MISL vs. QQQ
Compare and contrast key facts about First Trust Indxx Aerospace & Defense ETF (MISL) and Invesco QQQ (QQQ).
MISL and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both MISL and QQQ 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 QQQ.
Correlation
The correlation between MISL and QQQ is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MISL vs. QQQ - Performance Comparison
Key characteristics
MISL:
1.04
QQQ:
1.40
MISL:
1.48
QQQ:
1.90
MISL:
1.19
QQQ:
1.25
MISL:
1.56
QQQ:
1.88
MISL:
4.09
QQQ:
6.51
MISL:
4.05%
QQQ:
3.92%
MISL:
15.99%
QQQ:
18.23%
MISL:
-10.59%
QQQ:
-82.98%
MISL:
-10.59%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, MISL achieves a -1.43% return, which is significantly lower than QQQ's 5.09% return.
MISL
-1.43%
-8.90%
-2.09%
16.12%
N/A
N/A
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MISL vs. QQQ - Expense Ratio Comparison
MISL has a 0.60% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
MISL vs. QQQ — Risk-Adjusted Performance Rank
MISL
QQQ
MISL vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Aerospace & Defense ETF (MISL) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
MISL's dividend yield for the trailing twelve months is around 0.75%, more than QQQ's 0.53% 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% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
MISL vs. QQQ - Drawdown Comparison
The maximum MISL drawdown since its inception was -10.59%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for MISL and QQQ. For additional features, visit the drawdowns tool.
Volatility
MISL vs. QQQ - Volatility Comparison
The current volatility for First Trust Indxx Aerospace & Defense ETF (MISL) is 3.88%, while Invesco QQQ (QQQ) has a volatility of 4.70%. This indicates that MISL experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.