MISL vs. VRIG
Compare and contrast key facts about First Trust Indxx Aerospace & Defense ETF (MISL) and Invesco Variable Rate Investment Grade ETF (VRIG).
MISL and VRIG 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. VRIG is an actively managed fund by Invesco. It was launched on Sep 22, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MISL or VRIG.
Correlation
The correlation between MISL and VRIG is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MISL vs. VRIG - Performance Comparison
Key characteristics
MISL:
1.04
VRIG:
8.88
MISL:
1.48
VRIG:
19.62
MISL:
1.19
VRIG:
4.40
MISL:
1.56
VRIG:
31.22
MISL:
4.09
VRIG:
238.20
MISL:
4.05%
VRIG:
0.03%
MISL:
15.99%
VRIG:
0.70%
MISL:
-10.59%
VRIG:
-13.04%
MISL:
-10.59%
VRIG:
0.00%
Returns By Period
In the year-to-date period, MISL achieves a -1.43% return, which is significantly lower than VRIG's 0.69% return.
MISL
-1.43%
-8.90%
-2.09%
16.12%
N/A
N/A
VRIG
0.69%
0.40%
2.92%
6.18%
3.57%
N/A
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MISL vs. VRIG - Expense Ratio Comparison
MISL has a 0.60% expense ratio, which is higher than VRIG's 0.30% expense ratio.
Risk-Adjusted Performance
MISL vs. VRIG — Risk-Adjusted Performance Rank
MISL
VRIG
MISL vs. VRIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Aerospace & Defense ETF (MISL) and Invesco Variable Rate Investment Grade ETF (VRIG). 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. VRIG - Dividend Comparison
MISL's dividend yield for the trailing twelve months is around 0.75%, less than VRIG's 5.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VRIG Invesco Variable Rate Investment Grade ETF | 5.49% | 6.08% | 5.96% | 2.39% | 0.77% | 1.56% | 3.13% | 2.89% | 2.31% | 0.60% |
Drawdowns
MISL vs. VRIG - Drawdown Comparison
The maximum MISL drawdown since its inception was -10.59%, smaller than the maximum VRIG drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for MISL and VRIG. For additional features, visit the drawdowns tool.
Volatility
MISL vs. VRIG - Volatility Comparison
First Trust Indxx Aerospace & Defense ETF (MISL) has a higher volatility of 3.88% compared to Invesco Variable Rate Investment Grade ETF (VRIG) at 0.16%. This indicates that MISL's price experiences larger fluctuations and is considered to be riskier than VRIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.