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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in First Trust Indxx Aerospace & Defense ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
First Trust Indxx Aerospace & Defense ETF (MISL) has returned 4.55% so far this year and 48.25% over the past 12 months.
First Trust Indxx Aerospace & Defense ETF
- 1D
- 3.74%
- 1M
- -9.29%
- YTD
- 4.55%
- 6M
- 7.93%
- 1Y
- 48.25%
- 3Y*
- 26.59%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Oct 26, 2022, MISL's average daily return is +0.10%, while the average monthly return is +2.01%. At this rate, your investment would double in approximately 2.9 years.
Historically, 69% of months were positive and 31% were negative. The best month was Jan 2026 with a return of +14.4%, while the worst month was Mar 2026 at -9.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MISL closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +8.6%, while the worst single day was Apr 4, 2025 at -7.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 14.35% | 0.80% | -9.29% | 4.55% | |||||||||
| 2025 | 2.91% | -3.59% | 0.40% | 4.72% | 8.90% | 8.27% | 3.85% | 1.01% | 6.04% | 3.91% | -5.40% | 5.03% | 41.24% |
| 2024 | -1.98% | 5.49% | 3.46% | -0.66% | 6.11% | -2.25% | 8.68% | 3.81% | 0.54% | -1.42% | 3.45% | -5.51% | 20.48% |
| 2023 | 1.23% | 0.40% | -0.96% | -0.84% | -4.13% | 9.20% | 1.44% | -1.31% | -6.44% | 4.37% | 7.00% | 5.02% | 14.78% |
| 2022 | 4.03% | 3.23% | 0.78% | 8.22% |
Benchmark Metrics
First Trust Indxx Aerospace & Defense ETF has an annualized alpha of 12.70%, beta of 0.78, and R² of 0.42 versus S&P 500 Index. Calculated based on daily prices since October 27, 2022.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (98.94%) than losses (36.44%) — typical of diversified or defensive assets.
- R² of 0.42 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 12.70%
- Beta
- 0.78
- R²
- 0.42
- Upside Capture
- 98.94%
- Downside Capture
- 36.44%
Expense Ratio
MISL has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MISL ranks 89 for risk / return — in the top 89% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust Indxx Aerospace & Defense ETF (MISL) and compare them to a chosen benchmark (S&P 500 Index).
| MISL | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.02 | 0.90 | +1.12 |
Sortino ratioReturn per unit of downside risk | 2.73 | 1.39 | +1.34 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.21 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 3.13 | 1.40 | +1.73 |
Martin ratioReturn relative to average drawdown | 11.65 | 6.61 | +5.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore MISL risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
First Trust Indxx Aerospace & Defense ETF provided a 0.37% dividend yield over the last twelve months, with an annual payout of $0.16 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.16 | $0.17 | $0.23 | $0.16 | $0.02 |
Dividend yield | 0.37% | 0.40% | 0.74% | 0.63% | 0.08% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Indxx Aerospace & Defense ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.03 | $0.03 | |||||||||
| 2025 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.00 | $0.17 |
| 2024 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.14 | $0.23 |
| 2023 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.10 | $0.16 |
| 2022 | $0.02 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Indxx Aerospace & Defense ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Indxx Aerospace & Defense ETF was 17.91%, occurring on Apr 4, 2025. Recovery took 28 trading sessions.
The current First Trust Indxx Aerospace & Defense ETF drawdown is 12.30%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.91% | Nov 12, 2024 | 98 | Apr 4, 2025 | 28 | May 15, 2025 | 126 |
| -15.45% | Jan 20, 2026 | 49 | Mar 30, 2026 | — | — | — |
| -10.49% | Oct 9, 2025 | 31 | Nov 20, 2025 | 22 | Dec 23, 2025 | 53 |
| -10.18% | Aug 2, 2023 | 46 | Oct 5, 2023 | 27 | Nov 13, 2023 | 73 |
| -7.93% | Feb 21, 2023 | 70 | May 31, 2023 | 14 | Jun 21, 2023 | 84 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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