Correlation
The correlation between MISL and SPY is 0.62, 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.
MISL vs. SPY
Compare and contrast key facts about First Trust Indxx Aerospace & Defense ETF (MISL) and SPDR S&P 500 ETF (SPY).
MISL and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both MISL and SPY 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 SPY.
Performance
MISL vs. SPY - Performance Comparison
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Key characteristics
MISL:
1.07
SPY:
0.70
MISL:
1.55
SPY:
1.02
MISL:
1.21
SPY:
1.15
MISL:
1.27
SPY:
0.68
MISL:
3.75
SPY:
2.57
MISL:
6.05%
SPY:
4.93%
MISL:
21.68%
SPY:
20.42%
MISL:
-17.92%
SPY:
-55.19%
MISL:
0.00%
SPY:
-3.55%
Returns By Period
In the year-to-date period, MISL achieves a 13.60% return, which is significantly higher than SPY's 0.87% return.
MISL
13.60%
7.75%
7.34%
21.37%
N/A
N/A
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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MISL vs. SPY - Expense Ratio Comparison
MISL has a 0.60% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MISL vs. SPY — Risk-Adjusted Performance Rank
MISL
SPY
MISL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Aerospace & Defense ETF (MISL) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
MISL vs. SPY - Dividend Comparison
MISL's dividend yield for the trailing twelve months is around 0.65%, less than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MISL First Trust Indxx Aerospace & Defense ETF | 0.65% | 0.74% | 0.63% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MISL vs. SPY - Drawdown Comparison
The maximum MISL drawdown since its inception was -17.92%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MISL and SPY.
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Volatility
MISL vs. SPY - Volatility Comparison
The current volatility for First Trust Indxx Aerospace & Defense ETF (MISL) is 4.54%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that MISL experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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