MISL vs SPY
Comparison between FIRST TRUST INDXX AEROSPACE & DEFENSE ETF (MISL, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
MISL vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MISL
$1.40B
Winner
SPY
$652B
Expense Ratio
MISL
0.60%
Winner
SPY
0.09%
Max Drawdown
Winner
MISL
18.37%
SPY
56.47%
Sharpe Ratio
MISL
1.45
Winner
SPY
2.07
5Y Beta
Winner
MISL
0.86
SPY
1.00
P/E Ratio
MISL
43.58
Winner
SPY
28.24
Forward P/E
MISL
27.18
Winner
SPY
21.85
5Y Dividends CAGR
MISL
N/A
SPY
5.43%
5Y EPS CAGR
MISL
11.54%
Winner
SPY
25.79%
Debt to Equity
MISL
129.82%
Winner
SPY
22.35%
P/S Ratio
Winner
MISL
2.66
SPY
3.55
P/B Ratio
MISL
5.83
Winner
SPY
5.29
MISL vs SPY - Holdings Comparison
MISL and SPY have 13 common holdings. Overlap is 2.04%
MISL's top 25 holdings weight is 94.74%. SPY's top 25 holdings weight is 51.32%.
| Rank | MISL | SPY |
|---|---|---|
| #1 | LOCKHEED MARTIN CORP (LMT) - 9.07% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | RTX CORP (RTX) - 8.66% | APPLE INC (AAPL) - 6.48% |
| #3 | GE AEROSPACE (GE) - 7.96% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | GENERAL DYNAMICS CORP (GD) - 7.73% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | BOEING CO (BA) - 7.68% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | HOWMET AEROSPACE INC (HWM) - 4.76% | BROADCOM INC (AVGO) - 3.09% |
| #7 | NORTHROP GRUMMAN CORP (NOC) - 4.42% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | L3HARRIS TECHNOLOGIES INC (LHX) - 4.26% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | TRANSDIGM GROUP INC (TDG) - 3.75% | TESLA INC (TSLA) - 1.73% |
| #10 | AST SPACEMOBILE INC ORDINARY SHARES CLASS A (ASTS) - 3.65% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | FTAI AVIATION LTD (FTAI) - 3.46% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | ROCKET LAB CORP (RKLB) - 3.43% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | HEICO CORP (HEI) - 3.42% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | CURTISS-WRIGHT CORP (CW) - 3.40% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | WOODWARD INC (WWD) - 3.09% | WALMART INC (WMT) - 0.91% |
| #16 | LEIDOS HOLDINGS INC (LDOS) - 2.53% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | TEXTRON INC (TXT) - 2.06% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | HUNTINGTON INGALLS INDUSTRIES INC (HII) - 1.97% | VISA INC CLASS A (V) - 0.85% |
| #19 | LEONARDO DRS INC (DRS) - 1.63% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | CACI INTERNATIONAL INC CLASS A (CACI) - 1.52% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | KARMAN HOLDINGS INC (KRMN) - 1.47% | INTEL CORP (INTC) - 0.65% |
| #22 | KRATOS DEFENSE & SECURITY SOLUTIONS INC (KTOS) - 1.47% | NETFLIX INC (NFLX) - 0.64% |
| #23 | MOOG INC CLASS A (MOG-A) - 1.31% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | AEROVIRONMENT INC (AVAV) - 1.18% | CHEVRON CORP (CVX) - 0.58% |
| #25 | HEXCEL CORP (HXL) - 0.86% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 40 | 505 |
MISL vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
MISL
-5.57%
Winner
SPY
+9.11%
3M
MISL
-8.58%
Winner
SPY
+6.59%
6M
MISL
+8.13%
Winner
SPY
+10.56%
1Y
Winner
MISL
+37.10%
SPY
+32.04%
5Y(CAGR)
MISL
N/A
SPY
+13.35%
10Y(CAGR)
MISL
N/A
SPY
+15.49%
Max(CAGR)
Winner
MISL
+25.36%
SPY
+8.50%
MISL vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | MISL | SPY |
|---|---|---|
| 2026 | +1.35% | +8.27% |
| 2025 | +41.59% | +18.00% |
| 2024 | +21.55% | +25.59% |
| 2023 | +14.96% | +26.72% |
| 2022 | +8.22% | -18.64% |
| 2021 | N/A | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
MISL vs SPY Drawdown Comparison
The maximum drawdown for MISL was -17.92%, occurring on Apr 4, 2025. Recovery took 126 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current MISL drawdown is -11.82%.
| Rank | MISL | SPY |
|---|---|---|
| #1 | -17.92% Nov 11, 2024 - May 15, 2025 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -15.69% Jan 16, 2026 - Apr 29, 2026 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -10.49% Oct 8, 2025 - Dec 23, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -10.18% Aug 1, 2023 - Nov 13, 2023 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -7.93% Feb 17, 2023 - Jun 21, 2023 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -5.48% Jul 31, 2024 - Aug 15, 2024 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -5.16% Oct 21, 2024 - Nov 8, 2024 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -5.00% Jan 6, 2023 - Feb 7, 2023 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -4.67% Aug 30, 2024 - Sep 23, 2024 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -4.35% Nov 10, 2022 - Dec 2, 2022 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -3.94% Mar 28, 2024 - May 2, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -3.92% Dec 2, 2022 - Jan 6, 2023 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -3.85% Dec 29, 2023 - Feb 9, 2024 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -3.77% Jul 23, 2025 - Aug 26, 2025 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -3.60% May 21, 2024 - Jul 16, 2024 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between MISL and SPY is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (1999 - 2026)
MISL vs SPY dividend yield comparison.
| Year | MISL | SPY |
|---|---|---|
| 2026 | 0.06% | 0.24% |
| 2025 | 0.40% | 1.07% |
| 2024 | 0.74% | 1.21% |
| 2023 | 0.63% | 1.40% |
| 2022 | 0.08% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.00% | 1.52% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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