MISL vs. ITA
Compare and contrast key facts about First Trust Indxx Aerospace & Defense ETF (MISL) and iShares U.S. Aerospace & Defense ETF (ITA).
MISL and ITA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MISL is a passively managed fund by First Trust that tracks the performance of the Indxx US Aerospace & Defense Index - Benchmark TR Gross. It was launched on Oct 25, 2022. ITA is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Aerospace & Defense Index. It was launched on May 5, 2006. Both MISL and ITA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MISL or ITA.
Correlation
The correlation between MISL and ITA is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MISL vs. ITA - Performance Comparison
Key characteristics
MISL:
1.19
ITA:
1.54
MISL:
1.68
ITA:
2.15
MISL:
1.22
ITA:
1.28
MISL:
1.81
ITA:
2.82
MISL:
4.90
ITA:
8.35
MISL:
3.89%
ITA:
2.97%
MISL:
15.97%
ITA:
16.15%
MISL:
-10.50%
ITA:
-59.72%
MISL:
-10.50%
ITA:
-3.12%
Returns By Period
In the year-to-date period, MISL achieves a -1.33% return, which is significantly lower than ITA's 5.64% return.
MISL
-1.33%
-5.33%
-2.38%
16.67%
N/A
N/A
ITA
5.64%
1.27%
6.74%
23.28%
6.50%
10.64%
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MISL vs. ITA - Expense Ratio Comparison
MISL has a 0.60% expense ratio, which is higher than ITA's 0.42% expense ratio.
Risk-Adjusted Performance
MISL vs. ITA — Risk-Adjusted Performance Rank
MISL
ITA
MISL vs. ITA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Aerospace & Defense ETF (MISL) and iShares U.S. Aerospace & Defense ETF (ITA). 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.
Dividends
MISL vs. ITA - Dividend Comparison
MISL's dividend yield for the trailing twelve months is around 0.75%, less than ITA's 0.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MISL First Trust Indxx Aerospace & Defense ETF | 0.75% | 0.74% | 0.63% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ITA iShares U.S. Aerospace & Defense ETF | 0.80% | 0.85% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% | 1.21% |
Drawdowns
MISL vs. ITA - Drawdown Comparison
The maximum MISL drawdown since its inception was -10.50%, smaller than the maximum ITA drawdown of -59.72%. Use the drawdown chart below to compare losses from any high point for MISL and ITA. For additional features, visit the drawdowns tool.
Volatility
MISL vs. ITA - Volatility Comparison
First Trust Indxx Aerospace & Defense ETF (MISL) has a higher volatility of 5.75% compared to iShares U.S. Aerospace & Defense ETF (ITA) at 5.26%. This indicates that MISL's price experiences larger fluctuations and is considered to be riskier than ITA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.