First Trust Indxx Aerospace & Defense ETF (MISL) belongs to the Industrials Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MISL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MISL
MISL charges 0.60% annually. There are 25 ETFs in the Industrials Equities category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity MSCI Industrials Index ETF | 0.08% | 2.07B | Oct 2013 | MISL vs FIDU | |
| Vanguard Industrials ETF | 0.10% | 8.30B | Sep 2004 | MISL vs VIS | |
| Industrial Select Sector SPDR Fund | 0.13% | 30.47B | Dec 1998 | MISL vs XLI | |
| Invesco S&P SmallCap Industrials ETF | 0.29% | 176.09M | Apr 2010 | MISL vs PSCI | |
| Themes US Infrastructure ETF | 0.29% | 3.38M | Sep 2024 | MISL vs HWAY |
Best Risk-Adjusted Alternatives to MISL
MISL has a PortfoliosLab risk / return rank of 39. There are 22 ETFs in the Industrials Equities category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR S&P Kensho Final Frontiers ETF | 93 | 254.55M | Oct 2018 | MISL vs ROKT | |
| KraneShares Electric Vehicles and Future Mobility ... | 82 | 105.57M | Jan 2018 | MISL vs KARS | |
| iShares U.S. Manufacturing ETF | 75 | 56.46M | Jul 2024 | MISL vs MADE | |
| Invesco DWA Industrials Momentum ETF | 70 | 449.53M | Oct 2006 | MISL vs PRN | |
| First Trust Alerian U.S. NextGen Infrastructure ET... | 68 | 35.28M | Oct 2008 | MISL vs RBLD |
Top Performing MISL Alternatives (YTD)
MISL is at 7.59% YTD. There are 27 ETFs in the Industrials Equities category with higher YTD returns, going as high as 46.55%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR S&P Kensho Final Frontiers ETF | 46.55% | 254.55M | Oct 2018 | MISL vs ROKT | |
| Invesco DWA Industrials Momentum ETF | 41.80% | 449.53M | Oct 2006 | MISL vs PRN | |
| AdvisorShares HVAC and Industrials ETF | 36.48% | 11.90M | Feb 2025 | MISL vs HVAC | |
| iShares U.S. Manufacturing ETF | 22.94% | 56.46M | Jul 2024 | MISL vs MADE | |
| Themes US Infrastructure ETF | 22.83% | 3.38M | Sep 2024 | MISL vs HWAY |
Lowest Volatility Alternatives to MISL
MISL has 22.60% 1-year volatility. There are 26 ETFs in the Industrials Equities category with lower 1-year volatility, going as low as 10.29%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares DJ Brookfield Global Infrastructure ETF | 10.29% | 174.29M | Mar 2014 | MISL vs TOLZ | |
| iShares Global Infrastructure ETF | 10.49% | 10.60B | Dec 2007 | MISL vs IGF | |
| Russell Investments Global Infrastructure ETF | 10.51% | — | May 2025 | MISL vs RIFR | |
| State Street Industrial Select Sector SPDR Premium... | 11.55% | 6.83M | Jul 2025 | MISL vs XLII | |
| First Trust Alerian U.S. NextGen Infrastructure ET... | 13.45% | 35.28M | Oct 2008 | MISL vs RBLD |
Lowest Drawdown Alternatives to MISL
MISL has a 1-year max drawdown of -15.69%. There are 28 ETFs in the Industrials Equities category with shallower 1-year drawdowns, going as shallow as -5.18%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares DJ Brookfield Global Infrastructure ETF | -5.18% | 174.29M | Mar 2014 | MISL vs TOLZ | |
| iShares Global Infrastructure ETF | -5.87% | 10.60B | Dec 2007 | MISL vs IGF | |
| Russell Investments Global Infrastructure ETF | -6.80% | — | May 2025 | MISL vs RIFR | |
| First Trust Alerian U.S. NextGen Infrastructure ET... | -7.19% | 35.28M | Oct 2008 | MISL vs RBLD | |
| iShares U.S. Infrastructure ETF | -8.40% | 4.14B | Apr 2018 | MISL vs IFRA |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 11 categories. AUM among these funds goes as high as $14B.
Often Compared With MISL
Investors most often compare MISL with SHLD, PPA, ITA. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare MISL with Any Fund or Stock
Compare MISL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MISL with funds that move differently
First Trust Indxx Aerospace & Defense ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MISL.
Explore MISL Diversifiers