KOMP vs. MISL

Last updated Jun 25, 2026

KOMP (SPDR S&P Kensho New Economies Composite ETF) and MISL (First Trust Indxx Aerospace & Defense ETF) are both exchange-traded funds - KOMP is a Mid Cap Growth Equities fund tracking the S&P Kensho New Economies Composite Index, while MISL is a Industrials Equities fund tracking the Indxx US Aerospace & Defense Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, KOMP returned 18.25%/yr vs 25.54%/yr for MISL. A 0.65 correlation means they provide meaningful diversification when combined. KOMP charges 0.20%/yr vs 0.60%/yr for MISL.

Performance

KOMP vs. MISL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Kensho New Economies Composite ETF (KOMP) and First Trust Indxx Aerospace & Defense ETF (MISL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KOMP achieves a 14.25% return, which is significantly higher than MISL's 2.82% return.

KOMP

• 1D: -1.25%
• 1M: -3.38%
• YTD: 14.25%
• 6M: 11.15%
• 1Y: 30.32%
• 3Y*: 18.25%
• 5Y*: 1.68%
• 10Y*: —

MISL

• 1D: -1.08%
• 1M: -5.56%
• YTD: 2.82%
• 6M: 0.24%
• 1Y: 22.34%
• 3Y*: 25.54%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KOMP vs. MISL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
KOMP SPDR S&P Kensho New Economies Composite ETF	14.25%	19.74%	10.05%	20.09%	-2.85%
MISL First Trust Indxx Aerospace & Defense ETF	2.82%	41.24%	20.48%	14.78%	8.22%

Correlation

The correlation between KOMP and MISL is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (All Time) Calculated using the full available price history since Oct 26, 2022	0.65

The correlation between KOMP and MISL has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.

KOMP vs. MISL - Sectors Allocation Comparison

Sectors	KOMP	MISL
Technology	35.5%	17.8%
Industrials	27.7%	82.2%
Healthcare	11.1%	-
Financial Services	6.2%	-
Communication Services	5.3%	-
Utilities	4.8%	-
Consumer Cyclical	4.3%	-
Basic Materials	2.5%	-
Energy	2.4%	-
Consumer Defensive	0.2%	-
Real Estate	-	-

Return for Risk

KOMP vs. MISL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KOMP

KOMP Risk / Return Rank: 39
KOMP Sharpe Ratio Rank: 38
KOMP Sortino Ratio Rank: 36
KOMP Omega Ratio Rank: 35
KOMP Calmar Ratio Rank: 43
KOMP Martin Ratio Rank: 41

MISL

MISL Risk / Return Rank: 29
MISL Sharpe Ratio Rank: 28
MISL Sortino Ratio Rank: 29
MISL Omega Ratio Rank: 26
MISL Calmar Ratio Rank: 31
MISL Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KOMP vs. MISL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho New Economies Composite ETF (KOMP) and First Trust Indxx Aerospace & Defense ETF (MISL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	KOMP	MISL	Difference
Sharpe ratio: Return per unit of total volatility	1.23	0.94	+0.29
Sortino ratio: Return per unit of downside risk	1.73	1.48	+0.26
Omega ratio: Gain probability vs. loss probability	1.22	1.17	+0.05
Calmar ratio: Return relative to maximum drawdown	1.96	1.43	+0.54
Martin ratio: Return relative to average drawdown	6.05	3.51	+2.54

KOMP vs. MISL - Sharpe Ratio Comparison

The current KOMP Sharpe Ratio is 1.23, which is higher than the MISL Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of KOMP and MISL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KOMP vs. MISL - Drawdown Comparison

The maximum KOMP drawdown since its inception was -50.06%, which is greater than MISL's maximum drawdown of -17.91%. Use the drawdown chart below to compare losses from any high point for KOMP and MISL.

Drawdown Indicators

	KOMP	MISL	Difference
Max Drawdown Largest peak-to-trough decline	-50.06%	-17.91%	-32.15%
Max Drawdown (1Y) Largest decline over 1 year	-15.50%	-15.69%	+0.19%
Max Drawdown (3Y) Largest decline over 3 years	-24.93%	-17.91%	-7.02%
Max Drawdown (5Y) Largest decline over 5 years	-45.38%	—	—
Current Drawdown Current decline from peak	-9.46%	-13.75%	+4.29%
Average Drawdown Average peak-to-trough decline	-21.57%	-3.59%	-17.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.03%	6.38%	-1.35%

Volatility

KOMP vs. MISL - Volatility Comparison

SPDR S&P Kensho New Economies Composite ETF (KOMP) and First Trust Indxx Aerospace & Defense ETF (MISL) have volatilities of 10.58% and 10.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KOMP	MISL	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.58%	10.12%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	19.78%	20.04%	-0.26%
Volatility (1Y) Calculated over the trailing 1-year period	24.74%	23.87%	+0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.09%	19.50%	+5.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.13%	19.50%	+7.63%

KOMP vs. MISL - Expense Ratio Comparison

KOMP has a 0.20% expense ratio, which is lower than MISL's 0.60% expense ratio.

Dividends

KOMP vs. MISL - Dividend Comparison

KOMP's dividend yield for the trailing twelve months is around 1.53%, more than MISL's 0.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
KOMP SPDR S&P Kensho New Economies Composite ETF	1.53%	1.84%	1.04%	1.27%	1.47%	1.44%	0.69%	0.81%	0.13%
MISL First Trust Indxx Aerospace & Defense ETF	0.37%	0.40%	0.74%	0.63%	0.08%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KOMP and MISL in my portfolio?

KOMP and MISL have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KOMP or MISL?

KOMP has higher volatility (10.58%) compared to MISL (10.12%). In terms of maximum drawdown, KOMP dropped -50.06% vs MISL's -17.91%.

Which ETF is better, KOMP or MISL?

On 3-year performance, MISL leads with 25.54% vs 18.25% for KOMP. On fees, KOMP is cheaper at 0.20% per year. On volatility, MISL has been the lower-risk option at 10.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KOMP or MISL?

Over the 3-year period, MISL has performed better with a 25.54% return vs 18.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KOMP or MISL?

KOMP is cheaper with a 0.20% expense ratio, compared with 0.60% for MISL.

Which ETF pays a higher dividend yield, KOMP or MISL?

KOMP has the higher dividend yield at 1.53%, compared with 0.37% for MISL.

What is the main difference between KOMP and MISL?

KOMP is categorized as Mid Cap Growth Equities, while MISL is Industrials Equities. KOMP tracks S&P Kensho New Economies Composite Index, while MISL tracks Indxx US Aerospace & Defense Index - Benchmark TR Gross. They also come from different issuers: State Street and First Trust. Their fees differ too: 0.20% for KOMP and 0.60% for MISL.

Which has better risk-adjusted returns?

KOMP currently has the higher Sharpe Ratio (1.23 vs 0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.