Correlation
The correlation between MISL and VOO 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. VOO
Compare and contrast key facts about First Trust Indxx Aerospace & Defense ETF (MISL) and Vanguard S&P 500 ETF (VOO).
MISL and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both MISL and VOO 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 VOO.
Performance
MISL vs. VOO - Performance Comparison
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Key characteristics
MISL:
1.07
VOO:
0.74
MISL:
1.55
VOO:
1.04
MISL:
1.21
VOO:
1.15
MISL:
1.27
VOO:
0.68
MISL:
3.75
VOO:
2.58
MISL:
6.05%
VOO:
4.93%
MISL:
21.68%
VOO:
19.54%
MISL:
-17.92%
VOO:
-33.99%
MISL:
0.00%
VOO:
-3.55%
Returns By Period
In the year-to-date period, MISL achieves a 13.60% return, which is significantly higher than VOO's 0.90% return.
MISL
13.60%
7.75%
7.34%
21.37%
N/A
N/A
N/A
VOO
0.90%
5.53%
-1.46%
13.29%
14.31%
15.89%
12.81%
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MISL vs. VOO - Expense Ratio Comparison
MISL has a 0.60% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
MISL vs. VOO — Risk-Adjusted Performance Rank
MISL
VOO
MISL vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Aerospace & Defense ETF (MISL) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
MISL's dividend yield for the trailing twelve months is around 0.65%, less than VOO's 1.29% 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% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
MISL vs. VOO - Drawdown Comparison
The maximum MISL drawdown since its inception was -17.92%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MISL and VOO.
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Volatility
MISL vs. VOO - Volatility Comparison
The current volatility for First Trust Indxx Aerospace & Defense ETF (MISL) is 4.54%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.84%. This indicates that MISL experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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