XIFR vs. MISL

Last updated Jun 3, 2026

XIFR (XPLR Infrastructure LP) is a stock, while MISL (First Trust Indxx Aerospace & Defense ETF) is Industrials Equities fund tracking the Indxx US Aerospace & Defense Index - Benchmark TR Gross. Over the past 3 years, XIFR returned -37.29%/yr vs 29.53%/yr for MISL. At a 0.27 correlation, their price movements are largely independent.

Performance

XIFR vs. MISL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in XPLR Infrastructure LP (XIFR) and First Trust Indxx Aerospace & Defense ETF (MISL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XIFR achieves a 27.70% return, which is significantly higher than MISL's 10.58% return.

XIFR

• 1D: 2.57%
• 1M: 19.23%
• YTD: 27.70%
• 6M: 41.42%
• 1Y: 46.78%
• 3Y*: -37.29%
• 5Y*: -24.54%
• 10Y*: -3.40%

MISL

• 1D: -0.42%
• 1M: 7.99%
• YTD: 10.58%
• 6M: 17.94%
• 1Y: 37.91%
• 3Y*: 29.53%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XIFR vs. MISL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XIFR XPLR Infrastructure LP	27.70%	-43.82%	-32.61%	-53.32%	-3.08%
MISL First Trust Indxx Aerospace & Defense ETF	10.58%	41.24%	20.48%	14.78%	8.22%

Correlation

The correlation between XIFR and MISL is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Oct 27, 2022	0.27

Return for Risk

XIFR vs. MISL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XIFR

XIFR Risk / Return Rank: 73
XIFR Sharpe Ratio Rank: 74
XIFR Sortino Ratio Rank: 74
XIFR Omega Ratio Rank: 68
XIFR Calmar Ratio Rank: 75
XIFR Martin Ratio Rank: 75

MISL

MISL Risk / Return Rank: 46
MISL Sharpe Ratio Rank: 49
MISL Sortino Ratio Rank: 49
MISL Omega Ratio Rank: 43
MISL Calmar Ratio Rank: 48
MISL Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XIFR vs. MISL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for XPLR Infrastructure LP (XIFR) and First Trust Indxx Aerospace & Defense ETF (MISL). 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.

	XIFR	MISL	Difference
Sharpe ratio Return per unit of total volatility	1.13	1.70	-0.57
Sortino ratio Return per unit of downside risk	2.01	2.43	-0.42
Omega ratio Gain probability vs. loss probability	1.22	1.28	-0.06
Calmar ratio Return relative to maximum drawdown	2.19	2.39	-0.20
Martin ratio Return relative to average drawdown	4.94	6.38	-1.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XIFR vs. MISL - Sharpe Ratio Comparison

The current XIFR Sharpe Ratio is 1.13, which is lower than the MISL Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of XIFR and MISL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XIFR	MISL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	1.70	-0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.55	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	1.40	-1.48

Drawdowns

XIFR vs. MISL - Drawdown Comparison

The maximum XIFR drawdown since its inception was -88.29%, which is greater than MISL's maximum drawdown of -17.91%. Use the drawdown chart below to compare losses from any high point for XIFR and MISL.

Drawdown Indicators

	XIFR	MISL	Difference
Max Drawdown Largest peak-to-trough decline	-88.29%	-17.91%	-70.38%
Max Drawdown (1Y) Largest decline over 1 year	-20.45%	-15.69%	-4.76%
Max Drawdown (3Y) Largest decline over 3 years	-84.79%	-17.91%	-66.88%
Max Drawdown (5Y) Largest decline over 5 years	-88.29%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-88.29%	—	—
Current Drawdown Current decline from peak	-81.21%	-7.24%	-73.97%
Average Drawdown Average peak-to-trough decline	-28.88%	-3.49%	-25.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.06%	5.88%	+3.18%

Volatility

XIFR vs. MISL - Volatility Comparison

XPLR Infrastructure LP (XIFR) has a higher volatility of 13.94% compared to First Trust Indxx Aerospace & Defense ETF (MISL) at 7.93%. This indicates that XIFR's price experiences larger fluctuations and is considered to be riskier than MISL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XIFR	MISL	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.94%	7.93%	+6.01%
Volatility (6M) Calculated over the trailing 6-month period	25.76%	19.15%	+6.61%
Volatility (1Y) Calculated over the trailing 1-year period	41.69%	22.43%	+19.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.18%	19.10%	+26.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.58%	19.10%	+21.48%

Dividends

XIFR vs. MISL - Dividend Comparison

XIFR has not paid dividends to shareholders, while MISL's dividend yield for the trailing twelve months is around 0.35%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MISL First Trust Indxx Aerospace & Defense ETF	0.35%	0.40%	0.74%	0.63%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XIFR XPLR Infrastructure LP	0.00%	0.00%	20.20%	11.10%	4.27%	3.08%	3.37%	3.74%	3.98%	3.46%	5.08%	3.03%

Frequently Asked Questions

Can I hold both XIFR and MISL in my portfolio?

XIFR and MISL have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XIFR or MISL?

XIFR has higher volatility (13.94%) compared to MISL (7.93%). In terms of maximum drawdown, XIFR dropped -88.29% vs MISL's -17.91%.

Which has better risk-adjusted returns?

MISL currently has the higher Sharpe Ratio (1.70 vs 1.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.