MISL vs. SHLD
Compare and contrast key facts about First Trust Indxx Aerospace & Defense ETF (MISL) and Global X Defense Tech ETF (SHLD).
MISL and SHLD 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. SHLD is a passively managed fund by Global X that tracks the performance of the Global X Defense Tech Index - Benchmark TR Net. It was launched on Sep 11, 2023. Both MISL and SHLD 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 SHLD.
Correlation
The correlation between MISL and SHLD is 0.76, 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. SHLD - Performance Comparison
Key characteristics
MISL:
0.87
SHLD:
2.29
MISL:
1.27
SHLD:
3.14
MISL:
1.16
SHLD:
1.42
MISL:
1.12
SHLD:
3.38
MISL:
3.41
SHLD:
10.36
MISL:
4.12%
SHLD:
3.57%
MISL:
16.15%
SHLD:
16.14%
MISL:
-12.62%
SHLD:
-10.92%
MISL:
-12.62%
SHLD:
-3.79%
Returns By Period
In the year-to-date period, MISL achieves a -3.66% return, which is significantly lower than SHLD's 10.51% return.
MISL
-3.66%
-10.09%
-5.06%
13.11%
N/A
N/A
SHLD
10.51%
2.78%
13.33%
36.20%
N/A
N/A
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MISL vs. SHLD - Expense Ratio Comparison
MISL has a 0.60% expense ratio, which is higher than SHLD's 0.50% expense ratio.
Risk-Adjusted Performance
MISL vs. SHLD — Risk-Adjusted Performance Rank
MISL
SHLD
MISL vs. SHLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Aerospace & Defense ETF (MISL) and Global X Defense Tech ETF (SHLD). 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. SHLD - Dividend Comparison
MISL's dividend yield for the trailing twelve months is around 0.77%, more than SHLD's 0.48% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
MISL First Trust Indxx Aerospace & Defense ETF | 0.77% | 0.74% | 0.63% | 0.08% |
SHLD Global X Defense Tech ETF | 0.48% | 0.53% | 0.26% | 0.00% |
Drawdowns
MISL vs. SHLD - Drawdown Comparison
The maximum MISL drawdown since its inception was -12.62%, which is greater than SHLD's maximum drawdown of -10.92%. Use the drawdown chart below to compare losses from any high point for MISL and SHLD. For additional features, visit the drawdowns tool.
Volatility
MISL vs. SHLD - Volatility Comparison
The current volatility for First Trust Indxx Aerospace & Defense ETF (MISL) is 4.27%, while Global X Defense Tech ETF (SHLD) has a volatility of 6.66%. This indicates that MISL experiences smaller price fluctuations and is considered to be less risky than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.