE Aerospace
3.02%
Woodward, Inc.
2.98%
HEICO Corp.
2.86%
Moog, Inc.
2.86%
TransDigm Group, Inc.
2.83%
Hexcel Corp.
2.81%
Karman Holdings, Inc.
2.80%
Howmet Aerospace, Inc.
2.77%
ATI, Inc.
2.77%
RTX Corp.
2.75%
MISL
GE Aerospace
8.93%
The Boeing Co.
7.38%
Palantir Technologies, Inc.
7.21%
US84615Q1031
7.19%
RTX Corp.
6.99%
Lockheed Martin Corp.
6.24%
Rocket Lab Corp.
5.40%
HEICO Corp.
4.45%
General Dynamics Corp.
3.98%
TransDigm Group, Inc.
3.98%
Howmet Aerospace, Inc.
3.89%
AST Spacemobile, Inc.
3.33%
L3Harris Technologies, Inc.
3.03%
Curtiss-Wright Corp.
2.90%
Northrop Grumman Corp.
2.83%
Frequently asked questions about XAR and MISL
How have the XAR and MISL ETFs performed in 2026?
As of July 24, 2026, XAR is up 11.73% year-to-date (YTD), while MISL has returned 1.65%. That puts XAR better performer ahead so far this year.
Which ETF is attracting more investor money: XAR or MISL?
Year-to-date, the XAR ETF saw +$862M in flows, compared to -$592M for MISL.
Which ETF is more volatile: XAR or MISL?
Over the past year, XAR had a volatility of 28.12%, while MISL experienced 24.13%.
Which ETF is bigger: XAR or MISL?
As of July 24, 2026, XAR holds $6.03 B in assets under management (AUM), while MISL manages $736.44 M.
What sectors do the XAR and MISL ETFs invest in?
XAR leans toward sectors like Industrials. Meanwhile, MISL focuses on Industrials and Business Services.
What are the top holdings of the XAR ETF and MISL ETF?
XAR top holdings include VSE Corp., Axon Enterprise, Inc. and StandardAero, Inc.. MISL holds in its top three: GE Aerospace, The Boeing Co. and Palantir Technologies, Inc..
Which ETF is more diversified: XAR or MISL?
XAR holds 48 securities with 44.3% of its assets in the top 15. MISL has 38 securities and a top 15 weight of 77.73%.
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