MISL vs. ROBT
Compare and contrast key facts about First Trust Indxx Aerospace & Defense ETF (MISL) and First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT).
MISL and ROBT 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. ROBT is a passively managed fund by First Trust that tracks the performance of the Nasdaq CTA Artificial Intelligence and Robotics Index. It was launched on Feb 21, 2018. Both MISL and ROBT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MISL vs. ROBT - Performance Comparison
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MISL vs. ROBT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MISL First Trust Indxx Aerospace & Defense ETF | 4.55% | 41.24% | 20.48% | 14.78% | 8.22% |
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF | -11.00% | 15.16% | -0.41% | 27.77% | -0.02% |
Returns By Period
In the year-to-date period, MISL achieves a 4.55% return, which is significantly higher than ROBT's -11.00% return.
MISL
- 1D
- 3.74%
- 1M
- -9.29%
- YTD
- 4.55%
- 6M
- 7.93%
- 1Y
- 48.25%
- 3Y*
- 26.59%
- 5Y*
- —
- 10Y*
- —
ROBT
- 1D
- 4.15%
- 1M
- -9.19%
- YTD
- -11.00%
- 6M
- -12.72%
- 1Y
- 13.50%
- 3Y*
- 2.99%
- 5Y*
- -2.47%
- 10Y*
- —
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MISL vs. ROBT - Expense Ratio Comparison
MISL has a 0.60% expense ratio, which is lower than ROBT's 0.65% expense ratio.
Return for Risk
MISL vs. ROBT — Risk / Return Rank
MISL
ROBT
MISL vs. ROBT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Aerospace & Defense ETF (MISL) and First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT). 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.
| MISL | ROBT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.02 | 0.49 | +1.53 |
Sortino ratioReturn per unit of downside risk | 2.73 | 0.89 | +1.84 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.11 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 3.13 | 0.55 | +2.58 |
Martin ratioReturn relative to average drawdown | 11.65 | 1.78 | +9.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MISL | ROBT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 0.49 | +1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.41 | 0.23 | +1.18 |
Correlation
The correlation between MISL and ROBT is 0.56, 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.
Dividends
MISL vs. ROBT - Dividend Comparison
MISL's dividend yield for the trailing twelve months is around 0.37%, while ROBT has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF | 0.00% | 0.00% | 0.68% | 0.23% | 0.35% | 0.06% | 0.17% | 0.42% | 0.44% |
Drawdowns
MISL vs. ROBT - Drawdown Comparison
The maximum MISL drawdown since its inception was -17.91%, smaller than the maximum ROBT drawdown of -44.47%. Use the drawdown chart below to compare losses from any high point for MISL and ROBT.
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Drawdown Indicators
| MISL | ROBT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.91% | -44.47% | +26.56% |
Max Drawdown (1Y)Largest decline over 1 year | -15.45% | -21.66% | +6.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.26% | — |
Current DrawdownCurrent decline from peak | -12.30% | -21.09% | +8.79% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -16.09% | +12.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 6.73% | -2.58% |
Volatility
MISL vs. ROBT - Volatility Comparison
The current volatility for First Trust Indxx Aerospace & Defense ETF (MISL) is 8.06%, while First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT) has a volatility of 8.78%. This indicates that MISL experiences smaller price fluctuations and is considered to be less risky than ROBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MISL | ROBT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 8.78% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 17.72% | 18.22% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.00% | 27.73% | -3.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.67% | 25.00% | -6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.67% | 25.50% | -6.83% |